Share Name Share Symbol Market Type Share ISIN Share Description
Atalaya Mining LSE:ATYM London Ordinary Share CY0106002112 ORD 7.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 140.50p 139.00p 142.00p - - - 0 06:30:43
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 83.8 -0.1 8.8 15.0 163.93

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Date Time Title Posts
20/8/201716:45Atalaya BB without the idiots8,469
06/7/201716:26Atalaya Mining - Debt free Spanish Copper producer31
22/11/201618:54ATALAYA MINING - Spanish Copper (ex EMED)2,383
09/3/201618:50Atalaya Mining - Debt free Spanish Copper producer961
17/2/201614:09Copper-bottomed Dream7

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Atalaya Mining Daily Update: Atalaya Mining is listed in the Mining sector of the London Stock Exchange with ticker ATYM. The last closing price for Atalaya Mining was 140.50p.
Atalaya Mining has a 4 week average price of 123.50p and a 12 week average price of 110.50p.
The 1 year high share price is 166p while the 1 year low share price is currently 76p.
There are currently 116,679,555 shares in issue and the average daily traded volume is 103,347 shares. The market capitalisation of Atalaya Mining is £163,934,774.78.
rougepierre: Bloomberg TV have just featured a major chart showing that "inflation adjusted copper" has broken sharply up out of a downtrend dating back to 2010!!! And surprise surprise, the hook at this end looks almost identical to the hook up in the ATYM share price...
acamas: rp, My opinions and comments have little effect on ATYM's share price. It is Traf's silence and non action towards the share price. They could if they wished be more proactive towards boosting the share price. To me it seems right now they do not want to engage with the share price for whatever reason. Plus I do attempt to be factual and offer a balanced view to the problem
acamas: llb, One item nobody can Challenge is the imbalance between the Company's progress and the share price slumber. To return to old money we sit at 3.86p per share. When viewed against all the good news over the last 18 months and your posts on what is still to come. It just fails to add up. OK you can place Astor on the table as a problem but it is a known. Just when is this share going to be released from its chains 6 months, 1 year or 2 years ahead? Plus how will Management go about making themselves very rich. They do not seem to be bothered about momentum and the share price currently. Is 27% free float sufficient to effect a 3 to 5 bagger in the share price? Or will they need to release or introduce more shares? It is true The Market does not like uncertainty and we might well have it in trumps here
langostino: rp - bb piffle neither damages nor enhances a share price. If supporting the share price is the reason you outpiffle the rest of us put together you are wasting your time. Play more golf. The share price will still do what the share price does.
acamas: LLB, You would think that having read your post there must be other shrewd people about looking at our current share price and thinking it is some bargain because I would not challenge the facts in your post; plus The Brokers forecasts are just the other side of 200p so why is the share price not slowly climbing from the shrewd buying of investors who are wise on mining stocks. Something fails to compute. Good company rotten share price. Buy the shares now, stock build there is 27% in free float. So why is the price not slowly climbing?
laurence llewelyn binliner: #HG, the BOD and management are of course interested in the share price, they are mostly shareholders after all.., but their job and primary concern is the building and expansion of the company, and in turn driving profits, some of which will ultimately be distributed back the shareholders through dividends, this is exactly what they are doing, and we've also been told how they plan to do it.. The BOD and management do not directly control the share price, the market does, and currently the shorts/sellers are driving it down.., most likely a fund with plenty of shares, but this strategy will hit its target and the share price will change direction when they buy in again, we just don't know what their target numbers are yet.. We have only recently raised and spent £150M to build the mine/plant, clearly with the market Cap lower than this it is undervaluing the company, and this doesn't include the 43-101 $445 NPV, nothing for the PRT expansion, and nothing for Touro.. Our II investors want dividends as much as we do as they act as a further discount mechanism to their off take agreements, which at the current -2.5%, would most likely double or more over time with dividends. As PI shareholders, we are but passengers, and just have to ride it out let it unfold, the tide will turn, the only unknown is when..!
rougepierre: Hi SBT and others...please read the following carefully... I've read every one of small holding's recent posts and also gone back and re-read every detail of the Q1 Results RNS. Apart from disgracefully failing to RNS the Astor Appeal for a month after it was lodged on 25 April 2017, there are some very revealing facts in the Accounts. Collectively these lead me to the conclusion that small holding is right that no payments will be made to Astor during 2017; further that this is a clever plan by ATYM almost certainly orchestrated with Indeed, given that the Company expects the Appeal to be resolved by the end of Q3 2017, this leads me to be certain that the plan is not to create a precedent by starting payments; and 'squeezing' Astor up to and beyond the Appeal. Furthermore, if profits are being restrained until after the Appeal, then ATYM will have the potential for a Bumper Q4 profit and cashflow to announce, either to soften the final Astor blow or, if the judgement is favourable, to give a double whammy boost to the share price .. 1 SH suggests that the Inventory is being deliberately built up and that may continue for the rest of the year. I concur completely and would go further, suggesting that production is being held back, for two reasons: First, I agree with SH's suggestion that this is a means to keep profits and thereby available cashflow down, so that Astor payments are not triggered. Second, on all reasonable expectations (and especially the Board of ATYM), copper prices should be significantly higher in a year's time. If copper trends higher during 2017 then we will be selling the accumulated inventory at a higher price than now and thereby making more profit. I believe the Board took a view on what sort of profit figure was acceptable for Q1 and left the rump in inventory. Remember, the Accounting Principle is that stock is valued at "the lower of cost or net realisable value"...i.e. in this case, cost. That leaves all the profit for the future. This also may explain the puzzlement about why the AISC isn't dropping. So...Cash cost is 1.83 (which means inventory value is low) and AISC is 2.15 (although it is STILL projected to drop to $2.00/2.10 in FY 2017...) So...profit is not accounted for until Inventory is sold; but the balance of AISC (i.e. $0.32) is accounted for as incurred, i.e. right now... So that's the first part of the ATYM Plan: keep profits reasonable, but defer as much as possible by means of building up Inventory, so as not to trigger Astor. But it goes much deeper than that... just read this core element of the Judgement carefully... "the Judgment requires that, in accordance with the Master Agreement, ARM must apply any excess cash (after payment of operating expenses, sustaining capital expenditure, any senior debt service requirements and up to US$10 million (for non-Proyecto Riotinto related expenses))" So there we have the incentive to make the Sustaining Expenditure as high as is reasonable until the Appeal is decided... There are no "senior debt service requirements", BUT.... ATYM is allowed to pay "operating expenses" before the Astor payments are triggered... And guess what...small holding has quite rightly identified that there is a "Working Capital deficit", but he has missed a very much important point... Trade Payables have been built up to a very high level... Operating Costs in Q1 were 11.498 million Euros, but only 7.15 million Euros were actually paid during the Quarter, leaving an outstanding balance of 61.716 million Euros, up from 49.309 million in Q4!!!! Now we have previously assumed that ATYM was using its Trade Creditors to finance the mine and working capital, but there were net Cash INFLOWS of 8.876 million Euros during the period and the Outstanding Cash Balance at the period end was 10.011m, up from 1.135m.... summary, it looks like ATYM has, with the support of all its major shareholders who have off take agreements, deliberately kept 19.434 million Euros of stockpiled copper (up from 6.195m!!) so as to defer profit and net cashflows... With the agreement of its Trade Creditors, deliberately held back payment they could have made, so that Trade Payables could easily exceed net cashflows for the whole of 2017 and beyond, entirely at the Company's discretion... Maximised Sustaining Costs to the highest legitimate level (maybe by front end loading), to keep profits down (but not cashflow, because most are not a cashflow item) And all of the above is legal and legitimate! And if you want the final kicker...while ATYM cannot repay any formal borrowings out of spare cash (they don't have any, anyhow), they can allow a build up of Trade DEBTORS, to keep available cash down...and guess what? Trafigura owes ATYM 4.139 million Euros... And indeed there seems to be nothing that I can see preventing ATYM from allowing Traf to build up this Trade Debtor, nor indeed asking Traf to make 'agency' payments on its behalf, e.g. progress payments for the Touro project... So all in all, this looks like a VERY SMART strategy by the Board and Management of ATYM (no doubt orchestrated by Traf), with just one catch... If it is Trafigura manipulating the share price to keep it down, with a view to a Bid, the reported underperformance would hold back the growth of the share price also and, supposing Traf made their bid after the settlement of the Astor Appeal, they would be getting all the held-up, accumulated value from the build-up of Inventory and the inflation of sustaining costs, and nobody would be the wiser.... And who's on the ATYM Board? The M&A Director of Trafigura.... AIMHO as usual and all observations welcome as usual...(not on the 'conspiracy theory CuFe...we've doe that one to death...)
acamas: LLB, We have always to my knowledge been undervalued. HAA was tub thumping this 10 years ago. However clearing all the potential booby traps out of our path the share price sits currently at 3p/4p old money. When one considers it was once at 20p old money or £6 by todays Then 128p looks like the bargain of the year or the dogs dinner. Without liquidity in The Market for this share I cannot see anyone rushing to purchase until Astor is out of the way and Tuoro is profitable in its own rights. Even then if our 4 major share holders stay united I do not see how an outside party can get a piece of the action. That is the chief reason for my departing the scene. There are two elements here The Company and The Share Price. Whilst The Company is good for the II. The share price is suffering a malaise. I fail to see harmony between The Company which has momentum and the share price which does not Please challenge my thoughts
acamas: MDS, Because they are good production managers but when it come to Marketing they could not sell an igloo to an Eskimo but why should they when all the igloos they can make are destined for other places. They do not have to market their produce and do not seem bothered by the share price peformance because they have no debt so no Bankers chasing them to do something about the image of the company via the share price performance. That is my pitch on it and please shoot holes in it to offer up better share price performance during the remainder of 2017. Like seeing the share price double! Regards Acamas
laurence llewelyn binliner: There is a disconnect between the share price and fair value for sure Erric.., I'm just adding each year, it's always been a 10 year project here for me from 2010's ISA day.. Demonstrating we are a profit centre through results will help put us on the map for sure, will it set light to the share price .? I doubt it, but each quarter we are adding value now, and will be reducing our debt to Astor, it might take another year or 2, but sooner or later fair value will align with the share price . The share price is driven by buyers vs sellers, the company gets on with the job of adding value, and 1 day this gets noticed, from what I see, this is exactly what they are doing.., and doing a cracking job of it too.. 80% of Touro is the next pipeline project, 3-4 years out from here the Astor debt will be gone, and we could pretty much fund Touro out of cash @ the current Copper price, with $3.00 Copper it's done..! Many LTH's have been here as long or longer than I have from 2010, and it's been a very painful journey, but the fact is, the real journey into prosperity only began Jan '17 from full production capacity.. Q1 2017 run rate/tonnages/concentrate % / recovery rate/plant efficiency data mid April FY 2016 financials mid April Q1 2017 financials mid May.. all 3 perfectly timed for ISA bargains tomorrow..!
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