Atalaya Mining Share Discussion Threads

[laurence llewelyn binliner] 08/3/2017 20:56

It's not my best 1 either HG..!

But, as with any business, value comes along with results not with big dreams, chasing rainbows and empty promises, but with demonstrating that your business strategy works by posting profits.., we know that FY2016 was close to scratch, and we know that Q1-2017 is profitable to the tune of $4.5M per month.

So Q1 will show around +$13/14M gross profits, it's taken years too long but finally we are in the profit zone, and once posted it will put us on the map as a profit generator, instead of a loss maker..

After so many years of pain holding this through permitting/financing and a high court case, now is not the time to run out of patience IMO, it's a tough one for any forced sellers, but if you don't need the £'s, FY2017 has to see some of the value unlocked with $50-60M of profits and value adding to the share price .



Three-month copper fell 1 percent Tuesday to $5,858 a ton on the London Metal Exchange. Even with the recent gains, copper trades at almost half the price reached in 2011. Prices may climb above $8,000 a ton before the end of the decade, Citigroup forecasts. Estimates compiled by Bloomberg predict a median price of $6,414 a ton by 2020.

“The dramatic capex crunch in the copper mining sector since 2012 has eviscerated the copper project pipeline for much of the remainder of the current decade," analysts led by David Wilson said in the Citigroup report. The market is headed for a shortfall of 327,000 metric tons in 2017, rising to 600,000 tons in 2020, according to David Lilley, co-founder of RK Capital Management LLC and one of the world’s top copper investors

[acamas] 08/3/2017 17:42

Reba,

This share is desperately attempting to move above 145p. There is a battle going on between buyers and sellers. Which I hope the buyers will succeed. Once we move above 145p the next resistance level is 168p after that we are past £2. Now lets see if I can read chart movement.

However should the sellers win then 130p becomes the support line

[gcpinc] 08/3/2017 17:38

Interesting late trade of 40k at 145p !

[laurence llewelyn binliner] 08/3/2017 15:38

#Husbod, O/T but that didn't take long did it..

2015 Directors dividends grossed up 10% but tax free up to basic rate tax threshold
2016 reduced to £5K then 7.5% up to basic rate tax threshold
2017 reduced to £2K 7.5% up to basic rate tax threshold
2018 Zero tax free dividends, all taxed at 7.5% up to basic rate tax threshold..?

For 2017/18 we gain 1% on Corp tax, + £500 personal allowance up to £11,500 + basic rate tax goes up to £33,500 (£45,000 total).. so on balance a director/company owner is about evens after the budget..

So far.. dividends from inside an ISA are tax free, but how long for is any ones guess.., not that this is going to be any use after ATYM's dividends just got kicked down the road some..!

[husbod] 08/3/2017 14:04

Thanks Hammond. Another reason not to bother with dividends. So glad this is a growth stock or at least should be.

[rougepierre] 08/3/2017 13:46

My apologies for not having your diligence...so what did you buy at? And how has the chart not correlated with positivity since...?

Thanks for the PDZ rec...I always take some time researching before investing and I also had to free up some short term trading funds from ATYM...

Cheers

[cufes2] 08/3/2017 13:35

LOL . . . I did tell you about PDZ weeks ago . . .

As I've said before I tend to trade the chart here . . . I've given a few buy and sell calls here over the years and had quite a bit of success . . . Here's one you forgot again . . .

CuFeS210 Nov '16 - 11:34 - 3631 of 6121 3 0 Edit
Rougepierre

Well done for all your hard work over the last few days . . . However, don't forget the chart over the longer term and the correlation (or not) with your longer term positivity . . . As I said, the share price was range bound . . . But as soon as it went through the 90p area it was a buy for me . . .

[rougepierre] 08/3/2017 13:30

Continuing in my search for where to reinvest my ATYM proceeds when I sell half...

Just bought PDZ...coking coal at $4.60/tonne cf imported Oz coal at $37...

Deffo one for the 'man drawer'...

AIMHO as usual...

[rougepierre] 08/3/2017 12:44

So to summarise the current position as I know it...

Peel Hunt upped from 175 to 190 on 11 Jan and reiterated the Buy on 23 Feb

Cantor Fitzgerald reiterated a Buy at 217 on 24 Feb and upped this to 239 on 7 March, AFTER the Astor judgement...

Canaccord Genuity upgraded to a Buy with a 195 target on 5 January and restated this on 6 February

FinnCap restated a Buy and 209 on 11 October and reissued on 16 January

On 24 November Mirabaud reiterated its Buy and 175 target with this detailed note, which has since been eclipsed by achievement of 'nameplate' capacity:

hxxp://www.shareprophets.com/views/25482/atalaya-mining-at-139p-worth-175p

On 18 November, Zak Mir said "I am looking for a big target here, as high as 160-170p over the next few months..."

In addition, the following Brokers are following Atalya...

BMO Capital

Brandon Hill Capital

Investec

Numis Securities

RFC Ambrian

S P Angel

Whitman Howard

Now that's 12 Analysts in total...they all have Institutional as well as private clients...

Surely that should convince the doubters going forward...?

AIMHO as usual...

[rougepierre] 08/3/2017 12:15

"He had to average down..."...to the point where they're approaching treble the average cost...

What was your reasoning for not buying when EMED hit 80p...or when it hit the second time...or even below that as some of us did...?

And did you start on 9 November at 90...10 Nov at 108...11 Nov at 122...or 24 at 154...?

Hindsight is a wonderful thing and it is virtually impossible to catch a falling knife, but I'm glad I started buying GLEN higher than I did...and EMED higher than I did...but never lost faith and invested 10 times what I've ever invested in any other share...

Please forgive me for being endlessly bullish...the story of the last 6 months and the scenario going forward justify it...

You can tell people when NOT to buy in your opinion, but can you tell them when to sell and when to buy...?

I say again...I'm very fortunate to have come to EMED relatively late, but its been over 3 years now and the story just keeps getting better...

Best wishes

[rougepierre] 08/3/2017 12:05

Don't know why that happened...

hxxp://www.stockmarketwire.com/article/5508087/Broker-Forecast-Cantor-Fitzgerald-issues-a-broker-note-on-Atalaya-Mining-Plc.html

[cufes2] 08/3/2017 11:33

SBT

IMHO the upside is limited ATM due to the court ruling but the the chart doesn't look great on the donwside with copper falling as well . . .

[cufes2] 08/3/2017 11:27

Shortarm

I suggested rougepierre was taking a risk with GLEN when he first started buying . . . I was correct and he had to average down again . . . I suggested EMED was a sell prior to the share price hitting 80p . . . I was a buyer after the US election as I said on here . . .

[superbobtaylor] 08/3/2017 10:56

Not showing RP. Can you post again.

[rougepierre] 08/3/2017 10:14

Cantor 237p link...

[...]

[...]

[waterloo01] 08/3/2017 10:09

Not seen the Cantor note. Do they give any reason for the change?

[rougepierre] 08/3/2017 10:06

This is encouraging...have we hit the perfect storm....?

[shortarm] 08/3/2017 10:06

Cantor Fitzgerald actually upped the target to £2.39, not £2.37Every little helps :-)

[rougepierre] 08/3/2017 09:12

Just bought back into JLP...

[superbobtaylor] 08/3/2017 09:12

Agree with you on all counts Acamas. Full year and (more so) Q1 results now crucial I feel.

SBT