Atalaya Mining Share Discussion Threads

[laurence llewelyn binliner] 06/12/2016 09:06

There were some land options adjoining PRT, with Inland trading and Zeitung, but these lapsed recently, unless they got extended and we plan to buy them of course..!

[wanderer1210_0] 06/12/2016 08:52

I could be barking up the wrong tree here, but I'm pretty certain ATYM acquired land tendered for from the Junta a few years back, this is quite close to PRT, maybe the processing would be done with plant expansion at PRT? Any thoughts?

[acamas] 06/12/2016 08:43

rp,

Thanks for the reply. Some thought here for the old grey matter. Does AL already have the target in his sights, we can only guess, but he is a pretty shrewd cookie

[acamas] 06/12/2016 08:40

SBT,

Thanks for the reply with which I concur especially the final sentence

[rougepierre] 06/12/2016 08:38

Yes I was thinking much longer term...

IMHO we are talking about mines and prospects rathercthan quoted companies.

There are several mines/prospects within thevgeographical region where ATYM operates. I believe some of them are owned by Traf...

The most prospective mining regions for gold/copper otherwise are in the Iberian Pyrite Belt from Portugal to Spain, and Turkey....

Cheers

[superbobtaylor] 06/12/2016 08:37

No idea Acamas, have been wondering the same. AL also states he has a preference for a new build mine so this will not be cheap. I am also wondering where these big untapped Cu/Ag deposits are in Europe?

One fact we know is that AL has alluded to this strategy previously so it was planned well before the recent rise in copper price. This leads me to think it is definitely not planned to fund any new venture out of cash flow. A loan against Rio Tinto / dilution / a mix of the two would seem to be the main options I would guess.

Like most on here a few years of steady income would do me fine but I have to say that I trust AL to deliver so I am interested to see what the plans are.

SBT

[laurence llewelyn binliner] 06/12/2016 08:36

When I read about expansion RP, the 1st thought I had was Trafigura are backing this, we also know the Chinese are looking for assets, so XGC could be involved, and Orion are mining investors too, so we have all the parties we need to build a major company..

We have also been selling into $2.50+ Copper for a month now, and every month adds another $6-7M in the war chest..!

Interesting to see the share price seems to have turned on the chart at c130p..

[acamas] 06/12/2016 08:32

RP, but that will not happen within a year. How does one get extra Mkt Cap similar to current level without issuing paper or loans to cover purchase price of new venture?

[rougepierre] 06/12/2016 08:28

I wonder if Trafigura are trying to build another Xtrata to reverse into to create another Glencore....?

[acamas] 06/12/2016 08:21

SBT

How do you envisage the purchase will be made? Finding £150 million will not be easy when you have nothing in the bank account to start with. Will it be a paper chase and share price dilution?

[superbobtaylor] 06/12/2016 08:14

For those if you that did not read the Times article yesterday it states that the company is looking at Cu or Au assets. Assets will probably be in Europe and will be on the same sort of scale as Rio Tinto.

SBT

[wanderer1210_0] 05/12/2016 19:47

Canada going strong, up 23% at C$2.65 or £1.57, Copper just below $2.70 should see a substantial gain tomorrow IMO

[laurence llewelyn binliner] 05/12/2016 17:30

Copper $2.70, payable Copper $2.60 or better pending Silver credits, margin 80c, $80M P/A EBITDA...

Next leg up for the share price this week..? we are usually a bit behind the Copper curve, and play catch up..!

Any bets on the ETA of $3.00 Copper..!

[wanderer1210_0] 05/12/2016 16:58

Canada certainly likes copper at $2.70, share price up 17% at C$2.525 or just a tad under £1.50

[pawsche] 05/12/2016 16:37

... and then put it back on... :-)

[pawsche] 05/12/2016 16:03

PEEL clipped a cool 5p off the offer!!

[acamas] 05/12/2016 15:48

Good grief we get positive press coverage and we go red. There is no logic to that event

[superbobtaylor] 05/12/2016 15:46

I just had a nibble at 1.29.

SBT

[qs99] 05/12/2016 14:55

thought ATYM may have reacted slightly to the big uptick in copper ....

[waterloo01] 05/12/2016 14:04

Coppers back to £2.70

[manfrom] 05/12/2016 13:06

come on...

"What will it take to move the sp" ........Stop people selling!!

[saintb] 05/12/2016 13:04

SBT. Interesting article, particularly the mention of possible future acquisitions. Thanks for that.

Wanderer1210. Like you, I would like to see some diversification arising from any new projects. It makes sense to target China and other industrialised countries to assess what other materials they will need in the coming decade,apart from Copper. My choice would be Tungsten and in Spain there is one of the largest deposits outside China, namely the Barruecopardo Project owned by Ormonde.

Ormonde is a company I have invested in in the past but pulled out because I was not confident in the ability of the management to take the company forward and based on performance, I think I was right to sell up.

As far as I know Tungsten is mined in the same way as copper and due to its location and potential I feel the energy and skill that AL would bring to the project could create a very profitable addition to Atalaya. All in my opinion of course.

[come on] 05/12/2016 12:00

What will it take to move the sp

[waterloo01] 05/12/2016 11:26

Absolutely, and doubly so given it's in Saudi who might well find themselves less in favour with Trump.

Keep any expansion within the known environment where they are establishing a track record.

[charlieeee] 05/12/2016 11:13

Too much effort here is being expended on the next Kefi pump and dump.

Put bluntly, it is a parking lot for the useless ex EMED management, with a sterling track record of failure, all promises and no delivery.

Add that to a poor resource (it is a low grade vein style operation masquerading an open pit and CEY walked away, writing off some $10m.) and a less than savory political background.

Finally, with gold not looking that clever at the moment and mine costs creeping upwards (the only major saving is leasing and that always was a lower cost option, discussed by previous management) why Kefi, when there are much better projects around begging for the exploration dream to be turned into reality by the "man who can" and that "luxury team".