Atalaya Mining Share Discussion Threads

[wanderer1210_0] 08/12/2016 17:27

I don't seem to get any malware advertising, mind you I am on Apple products. Let's hope our company have learned a valuable lesson and will not publish a good RNS on a Friday

[waterloo01] 08/12/2016 17:27

try adblock plus Stops them dead and free.

[iankn73] 08/12/2016 17:14

Looks that way Pawsche. We will find out soon enough....

More economic data due from China early hours. If the market likes we might get another copper boost

[pawsche] 08/12/2016 16:50

A couple of really chunky buys just before the bell... 30K @ 144 and 35K @ 142.71..

Good news tomorrow maybe? Somebody knows something! This is AIM after all. :-)

[manfrom] 08/12/2016 15:39

Acamas......Thanks for that.

[acamas] 08/12/2016 15:21

Manfrom,

Ordinary Trade with a delayed publication requested as I understand

[manfrom] 08/12/2016 15:14

Question please........What does an "OK" trade mean?

[wanderer1210_0] 08/12/2016 14:51

And on cue there she goes

[wanderer1210_0] 08/12/2016 14:48

Due another tick up I'd say, nice rise after yesterday's drop

[qs99] 08/12/2016 14:26

nice move up....despite CP hovering ....

[erric] 08/12/2016 14:09

easy ..tiger......

[cufes2] 08/12/2016 13:28

Tedoby2

Out of interest where is the major shareholding notification you claimed was imminent a number of months ago . . .

[rafboy] 08/12/2016 13:21

Won't take much to start us heading north once more. Slight increase in the offer but the bid remains at £1.32, a couple more buys should see that move too.

[husbod] 08/12/2016 12:58

Compared to HAA who over-promised and under achieved.

That comment is a defimite case of litotes

[scargs] 08/12/2016 12:41

SuperBobTaylor

HAA is a super optimist and that may well explain his 15mtpa prediction.

I spoke to Alberto re the mine's capacity and he said that circa 10mtpa was achievable with current infrastructure but an increase to 12.5mpta would be subject to a detailed study.

No doubt Alberto will increase the production up to 12.5mpta.

Always remember that Alberto under promises and over achieves.

Scargs

[husbod] 08/12/2016 12:30

Gosh, my admiration for credit suisse knows no bounds.

I wish I was as clever as them. Just imagine the level of intellect required to predict the price of copper in 2019.

Obviously their monkey's dart hit the bottom of the sheet of paper showing all the different prices copper could be in three years time.

PS Thanks for that post tedoby.

[superbobtaylor] 08/12/2016 12:06

Thanks tedoby2.

HAA was going to run the plant at 15mtpa so not sure what AL is playing at.... ;-)

SBT

[tedoby2] 08/12/2016 11:51

LLB FWIW I believe there is a correlation between the cu price and the share price But it's not straight line or straightforward unfortunately. I wish it was.

In terms it's relationship is the inverse of exponential which is the natural logarithmic function f(x) = ln x.

In simple terms:-

If the cu price was say $2.00/lb and the profit was $0.20 then an increase of 10% in the value i.e $.20/lb would effectively produce an increase in profit in % terms of 100%

On the other hand if the cu price was say $3.00/lb and the profit was $1.20/lb then an increase of 10% in the value i.e $.30/lb would effectively produce an increase in profit in % terms of just 25%

Where we are just now a 10% increase in the price would price of copper would increase profits by around 30%.If the figures we're given are about right

Perhaps a better way of looking at the share price values would be to consider an EPS calculation and use a reasonable P/E ratio. I personally don't like EBITDA.

I believe Alberto isn't just considering new projects.He has an expansion of PRT in his mind as well to get us to around 12mtpa throughput. The electricity supply to site is just about ok. Water supply is as pinch point as is crushing but I believe he has a plan to deal with both. I imagine CAPEX could be met out of WIP at the current cu levels and AISC's should come down naturally through economy of scale.

The options on the adjoining land weren't taken on "best value" principles and the space wasn't needed for a future tailings expansion. So I don't believe he has those in his plans at the moment. But obviously that could change if the costs were less.

Interesting times!

Not sure if any of this helps and AIMHO

GLA

[laurence llewelyn binliner] 08/12/2016 09:28

We have had a month selling into $2.50+ Copper tomorrow (09th), an early bonus for us to put another $6M + EBITDA in the till which will start to add up very quickly.

Great to see Copper holding up too, with every report bar 1 ..!, expecting continued upward trend in Copper, +10% equates to +50% on profits (1:5).

Using this metric, and looking for some correlation +15% on payable Copper, equates to +75% on profits, = +75% on the share price from 80p to 140p which is about where we are..?

[iankn73] 08/12/2016 09:10

you're going to end up in the sin bin RP. :-)

[rougepierre] 08/12/2016 08:42

Better than being a master baiter, as some can be... ;-)