Atalaya Mining Share Discussion Threads

[rougepierre] 02/11/2016 14:09

afraid so...bearish on oilers short term...

and delighted now I've seen the massive build in oil inventories... 14 million barrels...wow!!!

[gcpinc] 02/11/2016 13:02

Rouge, surely you haven't your sold 88 Energy shares ?

[rougepierre] 02/11/2016 12:54

Could be...only bargain of the day so far...

And AAU it appears from 1.55/1.60 to 1.55/65 on my 100k Buy...?

Cheers

[husbod] 02/11/2016 12:11

Hi rouge - the Trump factor is indeed worrying as a victory for him will almost certainly cause a major drop in stock markets world wide. Apart from all other factors his protectionist instincts are a major concern. Whether the markets will then recover a la the brexit vote is anyone's guess.

So you're responsible for the small tick-up in ORM and WLFE. Do me a favour and buy a few million more of each just to help reduce my losses!

Cuf - whilst we await action here it is some compensation watching AUR.

[rougepierre] 02/11/2016 11:45

oh oh....

And having written the above...

Do I detect a sea change here as well...

The bid has increased to over 78...at least 27.4k buys today...no more than 15.1k sells, depending on whether the 78p bargain at 8am was a buy or a sell...

I am bid over 78p for at least 10,000 of my shares...

Has the trickle seller finished...?

Q3 financials w/b 21 November...company very quiet...estimated average price for copper in Q3 was over $2.18...so...

they may not only post positive cashflow/EBITDA for Q3, but also that it is continuing into Q4...

And SURELY the CFO will buy shares (and any other Directors?)...

AIMHO as usual...

[rougepierre] 02/11/2016 11:32

Aye husbod...for that reason I don't believe it could be Orion, but...

In the right circumstances (i.e. post an excellent Q3 report), dribbling out Orion shares would do wonders for the liquidity and support a steady march upwards...

I detect a sea change in commodities...

Iron ore and coal were the very weakest and they've recovered massively...copper has been left behind...

A growing number of articles hinting that the Fed is losing control of its metals manipulation (which is all about sustaining the dollar, which is all about the massive and growing externally held US debt and the threat that the Renminbi could become a global currency)

So I've retained a decent holding in quality gold/silver shares (notably GPM plus KRS) and have today bought back into HOC at below my sell price...

If copper can hold above $2.20 we're looking good...there is unquestionably a deficit 2/3 years down the line...it's just a matter of how soon the market discounts that but actually it's more to do with when the commodity cycle swings up...

I remember in 2008 I made an absolute fortune trading XTA before GLEN took it over...

The other commodity I'm very interested in is tungsten...I've bought back into ORM (gold copper and tungsten) and also WLFE that I sold in the teens and am back in at 5p...

Sold all my oilers except BP a couple of days ago...will buy back in when the latest downswing ends...

Remain very confident in ATYM...the fundamentals are undeniable and if they were to remain so very undervalued for much longer surely somebody is going to want to bid to take them out...you would have to think that with the majors in big time at 142.5 then a bid of around 200p would be difficult to resist...

Just to be clear...I'm NOT forecasting a bid...just saying that with so little new capacity coming on stream globally and an estimated 10+ years to develop a new mine, those big players that have a long term commitment to copper supply will surely want to buy significant new producing mines at some stage...

If copper approaches $3, everything is in play IMO...

AIMHO as usual...nothing much else happening...scary turnaround in Trump's prospects...5,000 seller still around...if it's one of us on here there can't be much left to go...

Surely....? GLA

[husbod] 02/11/2016 10:08

Either you have a very good broker rouge or the share is really soft ie there's plenty around as otherwise you would normally pay a decent premium for a T20.

Imo your T20 price is highly indicative of a share overhang. Mr 5k and possibly others. Still not ruling out Orion although at some stage a holdings RNS would have to be issued.

[rougepierre] 02/11/2016 09:27

Wow! Picked up another 5,000 at 79p on a T20...

BTW you're absolutely right that the bargain is executed now...but the stock doesn't have to be delivered until 30 November...let's see how much stock is around then...?

[laurence llewelyn binliner] 01/11/2016 18:08

Happy to make the case for Copper going forward Froggie..!

About time you bought in again..? Copper $2.22/2.23/lb, the share price is like a coiled spring I tell you..!

[frogkid] 01/11/2016 14:55

LLB, good points you make there

Frog

[husbod] 01/11/2016 09:18

Same sentiments mip55 as RTZ, Anglo American and Glencore all of who are/were diversified miners but all of whom are concentrating in the future on copper (plus a couple of other commodities).

We have the right product in the right location, top shareholders and a great CEO (although some think that particular office may not be his forte) just not the right share price

Just a question of time.

And after 5 /6 long years that time can't come quick enough!

[laurence llewelyn binliner] 01/11/2016 09:12

#Froggie, Aluminium just doesn't have the same properties as Copper, it does conduct, and it is lighter, so used in overhead cables etc, but it has half the conductivity and double the resistance, also the thermal stability to expansion is 50% worse, then there is corrosion, when copper tarnishes it protects itself, Aluminium just keeps going and fall to bits.. :o)

It won't be replacing Copper any time soon in most applications.

[frogkid] 01/11/2016 08:51

or aluminium

[mip55] 01/11/2016 07:52

Interesting comments from BHP ref. Electric Vehicles:As you see more renewables and EVs, we also will see an impact on copper demand," Fiona Wild, BHP's vice president, sustainability and climate change, said Tuesday at a conference in Shanghai hosted by Bloomberg New Energy Finance. "EVs at the moment have about 80 kilograms of copper in them. As they become more efficient, you see a greater amount of copper in those vehicles, so there's always upside for copper."

[bigbaddaz] 01/11/2016 07:31

The CU price has steadily increased nicely the past week.

Sat at $2.20lb our operation should now be profitably.

We need the CU price to break and show further increase beyond $2.20lb.

If we are to start making significant profits and the copper price Is due to rise through 2017 / 2018 as a supply deficit draws closer, according to some analysts, then surely we must break the $2.20lb ceiling soon.

Looking forward to Q3 results, due to be published this month.

[husbod] 31/10/2016 16:47

Lingering can be bad for you frog particularly at your age - go on dive into the pond and let your inner self flow.

On the other hand dry land has a lot to be said for it.

[frogkid] 31/10/2016 16:27

LLB, quite possibly. I could not possibly guess on that one but it might be an interesting question to the company. I am still lingering here waiting for a sign to get back in !

[laurence llewelyn binliner] 31/10/2016 15:59

Go Copper.., over the $2.20/lb barrier by a whisker, now keep on going..!

#Froggie, there will be a loser on legal fees for sure, but Astor will have theirs covered off by their negligence/incompetence claim on their lawyers/advisors if they lose.
I don't know what legal costs ATYM are incurring in their quest to have the agreement set aside and/or renegotiated, but if we win our expenses are more than offset by $53M value of the claim..

So no one is a loser overall apart from an insurer..?

We are cash positive at last.., payable Copper $2.10/lb, costs about $2.00..
Even at 10c/lb profit over 100M pounds of Copper that's $10M pre tax profit.

Next news is the Q3 financials late Nov, and I'm expecting a good step towards B/E if not scratch..!

[husbod] 31/10/2016 09:24

False modesty prevents me from mentioning my posts 3066 (23/9) and 3199 (3/10) Cuf.

Anyway the 5k seller is still around and I do not believe it's been lango and/or froggie who have been the majority of those sells.

[frogkid] 31/10/2016 08:48

LLB, re Astor win-win. You are correct except that you have not accounted for the horrendous legal costs that the loser will have to bear.

[husbod] 30/10/2016 22:28

Well at the beginning of October it was approximately half what it was when I first bought it a couple of years ago!
It was a pure gold play at the time but that's only part of the future now.
Anglo American in the Telegraph today see copper as one of the three commodities they are going to concentrate on so hopefully LLB we will indeed see the start of a breakout in the Cu price this week

[cufes2] 30/10/2016 22:14

Modesty also prevents me from saying AUR has almost doubled since I mentioned my buying at the beginning of October . . .

[laurence llewelyn binliner] 30/10/2016 21:20

Let's have a Copper breakout this week too >$2.20/lb.. 4th run at the barrier since the summer, 2.25, and we are well on the way.. :o)