Atalaya Mining Share Discussion Threads

[acamas] 19/12/2016 09:20

lango,

activity this week is window dressing in my opinion.

Yes I agree with your comment on delaying outgoings but we must have sweetened that contractor somehow as management move all their pieces into place before the share price goes skywards imo

As regards the actual operation what are the negatives 9.5 millions tons at current copper price and no debts for the company. Lots of other mining operations must be envious of our current state

[rougepierre] 19/12/2016 09:19

Why has AL announced this massive achievement in such a downbeat way. Yet another opportunity missed...Im beginning to wonder if theyre holding the share price back for some reason...

And the budgeted cashflows for 2017 suggests tomme they may be holding back from maximum production in the expectation that the copper price will move even higher later in 2017...

We shall see, but if itvremains at $2.50 or even highervgoing forward they will produce steady, generous cashflows...

Great working capital management but when do we get this grant!?

[langostino] 19/12/2016 09:13

Acamas, there is and will be plenty of action/volume in the markets this week and next, but what is the point of a share that reaches nameplate production but is unable to pay its 'contractor' for a year?

[acamas] 19/12/2016 09:13

reba,

We will do all right either by Divi's or Capital appreciation or maybe a bit of both. The II's cannot take Divi's without us having a piece and expansion by reinvesting profit earnt will be reflected in the share price. They will not throw the money away on poor mining opportunities.

What if Traf gives us a shock by offering up a Takeover.

From here on in we will have plenty of Jam on our toast

[reba] 19/12/2016 09:07

Well the interest of such good news is overwhelming. No-one seems to give a toss.

Is everyone wondering, like me, what are they going to do with all the profits, I can't see anything coming back to the pi's. The big three are the only one's that are likely to make any significant benefits as they have everything tied up.

[acamas] 19/12/2016 08:55

The Main Dealer is on leave now till the New Year all the deputy will do is gently mark the price down. As the trading day progresses it will return to the days opening figure. This is a non event week.

The Deputy has been told "Do not rock the boat"

[manfrom] 19/12/2016 08:44

Another fantastic milestone.........just look at the reaction??

[mip55] 19/12/2016 07:10

Nice Xmas present from the company!

[rich1e] 19/12/2016 06:09

Some interesting stuff, Traf want us to become like Glencore, they “want more”, because they will do well out of it, more discounted off takes and the like, whilst the rest of us get nothing in return.

All supposition maybe, but it’s hard to imagine that it hasn’t occurred to such wheeler dealers that the more that they own the better they will do, why have shareholding tied up by long suffering shareholders when the same could be earning them even more. Also better to buy the new Glencore for £150M than 39B.

But, it has occurred to them in the past, we know that for a fact, and these guys will stop at nothing to get what they want. Oh but, of course,nowadays theres that damned shareholder structure. Stumbling block or what?

[laurence llewelyn binliner] 18/12/2016 10:19

Copper softened a little this week but still $2.55/lb, the share price is getting pulled along with it for sure, but still doesn't reflect fair value @ this Copper level.

Silver weaker too @ $16/Oz

Interesting developments in Copper concentrate shipping in Indonesia at the globes 2nd largest Freeport Copper mine..



This is on the back of the Zambian concentrate embargo too..



So nation states are introducing legislation to protect their concentrate streams so their smelters are kept stockpiled.., that could get interesting, so why are they doing this..? because they see a shortage emerging as the supply/demand re balances and shifts into negative..

If this trend continues, it can't do Atalaya any harm at all can it..

As far as the current share price goes, having spiked to 110p 3 times this year already when we were at B/E on Copper price, to now have a $0.50 margin and 45,000 Tonnes a year to sell, I expect a lot more to come, and we have several potential triggers for this.

(1) Confirmation of 9.5MTPA (done 19.12.2016)
(2) The €8.2 grant is still due
(3) Some Director buying would be nice
(4) Our maiden profit Q4 about to close, updates mid Jan 2017
(5) FY 2016 should be in scratch or in profit too
(6) Astor court case January 30th and a favourable ruling.. or clarification, but worst case we run with what we have and a $53M debt on drip over 6/7 years, but any improvement on this is good for the company.
(6) The Euro isn't going to get stronger any time soon, and reduces our costs significantly selling into Dollars

Looking at the Micro Copper spot price isn't really what matters, it's good to see, but what really matters is the long term Macro 15-20 year average, Rome wasn't built in a day, nor are multi mine companies..!

I will add again in the ISA for year 8.. the allowance is up again this year too, such if the Govs foresight on interest rates and to give us a nibble at something potentially better..!

[head gardener] 17/12/2016 17:27

Worth reading......Trump is causing a rare trend in commodoties. bloomberg

[rich1e] 17/12/2016 11:59

Cheers charmer

[rich1e] 17/12/2016 11:55

Can someone explain all this “I’ll sell when I break even nonsense” to me? If I was invested in a company that I could only see negatives with, I wouldn’t be invested simple as that. No one would see negative after negative and stay invested, and if they did they wouldn’t see the need to share their concerns on a regular basis thus prolonging their anguish,. Do yourselves a favour press the sell button, you’ll be better for it, seek better opportunities elsewhere, they do exist I know that myself.

[the charmer] 17/12/2016 11:52

Guys,

hxxps://simplywall.st/news/2016/12/14/why-atalaya-mining-plc-aimatym-has-zero-debt-on-its-balance-sheet/

Gla!

[rich1e] 17/12/2016 11:45

We don't even know if it is a seller, it could be a buyer or multiple buyers. That’s the beauty of the system. The share price has seen a doubling in value from sub 80p to 160p in the last few months that's the fact. The Astor situation, lack of director bying didn’t stop the last rise and wont stop the next one. More to come when copper and the the miners start moving again.

[rougepierre] 17/12/2016 11:32

We agree on dividends CuFe...

And none of the Big 4 are allowed to sell (including Liberty)...

IMHO it's the copper price...drifting...so ATYM is drifting until we get news...and for all that I'm a fan of AL, he still has no idea how to manage communications to get the best 'bang for the buck'...

Have a good one...

[head gardener] 17/12/2016 09:57

Welcome back MDS, I hope that Orion, Liberty and the Chinese are not totally aligned,and not share the same veiw for the future of the company as Traf. AL's desire in expansion and a full listing can only be achieved by ATYM making substantial profit and a hefty s/p.I live in hope!!!!!

[acamas] 17/12/2016 09:09

Why can't the 5k daily seller be Liberty selling into a rising market and obtaining their dividends by this manner. They have almost 14% of the shares that is say 16,240,000 shares at 5k per working day That equals 3248 days based on a 5 day week they could keep going for 12.5 years at 5k per working day. While our share price climbs their initial capital investment remains protected and currently they are raising funds of 5k *say 125p per day * 5 day week around £31k per week.

I am guessing that is whats happening out there right now. If not Liberty then someone with a substantial holding not getting copper to sell

[cufes2] 17/12/2016 08:10

Interesting and thoughtful post MDS . . .

We don't actually know if there is one seller or a number of sellers of 5k shares . . . What we do know is that low volume selling equals a long grind down in the share price if there is no demand . . . Once there is any increased demand then the share price can rise quickly due to the low free float . . . As far as dividends are concerned I still think they will be paid despite what AL may say about further projects . . . And the two are not mutually exclusive . . . The simple reasons being that they act as a discount mechanism for the three majors with off takes and Liberty will want a return to bolster their cash reserves for future insurance claims . . .

[mds2028] 17/12/2016 07:09

Hi HG,
Been setting up a second business and running two has taken over my life at the moment.
Been watching (and reading) with great interest.
Some thoughts;

Totally Agree with CuFe, the price is being pulled back by the 5k seller, we went up on demand, we are falling back on the 5K seller and the traders who looked at the story saw we are totally underpriced and bought in expecting us (like we always have wanted) to start matching our true value.
MM's will never match a share against its true value, that's not their job, it is just to match buyers to sellers, sometimes shaking the tree if they have a big order so as to take out the weak.

I find it outstanding that we have had no Director buying and would attribute some of the new holders as rightly reading this and seeing after all the good news the directors do not see any further value so why not sell at a 10-20% profit and move the money where there is potential as our own directors clearly do not see any.
I am assuming (if I was to be positive) the directors maybe in another closed situation due to negotiations on the business expansion wich AL is dreaming of, if so, what would stop them telling us this. Oh I know absolutely terrible communication skills and an inept communication company who advises them.

Re Astor, the court case starts on 30th Jan.
Look how long it is taking our courts to tell the government that Camaron as well as running a terrible Remain campaign, didn't set the wording and situation for next steps on if we voted leaving for the process to smoothly transfer on.
Which pretty well sums up his arrogance and out of touch nature with the mood of real people who are not part of the pampered elite and his inability to look and cover all situations appropriately, his ineptitude finally caught him out and I am glad his legacy will always be he messed up and own goal for the remain argument.
Astor will roll into February and maybe even March, is there another high court they could go to if they lose?
I don't know but if there is, Astor will need to do so, so as to have a strong case against their lawyers, by not taking it to our ultimate court as part of the process they would leave their lawyers with wriggle room, which I would have thought they should have learnt that lesson in not checking things properly and checking every opportunity and scenario.
This is all about Traf playing their GS style of business ethics which they are already famous for (ie no ethics and honour at all), its all about money and bonuses, there is no place for gentlemanly behaviour and honour in their game.

This was a delaying and negotiating game, AL said about 12-18 months ago that it was about coming to some arrangement, he never said (at that time) it was a matter of us being in the technical and legal right.
Let us also not forget as a new investor with Traf's known history of screwing everyone and anyone, so as to make more money for themselves.
This case has a big warning sign for any potential investor into us, if I was a medium sizes fund there would be no way I would touch us with a barge poll.
Oh and look after running around the city numerous times AL has brought not one new investor to the party other than Liberty, who I suspect might be a but ticked off that AL's new boss Traf are trying to create a bigger mining company so they can have more discounted off takes, rather than return value (through dividends) to shareholders.

AL's desire to have new projects to keep him busy is a very good reason to be worried at the moment. We can't take out a loan as Astot will start pointing to that surely.
So are we being diluted again so Traf can have more off takes, or is it going to be a share swap with some hole in the ground exploration company that may not deliver any value at all. Lets face it we had two licences for land very close to our mine in a fantastic ore belt which we didn't take. Who's to say an expensive purchase will be any better than the licences we allowed to fold.

I also notice company communication has not changed, I never get a notification of an RNS or new presentation going on the web site from C4. what happened to the newsletter?

I remain disappointed in the management and highly concerned about Traf, like many on here I will be reducing my stake as soon as I am a little over my break even. This could have been soon as we should be paying out massive divides for 20 years and exploring the opportunities which we have already.
But Traf wishes us to become a Glen, look at Glen massive debt and in trouble, when it was paying a divi it was just a 4% yield. If we were paying a divi and having it covered by 1-2 times think what our share price would be if we had a 4% yield.
We would all be very happy I would suggest.
But no greed Traf want more and so we will not see Divis' unless ridiculously small, more a drive / gamble for capital growth and off takes for the big three.
The big three own & run this business and Liberty are the warning sign for any fund that takes a look.

AL has done an amazing job, now let him go and work for Traf and lets have a caretaker CEO who is helping us milk our mine. But no they are already talking about wasting our profits on more discounted off takes for the big three.

As you can tell I remain pessimistic but very pleased we have been saved by the rise in the copper price. If the copper price was here a year ago, I would bet we wouldn't be trying to screw Astor, as we wouldn't be concerned about the drain on our cash flow by honouring our contractual obligations to them.

- So we were at over a month since the last presentation and still not hit nameplate
- No Director buying
- A big shareholder selling at least 5K a day, until they have hit their target of stock reduction they do not have to RNS until they have off loaded every share they have released to their broker, so it could be any of our investors, and yes I know at 5K a day it will take a long time to reduce.
If you have a lot of share you would prefer to sell them in a big block and AL hasn't been able to get any institutions interested in us, so that route is closed, the only way is to bleed them into the market. Especially if your not happy with what Traf want as the next stage of the business
- rather than return value to the Pi's that built this company, the company strategy is to blow its profits on another hole in the ground which may or may not give us a return

Summary other than the share price (although improved) still not reflecting mathematical fair value. The market isn't interested and a lake of strategic clarity on on how you will get a return on our investment and Traf, would be the main reasons in my humble why no one is buying and the share price is in stagnation from its last flurry.

Ha what do I know I invested in EMED and got that wrong

[rich1e] 16/12/2016 19:52

Rouge the ‘seller’ can hang around for all I care, since he turned up, with his 'selling' pressure, the share price went from 80p to 160p, go figure. Let him ‘sell’ 10k a day is what I say.

[rougepierre] 16/12/2016 18:21

So who do you think this persistent seller below the bid is CuFe...?

[head gardener] 16/12/2016 18:08

Cufe, what has happened to MDS, his contribution was always appreciated.