Atalaya Mining Share Discussion Threads

[acamas] 15/2/2017 11:27

Is there also the risk of more shares being issued at some date to raise funds?

[superbobtaylor] 15/2/2017 11:23

RP,

WTI is only for the brave and not my idea of a no brainer.

Some of the Orion loan notes are up this month. I am waiting to see what happens. Last time Orion had to lend them more and did so at great penalty. IIRC 9% interest, $500k arrangement cost and a cheap offtake deal.

[edited as costs are indeed 4200 for Q4]

SBT

[husbod] 15/2/2017 11:20

Just followed rouge's example and topped up knocking the share price up 1p. A case of "where fools rush in"?

[rougepierre] 15/2/2017 11:19

Done the research in depth...I believe the copper hedge unwinds in May...recent costs c$4200...Orion fully supportive...

It's another outright copper play in my diversified portfolio of copper/gold/silver/platinum...

I've dipped my toes and will buy more if they fall...

Meanwhile ATYM tightening since my buyback...just waiting for the Astor judgement then we're off to the races one way or another...

AIMHO as usual...

[acamas] 15/2/2017 11:02

waterloo01,

When I last looked at WTI I think they have a billion shares in issue and cash difficulties, I may be wrong on this as my memory is not as young as it once was. They operate in Namibia, I think. They have two mining areas around Windhoek?

[cufes2] 15/2/2017 11:02

Head gardener . . . I know . . . I was big facetious as some people were not keen . . . I hope you bought and are in profit . . .

[waterloo01] 15/2/2017 10:56

Really. They seem to be heavily in hock to Orion with debt due!

[rougepierre] 15/2/2017 10:47

Just made my first ever purchase of WTI...no-brainer...to go alongside my ATYM...just LURRRVVVEEE copper...!

[head gardener] 15/2/2017 10:46

Cufe, Sula has new highly regarded management and a promising gold prospect,and with drilling underway.

[acamas] 15/2/2017 10:28

If a chartist was looking at our graph I believe he might form the opinion that a confrontation is occurring between buyers and sellers which is forming one of two patterns either a pennant or an upward channel. The flagpole of the pennant is the climb from 80p to 120p and the flag if forming between 120p and 150p. The upward channel is the same 120p to 160p you can draw support and resistance lines between the two prices. Now we wait to see them become bullish, I hope. In either case we do not want a downward breakout which might be problematical

[rougepierre] 15/2/2017 10:14

OK...bought back 2x2500 at 148.07...

[rougepierre] 15/2/2017 09:21

If copper isnt moving the share price up, surely Escondida wont move it down...?

No...this has to be the Astor overhang...markets hate uncertainty...anyhow, looking to buy back the 5k sold at 155...not a bad trading market in ATYM ATMO, despite the wide spread...

GLA...

[shortarm] 15/2/2017 09:02

Surely the two 40k sells (one last week) are Harry selling to find his KEFI input?

[mip55] 15/2/2017 08:55

One possible reason for the drop:Escondida talks back on tableBoth the union and BHP Billiton (AU:BHP) have accepted the national government's offer to resume talks as the strike at the world's biggest copper mine in Chile nears a week.

[acamas] 15/2/2017 08:13

40k sell mm's cautious of more to follow

[cufes2] 15/2/2017 07:34

Many shares have doubled and more in this market . . . Even supposed rubbish such as SULA have outperformed EMED . . .

[rich1e] 15/2/2017 07:30

Market sensitive news, I would think that an intraday RNS is as likely as an early bird one when news arrives.

[rich1e] 15/2/2017 07:16

Well Aim listing and or Astor/Dividends hasn’t stopped it, rising rapidly over the last few months, even though some said that it would, when it was back at 80p. Though I agree that, when we get, a FTSE listing it will give the share price a real boost.

[pawsche] 14/2/2017 23:47

IMHO the share price will not head seriously north until the company declares a dividend - at which point the trading platform search algorithms will show it as having a PE/PD spectacularly above the sector average. Then watch the buyers pile in!

[poleaxe] 14/2/2017 22:34

Not so long ago holders were posting here that they would never invest in an AIM company in Spain again, i suspect some investors may still be holding that view. The company needs to de-list from AIM and join the main FTSE circus, perhaps then investors will be more confident in joining us LT muppets.

[head gardener] 14/2/2017 20:33

Why is there such a distrust with this company, if I ran a hedge fund I would look for a hot market, an undervalued company with no debt,and huge earning visibility plus a tightly held shareholding. Astor is not the issue, is it with our main shareholders that institutions are concerned with. Grizzle,Grizzle!!

[laurence llewelyn binliner] 14/2/2017 19:58

#Waterloo01, payable Copper is 10c under market price for off take discounts and impurity penalties.., $2.00 C3 cash costs, $2.70 Copper, $0.60 margin..

40,000 Tonnes PA / 88M/lbs / 7.34M/lb's per month = $4.4M/month incoming cashflow.

[waterloo01] 14/2/2017 19:45

LLB, where does your $0.60lb profit comes from. Are you adding for discounts, Rambo etc?

[head gardener] 14/2/2017 19:33

Bin, I agree with you, but the share price should really be north of 2quid.I apologise for moaning.regards