UK 12:20 Sunday, 1 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
When news came on Friday that trading in the shares of Weatherly International (WTI) had been suspended and that the company was being placed into administration, unfortunately it didn’t really come as much surprise to me.
The lack of research by many private investors never ceases to amaze me, especially as they are often putting their hard-earned money into these companies!
One of ShareProphets regular readers, Wildrides, has asked me to take a look at Weatherly International (WTI), and as I do follow the mining sector quite closely, I am happy to give my thoughts on the company.
Having asked for readers tips for 2018 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2018)...
Hello Share Jumpers. When I suggested we take another look at the four British banks this week, I got a rather predictable comment from one of Shareprophets' most entertaining members, Wild Rides. You may have discovered from some of his other posts that Wilders dislikes the UK banks after burning his fingers on Lloyds Group (LLOY).
John Meyer of SP Angel this morning comments on Metminco (MNC) and Weatherley (WTI) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
John Meyer of SP Angel this morning comments on Base Resources (BSE), Hummingbird Resources (HUM), Kodal Minerals (KOD), Ironridge Resources (IRR), Rio Tinto (RIO) and Wetherley International WTI) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond
John Meyer of SP Angel this morning comments on Atlantic Coal (ATC), Herencia Resources (HER), Kefi Minerals (KEFI), Obtala Resources (OBT) and Weatherley (WTI) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond and some thoughts on lithium.
Craig Thomas is celebrating two months as chief executive officer of heavily--indebted southern African copper play Weatherly International (WTI) by tapping into funding facility from 25% shareholder Orion Mine Finance, boosting production from the company’s flagship open-pit Tschudi copper mine in Namibia and studying how to revamp its presently uneconomic underground projects in the same country. AIM-quoted Weatherly, whose shares have plunged from its 8p float price 15 years ago and a more recent 3.88p 12-month high to a mere 0.68p now, has drawn $4 million from an $80 million-plus facility provided by Orion to help ramp up production at Tschudi and apply what Thomas calls ‘real detail and rigour’ to Otjihase and Matchless, the underground projects now grouped in the company’s ‘central operations’ division.
Copper may have been testing six-year lows of late, with prices down from $4.5 (£2.9) a lb. in 2011 to around $2.42a lb. now, but south-west Africa-focused Weatherly International (WTI) continues to trumpet its dramatic ramp-up of coper production at Tschudi in Namibia. The AIM-quoted company, whose shares have crumbled from their 8p float price 15 years ago to 1.08p now, against a 12-month high of 3.88p, says the fourth quarter of its financial year to last month, Tschudi’s first full three months of operation, saw production of 2,257 tonnes of London Metal Exchange-grade copper cathode, 50% of the project’s design capacity and comments it has set a monthly target of 1,400 tonnes, 100% of design capacity, by December.
John Meyer of SP Angel this morning comments on Petra Diamonds, Weatherley International & Stellar Diamonds as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
