Link to new Weatherly International (WTI) investor presentation (March 2011):
http://www.rns-pdf.londonstockexchange.com/rns/1215C_-2011-3-1.pdf
Production of copper is forecast to be 4200 tonnes in 2011 and 7900 in 2012 from the Matchless and Otjihase mines (see page page 21). This equates to $41.5 million this year (at $9900/tonne) and $78 million in 2012.
Blackrock confirmed with 16.7% stake in WTI.
In summary - strong revenue and profit growth, strong institutional support
(see previous summary http://contrarianinvestoruk.blogspot.com/2011/01/weatherly-international-namibian-copper.html)
Contrarian Investor UK invests mainly in UK FTSE and AIM listed shares. Like famous contrarians, Warren Buffett and Anthony Bolton, he likes to take a different view to the crowd of investors. He prefers the short term, possibly speculative trade, to the long term hold and takes the view that it's about "buy and research" not "buy and hold"! This blog tracks Contrarian Investor UK's thoughts on the stockmarket and his portfolio's trades. Move against the herd with the Contrarian Investor UK!
Trades and observations from a British contrarian stock investor
This blog is not intended to give financial advice. Before investing, do your own research and consult your financial adviser if appropriate. The accuracy of any information included is not guaranteed and may be subject to conjecture or interpretation by Contrarian Investor. Therefore visitors should validate all facts using alternative sources where possible.