Member Info for Headly

Saying Orion will not let 'this' happen - well as far as i can see they already have. I agree that if this gets suspended even a few hundred �'s safe is better than waving it all goodbye. I sold most of what I could and have a few left to roll and will clear those too on any decent spike. There may be spikes up, but I just cannot see any investable value here at all for now. For me the real killer has been the water ingress problem - it has really kicked this in the teeth, just at a time when the prospects appeared to be favourable for WTI. I got caught out - never seem to learn! Happy to wrong of course.

I guess that depends on whether Orion have only recently become aware of the life of mine being affected by the water ingress. A few weeks back it may have looked a little more long term - now it is less certain that WTI can keep their pond empty.

Well WTI is valued around �2m currently - hardly seems likely that somebody will turn up and offer �120m+ for the assets under that valuation circumstance.

Well yes - but not with Orion's money - not exactly on board as far as I am concerned!

Surely this would get suspended and simply not return, it would be wiped out in the event of asset sales?

WTI totally backed into a corner by debt - much of it is as a result misfortune beyond the company's control. The news releases around Feb did appear to paint a more secure future than this. But in the end production woes have stuffed this one. I cannot see any return for shareholders in the event of a sale of the assets. Last time WTI collapsed they came back from being a finance/brokerage company to a shell, to a mining co - so what's next in this sorry tale of woe?

Bye bye bad egg. RNS states: Further information will be included in the Company's operations and production update for the quarter ended 31 March 2018, which is expected to be announced shortly. 'Shortly' would imply today?

Well they need to pull something out the bag as this looks dire for investors at the moment - share price lowest it has been for a good long time. All the recent, seemingly positive, noises from the company now swallowed up by uncertainty.

I think that is 3-4 years left after payback.

Also I appreciate that Orion are a shareholder - but the value of their holding is probably not the end of the world for them if they feel compelled to look at other means to restructure WTI. I am sure they would prefer to recover the debt rather than worry about the share price.

PadayachiS - I was looking for some clarification about the financial restructuring with Orion after that latest debt rollover. I am not now minded to ask for any further information, as I do not think it will be forthcoming. There too many 'ifs and buts' compared to just a few weeks ago. Back then WTI looked precarious but moving in positive directions. Now it seems to be all over the place, and who knows what will be next out of the blue. I see your point that Orion are privy to price sensitive information - but then they are most likely the originators of the 'sensitive' situation. I think the company will first and foremost want to secure the business for themselves and all the employees and local government etc. Shareholders are gamblers at the end of the food chain - and we can all simply walk away if we choose to.

It makes no difference what CT paid for his shares - he is not in a position to do anything about it. He'll just have to sit on a loss for the time being, like just about everybody else has to - or sell.

Gone from potentially positive for WTI to not so. As per usual no further explanation given. Was he not happy with the direction this is going. Or are they not happy with him?

Whilst it may not be as a direct consequence, I made it clear enough that the market needs to know whether the negotiations had stalled or were in fact continuing behind the scenes. I would like to think a company will take notice of shareholder points of view, and even act on them if an oversight is accepted. For that I am grateful.

But it does seem to be a fair assumption, not least we have not been told it is not happening. I would like to think this morning's news is an interim but necessary move.

Please ask, the response would be very interesting to hear.

That combined with the acquisitions - maybe we've allowed ourselves to get too far ahead in expectations.

Potential two years of wriggle room for WTI to pull something spectacular.

TDT - I guess they can keep kicking that can through to Feb 2020 with no great detriment if they so choose! Even then it is still in Orion�s court as to what action to take.

Apart from obviously wanting their money back, Orion have sanctioned the recent acquisitions with full knowledge of WTI�s position. Where do they intend to take this one, I have to presume that there is some form of structured plan at work here?