Weatherly International

WTI: 2.02 -0.08 (▼3.61%)

Delayed:2018-02-23 16:57:07
Bid Price 1.95 High Price 2.05
Ask Price 2.05 Low Price 1.91
Open Price 2.05 Spread 5.00%
Prev Close 2.00 Volume 6,776,174.00

Weatherly International Share Price Chart


Historic - 1 year

Weatherly International Share Price Information

Name Weatherly International Epic WTI
Sector Mining ISIN GB00B15PVN63
Activites Weatherly International plc is an AIM listed copper mining company operating in Namibia in southern Africa. Its principal assets are one operating open pit copper mine called Tschudi and two underground copper projects called Otjihase and Matchless. Security Type Equity

Key numbers

Latest Share Price (p) 2.00 Net Gearing (%) 102.84
Market Cap (£m) 23.34 Gross Gearing (%) 107.51
Shares in issue (m) 1,060.80 Debt Ratio -183.38
P/E Ratio -0.60 Debt-to-Equity Ratio 0.05
Divs per share (p) 0.00 Assets / Equity Ratio -13.31
Dividend Yield (%) 0.00 Price to book value -2.31
Dividend Cover 0.00 SROCE (%) 1155.62
Earning per share (p) -3.64 EPS Growth (%) -271.43
52-week high / low (p) 3.65 / 0.25 DPS Growth (%)

Weatherly International Broker Views

Date Broker Rec. Price Old target price New target price Notes
12 Sep finnCap Buy 2.02 1.10 1.10 Retains
02 May RFC Ambrian Speculative Buy 2.02 1.30 1.30 Reiterates
19 Apr finnCap Buy 2.02 1.10 1.10 Retains
27 Jan RFC Ambrian Speculative Buy 2.02 1.20 1.30 Reiterates
16 Jan finnCap Buy 2.02 1.10 1.10 Retains

Weatherly International Director Deals

Weatherly International Company News

Weatherly International director Edwin Bennet stands down

Weatherly International said director Edwin Bennet had tendered his resignation.

Bennet was an appointee of Orion Mine Finance, a significant shareholder involved in negotiations with Weatherly over a restructuring of its debt facilities.

Bennet was mindful that his ability to play a meaningful role as director was inevitably compromised by his also being the representative of the company's largest shareholder and creditor, Weatherly said.

At 2:19pm: (LON:WTI) Weatherly International PLC share price was +0.03p at 2.58p

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Weatherly boosts copper output

Weatherly International said fourth-quarter production from the Tschudi copper project in Namibia rose to a record.

The project produced 4,739 tonnes of copper cathode, or 11.5% above nameplate.

"This is a record production result for Tschudi and brings year to date production to 8,843 tonnes or 4% ahead of nameplate half way through the financial year, the company said.

The outcome was assisted by some short-term benefits from relatively-fast leaching of additional oxide ore mined from an interim pit.

A more detailed operational update for the quarter will be published later in January.

At 8:28am: (LON:WTI) Weatherly International PLC share price was +0.18p at 1.45p

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Weatherly schedules AGM

Weatherly International has confirmed that the Company intends to hold its Annual General Meeting on 9 January.

At 2:32pm: (LON:WTI) Weatherly International PLC share price was 0p at 1.08p

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Weatherly to acquire Australian mine

Weatherly International has agreed to acquire the Kitumba copper project in Zambia from Australian-listed Intrepid Mines.

It would pay an up-front consideration of A$4.75m in cash, plus deferred consideration of A$0.5m upon a decision to mine and a further A$0.5m upon achieving commercial production.

The transaction is subject to certain conditions including Intrepid shareholder approval and any regulatory approvals required in Zambia and Australia.

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Weatherly International losses more than triple

Weatherly International said annual losses more than tripled after it experienced ongoing production mishaps at the Tschudi copper mine in Namibia.

Pre-tax losses increased to $41.1m from $10.6m after higher revenue was offset by a spike in sales costs and administrative expenses.

"In production terms, the year began on the back foot with Tschudi needing to recover from the high groundwater inflow rates encountered in the open pit in the last quarter of the previous year," the company said.

"These inflow rates far exceeded the worst case scenarios foreseen within the Bankable Feasibility Study, making it impossible to prepare for these excessive inflows in advance and making it equally impossible to provide the required volumes of ore from the pits to the crushing and stacking plant in the short term."

At 8:04am: (LON:WTI) Weatherly International PLC share price was -0.1p at 0.68p

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