Weatherly International Plc Share News (WTI)

Weatherly leaps on new loan agreement

Shares in Weatherly leapt 27 per cent on Friday after the mining group announced the successful execution of the loan documentation with Orion Mine Finance Fund for the company's flagship Tschudi project in Namibia. Orion will provide a $91m loan facility to meet the full funding requirement of the

Broker Rating Changes Summary - SocGen Raises GKN To Buy

Friday broker round-up UPDATE

African Minerals: Investec reduces target price from 393p to 246p, while its buy recommendation remains unchanged. Ashmore Group: Berenberg cuts target price from 500p to 470p and retains a buy recommendation. ASOS: Deutsche Bank raises target price from 4450p to 4800p and reiterates a hold recomm

Weatherly Gets Full Financing Loan For Tschudi Copper Project

Weatherly disappoints with decline in half year profit

Copper miner Weatherly posted a sharp decline in half year pre-tax profits, hit by lower revenues, higher sales costs, and negative comparables with the same period the previous year. Profit before tax came in at $0.5m (2011: $13.3m), on revenues of $18.9m (2011: $23.1m), which resulted from delay

Weatherly International unveils rise in copper production

Shares in Weatherly International fell Tuesday as the company released its quarterly operations and production update on copper projects. The company dropped 9.62% at 10:00 despite reporting a rise in production during the second quarter with 5,780 tonnes of copper concentrate containing 1,328 tonn

Resource round-up: Weatherly Int, Mercom, Goldstone Resources, Continental Coal

Aim-listed copper mining producer Weatherly International said it is to reopen the Old Matchless mine in Namibia, allowing the company to double production in the area. Production at the mine, which closed in 1983 and sits around 2km east of current mining operations, is expected to start within 13

Thursday broker round-up UPDATE

Alternative Networks: Westhouse Securities downgrades from buy to add, target price of 280p kept. Babcock International: UBS downgrades from buy to neutral. Barr (AG): N+1 Singer raises target price from 402p to 525p and upgrades to buy. Belvoir Lettings: Seymour Pierce raises target price from 9

Resources round-up: TomCo, Sunrise Resources, Weatherly,

TomCo Energy, the oil shale exploration and development company, rose 3.8% after it said it had commenced measures to secure the necessary approvals and permits required for commercial production at its Holliday Block in Utah. The firm said it was currently streamlining its corporate structure to fo

Weatherly jumps despite concerns

Mining firm Weatherly jumped back in the black in the last year causing its share price to jump too. The Africa-focused copper firm said it would pay a dividend through an 'in specie' distribution of shares in China Africa Resources worth $1.2m. It posted pre-tax profits of $14.2m, up from a $1m l

Weatherly production hampered

Shares in mining firm Weatherly took a hit after the group admitted production at the Otjihase site had been "significantly" hampered during October and the early part of November. Although December mining rates at Otjihase were on target, conveyor breakdowns during the Christmas and New Year peri

Weatherly International retreats into the red

AIM-listed mining firm Weatherly International reported an annual loss but remains confident that demand will be sustained in the medium term particularly China and India. The group, which sold a 2.5% interest in its Namibian subsidiary Ongopolo Mining last month, reported a loss of US$0.5m for th

Local workers to take stake in Weatherly's Namibian subsidiary

AIM-listed mining company Weatherly International has sold a 2.5% interest in its Namibian subsidiary Ongopolo Mining (OML) 'on tick' as part of a strategy to encourage local participation in the company's operations. The shareholding was sold to Labour Investment Holdings (LIH), the investment ar

Weatherly gets copper boost in Namibia

AIM-listed mining company Weatherly International says testing at its Tsumeb site in Namibia has revealed enough minerals to potentially make the site commercially viable. Following test drilling of 109 holes in a 75 metre square area, Weatherly's chief executive officer Rod Webster commented: "I a

Small caps: CNC, Ithaca, Paragon Diamonds...

Precision engineering specialist CNC Technology saw profits fell 17% last year to £2.32m, but the second half was much stronger. Sales fell 2% to £12.6m. "Trading conditions in the defence sector remain strong and we continue driving some of our products into military equipment aimed at countering