Atalaya Mining Share Discussion Threads

[rich1e] 19/10/2016 17:11

Acamas, I’m not sure that I agree. “the MM's have to keep dropping the price to attempt to attract buyers”.

On news last week, the share price was around 85p prior announcement. First trade of the day 92p with an 8% spread. Now the news must have been adjudged to be good hence the rise and the buyers, compare with Kefi yesterday which did the opposite. But predictably buying interest dried up fairly quickly.

I would think that if they had wanted the buyers they would walk the share price up until the buying stopped; but it wasn’t forced to stop. There will probably be buyers at over a pound when there are none at the current levels. Its about momentum and sentiment and the price action after news killed the momentum and the subsequent drop killed the sentiment.

Why? I haven’t a clue, but despite the current share price there were a couple of things today that made me think that the tide might be about to turn. We will see.

[tedoby2] 19/10/2016 15:38

Thanks for letting us know about the new presentation SBT.

As we move into the new year at nameplate I believe we'll see a realisation that copper will be moving towards deficit.

The AISC's of $2/lb are there as a target to be beaten and Alberto and his team will enjoy the challenge I'm sure.

The agreed discounts amount to 2% to 3% but only on 10% of production and " blending" the ore across the W/E axis in the early years should ensure we produce around 100m lbs of copper annualised if not a tad more.

Any increase in the price of Ag will do us now harm and the credit should easily offset the discount for penalties at the smelter as we can see in the new NI 43-101.

Also in the report the company has headroom for more offtake agreements should they be needed and a repeat of the agreement with Transamine to call upon if required.

The Astor case is an annoyance but it's a situation that's quantifiable within reason given it's about whether the Deferred Settlement payment profile should have started simply on the last permit or not. Nothing more and it's worth remembering that both parties can seek leave to appeal to the SC if they wish. I believe we could see that Astor's also running a concurrent claim against their advisers on the day.

AIMHO & GLA

[laurence llewelyn binliner] 19/10/2016 15:17

I'm surprised to see we've slipped into the low 80's and a 79p on the bid today.., but as a pure copper play now, we need to make some money and report we are cash positive.., if investors are looking for a yield there are better options than ATYM right now.., but that will come for us over time at 2.50/2.75/3.00 copper..., it's not very attractive at scratch is it with a court case looming...

[waterloo01] 19/10/2016 15:17

Good to see the C1-C3 costs. I understand they hope to improve on these. One of the best ways would be announce some better grades from the 20,000+ holes already drilled.

Outside of that, it's all down to the copper price. Good to see they are at least profitable around these levels.

Oh, some director buys wouldn't go amiss.

[acamas] 19/10/2016 15:02

LLB,

I did suggest this would drop into the 70p range a fortnight ago. For once it is not nice to be correct. The question now is how much lower is the gutter price? Judging by all the red recently this share is friendless in the current market and the MM's have to keep dropping the price to attempt to attract buyers. Who in turn seem disinterested above 80p. So at what level will the buyers enter?

[laurence llewelyn binliner] 19/10/2016 14:55

Nice to see confirmation in the new presentation that cash B/E is $2.00/lb of payable Copper, so $2.07 so pre discounts which means we are cash positive now..., just ...What a milestone that is, after all that we've been through...Finally in production, scaled up and cash generative...Why sell now..., it's all down to Copper which will dictate how well we do...

[shortarm] 19/10/2016 13:55

That drop prompted a few buyers!

[chelsea101] 19/10/2016 10:48

Thanks SBT. Is the presentation on the Atalaya website?

[superbobtaylor] 19/10/2016 09:08

New presentation out. "Sustaining cost" (which I presume is the same as breakeven) given at $2.00 / lb.

SBT

[reba] 14/10/2016 11:59

Here we go again, down down down

[manfrom] 14/10/2016 11:13

Most likely see a circa 20,000 buy later - if the trend continues?

[reba] 14/10/2016 09:54

Looks as though the pillocks moved up to selling 6000 at a time now

[laurence llewelyn binliner] 13/10/2016 15:02

Bloomberg ran an article this morning on how the DJ/S&P indexes were so over inflated, they are due a big correction.., are they right..? pumped up on zero interest rates, and QE, it's a hard point to argue against, the FTSE has retraced off its 7100+ high, is this the start of the next crash/crisis we are looking at after an 8 year gap, it's pretty much on schedule...?

The BoE has bought £1BN of corporate bonds this month as the majors look to prop up their balance sheets as UK business recedes..?

A rate rise across the pond from the Fed before Xmas more likely now..?

Deutsche Bank aren't in any trouble at all really, as they freeze on all new jobs and Merkel has already said 'you're on your own' ..!

Some weak data coming out of China, but is this seasonal..?

How does all of this effect metals / Copper...?

[shortarm] 13/10/2016 14:09

Copper smashed again!

[reba] 13/10/2016 08:16

5000 man here again today. how many more has the pillock got

[langostino] 12/10/2016 14:19

Pleased at 3p after all these years! How right Lewis Carroll was:

“The rule is, jam to-morrow and jam yesterday—but never jam to-day.”
“It must come sometimes to ‘jam to-day,’”; Alice objected.
“No, it ca’n’t,” said the Queen. “It’s jam every other day: to-day isn’t any other day, you know”

Sums up this eight year disaster.

[laurence llewelyn binliner] 12/10/2016 13:55

Some director buying wouldn't hurt here, if the closed period is now open to them..?
Confirmation in the Q3 financials end of November that we are another step forward towards B/E and a maiden profit will be another trigger, but the main driver will be the price of Copper getting back towards or >$2.50/lb.

Measured and demonstrated profits + capital growth, and dividends are what investors buy into, and that day is getting closer.

Astor being resolved will take the hand brake off too.

January '17 will be the start of real progress here IMO, with the court case judgement, and Q4 results in.

We are without doubt moving forward in 2016, and the big flywheel is gathering momentum..! Having been here topping up for 6 years now, I for 1 am very pleased with progress YTD and in Q3..

[Edit] It's always going to be jam tomorrow until we start making some money isn't it, and it will be more jam tomorrow until we do, but now we are making demonstrated progress, that day is getting closer, I said I was pleased with progress Lango, not the current SP, that is, and continues to be a disappointment and will be until I see £2.00+ ..!

[antreg] 12/10/2016 13:09

I suspect the results in November will see movement in the share price.

[acamas] 12/10/2016 10:19

As Jimmy Greaves said "It is a funny old game". With all the good news concerning ATYM I would have confidently expected the share price to break the 90p ceiling by now and move on towards 100p. Mining shares do seem to be returning to the front row. We will see a very good return on Capital Invested eventually. So why is the share price stuck in first gear?

For LTH this is really only 3p a go. Surely we are in reality worth more than that!

[laurence llewelyn binliner] 11/10/2016 18:18

Not a bad day for us was it..!

I was specially pleased with the recovery rate increasing 4% from the last set of financials, +4% more copper for free.. or about a $10c/lb saving going forward on costs.. :o)

Q3 financials will be end of November, but we will be on or about B/E currently from September.
Q3 guidance on costs is $2.05-$2.20 quite a wide range, so payable Copper of $2.15- $2.30 possibly offset by the efficiency saving above tho'..
We will be cash positive and have our maiden profit in Q4 now, so long as copper stays @ $2.20 or over..

[iankn73] 11/10/2016 17:50

Great figures released today. Superb progress since Feb. I was tempted to add more here after selling my Kefi shares, but decided that I already hold enough.

Nearing name plate production numbers already.

Hoping that this update will provide the share price with some traction. We have Alberto presenting to potential investors (I believe)soon and we should have a clearer picture in November regarding financials.

Only 3 month till Astor case.

We need to smash right through this stubborn $2.20 copper resistance and who know where the share price may end up.

Well done Alberto and team.

[rich1e] 11/10/2016 17:09

Good news this morning. What’s stopping the share price rising? The copper price? The Astor situation? Or the 8% spread at the first sign of any buying activity?

[bigbaddaz] 11/10/2016 09:05

If the grant had arrived in the timely fashion it was expected I doubt we would need to secure additional funding and would potentially be stood on our own two feet ..........

Amazing really when you consider we only announced the start of commercial production the beginning of the year.

It would ne nice to know if there was an updated timeframe where we could expect to receive the grant.

I am no longer expecting for the grant to be received this year. Maybe the terms have changed and we need to be operating at full capacity and providing stats and figures to prove we are a viable business before the EU signs off the money