Atalaya Mining Share Discussion Threads

[rougepierre] 09/11/2016 09:01

So that gives over $60 million net cashflow at current copper prices...

I was looking at recent figures, not 2017 projections, because some people on here don't like the constructively bullish message I have been expressing on here for months...

So, repay all the short term debt...

How long before a maiden dividend...

AL entitled to be VERY bullish in the Q3 Financial report...

For those of you still watching before jumping back in...just do the maths...COMPULSIVE...

OK so I didn't call the Trump win but I've been so convinced about gold, silver and especially copper that my ENTIRE speculative portfolio is in stocks that mine all three...

GLA and let's look forward to our inevitable bounty!

[superbobtaylor] 09/11/2016 08:52

Rp - see the latest presentation. AISC costs for next 3 years given as $1.8. Agency agreement and royalties given as 0.04 so we could add that on.

SBT

[acamas] 09/11/2016 08:52

Good morning all.

Called that one wrong. How did he do it? Did America just grow tired of the democrats. You have to feel for the loser what did she do wrong? Was it her public image? Or is America not yet mature enough to have a Lady in power. We have had one, Germany has one and others also.

Well lets see where Trump takes up. I gather Congress is definitely republican so they have a free hand to get on and pass their policies.

[iankn73] 09/11/2016 08:49

I can't believe can't even get beyond 90p this should be well over £1 by now at least.... Even accounting for astor case. Wtf is going on here....

[superbobtaylor] 09/11/2016 08:49

LLB, if we are talking cash flow (or EBITDA) then I don't need to use the C2 costs which include depreciation. This cost has already been incurred. The C1 cost of $1.80 as given in the last presentation is valid.

SBT

[rougepierre] 09/11/2016 08:40

I thought the all-in costs were $2.07 including selling costs?

However, what is absolutely undeniable is that we are printing cash at these copper prices...

copper already spiked to $5443, i.e. $2.468 today on Trump's pledge to spend trillions on infrastructure...

So we went through major resistance at $2.44 briefly...if we can get through that and consolidate then only $2.50 is left before we really fly...

froggy, CuFe, lango still out...?

[laurence llewelyn binliner] 09/11/2016 08:34

SBT, our AISC is $2.00/lb, when taking into account depreciation/reclamation costs, you need to factor plant depreciation / sustaining CAPEX costs into the EBITDA before a profit can be calculated, that's what any dividend will be based around after Corporation tax, but I think we get a corp tax holiday for a while yet...?

[edit] SBT, agreed, for incoming cashflow calcs costs are $1.80/lb

[superbobtaylor] 09/11/2016 08:26

How do you get $40m RP?

I make it 45000t copper = 99,000,000lbs.

C1 = $1.8 and current price is $2.44 so that is $0.64 /llb profit.

99,000,000 * $0.64 = ~$60m?

I think I am wrong but not sure where?

SBT

[rougepierre] 09/11/2016 08:11

Gold, silver and COPPER booming!!!! $2.46

Yayyyy!

ATYM is a coiled spring...making an annualised $40m EBITDA at these prices...

[iankn73] 09/11/2016 07:56

I knew the Americans were crazy, just didn't think they were that crazy. Looks as though they have had enough of the status quo. The brexit contagion has spread to America. With immigration being a key issue by the looks of it.

The only upside is copper is flying.

Have a good day all.

[rich1e] 09/11/2016 06:10

Looking like Trump might win. Precious metals are up, a slight wobble for copper, bearing in mind recent gains. Equities taking the brunt in Asia, and futures markets. On ASX, RIO down 2%, BHP down 3% which is nothing out of the ordinary.

[acamas] 08/11/2016 22:22

I do not think it will be close because I cannot see Trump winning those 7 swing states he needs badly to catch 70+ votes from California and New York that she will win. Places like Ohio, Iowa North Carolina Nevada Florida etc

[ruvic] 08/11/2016 19:03

Recounts and law suits galore starting tomorrow ,the orange sheeto won't go away quietly.Incertainty will bring the markets down imho.That said I hope I'm wrong.

[acamas] 08/11/2016 18:25

One things for sure the International Markets do not want a Trump victory neither does Washington DC. I suspect it will be Clinton by quite a few electoral votes. They say she was very good at working with all parties when she was in the Senate.

In a two horse race of picking the best of the worst it has to be Hillary, I guess. The Dow Jones is blue right now and the Democrats are blue. Is the Dow Jones telling us something?

[husbod] 08/11/2016 16:41

So what's it all going to look like tomorrow? Exciting times and whether to stay up is the question. Market down 10% if Trump Tr(i)ump(h)s?

Yesterday the market reckoned it was a Clinton win but then our markets were convinced the Remain camp had it in the bag in the days immediately before the vote.

[rougepierre] 08/11/2016 16:40

At this price of copper we'll be making almost $30 million a year EBITDA at full capacity of 9.5mtpm...

So self financing and able to repay the short term debt...

In fact if it got to $2.50 or more, surely we'll see a maiden dividend...?

Question is...are CuFe, lango and froggy back in yet...dangerous waiting game...

[laurence llewelyn binliner] 08/11/2016 16:33

Another strong days trading.. +100K volume, 94p paid by someone, and Copper tipped $2.37/lb.. it looks like it is all coming together now..?.. :o)

Another step forward yes, but let's keep some perspective, we were £1.17 in the early July, when Copper was trading at $2.20-2.25, now we are well over that and making twice as much of it.., the share price should deliver much more if the trend continues..

3p old money is better than it was, but a country mile away from B/E and where it needs to be for many..

[acamas] 08/11/2016 15:52

We need to report some profits before this share will take off. When the powers that be see we are truly undervalued then they will start buying and the frenzy should begin. We are worth at least £2.10p per share or 7p in old money. imho!

[vish65] 08/11/2016 15:50

Well if they've not finished buying and RP keeps spouting they are short of stock anyway surely it should be rising.!

There is a piece of the jigsaw missing here.

Would we be here at 3p without the consolidation. I think not but what's done is done

[manfrom] 08/11/2016 15:35

There have been many on here that are convinced that all we needed was a rally in the price of CU and with good reason, but again it never seems enough to put a rocket under the share price Having said that things do appear to be winding up slightly? GLA

[waterloo01] 08/11/2016 15:34

I suspect they have not finished buying. They managed to get 400k without much price change. Their broker's doing a great job for them.

Those on the side lines, I assume are waiting to see the market reaction to the US election (in terms of the Dollar particularly) and if copper keeps going in the current uptrend? The presentation makes good reading, so happy the company are doing most things right.

Copper now $2.37 and rising.

[vish65] 08/11/2016 15:24

$2.35 ! But we cant get past 90p . lol

Perhaps if we dis-mantle the plant piece by piece the price will start to go up !

[shortarm] 08/11/2016 15:19

The Clauses are all in the latest presentation....Copper 2.35!

[iankn73] 08/11/2016 15:09

Was thinking the same waterloo. Must be under rns threshold.

If the copper price keeps motoring at this pace. It won't be long until we trigger the rumbo royalty clause if average copper price is $2.60 if memory serves me right.