Atalaya Mining Share Discussion Threads

[trafid] 06/11/2016 15:10

hxxp://friscofastball.com/2016/11/04/it-seems-atalaya-mining-plc-will-go-up-have-another-big-increase/

[waterloo01] 06/11/2016 13:35

Quite right. I'd short it if I were you.

[zhockey] 06/11/2016 12:20

Is this company not hugely overvalued when the cash costs are about where the Cu price is? AISC could mean they are uneconomic at this level?

Agree there is potential if the Cu price takes off but how can they be worth circa £100m when they will be making little or no profit?

With the pending court case it seems they could be overvalued by about 50% in my opinion. Am I missing something?

[laurence llewelyn binliner] 06/11/2016 11:54

Over excitement forgiven..!

With Copper down at c$2.00/lb, I am equally pleased to see a strong rise to $2.25+/lb, it being pivotal to our success, and long may the rise continue.. :o)

Whether it be the US election driving metals, or the realisation of the supply deficit starting to impact the price, maybe a combination of many things, but this dog will have its day.

We've hit B/E and are on for a maiden profit in Q4 now, sooner or later the share price will catch up with predictions/expectations..

Q3 financials in a week or 2.. and we should see a clear step forward towards B/E.. or maybe a scratch result at a push..!

Copper $2.255
Gold $1305
Silver $18.50

[pawsche] 06/11/2016 09:29

No, leave him be... He's not doing any harm and, to be fair, a couple of his tips have done astonishingly well..!! :-)

[cufes2] 05/11/2016 17:24

TBH it's rather amusing watching him work himself into a frenzy and telling people to post positively as the share price still languishes below 3p in old money . . .

[erric] 05/11/2016 17:07

I haven't checked in to this BB for about three weeks and hadn't realised that Red Peter has turned it into his personal diary to be updated every ten minutes !!

Would the rest of you like me to put him in the SIN BIN for ten days so that we can talk about him behind his back ??

[rougepierre] 05/11/2016 10:58

VERY BULLISH article by seekingalpha...copper specialists...

Take the time to read this...

Including debt, the current copper cost median is c$2.00/lb and expected to go exponentially higher...

with no long term debt, that is where we are positioned...

[rougepierre] 05/11/2016 10:24

Top post Ritchie...

Like you I was big in Oils and sold all except BP at $50 when the OPEC talk was peaking...if it gets to $60 again the US fracked oil will start flowing again...Grand Old Duke of York comes t mind. There are plenty of US producers going bust so if Oil lasts below $50 the next increase will be more robust...

Gold and especially silver...you know I'm a big fan...I sold out when they stared to tank and have bought back selectively since it bottomed, especially HOC, GPM, MARL, AAU, KRS, ORM, GEO, ALO...the wife is still in FRES from 695...

But as for copper...I'm convinced that is the Big One and I can't think of a better, more leveraged way to play it than ATYM, where we currently hold almost 150k...

meanwhile...taking a look at MTR...

have a good weekend...

[rich1e] 05/11/2016 08:25

Copper might go into retreat canaries. I have been long on copper and silver for a while and was long on oil at $30 a barrel. I sold the oil at $50 because the whole pricing, OPEC, who’s cutting and who’s not, is a bit of a mess. Silver and copper I will hold for quite a while yet. I don’t know how long, it may be years, but I’m thinking of a 40% increase from current levels,in both. All part of a balanced portfolio so I wont panic if things go against me. I’m happy with what I’ve got but will add to them if they ever hit the Goldman predicted levels.

A couple of quotes, which I wont Google for the exact wording. One is, ‘Investing is simple in principle, but people make it difficult’. The other ‘ I made money by buying late and selling early’. Combine these ideas, and I think that, it probably makes sense to buy copper and silver at current levels, and wait. The same with shorting the FTSE at over 7000 and buying ATYM at current price.

You don’t need to worry about Trump/Clinton/Brexit, or short term moves. As Buffet said ‘ life is like a snowball, all you need is wet snow and a long hill’. And he's done quite well for himself.

[rougepierre] 04/11/2016 17:53

sorry to hear that canaries...

let's hope you make a bomb on ATYM next week...?

Cheers to you and all...

[rougepierre] 04/11/2016 16:34

Price well through £2.26 now...$2.2630...

[laurence llewelyn binliner] 04/11/2016 16:32

A strong week for Copper, great progress, and breached the $2.20 barrier on the 4th wave up.. $2.26 going into our market close.., things are looking a lot better for ATYM selling into this..!, it's a start, but $2.50 and we are starting to make some proper money.., and definitely nailed a maiden profit in Q4.. :o)

[rougepierre] 04/11/2016 16:28

Just broke $2.26...next resistance $2.30 and then $2.44...$2.50...$2.85...and $3.00...

Apparent 58.1k shortfall...which matches the signal 581...let's see what late trades there are...

GLA

[rougepierre] 04/11/2016 16:12

Copper just hit another 6 month high...$2.259...will it break $2.26 before close of business...?

At this price we're Making $19 million a year EBITDA...

[rougepierre] 04/11/2016 15:58

That 56 bargain looks like a MM message to me and suggests they are short 56,000 shares...

Which, coincidentally would almost exactlymatch the difference between Buys and Sells...

Only 35 minutes to make up the shortfall...ca they borrow the stock?

Ad if so, what happens over the weekend if copper keeps marching up tonight and opens strong in Asia on Monday?

Glad I'm long not short or out...

[rougepierre] 04/11/2016 15:27

91,000 Buys and 34,000 Sells...

How will they fill that gap?

Well they are now bidding me 82p i.e. Market Price for my 63,000...

(IN case you're worried I'm not selling)

Only an hour to go to balance the books...

[rougepierre] 04/11/2016 14:55

Nudging $2.26...

hxxp://www.livecharts.co.uk/MarketCharts/copper.php

[rougepierre] 04/11/2016 14:36

WOW! We've just blown through $2.25 on the New York Open!!!

[rougepierre] 04/11/2016 13:57

Why are people selling at below the Bid...the price in Market size is still 82.18...do they have a rubbish broker...?

[rougepierre] 04/11/2016 13:07

71,400 Buys

24,900 Sells

Meanwhile now bidding 82.18 for 15,000 and STILL 81p for 63,000...

Offering 2500 at 84.95

How long can they hold out...?

Surely not short over the weekend? Copper pushing towards $2.25 and 5 hours of New York trading after London closes...

Loving it!!!

[rougepierre] 04/11/2016 12:37

Aye but they have many other metals/minerals as well and we haven't anywhere near caught up with them...

ATYM is up 28% since 23 November last year

GLEN is up 154.55%....

[husbod] 04/11/2016 12:22

Mind you rouge ANTO and GLEN are down despite copper being up. So we're not doing too badly in a falling market.