Atalaya Mining Share Discussion Threads

[old fool2] 30/11/2016 13:56

I think mm are filling an order, they are keep taking the price down without much selling to unsettle the week holders and get as many cheap shares as possible. You wait either today or tomorrow the price will go back up to previous levels or may be higher if copper keeps going up.

[rafboy] 30/11/2016 13:20

Yes, recovering slower than I thought it would today but does not alter the fact that this is cheap IMHO. With hopefully a profit next quarter and copper staying above previous levels I am happy to hold and add when I can.

[rougepierre] 30/11/2016 13:19

Copper has surged 3% in the last 10 hours...ATYM has fallen 5%...can't continue...

[rougepierre] 30/11/2016 11:54

This article confirms the 'ultra bullish' golden cross (note 50 Day MA value of 97.8 higher than 200 Day MA of 97.51)

hxxp://hotherald.com/chart-level-analysis-on-shares-of-atalaya-mining-plc-atym-l/50638/

And still a 96% buy on Barcharts (100% Medium Term 100% Long Term)

hxxps://www.barchart.com/stocks/quotes/ATYM.LS/opinion

[rougepierre] 30/11/2016 11:46

Well reasoned and up to date evaluation of ATYM...

No debt and strong forward cashflows...

hxxps://simplywall.st/news/2016/11/30/atalaya-mining-plc-aimatym-financial-strength-analysis/

[rougepierre] 30/11/2016 11:21

Surely very little profit taking on such low volumes?

If you look at the three 'runs' since 9 November...

The share price peaked up to 11 November on rising volumes (almost 1 million traded on that day) and then fell back until 17 Nov on falling volumes (71k traded)...

It then rose from 116 to 138 on 214k, 329k, 355k before consolidating on only 133k...

It then recommenced its rise to 157 on 505k, 321k, 194k volumes before consolidating once again on 163k and today only 77k...

But the good news is the much higher liquidity...

In the 40 trading days up to 3 November, AVERAGE daily trading volume was below 50k, with a total of less than 2 million shares...

However, in the 18 trading days up to yesterday, 4.9 million shares had been traded for a daily average of 260k shares, way over five times as many...

That means far more investors are aware and on board and volatility will inevitably remain high until the share price stabilises into a longer term trading range...

The next likely news in order is likely to be, keeping the share price bubbling along:

* Directors' and/or further institutional buys?

* Upwardly revised analyst(s)' forecasts?

* A Q4 operations update, probably announcing when we hit nameplate capacity;

* A Q4 operations report shortly after 31 December

* Probably a revised investor presentation

* An Astor update, probably with either a decision or an adjournment

* An updated Q4 preliminary trading report summarising the full year's production

* Q1 Operational update (early April)

* Full year results (late April)

AIMHO as usual...

Meanwhile copper over $2.60 again...

[sirmoori] 30/11/2016 11:20

P/E of around 2.5 today. Not that expensive, I think.

[husbod] 30/11/2016 11:07

Surely we haven't reached the status of being worthy of being shorted. If so we have truly arrived.

Or is it just profit taking after such a meteoric rise/or concern over whether copper can hold these levels.

OPEC is the focus today though - the oilers were badly hit over the last couple of days along with the other commodities.

[rougepierre] 30/11/2016 09:40

3 little maids from school...

now here's the thing...

copper has surged to over $2.70 and remained close to $2.60, DESPITE the strength in the dollar since Trump won...

PS as far as I can see, we had the 'Golden Cross' yesterday... (50 Day MA breaks up through 200 Day MA)...

AIMHO as usual...

[laurence llewelyn binliner] 30/11/2016 09:22

#RP, -- EBITDA improved significantly in Q3 2016 compared with H1 2016 (negative EUR3.6 million) as a result of an increase in volume of copper concentrate sold, lower cash costs and higher realised copper prices. Positive EBITDA of EUR1.9 million for the period compared with a negative EBITDA of EUR1.6 million for the year to date.

We've had 3 weeks of selling into $2.50+ Copper now with EBITDA running at $1.25M/week, which tips us into a Q4 profit, and a 2016 full year profit..

2 Maidens.. :o)

[rafboy] 30/11/2016 08:50

I think we will regain early morning losses today. This fall is overdone IMHO.

[rougepierre] 30/11/2016 08:37

Falling back on falling volumes is a good sign...if you look back over the lastvfew weeks, what we have achieved is phenomenal...a monthcago people would have shot down a forecast of 137 by year end...

But if you look back over the last 5 years or more you realisecthe vadt potential...

We have had the correction rocket, now we can look forward to years of steady growth, punctuated by surges in the copper price and temporary ups snd downs around our pleasing and improving results...

We're surely now set for a maiden profit, maybe evdn for the year, and dividends must be less than 2 years away, surely...

AIMHO as usual...GLA

PS KRS biggest gainer today...

[old fool2] 30/11/2016 08:26

Copper has just gone positive

[acamas] 30/11/2016 08:24

Reading the chart using point and figure if this closes below 137p today then I read it as a short term sell it until finds a new floor to bounce off

[manfrom] 30/11/2016 08:22

Well, that's a weeks worth of gains wiped out in 24hrs......welcome to AIM

[qs99] 30/11/2016 08:16

copper doesn't seem to have fallen by so much that ATYM should be off 15% IMO, but there you go, up and down like a......long-term still bullish....DYOR

[head gardener] 30/11/2016 08:12

Wanderer,just wishful thinking on my part.I would like to see a bottom to the current sell off both in cu and atym.

[rich1e] 30/11/2016 07:15

You look at the share price rise of late, the copper price, the rise in the likes of Kaz, Ved, Anto and ask yourself if we are now in a bull market, if the answer is ‘yes’ then no amount of manipulation, profit taking, trading, will stop this going skywards. A rising tide lifts all boats, though it sometimes ebbs a little.

[wanderer1210_0] 29/11/2016 20:01

HGYou will never beat the MM's their massive advantage is seeing both sides of the book, the only way to gain a advantage if you set a stop loss is tick the box that does not let the market see it. Surprising how many people do not tick it and the MM's can shake them out

[head gardener] 29/11/2016 19:48

I understand support and resistance, but if the Chinese start shorting copper overnight, you can stick your golden cross where it belongs.

[laurence llewelyn binliner] 29/11/2016 19:35

#gcpink, yes, I just did my Barchart too, and the 50/200 SMA have merged @ 97p, Golden Cross..? or are we more likely to be pegged directly to Copper now we are a producer..

I'm not much of a chartist, but we will see what we get..!

[head gardener] 29/11/2016 19:31

PS m/makers all work in unison in the the manipulation of a share for profit , so can we, comments please!

[head gardener] 29/11/2016 18:56

I would like all lth have a material effect on the share price we hit 1.60, we all held knowing cu was on a knife edge, we do not know what tomorrow may bring but a conservative effort which is not monitered we can trade,in the long term hold but in the short term with a small amount lets all try screwing the m/makers just to stay in profit. Please summit workable ideas,