Member Info for Billthebank

The problem is Tschudi life of mine with pic where it is on present processes only has two years allegedly.who knows how long copper price rises What if he options are avail to Weatherly to extend the LON and how.much would that cost.Are there other options available?

If only it was straight forward as that.It clearly isn't and that is why the co is having a strategic review.not into the doomsday scenario here.Weatherly see these threads so are aware of the chatter.What would happen here if a jv appeared for Kitumba? Fat lady isnt singing here

Garyn the company has said that not ALL payments can be met.It is also in discussions with Orion rescheduling borrowing to a longer term structure.The downside here is the water ingress solution if there is one and if so the impact on C1 costs. I am sure that Orion and Weatherly are working together on this.Why wouldn't they?

Jenny from memory there wasn't any copper available for Orion as the copper was already hedged.Another plus point is that the US dollar has gained some mileage and I think the rate is rising.When I last looked was 12.7 to the dollar.I still think the POCwill rise again due to economic demand exceeding supply. Next quarters update should be more positive. Not iver till the day lady sings.At least the sp has levelled off now. 0.22/0.25 Garyn thanks for your input.

Laino I am invested Not sure why you thought I wasn't but perhaps you are right I will put all this in a balloon and let it go as will know soon enough No itent from me to upset you Good luck. Lastly I have tried to contact the company but no joy.

yet again apologies for my spelling

When I saw the RNS this morning I was disappointed but that was only because it appeared to me that ORION had reduced their holding as I thought they held 29% of the company so had a squeaky bum moment. I have been chatting with Augustusloop on ADVFN who has knowledge of WTI and it is his belief that Orion are pushing this situation. Personally I do no at agree with this as why would they? Yes they are owed $100M but in the past they have always been supportive so why should that mood change? Possibly because when they were advised that the life if Tschudi had fallen to end of 2020 they may have wondered well how are we going to get our money back. Ah well we better buy out the company. Run Tschudi ourselves. Reap the rewards of Kutamba and Berg Aukas and milk Tschudi as hard as we can and keep our fingers crossed that the POC will rise to $8500 After all at that price we could recover most of our lending in three years? Personally I do not see that happening. Would have to be daft to sell these shares IMO at this price We all know the downside here It is Tschudi water ingress issues that have reduced the life of mine It is Orions finance The positives We await The Strategic Review Will WTI find a JV for Kitamba Will the Price of copper rise 20+% as it did in 2017? Will Berg Aukas go through As for the rest of the mothballed company How long would it take to make those profit earning if POC was worth $8K/tonne?

Now 0.2/0.24 So not a conducive spread to trading this share thats for sure

Spread is 0.19/0.215 presently

I would not profess to know anywhere near the amount that many do about mining but I have to say I think there is real mileage here. Of course I could be wrong but whenever I see too many bears on a thread I think here we go. Lets short this and before you know it little consortiums build up and put the pressure on the strugglin co. I know that anything I say will simply see them push push push with more negativity. It is because of this that I know that I wont be able to convince anyone this could be a good time to invest in Weatherly A company whose c/v has moved from �30M to �2.5M virtually overnight. A company whose 6 months interims in December made a loss of �500K after making a repayment of $1.5M to Orion plus a $8M depreciation allowance. Hmmm I wonder how much tax is available in the last 7 years for Weatherly? Anyone looked? Ok first assumption re Orion being the driving force behind what might be a fire sale. Well I don't agree. Who will be right well we will know within 6 months. I think Berg Aukas where we could deliver Nett �20M for a tiny �600k capital cost and is not available as security for Orion is interesting. The value of that mine is growing rapidly with the rising price of the resources. The Strategic review will love the potential there. Won't they? Kitumba is also an interesting proposition and Orion are happy for Weatherly to pursue a separate partner to progress this and again there is mileage here. Can you imagine how the sp would react here if a jv partner was found real quick. How about Jubilee (JLP) they have $50M available!!! The strategic review will I am sure be taking all of this into account and will present a plan that Orion will like. I believe with the Price of copper having risen by 10% and the Namibian dollar not as strong as last year then this is further good news. It was conjectured on ADVFN that Orion are pulling the strings here and all of a sudden are changing their perspective about their investment so I will conjecture that the price of copper in 12 months will be above $8000 and if it increases to the same extent as 2017 it could breach $8500/tonne Just think about that for a moment The elasticity of this company's performance is inexorably tied to the Price of Copper. In my opinion Orion think this too. The Chinese and The Indians are growing at a ridiculous rate and in Weatherlys case it is likely that the dollar will grow in strength which will also help the company's case as we have had a period last year where The Namibian dollar was doing rather well Not so in 2018. I am not the only person that sees the price of copper rising Just look in the media India and Chinese demand is insatiable and as we build up to The Olympics it will continue as The Chinese love a show piece. As for India their demand is growing at a rate. Lets not talk about the supply chain problems . My agenda? I have a holding here

Apologies re typos predictive text aaaarrrggghhh

Your call about what you decide NAI!!

Jess there is no doubt that this investment is not without risks so wouldn't throw the kitchen sink at it. I have to say I am a long term holder here and I havd averaged down.I was invested at a much higher entry level.You Jess are lucky I believe well luckier than me.I dong havd a crystal ball so really couldn't advise you but I have no intention of selling these at present and nor will I accept any price below 0.4. That only values the company at a shade over £4M The strategic review will reveal all.Youf call aboug what you do. Read last month's RBS it will give you confidence for whatever you decide to do.Sorry I can't be of any further help.Lastly what is your view re POC.

Missed that. Adds more weight.Also why did Orion agree to lend us an additional$10M if they were concerned. Happy I am invested but now need 0.4 to break even.

MRS They would still be an unsecured creditor so could still drive the company under but seriously it is not in their interest to do that.Weatherly can clearly repay some of the debt falling due and are in discussions for a long term solution.The strategy review taking Kitumba and Berg Aukas into account I am sure will see a positive way forward. At pres with Tschudi every 1% rise in the POC increases profitability by $1.2M.This share was way oversold IMO.Time will tell.

Good post!! IMO there is deffo mileage here at this price and by the buys going through patient people can see that. Do you have an exit strategy JP or is that too cheeky to ask

Dint you think the shareholders might have a say in that?

1 ORION OWN NEARLY 30% of the company 2 WTI pres valued at under �3M 3 BERG AUKAS WILL COST AN ADDITIONAL �600K NPV�74M COSTS �54M 4 Weatherly have stated that we cannot pay all the Orion debts due That is all not any. BTW not very long ago it was any!! 5 Orion and WTI are in talks re long term restructuring of the whole debt 6 Orion would not want the company to fail now would it see 1! 7 There is a strategic review underway 8 The POC is rising and many believe this will rise further 9 Tschudi water issue is being looked at to see what options are open to the company and of course if the POC rises to $8000 who knows what that would mean in terms of going beyond pit level 5 Lastly Orion aren't interested in facilitating Kitumba but are happy for Weatherly to look at other partners/ C/V �3M Ridiculous IMO Time will tell. No doubt though there are risks involved but I believe that is well in the price

Apologies re spelling In a rush

Remember that Orion own29% of the company so they wouldnt want to do that partic in a mine that is oresently making money and if the POC rises?? I am sure that Orion are ooking at this medium term I am sure the strategic review is in place to come up with a plan which would include a repayment prog taht was achievable After all if and I am not saying it will happen the company is worth �2.5M presently and Orions stake is worth therefore �800K If the sp rises to 3p their stake is worth �8M so do you not think Orion who recently provided a working facility of $10M would be very interested in a plan that gave them a way forward rather than see the co go into oblivion? I am so looking forward to seeing the results of that review No point in hypothesising now is there.