Atalaya Mining Share Discussion Threads

[charlieeee] 20/2/2017 10:37

Acamas

It is all recorded.

Transcripts can be requested (at a cost) by anyone.

[acamas] 20/2/2017 10:27

waterloo01,

It would be interesting to shadow the Judge and be privy to his every thought on the case because the longer it takes to reach a decision the more problematical it must be recalling what actually took place in The Court itself unless every spoken word is somehow recorded and can readily be referred to. If not as time passes the memories will fade and may cause some complexity in reaching a fair judgement

[waterloo01] 20/2/2017 09:35

Alberto told me it could be weeks or months. All in judges hands.

[acamas] 20/2/2017 09:31

All things being equal we might hear mid-April then?

[shortarm] 20/2/2017 09:31

Mind you, I suppose there's a certain amount of golf and lunches over which one needs to contemplate......

[shortarm] 20/2/2017 09:30

Wow, he's a fast one!

[acamas] 20/2/2017 09:30

waterloo01,

Thanks for the reply which I understand however what ADVFN publish as sells today are a mixture of buys and sells so their breakdown under "trades" is misleading. I have often felt there has to be a better way leading to a more accurate representation of buys v sells split

[dofmeister] 20/2/2017 09:24

Leggatt passing judgement today on a case he heard in late November.

[waterloo01] 20/2/2017 08:57

Acamas, the trades are marked as sells when below the offer price. At the moment 1 MM is on 1.48 (the rest on 150) but can buy for 145.8, as such they are marked as sells. Real sells are at 144, so quite a tight spread.

The system is automated so not down to ADVFN but the way trades are marked.

[acamas] 20/2/2017 08:52

I have just looked at the recorded trades for the day all red, crazy you two lads have told us you have bought and of course the share price is down a tad. It is a totally unreliable method of recording buys and sells but on ADVFN it is all we have doh!

[neilweymouth] 20/2/2017 08:34

3014 more for me too.
A little frustrating to see the rise of the likes of MTR where they have to strip 500ft before even seeing ore, deal with unknown chemistry, build plant, borrow money etc.
Looking forward to Q4 financials soon, also surely some drilling results.

[waterloo01] 20/2/2017 08:17

Bought some more today. Probably getting carried away (hopefully not by the men in white coats).

[head gardener] 19/2/2017 18:38

Thanks, varied interesting comments, valuations are becoming stretched and company earnings are not that robust, profit taking will occur if there is a sense global economic growth is stalling. Aim stocks going ballistic is not a healthy sign, but long may it continue as it has been very rewarding.

[rich1e] 19/2/2017 14:22

If you owe £10k and earn £10k your debt is 100% your earnings. If your out goings are also £10k, then you’re never going to pay that debt off.

If debt could be reduced (cash) in relation to other assets, houses, cars, copper etc. then instead of owing the value of one car, you only owe the equivalent of four/fifths car. If you can couple that with a pay rise, let’s say you have a way of getting richer through the increased value of goods and wages. Then your debt pile, in relation to both what it will buy and also your cash account, looks a lot more healthy.

It would be a neat trick for anyone with a big debt.

[waterloo01] 19/2/2017 12:35

I know some importers who's costs have gone up 30%+ and while they can't pass it all on, they have to pass some. I've also noticed regular items I buy going up by 10% in the supermarkets. Mainly due to the £ but also rising commodity prices.

The govt will have to go back on the triple lock and not much they can do to influence inflation.

Back to ATYM I was looking at the 2014 corporate brochure (when I 1st invested at 7p old money) and they were highlighting that the exploration work on site could yield 2.5x the current resource, muh of it higher grade. In mine life terms, that would add over 20 years to the LOM.

[acamas] 19/2/2017 12:19

waterloo01,

Can I just add on inflation of 3-5% the government of the day will do all they can to keep inflation where it is currently. The one reason for this is PENSIONS. The Government will find it hard to uplift OAP's by £4.50 to £7 per week and private pensions that are not linked to inflation will fail to keep up with the cost of living. The politicians know this and if it happens will cost them votes. Well that is how I see it unfolding bwdik

[laurence llewelyn binliner] 19/2/2017 10:57

#waterloo01, fair point on inflation, and we are currently running at 1.8%, still below the BOE's target 2%, but will this tear away in '17/18 to a point where they will have to stamp on it with interest rate hikes, which in turn will stifle the very growth they are desperately looking to find..?

Time will tell I guess, but all good debate on a Sunday morning..!

[waterloo01] 19/2/2017 10:43

I have to disagree re interest rates as I think you will see them gather some pace over the next 12 months, especially as inflation kicks in (I think we'll see 3-5% inflation in the UK by year end and possibly interest 1% rate by early 2018). Barclays et all can offer low rates as they 'hedge' the mortgage rate by selling long term bonds at a lower rate, so they can't lose.

Regardless, certainly at the moment and until rates hit something closer to 2%, money will still flow into the markets as long as companies can maintain dividends that beat interest rates.

[laurence llewelyn binliner] 19/2/2017 10:11

#HG/Husbod.. Boom/Bust crashes have and always will happen, 1987/2000/2008/201x..?

Equities are without doubt pumped up on QE, and further boosted by zero interest rates, it's interest rates that drive economies, and reckless lending / investment banking triggering the crashes.
Interest rates aren't going up any time soon, I wish they would, but it's very unlikely we will get to anywhere near a number that's worth putting your cash into bank deposits and not needing to chase better growth and equity yields.

US rates crept up 0.25% recently, UK rates now 0.25%, I can't see them getting to 1% by 2020, I learnt last night that Barclays are now offering a 10 year fixed mortgage product at 2.5% with no set up fees at all.., so they are confident they can still borrow money and make a killing on it for a decade.

Very interesting times, the business case for Copper is robust, and with the supply disruptions we could see $3.00 Copper this year, now Escondida are on strike and the unions digging their heels in this will be seen as the benchmark for the rest of the majors which spells trouble, our 40,000 Tonnes is chicken feed compared to the 1M Tonne majors, but that's where the trouble is going to come from, and to our advantage to sell into.. Atalaya are along for the ride and currently enjoying every moment, long may it continue..!

[husbod] 18/2/2017 23:53

In normal times yes hg but the trouble is where is the cash going to go if not into equities. The time to worry is when interest rates start to rise. That looks a while yet except in the States and the Donald might not be too keen on that. Next to no chance of interest rises in Europe or most of the rest of the world although there are clearly political events that could cause problems.

[head gardener] 18/2/2017 18:32

A note of caution is beginning to filter through to markets and investors,If there is a correction commodities will not escape, keep some cash and gold.Hope this will not occur, but it is long overdue.

[laurence llewelyn binliner] 18/2/2017 11:26

#robmcelf2, he's probably thrown the towel in..!, 'new permits', are a cloaked way of increasing the governments share through revised taxation, I've read that to get the new 'permit', Freeport have to wave rights to a number of things, and commit to doing their smelting locally, and getting taxed locally..

Using many of our Copper peers PE measure ATYM is undervalued, with a forward PE of about 2.5/3.0 and making $60-70M a year with no tax to pay for a couple of years we are well positioned.. @$3.00 Copper with further plant efficiencies yet to be reported we would be making c$1.00 a pound profit..

We need FY2016 figures, and the 2017 Q1 figures on the board to demonstrate profits, then the wider market will take notice..

On Astor, I'm confident we will see a ruling in our favour, then revised terms agreed moving forward, no idea what they will be, but a win for us will be leverage to make them more to our advantage what ever they are..

The handbrake on the share price is Astor and reported evidence of earnings.., a dividend would help for sure, even a token 1 would put us on the map..!

[acamas] 18/2/2017 10:50

Once this share does awaken to put on a pound sterling to the share price should be a stroll in the park. It is a long while since I felt this upbeat about this stock

[robmcelf2] 18/2/2017 10:38

I see the Freeport Indonesia CEO has just resigned as well to add to it all!

[waterloo01] 18/2/2017 09:18

I think we are getting close to a perfect storm here, especially if Alberto is doing what he seems rather good at (running a mine and getting costs down). Even if Ator win (which I don't think the will) the debt is manageable out of cash. The uncertainty is holding back the share price and I continue to see it as a buying opportunity. If copper does get closer to $3.00 in short order and the case finally gets a judgement (either way) we should finally see something closer to fair value, which given the comparisons to other copper miners is well out of kilter.