Atalaya Mining Share Discussion Threads

[husbod] 08/2/2017 14:43

Thanks guys. No wonder Astor brought the matter to court as it will define whether they will get their money at all.

I like the scenario you have painted LLB and if the case goes our way we would be in a very strong position to negotiate an overall agreement provided Astor don't want to write off their loan, which I must say would make no commercial sense.

Fingers crossed then and maybe IF we do win (I don't want to tempt fate)then some here might revise their opinion of Traf.

[danny111] 08/2/2017 14:19

Looks like preparations for the strike in Chile have begun.

[rougepierre] 08/2/2017 13:58

"Senior debt is secured by a business for a set interest rate and time period. The company provides regular principal and interest payments to lenders based on a preset schedule. Senior debt is a company’s first level of liabilities, typically secured by a lien against some type of collateral. This makes the debt less risky and provides less return for lenders...."

The bridging loans from the major shareholders did not qualify...

[rougepierre] 08/2/2017 13:56

"Goldman Sachs says prices could exceed its six-month target of $6,200/ton because of potential supply disruptions..."



That's over $2.81/lb...

Onwards and upwards...

[laurence llewelyn binliner] 08/2/2017 13:54

My understanding Husbod is that 'senior debt' is bank debt.., inter company/shareholder loans, which we have used, and equity based fund raising do not qualify as 'senior debt', this is the nuts and bolts of our case to be ruled on shortly..

IMO the ruling will be that the debt exists, but has not been triggered due on the basis that 'senior debt' wasn't used, this will then be used by our team as leverage to renegotiate the full package (1) payment terms, (2) the brokerage fees, and (3) the additional deferred payment if Copper goes over $3.00 for 12 months, and a new deal will be thrashed out to our advantage..

[rougepierre] 08/2/2017 13:46

Are those your 1500 nibbles waterloo...?

[shortarm] 08/2/2017 13:18

I don't see how it's a gamble with copper shortages in the years to come?

[husbod] 08/2/2017 13:10

Excuse the ignorance but if we win on the point that payment is triggered only on our taking senior debt then does that mean that effectively we wont have to ever make payment provided we raise any funds, if we have to raise funds, by way of a rights issue or placement. Would it also mean that any loan by Traf or the other Two big holders (ie excluding Liberty)would be considered to be senior debt?

[langostino] 08/2/2017 12:54

Market settled at around 150p, probably halfway between favourable/unfavourable settlements. Interesting investment for those that specialise in legal cases but a pure gamble for every one else.

[rougepierre] 08/2/2017 11:53

sound as a pound waterloo...

meanwhile, could we be on the verge of the next copper 'spike'....?

[waterloo01] 08/2/2017 09:36

Keep having nibbles at the share as the case does seem to be holding back the share price Given what we know, am fairly confident Astor case will fail. Hopefully if timed around an update we might finally test a new range (higher).

[laurence llewelyn binliner] 08/2/2017 08:00

Copper firming up as BHP workers look to strike tomorrow..!



Workers are also demanding to sign a 36-month contract that would include a 7% wage increase and a 25 million-peso end-of-conflict bonus.
BHP is proposing a 48-month contract with an 8 million-peso end-of-conflict bonus and no wage increase.

Copper has surged more than 20 percent since mid-October as stockpiles tracked by the London Metal Exchange shrank. Goldman Sachs Group Inc. says prices could exceed its six-month target of $6,200 ($2.81/lb) a metric ton because of potential supply disruptions..

I don' see how Judge Legard can rule any other way given his opinion of the value of 'good will', and when our legal contracts are as they are..

[shortarm] 08/2/2017 07:58

Copper up 2%, kinda wish we had this decision behind us!

[iankn73] 07/2/2017 23:50

Here is the Courts of Justice cause list:



This is the daily courts list, so if we keep an eye on it we should find the judgment date for Astor claim.

[stockknobjockeyvanbookstino] 07/2/2017 22:37

"I think it important to dispel the notion that an obligation of good faith requires a party to subordinate its own commercial interests to those of the other party to the contract. Good faith is not altruism. It does not require one party to put the other party’s interests before its own"

Justice Leggart 18th October 2016 lecture to the Bar.

[rougepierre] 07/2/2017 17:30

Of course...now I remember...thanks for brightening my day!

[erric] 07/2/2017 15:01

RP ; at the end of the waltons it always finished with everyone saying goodnight John boy goodnight Mary Ellen etc etc

[shortarm] 07/2/2017 14:49

Copper back up to 2.65

[rougepierre] 07/2/2017 11:06

In reply to your suggestion Richie...I don't think it will get to 120...so far bought back a smudge over 10k at c150...

Liked your cross-reference to KAZ too... and GLEN has almost quadrupled...

I'm sure we're just waiting to get the Astor business behind us, whatever the outcome and then once we start declaring profits, the sky's the limit...unless copper collapses...or somebody takes us out at 300p...?

Who knows...?

Copper touched $2.65, gold $1235 and silver $17.76 overnight...all at or near resistance levels...

AIMHO as usual...

[rougepierre] 07/2/2017 11:03

That's really funny Erric...but why? ;-)

[erric] 07/2/2017 10:54

youve been watching too many episodes of The Waltons !