Atalaya Mining Share Discussion Threads

[rougepierre] 17/1/2017 09:30

And actually now I come to think of it...why run at full pop now, when you expect the copper price to be above $3 within a year or so...?

[rougepierre] 17/1/2017 09:26

Not personally bothered...would be nice to see some upbeat posts though...

I'm also not bothered by the fallback in price. As I've said before...every upward move needs to consolidate and 'refuel' before moving forward...

We've waited a long time (most of you much longer than I) and these production figures and the undeniable underlying financial consequences are very encouraging going forward.

Of course we are, as always, hostage to the copper price, but I a confident my personal target will be reached soon and that we will be over 200p some time this year unless copper retrenches...

Remember, I've done those figures on an average copper price of $2.38, but we've been running at an average copper price over $2.50 for 2 months now...at that rate for 2017, even on 36,000 tonnes we'll make a handsome profit for the year...

Its just a matter of when the rerating comes...and it will...will any broker redo their forecasts on the ACTUAL production figures for Q4 and financials for nine months or will they wait until April...

AIMHO as usual...

[vatnabrekk] 17/1/2017 09:21

I Like this bit in the RNS:
" The Company expects to be generating stronger cash flows on a sustained basis by then, based on its operating budgets for 2017."

[acamas] 17/1/2017 09:10

rp,

Do not be so sensitive he is entitled to his viewpoint. Sticks and stones and all that. We are one or t'other half full or half empty.

This looks severe 10p down on good news we must expect a recovery of sorts

[rougepierre] 17/1/2017 08:51

Give us a break CuFe...what's your personal agenda in constantly putting a negative spin on good news and talking the price down...?

Ah you'll say..."I'm putting a realistic perspective on things..."

So go on then, look at my figures and tell us where they're wrong...?

And then tell us that four resected brokers are wrong wth their figures and their price forecasts...

[acamas] 17/1/2017 08:49

Will the Directors finally step in and buy some of our shares. There has to be interested parties at 150p a share

[rougepierre] 17/1/2017 08:48

In fact I've just checked and my figures are almost exactly in line with the average of four Brokers forecasts on TD Direct Investing website. You all know who those workers are and their price forecasts up to 217p...

[cufes2] 17/1/2017 08:45

Looks like I was right again about the share price . . . 160p was an important area . . .

[rougepierre] 17/1/2017 08:45

Yes. Just keep repeating that to yourself.

You don't have to wait until April...

We made a maiden profit for Q4 and we have positive EBITDA for the WHOLE of 2016!!

AIMHO as usual...

[laurence llewelyn binliner] 17/1/2017 08:43

I see we have some 'News' sellers..!

The improvement in recoveries is what caught my eye throughout the year, 80/82/83 now 84.4%.. this will impact on the FY2017 Copper totals.

On going drilling yet to be modelled.

A maiden profit Q4 too.. :o)

[rougepierre] 17/1/2017 08:41

Theres an old adage...

Buy on rumour...sell on facts...

Look at this seriously...ATYM shares have been heavily bid for over a week, with few available to buy...

Weak holders will have looked at this RNS and seen nothing new to get excited about, so some sold and then the MMs bang the share price down...

But this report gives us FACTS about production which make 2016 a fantastic year when we became a serious copper producer just as a new copper bull market began...

When this tree shake has finished we can begin the march again towards 200p and beyond...

And no amount of negativity by CuFe will stop that... ;-)

STAY PATIENT and ye shall be rewarded...

AIMHO as usual...

[rougepierre] 17/1/2017 08:36

Alberto hasn't done it but those figures won't be far off...

So...I'll keep it simple...

EBITDA Q4 £3.8 million

EBITDA 2016 £2.24 million

PROFIT for Q4 £1.55 million

Amazing!

[manfrom] 17/1/2017 08:32

Have peeps lost their senses? this is the same company as it was yesterday, in fact better having read todays rns. Still it would not be a market without sellers. I'm off out.....

[reba] 17/1/2017 08:30

sp does better when there is no news.

[rougepierre] 17/1/2017 08:29

oops! fat thumbs...

[rougepierre] 17/1/2017 08:29

OK so I've edited post 4762 for the actual figures...


Possible financials for Q4 and FY 2016...

Calculated an average copper price for Q4 of $2.38, so...

8938 tonnes of ore produced, and an average cost of production of $1.88, gives a Gross margin of $0.50, so Gross Profit is:

8938*2205*0.5/1.08 (average Q4 value of Euro) = 9.124m Euros

Less Admin Costs of 4.500 and Exploration costs of say 0.200 for the quarter, leaves EBITDA at 4.424m Euros

Accumulated EBITDA for the first 9 months was (1.577m) Euros so I calculate that we have positive EBITDA for FY 2016 of 2.847m Euros, equivalent to £2.240m (translated at a period end 0.85)

Meanwhile, looking at Q4 figures alone, after Depreciation and Amortisation of say 2.5m we have a Pre Tax PROFIT for the quarter of 1.824m Euros, or £1.55m

And the accumulated loss for the year would be about 6m Euros, or £5.1m....

Pretty damn good!

Using EBITDA as a proxy for net operating cashflows, we've generated almost 3m Euros from trading, which certainly mitigates any borrowing requirement...


AIMHO as usual...

[shortarm] 17/1/2017 08:25

P.S. Can not get a quote to sell any shares!

[shortarm] 17/1/2017 08:23

Is that something else you're not happy with Cufe?You don't like a thumb up then - I'll near that in mind :-)

[cufes2] 17/1/2017 08:14

Shortarm

There was an opportunity for the company to support the current share price momentum . . . They have chosen not to . . . Many others have commented on the poor PR when there is obviously some good news . . . If you don't like my posts filter me rather than posting the same old guff and playing to the audience for easy thumbs up . . .

[waterloo01] 17/1/2017 08:14

Talk about keeping back good news.

Exploration and Geology

Exploration drilling was concentrated on the northern extension of the historic Atalaya pit. Results are positive, but preliminary, with further drilling to continue during 2017.

Infill drilling on the south-western side of the Cerro Colorado pit (historic Filon Sur open pit and underground workings) was also positive, reporting significant copper intercepts. Further confirmation drilling is ongoing.

[manfrom] 17/1/2017 08:14

I take it that the sellers were expecting some big numbers today and have left or always intended to leave after this update.

[shortarm] 17/1/2017 08:13

Traders waiting for this day bailing out....They'll buy in for the April financials!!!

[shortarm] 17/1/2017 08:08

And now you can't sell lol.... Red day methinks

[shortarm] 17/1/2017 08:06

Well, now you can buy a load as several 2-3k sellers at 159.1