Atalaya Mining Share Discussion Threads

[manfrom] 07/3/2017 16:11

Copper still tanking?

[acamas] 07/3/2017 15:58

Looking at the chart we need to break the 145p barrier and sustain that break. If we do then we are onto in excess of 160p no trouble at all in saying that. But we are struggling to break free of this channel. Perhaps that is what Mr 5000 is doing keeping us in this channel which looks like a flag to me on a larger chart

[waterloo01] 07/3/2017 15:47

So am I. Might be fooling myself but I see this as a low risk investment, I am however not as long in the tooth as some and am not sitting on loses.

As for the Spanish. True the Junta and Harry didn't get far, but since Alberto, things have moved much much more smoothly. Corruption however is an issue everywhere, including here in the UK.

I'd also point out, if you read the judgement and or listen'd to his testimony, Alberto came across as trustworthy,honest and in command of the detail, something the (very British) judge clearly appreciated.

Not sure I've much more to add and am now probably posting too much. Cheers

[spcecks] 07/3/2017 15:35

I'm still quite happy to hold the shares.

[poleaxe] 07/3/2017 14:54

Look's like the honeymoon is over with this share.

[shortarm] 07/3/2017 14:42

Shafting??Have you read any posts at all/understand what Astor wanted? What sauce would you like with that hat?

[midyson] 07/3/2017 14:26

EMED/ATYM is the worst investment decision I have made in 10+yrs, having held for over 5yrs I am fortunate to not need the money hence I havent sold up for a 50% loss. The fact that they are trying to shaft one of their major investors will ensure that no-one will touch them should they need any future project funding. I have tried to stay positive but I see mistake after mistake with this company irrespective of who's at the helm. If in 1 or 2 years we are paying a dividend and PI's have been rewarded then i will eat my hat, but I expect that if i went away and returned in 24months time i would still be reading the same old fairyland posts and our share price will still be stagnating in the low 100's.

[waterloo01] 07/3/2017 14:24

Dust will settle and cooler heads prevail. Time as they say is on our side.

[mronions] 07/3/2017 14:23

probably true that Astor never really interested in mine surviving, but rather protect its promised money from selling bankrupted business to Harry in the first place.

[mronions] 07/3/2017 14:22

there will be some interesting accounting games going on
- risk Astor will wait and see if can challenge next couple of results on grounds on creative accounting to disguise clear profits and delay payment ... before Astor get negotiating / sit at a table
- both sides clearly hate each other now

[langostino] 07/3/2017 13:48

It is clear that in this life Trafigura was never going to release money to their old enemy without a court order. Now they have it, and Astor had no choice in taking action. It will be interesting to see to what extent the judge recognises this in allocating costs, if we ever know. Reading the ruling I was horrified to see revealed the shoestring operation I was invested in. Trying to disguise so-called 'excess cash` from a fully producing mine in future quarterlies will be negative for the market, so there will be sufficient transparency for the judge's writ to be exercised. Expect Trump-like rage and unpredictable behaviour from our controlling shareholder.

[poleaxe] 07/3/2017 12:56

Sithuk - of course a divi. can be paid, but will it, it seems to me that monies are already being ear marked for other projects and existing debt, Poster's have already stated that this is no normal mining company, the big three can do what ever they like.

[husbod] 07/3/2017 12:25

I wonder when RTZ started up whether they paid dividends in the early years. This is a growth stock guys, get used to it. If you want divis go and buy Lloyds or Glaxo.

[sithuk] 07/3/2017 12:23

Poleaxe: the Astor payment is cleared with about one years post tax profit at current cu price and current production levels.Our life of mine is 15 years at current identified resource level.What assumptions are you making that mean no dividend can ever be paid?

[midyson] 07/3/2017 12:12

and back down she goes, all gains from yesterday already wiped out

[poleaxe] 07/3/2017 12:10

Waterloo the key point is that the pi's are stitched up, who in their right mind would buy this share, no divi in the fore see able future if ever, this will just be a trading share making a bit of money on the up's and down's. I wonder if Liberty knew that they would not be getting a divi. until Astor were paid off. Then,again it may be them who are selling the 5000 batches.

[mronions] 07/3/2017 12:07

what does vanhelsing have to say? happy with this. buy back in ?

[mronions] 07/3/2017 12:07

is Caching pigeons on this board under a different name ?

[mronions] 07/3/2017 12:06

@rouge : "Meanwhile Touro is a completely separate entity. The up to 80% share stake could be held directly by our parent or another subsidiary, thus enabling us to borrow money to develop it to the point where it starts throwing off its own cash."

I hope our parent company does not own ... that means we own nothing ... we want ATYM to be the holder . Correct me if I am wrong ... but EMED Holding is outside our control ... we have debt inter company loan.

Where are our shareholders ? Traf ... they are at Atalaya level I hope, or have their shares been folded into a joint holding that can do business outside Atalaya ?

We now have to wait for results ... but company will be motivated not too show too much excess profits until reaches an agreement with Astor.

[waterloo01] 07/3/2017 12:04

By this time next year, especially if copper holds up and a full year at max production we should be able to pay them off in one go out of profits.

As such they could start dividends in 2018/19 and by 2020 with Touro coming online we could be on the road to producing 15mta+ and that should produce a very healthy dividend going forward.

If we hadn't just announced Touro (which I think is a bit of a coup)we'd be talking about how dividends would be one year later than hoped but that we would be truely debt free. Perspective.

[charlieeee] 07/3/2017 11:52

Of course not: it just ring fences RT cash until Astor are paid