Atalaya Mining Share Discussion Threads

[erric] 01/12/2016 21:10

Husbod, you and I read the same investing book !1

[rich1e] 01/12/2016 19:03

Interesting figures on the miners LLB, looks like a bull market to me.

I hold a couple of those, and have to say, I’ve sold a few shares on the way up, no one went broke taking a profit after all, I console myself that thought as the sp’s march on.

By the time that it has run it’s course, the market will be full of participants whose trading brilliance will lose it’s lustre neath the shadow of what might have been, if they’d let their winners run.

[laurence llewelyn binliner] 01/12/2016 17:21

It's difficult to fathom, we are a straight Copper play now, (with the exception of Astor) but on AIM.. and with a worst case €53M liability pending.

GLEN has gone from 80p to 280p in 2016
KAZ 90p to 380p in 2016
ANTO 350p to 700p
RIO 1500p to 3000p
BLT 600 to 1350

They are all loaded up with debt..!

ATYM 80p to 135p in 2016 so far.., I suggest this is way out of step for the fundamentals of a company now spinning off $6M a month EBITDA, debt free, with a project NPV of $550M and much more to come.

I'm never going to be a forced seller, mine are all in my ISA, and it can just unfold in its own sweet time.., but soon would be good..!, court case in Jan 17, then a result for Feb..?

[head gardener] 01/12/2016 17:21

My biggest concern this week, would copper crash from Chinese speculation, copper seems to have consolidated @ 2.60 as all of you know the value and fundamental's atym has achieved has never been better.The figures at some point must speak for themselves!

[husbod] 01/12/2016 17:13

Neither did I. Dow up again. This is another potential problem imo. It is surely due a correction which might happen if the Fed raises interest rates. And even though we are nowhere near their multiples we would no doubt suffer if that happens. Uncertain times!

[spcecks] 01/12/2016 17:02

LLB also didn't trade any and still holding all my stock so you're not the only one.

[waterloo01] 01/12/2016 16:47

I'd be a buyer at £1.25! The other axis you need to consider is what happened to copper over this period. We have very quickly recovered from an historic bottom of $2.00 to a more realistic $2.50+ and moving toward $3.00. So while the rise in ATYM seems high (and it did coincide with going into production) it's less than some of the other miners, and we are a low cost miner, with no/minimal debt.

[laurence llewelyn binliner] 01/12/2016 16:37

#Acamas, hard to tell with any accuracy from the chart after spiking from 80p-160p in 3 weeks, the floor will be where buyers feel comfortable coming back in of course.. 125/130 best guess but that's only a guess..!, a sensible new floor would be 142p of course, and we know why that is..!

I nearly top sliced @ 160, but decided not to in case I missed some of the next leg..

[acamas] 01/12/2016 16:35

Waterloo01,

Thanks for putting me straight on that point

[acamas] 01/12/2016 16:34

LLB,

Strange I thought 137p and then if it went below that anything in the 120's from looking at the chart putting in a support level with very little resistance in the way of buyers is very tricky

[laurence llewelyn binliner] 01/12/2016 16:30

#Acamas, from a technical perspective aka chartists view, it suggests a retrace and then the next leg up, I didn't trade it, but it looks like I'm in the minority..!

[waterloo01] 01/12/2016 16:28

Acamas, it's not a referendum on the EU, although might be a proxy for it, but against the status quo (sound familiar). Odd given Rensi want's to reform the system! Maybe he should do a Berlesconi and be more outrageous.

[waterloo01] 01/12/2016 16:25

Maybe but I've given up guessing either the outcome of votes nor the way the market reacts.

[acamas] 01/12/2016 16:25

LLB,

Why are you suggesting the market in ATYM wants to turn when for the last few days there are very few buyers. The sellers have the upper hand imo

[acamas] 01/12/2016 16:23

Why should Italy vote "No" it defies all logic. We are told they take so much out of the EU that like Greece to attempt to stand on there own two feet would financially be akin to walking on water.

[laurence llewelyn binliner] 01/12/2016 16:22

I'm still holding all mine, it's just not possible that the company is worth less than the pre consolidation price of £1.42, when we didn't have a plant, let alone one working flat out at 9.5MTPA, making 42,000 Tonnes of Copper p/a, and a company spinning off $6M+ EBITDA a month cash at $2.60 Copper, with $10M worth of stockpile..

Fundamentals will win through eventually, trading swings, the chart seems to want to turn about now too @ 135p..!

Copper $2.64

[iankn73] 01/12/2016 16:19

Howdy Waterloo - I agree Europe is not the ultimate driver, still a driver none the less for copper. ATYM as an AIM stock will still get dragged down with the rest of the market though if the Italians vote NO. Even if copper moves in the opposite direction. IMO

[husbod] 01/12/2016 16:19

Can't fault the logic Iankn. I'm completely torn on the Italy question. My non-investing self wants a no vote so we can see what happens. With my investor hat on though I would prefer a yes. Seems to be too close to call and anyway all the pollsters have lost any creditability they may ever have had.

[waterloo01] 01/12/2016 16:09

Ian, understand. I sold most of my European equity funds recently for the same reason (plus the big one, France), but not ATYM as any weakness in the Euro works in our favour and Europe is not the driver for copper. IMO

Edit: Now trading at 4.4p old money!

[iankn73] 01/12/2016 16:03

I decided to sell a chunk of my shares whilst at break even as I'm concerned about this up and coming Italian Referendum on Sunday. If the Italians vote NO then this will seriously rattle the markets and it may be an opportunity to buy back in.

If I get in at a better price then great if not then I still hold a large number of shares.

I'm not comfortable with these wild swings in the share price (great when it works in your favour) at present and fear that copper has shot too far ahead of itself too soon and don't want to risk seeing the share price retrace to around the 120s.

I expected to see some support over the last number of days, disappointed to see the opposite as the share price has been drifting lower with no obvious support and the liquidity has dried up somewhat, which has really surprised me with the meteoric copper rise.

I just thought it best to play it safe, and preserve some cash for the time being.

Good luck all

[reba] 01/12/2016 15:58

No comment, considering my last 8/9 years involvement in investing in this company.
Whatever I do is wrong.
Now fighting other PI's.

[waterloo01] 01/12/2016 15:57

Good question. Guess we need to establish it first, although I thought the post consolidation price of £1.42 (?) would have been it, but you can't blame folk for booking a profit if they bought before the big rise.

It might also be helpful to put the current prices in the context of the pre-consolidation price, as it would the price at which the major shareholders bought in. 9p and 11p seem to stick in my mind (£2.70 and £3.30)

[acamas] 01/12/2016 15:55

waterloo01,

Where do you see the next support level we have dropped back from 163p with no support so far?

The daily reds do seem to be tapering off