There you go £4 hit. |
Tracker funds struggling to buy shares ahead of likely promotion to FTSE 250 index. |
Weaker US$ will have helped.. |
Copper price spiked in the last week, any views on why in particular please? DYOR & Thnx |
Looks like £4 might be today |
QS99, There will have been lots of objections, they highlighted the support. |
Nice strength again at end of the week, looking good for seeing us through £4 again DYOR next week....let's hope that is true about the no objections etc. |
good find. |
So poorly followed, no bad thing I guess. |
Good find Waterloo01!! |
Public consultation ended 31st Jan
Beatriz Muñoz
Santiago de Compostela — February 3, 2025 6:44 p.m. Updated on 02/03/2025 19:02 h 1
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Cobre San Rafael, the company that wants to re-exploit the Touro - O Pino mine, has deployed a strategy to counter the criticism and social opposition to the project: it claims that its plans have received 6,000 objections in favour. With the deadline for public disclosure having just ended - on 31 January - the company has sent a statement to the media in which it uses this figure, calculated based on the data provided to the company by the associations that promoted the objections in favour, to maintain that there is “significant support for the project”. Its version is that “the majority” of the signatories are local residents. |
Think we'd see a much bigger rise on Touro news. It doubles the known resources and the copper is essentially near surface in slabs. One day. They have certainly been patient to date in gaining permissions.
Edit: Given the below story, might we hear this quarter? |
CAML isn't. |
Everythings going up apart from ATYM .... |
Somebody has got their slide rule out and price is being pegged. |
Interesting piece here on beneficial impact of Renewables on Electricity prices in Spain. Tailwind now for Atalaya?, additional to the Solar Farm:.https://substack.com/app-link/post?publication_id=10802&post_id=153301964&utm_source=substack&utm_medium=email&utm_content=share&utm_campaign=email-share&action=share&triggerShare=true&isFreemail=true&r=191o22&token=eyJ1c2VyX2lkIjo3NTY2MDU1NCwicG9zdF9pZCI6MTUzMzAxOTY0LCJpYXQiOjE3MzczNTY1MDYsImV4cCI6MTczOTk0ODUwNiwiaXNzIjoicHViLTEwODAyIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.eQ0hFqbptbLVTXL_a2FVWi6qoHhEnyR4BmsUoE2GYOU |
A disappointing set of figures INMO, Phillis. Hard to pick out positives on the production front.
Despite the expected increase in grades of +14% there was a reduction of 9% in recoveries!
The explanation for a 10% drop in annual production "as a result of lower grades and recoveries" is unconvincing given the fact that grades INCREASED!
Guidance for 2025 is "steady as she goes" - a mantra we've become accustomed to.
The "key catalysts" that Alberto refers to seem to have been key catalysts for several years.
I'm afraid I'm less bullish at the end of 2024 than at the beginning.
However, the business is sound and remains a leveraged play on copper which is what attracts many investors, myself included.
The price of copper has fallen 20% since May. A return to these levels should bring an share price recovery to ca 450. All in MHO. |
waterloo01
You have made a very valid point about the grades improving. Thank You. |
Steady as she goes. Grades improving which is good. |
Mr B
Anything of particular note in this update? |
tightfist I can see a nice rounded bottom forming with a distinct double bottom and breakout above the neckline located along say 380 area (Nov 6, high) once this gives way the 425/450 are instant targets based on a measured move. GLA hope it helps 👀 |
robmcelf2.
Your comment about ATYM being eligible to enter the FTSE 250 Index at the end of March 2025 is very valid. I think the ATYM share price should appreciate between now and then solely on this alone.
In addition there is Truro, the end of the Public Consultation period is imminent, and hopefully a gradual increase in the copper price. 2025 has the potential to be a good year for the Company's share price.
Looking forward to the Q4 figures and the Annual figures. |
So now that the redomiciling to Spain is complete with a little share price appreciation, ATYM can be admitted to the FTSE 250 index in the next shuffle which I think is assessed end of March and that should give us a little boost. |
Q&A: Dreaming again..... I like Alberto's no -nonsense style, seems in contrast to the sluggish delivery of his projects people IMHO..Incidentally, to chart-watching PI's, does this look like a nascent inverted H&S to anyone else? |
Should get production figures next week - Wed or Thu I reckon. Let's hope there was a good end to the year. We are also now through the public consultation period for Touro so am assuming we might get an update on that next week too. Finally would be great to have confirmation Solar farm all up and running and ELix fully ramped up. Or am I dreaming! |
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