Atalaya Mining Share Discussion Threads

[canaries2] 25/10/2016 16:31

Manfrom

Copper isn't up 20% today, recheck your facts please.

Re 5000 seller I believe he has completed today or very near the end. But not exactly a large seller though 10 x 5000 shares is only 45K or 20 times only 90K shame we don't have any decent buyers to soak them up easily.

Oh well sad to see but longer term it'll be fine.

[manfrom] 25/10/2016 16:21

So, we have all the permits, all the workers, all the machinery, all the copper approaching nameplate figures and the Bid price on this share NOW is the lowest it has been in 2016 to date. WTF is that all about????

Oh! and copper is up 20% today!

[waterloo01] 25/10/2016 15:57

Or maybe it's this. Alberto's really Russian (uncanny look alike).

[rougepierre] 25/10/2016 15:54

It looks to me more like someone rolling over their shares piecemeal...lots of matched trades...?

I agree on Directors' Buys...very disappointed the FD hasn't bought any...yet...

[husbod] 25/10/2016 15:53

Cheers Acamas although I am not sure I follow. To me the share price clearly shows the guy is simply off-loading. There is no suggestion that he is buying back in any shape or form (eg crystallising losses for tax purposes and buying back in a trust even allowing for the gap required in the respective trades). But he has been much more active today so maybe he is getting rid of the final tranches - either that or he knows bad news is around the corner and he is getting out as quickly as possible.

Alternatively, if he is a private individual he could be going through a divorce/in financial difficulty and is a forced seller.

Who knows.

[waterloo01] 25/10/2016 15:47

I guess if directors don't buy now, they never will! Not Orion, they would not unload peace-meal, but must be a holder of some quantity. Anyone heard anything from Harry of late. Doesn't he still hold some?

Any noises from Huelva. Are they kicking up a (dust) storm?

Sooner they announce profitability, better grades, director buys (ie the things in their control) the better.

[acamas] 25/10/2016 15:34

I tend to believe somebody is trading their average price per share down each week. Because like yourself as ATYM moves to B/E and then profit now is not the time to be a seller

[husbod] 25/10/2016 15:21

Agreed LLB - it's not logical but neither is is logical to sell at all at this time imo.

It looks as if the seller is now anxious to get rid of whatever amount he wants to sell so it is possible that the overhang could be removed shortly.

[laurence llewelyn binliner] 25/10/2016 15:11

I can't see Orion selling off, a specialist mining investor, after having done all their due diligence to change direction now just as we are scaled up to max capacity and crystalize losses..?, that just doesn't make any sense to me with Copper now rising again, and in the $2.teens..

Someone is selling 5000 a day tho', and some just went through @ 77p too'..?

[acamas] 25/10/2016 12:32

How about somebody trading the market constantly taking say £50 a day profit whilst still maintaining his block of shares by buying on falling prices and selling into rising prices. Difficult I know but some of these day traders have computers that do most of the work for them.

[husbod] 25/10/2016 11:11

Or it could be Orion - as per van's post. If so they are selling at a substantial loss. Indeed whoever it is, is selling at a substantial loss.

Don't suppose anyone has kept tabs on how much the seller has sold over the last month or so?

Presumably if it's a big holder drip feeding into the market we should get an RNS when the holding falls below a certain percentage.

The good news is that the share price should bounce once the overhang has been cleared.

[reba] 25/10/2016 09:45

Laurence

How can it follow when some pillock is selling 5000 a day continually.
How many more has the idiot got to sell.

[laurence llewelyn binliner] 25/10/2016 08:48

Nice to see Copper rebound overnight... :o) now let's wait and see the how soon the share price follow's..!

[rougepierre] 24/10/2016 10:23

Back to Blighty on Thursday, so couldn't resist buying 5,000 at 80.5p to show willing...

Shocked by all the Astor talk again...

What do you think someone checking in here thinking of buying would do if they read all that...

SP getting hammered...? As LLB has pointed out, at $3.00/lb we would be making $100m pre-tax...

Astor was a contingent liability a couple of years ago...now its not even that...in the unlikely case that the decision goes against us, it is simply an annual cost...it's not going to bust the company...

I know it's frustrating having to wait for the Goose to lay its golden egg, but keeping on talking things down only delays that inevitable day...

Cheers one and all and see you soon...

AIMHO as usual...

PS 30degs in Thailand...lovely people...cheap eats...

[tedoby2] 24/10/2016 10:15

Husbod - excellent! Thanks.

Massaging starts w/c 21st Nov if not before.

GLA

[waterloo01] 24/10/2016 09:14

Thanks for the update lol.

[husbod] 24/10/2016 09:05

Morning men and ladies (if there are any).

I have to say that you have dismally failed in massaging the share price to 120 whilst I have been away researching China.

Anyway here's some interesting facts that will undoubtedly impact the Cu price.

1. Chinese Emperors had 3000 concubines and hence the lack of economic progress for several centuries. Now that there are no more emperors the concubines have to drum up business by way of mobile phones and we all know what component can be found in them.

2. The population of Chungchin is 35 million all of whom seem to have cars and mobile phones/tablets and will need many other goods that will contain coppper.

3. The populations of Shanghai and d Beijing are 25m and 23m respectively and ditto.

4. The area of Beijing is half of the whole of Belgium.

5. There is a massive housing bubble.

6. There are hardly any electric cars so oil will not be superceded any time soon. Indeed I am amazed that there is enough of the black stuff to service Chinese demand let alone the rest of the world.

7. There are however electric motor bikes in Llasa Tibet that don't stop for any pedestrians even if cars occasionally do. They're lethal silent killers.

8. I suspect some of the wine might also contain copper as it did taste a little metallic.

For a copy of my full report on the Chinese economy please send £1,000 to my Cayman Island account details of which will be sent to all interested parties (apart from HMRC).

[laurence llewelyn binliner] 23/10/2016 20:41

Very interesting follow up article on III by SH today, on the worlds largest south American Copper producers being hit by cut backs, union strikes, new government legislation to tighten up mining safety, and the resulting cutbacks on mining investment with Copper at $2.10, the older mines reaching cut off grade, and new projects now shelved until 2020/2024... sooner or later this has to filter through to the supply side, and be the driver for a rebound of the price of the Copper metal.

The companies and analysts collective forecasts for a supply deficit emerging from 2017/2018 looks to be getting played out.

Although we are trundling along at here at ATYM @ B/E and a maiden profit expected in Q4, we are perfectly positioned to capitalise on this as soon as the price turns, fully scaled up by Xmas, if Copper hits it's $3.00 forecast we will be making $100M a year pre tax profit.

The Astor case looming is effecting the share price undoubtedly, and as Lango points out, it's not going to help the share price much if the judgement goes against us, but with expected profits outlined in the new 43-101 we can deal with it comfortably, worst case it will be on drip over 6/7 years, best case we win, and the share price takes off same day..!

[frogkid] 20/10/2016 08:54

I have been watching from the sidelines. Whilst this is a Cu play there is also the Astor case which as Lang says will have a material effect on the share price If ATYM lose then the share price will get hammered. If they win then there should be a recovery. The rouble is that the downside is always greater then the upside in these cases. I am avoiding for now as I am not a gambler. I might be tempted in with a 6 in front of the sp!

[come on] 20/10/2016 07:57

I hope so Charlie as if this goes against us the share price imo will take another hammering.

[charlieeee] 19/10/2016 22:48

Lango

The effect cannot be calculated at this point in time.

If copper shot up to $2.40/2.50, even an unfavorable out come would be small beer.

At current levels, it clearly would have a greater impact on marginal profitability/loss.

I struggle to see how we could possibly have triggered the payments: courts are really pedantic when it comes to terminology and rightly or wrongly, I still see this action as a precursor to a PI claim, suing the lawyers.

C

[langostino] 19/10/2016 21:19

Priced in. Ha!
What is priced in is the fact of a dispute and not how it is resolved. Do you seriously think the rns announcing the verdict/settlement of this case will not result in one of the most significant price moves of recent times - up or down? That is not 'priced in' in my book.

[rich1e] 19/10/2016 19:41

I think that the recent price action says, if you want to buy, you’d be better off waiting until tomorrow when the price is lower. If you really want to buy, you’ll have to pay over the odds and the price you can sell for will be a good few pence lower.


The gap up on news last week, the buyers, the spread, the retrace isn’t new.

I said on 18th August

“After all the 'selling' you'd think that the mm's would be giving stock away. Five buys and the actual asking price goes up 4p”


And on the 19th

“Eight sells now, a few more sells on Monday, and the bid and ask will be lowered. Everyone will be waiting for that lower entry and normal service will be resumed. Someone is maybe 60k shares better off, probably similar scenario to the 300k traded at the back end of July.”


This has happened a few times, so in my view the MM’s are keeping the price in this range for a reason. Seller, buyer who knows? But when the buyers appear they appear to get a rough deal for a stock, which on the face of things, is being sold off.