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  • 2 weeks later...
For heaven's sake, EZE has 18.2 mill shares of WTY that has just about to complete a huge placement at 17p with secured creditors taking them at 20p (approx 60c). EZE's market cap is approx $8mill. EZE also has a growing digital business through Ezestream. The shares alone equate to well over $10 mill. This is a gimmee! No trading monkeys listening but read the announcement on the 28/06 and read the thread.
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More info released (resultant holding 5.79%) http://www.sharescene.com/html/emoticons/lmaosmiley.gif :

 

Sch 1-Weatherly International - AIM

 

RNS Number:8174F

AIM

06 July 2006

 

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION

IN ACCORDANCE WITH AIM RULE 2

 

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

 

COMPANY NAME:

 

Weatherly International plc

 

COMPANY ADDRESS:

 

Weatherly International plc, 7th Floor, Aldermary House, 10-15 Queen Street, London

 

COUNTRY OF INCORPORATION:

 

UK

 

COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED IN

ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES:

 

Weatherly's main activity is that of exploration and development of mining and mineral projects.

 

Weatherly holds certain exploration and development rights to a copper mining project in Zambia, covering a decommissioned copper mine and tailings dam situated in Luanshya, in the Zambian copper belt (the copper-producing region of northern Zambia). The Luanshya Copper Project (an area defined by the licenses covering these exploration and development rights) is considered by the Board of Weatherly to be one of the

larger copper resources in Zambia with up to 1.4 million tonnes of copper contained in resource categories. The Board of Weatherly estimates that the Luanshya Copper Project could be capable of producing up to 60,000 tonnes of copper annually using modern, proven mining and processing techniques.

 

In addition Weatherly will now also control a 97% stake in Ongopolo Mining and Processing. Ongopolo is a private Namibian company which owns and operates three copper mines and a smelter in central and northern Namibia. Two of the operating mines (Otjihase and Matchless) are located near Windhoek, the capital of Namibia. The other

operating mine is located at Kombat with the smelter nearby at Tsumeb, both in the northern part of the country. During the year ended December, 2005, Ongopolo's smelter produced approximately 24,000 tonnes of copper, approximately 50% sourced from internal mine production and the rest from imported concentrates. Based on an

independent technical report prepared in 2004, Weatherly estimates that Ongopolo has sufficient known reserves for the next five years, plus sufficient resources from its existing leases to expand the reserve base by a further 5 years.

 

DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

 

315,829,346 ordinary shares of nominal value 0.5p

 

CAPITAL TO BE RAISED ON ADMISSION:

 

ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚£6,438,665

 

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:

 

Dr. Wolf-Gerhard Martinick (Chairman)

Roderick John Webster (Chief Executive)

John Bryant (Non-executive Director)

Peter Redmond (Non-executive Director)

 

PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL

BEFORE AND AFTER ADMISSION:

 

Name Initial Holding Resultant Holding

 

Matterhorn Investment Management LLP 18.23% 17.80%

Bank Windhoek 0% 10.24%

RAB Capital plc 12.69% 9.28%

Rod Webster 11.84% 8.46%

Wolf Martinick 8.14% 6.10%

Ezenet Limited 7.92% 5.79%

Resources Investment Trust plc 7.80% 5.70%

Government Institutions Pension Fund 0% 4.15%

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  • 2 weeks later...

Brief update: WTI is now up 14.75p (36.33c). EZE holds 18.2 million shares. ($6,612,060)

 

Current market cap of EZE is, wait for it, $7,553,126. Has cash, assets and a great business in Ezetream. EZE should be 20c plus IMO. http://www.sharescene.com/html/emoticons/king.gif

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Woooooosh! WTI last traded at 15.7p on the AIM which practically now equals EZE's current undiluted market cap. Please remember Ezstream is also a subsidiary of EZE which is cash flow positive after capex. http://www.sharescene.com/html/emoticons/lmaosmiley.gif

 

I rate EZE to be fair value at 23c - current price 12c.

 

EZE money. PLease read thread. http://www.sharescene.com/html/emoticons/tongue.gif

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Going up in a big way - value of company is 26c IMO. Current SP is 12c. Ask questions if you like.

 

WTI up 15% on the AIM and closed at 18.25p last night which now on EZE's shares alone surpasses current market cap easily. In addition to the significant copper resources that Ongopolo hold they are the 10% holder of the Valencia uranium deposit in Namibia the other 90% owned by TSX venture company Forsys Metals.

 

EZE has 18.2 mill shares of WTI. Current market cap is below value of shares at that price. EZE also has it's Ezestream business which is cash flow positive after capex. Services many thousands of rooms in digital movies in hospitals, mining camps and hotels. SP should be above 20c plus on value alone. LOL

 

EZE holds 18.2 million shares in Weatherly International, a London based, AIM listed mineral company with copper interests in Zambia.

 

I would really keep an eye out on EZE. The market has yet to wake up to this. Weatherly are all cashed up after a raising in May of 9.1 million pounds and ready to go.

 

EZE are currently trading at 12c. EZEO are available.

 

www.ezenet.com.au

 

www.weatherlyplc.com

 

Please check announcements on the 13/06:

 

http://sa.iguana2.com/cache/56d252afc445a0...-EZE-325674.pdf

 

http://sa.iguana2.com/cache/45bd627b56e35b...-EZE-325595.pdf

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