Atalaya Mining Share Discussion Threads

[nedludd] 17/5/2021 15:22

If this happens it could have a dramatic effect on the copper market. https://www.bloomberg.com/news/articles/2021-05-17/a-push-to-tax-the-copper-boom-is-spreading-from-chile-to-peru

[qs99] 17/5/2021 07:52

great, wonder what $5+ would mean for our copper company share prices?!

[farnesbarnes] 17/5/2021 07:25

A mate at Outotec has copper +30% by y/e.

[qs99] 16/5/2021 11:39

Think all copper miners should be due a decent re-rating IMO and especially ATYM....this bull run in CU prices IMO won't slow down and even if it consolidates around this level, the EBITDA generation should be v. material. DYOR and looking to bag here and CAML, TKO and JLP as my main holders, with progress and yield on RIO and GLEN DYOR Cheers Qs99

[rogash] 16/5/2021 08:34

Those are the same figs. I get Pollysmate except euro cents not pence, still same pe 3.5. I would also expect this to be very conservative.

[fast lane] 15/5/2021 18:38

https://www.kitco.com/news/2021-05-11/Accounting-errors-causes-LBMA-to-overstate-silver-holding-by-3-300-tonnes-during-March-Silver-Squeeze.html Accounting errors cause LBMA to overstate silver holding by 3,300 tonnes during March Silver Squeeze. Similar manipulation with copper I suspect.

[pollysmate] 15/5/2021 17:19

Looking at results here look excellent too me. Am I reading this right earnings of about 21p a share when copper lower than it is now so could be looking at about £1 a share for the year for a pe of about 3.5 or is that too simplistic because looks cheap as chips to me.

[qs99] 15/5/2021 16:53

Great so may see some demand for the shares Monday?

[mip55] 15/5/2021 16:34

Took me more than ten minutes Tommy ! But,yes,fascinating article - particularly the cut -off grade explanation of how producers seemingly increased their reserves. https://f.hubspotusercontent40.net/hubfs/4043042/Commentaries/2021.Q1%20Commentary/2021.Q1%20Goehring%20%26%20Rozencwajg%20Market%20Commentary.pdf

[tommyttrades] 15/5/2021 16:12

Any ideas on what we're receiving in royalties for silver ? Smelting costs down from last year also . If you have a spare ten mins, well worth a read Why we'll have a structural deficit, reasoning behind $15,000 copper, why reserves are depleted vs new mines coming onstream etc.. Link won't work, sorry.. [...]

[estienne] 15/5/2021 11:48

From the II article: This week, we’ve put together a screen that simply looks for mining and metals industry companies that qualify as “Super Stocks”, which means they rank at the top of the market for their exposure to: high quality, attractive valuation and strong momentum. There are currently eight companies that achieve it. We’ve sorted the list based on how close they are currently trading to their 52-week high prices. Most of these stocks are within a few percentage points of their one-year highs, but as is common, many of the price/earnings (PE) ratios look modest given the amount of money some of these companies are making. Their cyclical nature means they often trade at a discount, with investors pricing in the uncertainty that comes with the sector. Copper project developer Atalaya Mining ATYM 0.28% leads the list, which includes industry giants such as Rio Tinto RIO 2.68% and BHP Group BHP 1.29% through to small-caps such as Sylvania Platinum Ltd SLP 1.48% and Gem Diamonds Ltd GEMD 2.08% .

[robmcelf2] 15/5/2021 07:37

Great week for AtYM this week on the back of fantastic Q1 numbers and next week hoping for strong updated reserves and resources report. Also hoping that may propel us to £4. Dyor. Good luck all.

[leopoldalcox] 14/5/2021 23:38

CAML, although mixed base metals

[estienne] 14/5/2021 22:19

From the IC You don't have to look far to find an article pointing to the yawning gap that is developing between supply and demand in the copper market. A recent column by Richard Mills on KITCO pointed out that a battery-electric vehicle contains around 83kgs copper compared to between 8-22 kgs in a conventional car. If, by 2040, current forecasts that 30 per cent of the total global car fleet of 1.6bn are electric prove correct, "that will require 42.5m tonnes of copper, which is about twice the current volume of copper produced by all the world's copper mines." Goldman Sachs published a note, "copper is the new oil", in which it forecasts that during 2021 copper will hit $11,000 per tonne ($5 per lbs) versus current $9,600 per tonne and could hit $15,000 per tonne by 2025. Jefferies released a report which concluded: "The copper market is heading into a multiyear period of deficits and high demand from the deployment of renewable energy and electric vehicles". Last week, Ivan Glasenberg was quoted in the FT saying that the copper price needs to rise 50 per cent to encourage enough new supply to meet projected demand. Much of what holds for copper applies to other metals as well. Nickel, zinc, and cobalt are all used in batteries, and demand is likely to far exceed the supply of these "green" metals. After such a strong run, there might be a risk that shorter-term speculators book some profits, and prices fall back slightly. I think, however, the medium-term case for maintaining a decent exposure is compelling. The resources sector makes up around 16 per cent of the FTSE All-Share. If after achieving one's primary objective of making money, the other is to beat the Index, this might be the year where having high exposure to industrial metals and mining might pay off.

[mip55] 14/5/2021 16:44

Interactive Investor have an article culled from Stockopedia entitled 'These mining shares are leading the commodities surge'. ATYM leads the list. Won't let me copy it but worth a read.

[aldermana] 13/5/2021 18:13

I can't believe that the share price didn't rocket higher on that news. Tried to buy some more this afternoon, but couldn't get any through my broker for over an hour. Will try again in the morning!

[huncher] 13/5/2021 14:18

See China reckon they can put a lid on commodity prices.

[qs99] 13/5/2021 12:59

Maybe we have a seller in the background as amazing results, with copper materially above Q1 prices for the last 6 weeks, EV/EBITDA of under 3, yet we are off 11p? Makes no sense! DYOR

[qs99] 13/5/2021 11:00

CU price in these results was $3.62, the current spot is $4.7 and has been over 4 for APril and all of May so far so at least 30% higher on average than these results. Wonder how much of that will drop through to bottom line and when they can start returning value to shareholders via yield / buy backs etc? Or greater clarity on Touro and self-funding it DYOR

[robmcelf2] 13/5/2021 10:57

£3.50 now acting as the floor hopefully? FTSE having a down day.

[brockwl2] 13/5/2021 08:15

Yes indeed great results. With even better to come. I was previously surprised when they had taken a loan to repay Astor. However with the appeal coming, it's now all about determining what excess cash means. Seems to me if you have to take a loan to safely repay your debts, then you clearly couldn't pay them from excess cash. The fact we took a loan makes it very difficult for the court to find against us. Once again I'd suggest that they have played a blinder. gla

[qs99] 13/5/2021 08:08

So EV is c.£487m and cash should continue to build IMO EBITDA is c.£41m for Q1 alone so lets assume £170m for the full year (should be more as copper prices materially over the spot for Q1, indeed I would suggest it could be as high as £200m+, so the EV/EBITDA is just over 2 Anyone? Am I missing key bits? Or is this just still ridiculously cheap? DYOR Cheers QS99

[robmcelf2] 13/5/2021 07:41

We just made 70% of total 2020 EBITDA in one quarter!!!