Atalaya Mining Share Discussion Threads

[acamas] 10/2/2017 10:10

I put in a reasonable sell yesterday and immediately the bid price was dropped to make my sell unattractive. They did not want my shares yesterday that is for sure. So I still hold them

[neilweymouth] 10/2/2017 10:06

It's interesting that after my buy of 4000 the offer went up to 144.95 then after the 5000 sell down to 143.7
It doesn't take much to move the price around, ANTO,KAZ,GLEN all going in the correct direction, fingers crossed.

[rougepierre] 10/2/2017 10:03

The two at 142.5 are sells reba IMO....

The buys are at 144/144.5, including two of mine...

Remember it is not the MMs that book them as Sells/Buys...the algorithm simply divides the spread by two and then allocates accordingly...but that in my opinion is how the MMs can manipulate...
When the spread was 145/150 the bid was actually c145 but the offer was c148.5, so the true mid price should have been 146.75 and we wouldn't have this problem...

AIMHO as usual...

[shortarm] 10/2/2017 09:22

Copper over 2.70 again...Maybe it will stick this time!?

[reba] 10/2/2017 09:19

Why when there is a trade shown, and the price sold is the current figure, do they always show it as a sell. Never a buy.? Two this morning at 142.5 ( current price )are shown as sells. Questionable.

[laurence llewelyn binliner] 10/2/2017 09:11

The head of the union at the world’s biggest copper mine says he’s never seen owner BHP Billiton Ltd. this reluctant to cede ground over wages. That’s why he’s preparing for a long strike..



The Escondida shutdown comes as exports are halted from Freeport McMoRan Inc.’s Grasberg mine in Indonesia, threatening supplies just as prices recover to the highest level since June 2015. Goldman Sachs Group Inc. said the two mines are set to produce almost 9 percent of global mine supply this year and the disruptions may coincide with stronger demand from China to drive prices higher in the second quarter.

[rougepierre] 10/2/2017 08:31

Brilliant...pocketed another 5k at 144/144.5...

[laurence llewelyn binliner] 09/2/2017 18:12

That note puts our little mine in perspective RP..

Analysts expect the strike to last 1 or 2 weeks, and reduce global supply by 45KT of Copper.. more than we make a year..!

The Freeport Indonesia export ban is still in place, and all these supply outages will add up driving prices.., sooner or later we will see fair value..

[rougepierre] 09/2/2017 17:35

Goldmans bullish on copper...(having been caught short last year...)

[acamas] 09/2/2017 16:02

martincc,

Can you explain a little more, on todays volume it would take ten weeks to accumulate one and half million shares. What do you classify as a position?

[acamas] 09/2/2017 15:58

waterloo01,

Good point just what is Astor's view on holding these shares?

My thinking in relation to MM's actions if they are building volume on their book and they do not want to increase their holding in ATYM still further. Then apply the brakes by dropping the bid price so that sellers dry up for a while

[martincc] 09/2/2017 15:58

Someone trying to build a position without moving the price?

[waterloo01] 09/2/2017 15:53

Not convinced it works that way. MM just make a market. Suspect either or both no buyers in volume and a seller?

Do Astor still hold any shares? Just a thought.

[acamas] 09/2/2017 15:50

Not many buyers about they have just dropped the bid price by 2p. So I assume the MM's do not wish to buy

[waterloo01] 09/2/2017 15:39

Who buys 1 share?

[waterloo01] 09/2/2017 15:39

Who buys 1 share?

[husbod] 09/2/2017 13:47

Confirmed strike at Escondida Chile which is the world's largest copper mine producing 5% of the world supply.

The owners have confirmed there will be no production during the strike - not a great surprise perhaps.

In the meantime we sink a little further.

[waterloo01] 09/2/2017 13:03

Appeal.Haven't had judgement yet!

[jwafc] 09/2/2017 12:51

Oh god, the Court of Appeal. Please save us from this...

[waterloo01] 09/2/2017 09:19

O'T. How rigged is AIM? On another share which I hold across 2 different platforms I've put in a sell order and said I want it displayed. It hasn't been on L2. So I tried a dummy buy on a different platform for the same amount of shares and was offered to buy at a higher price than my sell order.

Hardly a level playing field.

[waterloo01] 09/2/2017 07:46

Stock etc, cheers. Only snippets indeed. Next time I'll record it as my note taking and hearing are poor(just joking about recording naturally).

Definition of senior debt was certainly discussed at some length, and think the judge had a fairly clear view on it, but guess we'll find out when we get his judgement.

[shortarm] 09/2/2017 07:34

I've also spent a lot of time in bars :-)

[stockknobjockeyvanbookstino] 09/2/2017 07:24

We only have snipppets of info, but if all is as appears then on the face of it I believe the judge will rule in our favour. We don't know for instance what the definition of Senior Debt was in the contract.

That is my educated opinion, having spent many years at the Bar myself :-)

The case quoted above was actually in similar circumstances in that the wording acted as a trigger for further payment, which went to the Court of Appeal.

[waterloo01] 08/2/2017 23:37

Stock etc, what's your take on the above case in terms of our case?

[laurence llewelyn binliner] 08/2/2017 22:38

Another good find, and with this in mind, in addition to Judge Legards comments at the Bar previously quoted by yourself, it adds further weight to our case.

Also, Judge Legard pointed out to Astors lawyers that their clause using 'senior debt' was not taken up, they themselves acknowledged the contractual oversight..

There is no ambiguity, we didn't use debt finance, so the default position is the contract stands as un-triggered, there is no need to use the fall back of business common sense and it's not the courts job to overwrite what has been agreed..

I don't see how he can now rule any other way..?