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The 950,047 at 14.36 showing as a sell is my transfer into an ISA. Looks like the other 952,429 at the same time might be another holder doing the same.
18k buy
Surprised you're not holding within an ISA then both capital gains and dividends would be tax free, in some respects better than pensions/SIPPs as the income is tax free though you don't get tax relief on contributions. Re valuations: there are 1,060,803,192 shares in issue so $100m earnings = 9.4c/share = 6.71p/share
TBH I am not keen on dividends. They are also counted as taxable income! Back in the early 1960s a couple of world-leading finance professors called Miller and Modigliani published a paper which mathematically proves dividends to be irrelevant to share valuations. This is, arguably, the most important and influential 'finance' research paper ever published. Before everyone starts saying 'rubbish' let me say that I would completely agree that dividends are psychologically very important to a lot of investors. However, Miller and Modigliani proved that this feature of human psychology and investor behaviour has no mathematical basis, in terms of generally accepted security valuation models.
Phew thanks for the back up Fundamentally. I think there should be some near term price drivers but as you point out the long term 1-2 years outlook is mind boggling....;0))....think pension fund!!
Fundy. Thank you for these financials. Very pleasant reading, that being an understatement. News on debt restructure the next milestone here. Do people think a dividend could be payable then? Id be happy with capital growth.....
Your calculations are correct, Sparky. A 10:1 P/E ration for an AIM listed miner is a bit optimistic, but even a conservative P/E of 6:1 would give a valuation of 45 pence per share. WTI's upside potential is insane. But it gets even better, when copper hits $8,000/ton (and it will), the margin will be around $3,000 /ton giving EPS above 11p and a SP above 66 pence. This does NOT include any value for Berg Aukas. I value the NPV of Berg Aukas at about 9 pence per share, based on a very conservative 10% discount rate (see my recent posts on this topic). 66 + 9 = 75 pence. By 2021 we can reasonably expect Central Ops, Kitumba and Berg Aukas to be in full production. If in 2021 copper is at $8,000/ton then a share price of 75p would be entirely realistic, based on a conservative P/E ratio of 6:1. I think copper could be a lot higher than $8,000 by 2021.
Re-do yourself in case I have cocked up!!
Hi MT Sparky 7.5p per share or 75p per share? Kind regards
If WTI produced 50,000 tons with say a $2000 margin wouldn't that be an EPS approx. 7.5p/sh? Using a P/E ratio of 10 that's 75p per share. All a bit basic but it looks to me like the potential future value of WTI could be many multiples of today's price...;o))
..to me. Market cap �23m, after reading the view of the very knowledgeable posters on this board and reading the RNS, I don't think the current value reflects; - Uplift in commodity prices since last years results - Reduction in operating costs at Tschudi since last years results - Tschudi should now be profitable - Any value for Berg Aukas (value approx. 9p/sh) - Any value for Kitumba - potential for 50-80k tons per annum production at say $2000-$2500 profit per ton?
https://electrek.co/2018/02/09/report-electric-vehicle-sales-canada/
Normal market correction, we will start to rise from here once again I feel. GL all, DYOR etc
Very true. Hopefuly selling at those prices helped their distress. If they had bought before xmas a cool 300k profit but we dont know. Anyway strong bounce this am and yes the corection has happened.
The correction has already happened. SP was 3.7p prior to large seller. Must have been distressed seller WTI future has never looked so bright from what I can see.
Will there be a correction of SP based on the 25 million shares sold. Or is the sentiment in that period lost in time forever. Would a pity if it is not taken into account. Would have certainly influenced the market. LSE should have check and balances to have prevents this from happening in the future.
I think so mannan. I am betting also the interim results show improvement in C1 cost reductions and copper price increase. WTI should swing into profits this year...;0))
Of 1million or so add up to 25milion shares. Showing as buys which given what happened to sp Thursday and Friday clearly must be wrong. Have I missed a TR1 this am?
MTSparky...we should be going back up
Got there in the end 2.1p. Once the value of these transactions sinks in we should multiply from here.
...billion shares millions dumped and you can’t buy them WTF ?!?!
My workings out on Twitter for Berg Aukas NPV , https://twitter.com/harvrem/status/962785155797671937 Does Anyone have a view on the comments on the old report -quote - The descloizite (V2O5) concentrate also has a limited market, with Huludao in China being the only potential client. Currently, the financial analysis assumes that the descloizite concentrate is treated as a lead oxide concentrate with no credit for the vanadium content. My view is there is a market for vanadium and it would make a difference to revenue, I�m sure when this is renewed it will add value ,
Anyone got any idea about centrals ops ?
Reason for 50% because it�s a commodity price increase , not zinc alone , roughly on average on all commodity prices and amounts mined off each commodity. Was a guesstimate too , There is one thing for sure , it�s a very profitable mine at prices today , zinc will be the main earner , I�m personally bullish on zinc , vanadium , silver , in this mine , lead I�m not so bullish , And this is just one mine , Copper I�m very bullish , which is why I�m here , but Berg Aukas just came from the bottom of the list , to nearer the top for production , all for very little money .