Atalaya Mining Share Discussion Threads

[rougepierre] 02/12/2016 12:16

Going up...129/132...130 paid...

[rougepierre] 02/12/2016 11:49

130p to buy 5,000 now...

[rougepierre] 02/12/2016 11:47

Can already sell at a profit...bid 128 for my 5,000...

[rougepierre] 02/12/2016 11:46

127/130...

price for 5,000 now 129...

going up?

[rougepierre] 02/12/2016 11:44

Enough is enough...just bought another 5,000...VED and ANTO still pretty level over the last couple of weeks...

124/128 was silly...now 126/128...I paid 127.48...maybe we're finding a level...will buy more if we go lower...

cheers

[iankn73] 02/12/2016 10:42

When are we going to find support.

I'm like you SBT steering clear of the markets until after Sundays vote.

[superbobtaylor] 02/12/2016 10:00

This is crazy. Gonna get me some more. Did not average down in the 70's as there was still execution risk and we never had any production cost data. Had they not been able to deliver as they have done we would have seen much dilution or worse. The risk of this is now much smaller so I am happy to increase my already much overweight holding. At a production cost of <$2/lb. I don't see much down side.

I might wait for Monday though to see if there is any fall out from IT vote. As others have said any weakening of the Euro is good for us anyway and long term EU is not a driver of the Cu price so will watch to see how far we fall today.

SBT

[laurence llewelyn binliner] 02/12/2016 09:45

This is true Acamas, I have the Midas touch when it comes to trading but in reverse, it's called the Shmidas touch.. so I don't ..!

The chart looked to want to turn around 125-130, so we will see if that plays out today for the next leg up..

[acamas] 02/12/2016 08:50

LLB,

I do not believe they are selling they are trading the share. Soon as we get a hint of blue they will buy back in and surf the rise until the next retrace

[laurence llewelyn binliner] 02/12/2016 08:40

Copper $2.60+, assuming it holds through to 08th Dec we've had a month selling into it, so that's another $6M EBITDA, we have $10M worth of stockpiled concentrate, we will hit nameplate 9.5MTPA this month if not this week currently 1060 tonnes p/h, target 1084 tonnes/hour, the €8.2M grant should have been triggered for payment, and we have no tax to pay for c2 years..

We are going to have our maiden profit in Q4, a maiden profit year closing this month for 2016..

And people are selling @ 130p..? really..?

[old fool2] 02/12/2016 07:55

what does it mean? or we going higher or lower

[rich1e] 02/12/2016 06:48

After Brexit/Trump the share price here has seen a significant re-rate so here's hoping Italy has the same effect.

[iankn73] 02/12/2016 00:20

For those of you that may not be familiar with the Italian vote on Sunday and the potential global ramifications.

hxxp://uk.businessinsider.com/italys-referendum-and-the-risk-of-a-global-economic-shock-2016-12?r=US&IR=T

If you think the Euro is cheap. It could become a darn sight cheaper come Sunday.

Maybe best to buy your holiday Euros after the vote if the polls are correct :-)

After Brexit/Trump anythings possible.

[erric] 01/12/2016 21:10

Husbod, you and I read the same investing book !1

[rich1e] 01/12/2016 19:03

Interesting figures on the miners LLB, looks like a bull market to me.

I hold a couple of those, and have to say, I’ve sold a few shares on the way up, no one went broke taking a profit after all, I console myself that thought as the sp’s march on.

By the time that it has run it’s course, the market will be full of participants whose trading brilliance will lose it’s lustre neath the shadow of what might have been, if they’d let their winners run.

[laurence llewelyn binliner] 01/12/2016 17:21

It's difficult to fathom, we are a straight Copper play now, (with the exception of Astor) but on AIM.. and with a worst case €53M liability pending.

GLEN has gone from 80p to 280p in 2016
KAZ 90p to 380p in 2016
ANTO 350p to 700p
RIO 1500p to 3000p
BLT 600 to 1350

They are all loaded up with debt..!

ATYM 80p to 135p in 2016 so far.., I suggest this is way out of step for the fundamentals of a company now spinning off $6M a month EBITDA, debt free, with a project NPV of $550M and much more to come.

I'm never going to be a forced seller, mine are all in my ISA, and it can just unfold in its own sweet time.., but soon would be good..!, court case in Jan 17, then a result for Feb..?

[head gardener] 01/12/2016 17:21

My biggest concern this week, would copper crash from Chinese speculation, copper seems to have consolidated @ 2.60 as all of you know the value and fundamental's atym has achieved has never been better.The figures at some point must speak for themselves!

[husbod] 01/12/2016 17:13

Neither did I. Dow up again. This is another potential problem imo. It is surely due a correction which might happen if the Fed raises interest rates. And even though we are nowhere near their multiples we would no doubt suffer if that happens. Uncertain times!

[spcecks] 01/12/2016 17:02

LLB also didn't trade any and still holding all my stock so you're not the only one.

[waterloo01] 01/12/2016 16:47

I'd be a buyer at £1.25! The other axis you need to consider is what happened to copper over this period. We have very quickly recovered from an historic bottom of $2.00 to a more realistic $2.50+ and moving toward $3.00. So while the rise in ATYM seems high (and it did coincide with going into production) it's less than some of the other miners, and we are a low cost miner, with no/minimal debt.

[laurence llewelyn binliner] 01/12/2016 16:37

#Acamas, hard to tell with any accuracy from the chart after spiking from 80p-160p in 3 weeks, the floor will be where buyers feel comfortable coming back in of course.. 125/130 best guess but that's only a guess..!, a sensible new floor would be 142p of course, and we know why that is..!

I nearly top sliced @ 160, but decided not to in case I missed some of the next leg..