Atalaya Mining Share Discussion Threads

[rougepierre] 27/2/2017 15:02

There isn't actually a huge amount of selling compared to average daily volumes...

Looking transaction by transaction there seem to have been 35k sells and 45k buys today (including one of 16k at 150 which may have been a hangover from yesterday...)

Meanwhile we now have FIVE brokers with a Strong Buy recommendation and the consensus EPS is 30.68 for 2017 (P/E 4.5 times) and 43.23 for 2018

hxxps://www.share.com/find-investments/advanced-finder/company-overview/atalaya-mining/financials/forecasts/7846/?pass=1&time_period=7_day

Cantor Fitzgerald (217)
FinnCap (209) and
Peel Hunt (195)

All reiterated their Buys on 23/2 after the latest RNS...so not dilutive...

hxxp://www.hl.co.uk/shares/shares-search-results/a/atalaya-mining-plc-ordinary-shares-7.5p/broker-forecasts

[gcpinc] 27/2/2017 14:20

4880 shares is my buy and not sell at 143.20p !

[reba] 27/2/2017 14:10

If this is as good a share as everybody is indicating. Why is everybody selling.?
No logic in it.

[rougepierre] 27/2/2017 12:53

And then you'll get an Oscar or best film...that should have gone to La La Land...

[rougepierre] 27/2/2017 12:23

That's interesting...TDDI have it reported at 11.50.26...

There's something very odd going on here...there was also a 9250 Buy at 150 timed at 8.37...

[waterloo01] 27/2/2017 12:10

It is late reported as timed at 8.50 this AM.

[rougepierre] 27/2/2017 12:08

There you go...someone just bought 16,000 at 150k!!!! Must be really hungry to pay more than 5p over the odds!!

And its NOT a late reported bargain...

Watch these shift now...

[waterloo01] 27/2/2017 12:00

Husbod mentioned being under the radar. I guess that's both the advantage and disadvantage of not being on the main market. It won't register with new investors until they see some broker notes. If the positive assessment of Touro is anywhere near right, then they should reflect that.

[rougepierre] 27/2/2017 11:48

Just checked the Toronto price...$2.60 canadian, which equates to 159p....

So I bought another 2500 at 144.95...

Cheap as chips...surely there's no way this can stay at this level...?

[waterloo01] 27/2/2017 11:48

LLB, the last historic published resources (not NI43 compliant)was 196mt. Lundin obviously briefed the visiting geologists that they thought the resource was around 374mt post drilling. I assume the follow on ATYM drilling confirmed this, but that's partly guess work on my behalf.

[laurence llewelyn binliner] 27/2/2017 11:40

For perspective, PRT's probable/proven resources including reserves are 194MT of ore from the last presentation, the new acquisition at 384MT is almost double the size, and with our 9.5MTPA we have a LOM of 16.5 years, so that's about 30 years more LOM from the new resource, or 60 years @ 5MTPA..!

[rougepierre] 27/2/2017 11:39

Accordingly, I too have bought another 2,500 at 144.98 waterloo...that takes me back higher than my original position before taking profits on 25k+ at 160+...

GLA

[rougepierre] 27/2/2017 11:37

I understand your frustration reba...I have neither the length of history nor a comparable position with yours, assuming you are still holding...

And I also am, as you can read between the lines, incredibly frustrated that these shares aren't way north of here, despite having a substantial gain.

But you don't always have choice over the best timing for a transaction and yet I believe the Touro purchase is timely and a stonking opportunity to leverage the clear potential here to a much higher level and indeed maybe do what RTZ have done on a global scale, ironically starting with an original jewel of theirs...

It also seems significant that we have the blessing of Traf to do this when they have their own mining interests, including in Spain. It may be that the two other major players (Harry Liu and Liberty) have had a major part in this, including maybe holding off any potential Traf predatory interest...?

You say that "No-one in the major investment company sector is interested in ATYM..." but:

"Liberty Metals & Mining Holdings LLC" (13.98%) is one of the biggest such players in the world;

"Orion Mine Finance Group (14.56%) is one of the world’s leading mining-focused private equity businesses.";

"Majedie Asset Management (6.06%)...is an independent investment boutique that actively manages equities for institutional investors...Assets under management total approximately £13bn..."

But I agree that we should be on the main market and still believe that, at a higher price, the big holders should release some of their shares to improve liquidity...

I do NOT see a placing, especially as one of the consequences could be an INCREASE in the holdings of the Big 4...in any case, I believe the cashflows from PRT can comfortably finance the development of Touro, together with some 'short term borrowings'...

AIMHO as usual...

[acamas] 27/2/2017 11:26

reba,

Without optimism in this game we have nowt. We all invest to make money so we have to be optimistic of the future. When we start chucking off huge profits the share price will climb. Then to reinvest and prolong the life of ATYM still further. This is a growth business with momentum and some quality peeking through. Plus the business is improving month by month if not the share price yet.

[waterloo01] 27/2/2017 11:20

Understandable Husbod but I would point out that any expansion outside of PRT would involve new capital (be that equity/debt/loans etc)and they have stated clearly for a while that they want to expand and use the skills and knowledge we have.

PRT is now running at or close to full capacity, so now is the right time to make the move. IMO.

At the very least, they have made an acquisition that's at the low end of the cost spectrum and given the amount known about Touro, both from Lunins drilling and our own, makes this a very safe and low risk bet. How many miners get to test drill before they have to commit (beyond the original option agreement)?

[reba] 27/2/2017 11:16

Acamas
I wish I had your optimism on this share.
For years ATYM's share price has been restricted in some form or another, and any good news from the company seems to have a very negative affect on the share price
No-one in the major investment company sector is interested in ATYM as 75% of the shares are held by the 3/4 main owners, leaving a minimal amount left for the private investors.
This last move might be good for the future in building a solid company but to me doing it at this time, after all we have been through in getting our own permits, leaves alot to be desired.
I personally think they should have waited until the Astor court outcome was declared, pay off as much as they could with the cash we are supposedly making, and get us completely debt free. We also have at the moment no tax to pay for 1/2 years, so we could have built a nice nest egg and paid a divi which would have attracted large investment companies.
How long is it going to take for the permits to come through and production to start in the recent acquisition, before we get any return.?
just my thought on why the share price is not increasing to where it should be.

[husbod] 27/2/2017 11:10

Cheers waterloo.

Maybe the market is a little nervous that we may finance the set up costs (and any other acquisition being contemplated) by way of a rights issue so buyers are holding off pending clarification. I have to say that I'm not topping up at this stage for this very reason as my holding is such that it will be very expensive to take up any such rights issue in full and I wouldn't particularly want to be diluted.

I think we can safely assume, if the Astor case goes our way, that we will not be financing anything by way of Senior Debt!

[waterloo01] 27/2/2017 11:10

Yes, but now PRT is raking in the cash, it's much easier to raise debt, if that's the route they choose. Regardless they wouldn't have gone ahead without all the main shareholders approval, and at the very least one can say that to a man, they understand mining.

[acamas] 27/2/2017 11:06

waterloo01,

Don't forget in the past AL has indicated that he would use PRT to expand the business elsewhere. So it might well be organic growth leading to a thriving business 5 or so years down the line amassing profits of maybe £100 million per annum

[waterloo01] 27/2/2017 10:59

L2 looking weak but can buy at 1.45p (which I have). They have been working on Touro deal for almost 2 years and having looked under the bonnet, like what they see. Plenty of opportunity to walk away and no one would have been the wiser. They seem to think they could be in production within 3 years, with permitting fairly well advanced.

One of the links I found yesterday suggested that the resource could be about 374mt and most, if not all strip mining.

One of the big unknowns will be financing the build, but post Astor, I'd expect that to be a mix of off takes and debt. If they did take on debt, then they might still be room for dividends from PRT.

[acamas] 27/2/2017 10:01

Until we spread the news how well PRT is doing on behalf of ATYM potential buyers are ignorant to what is on offer here. imo that is all going to change during the course of 2017. Lets see if I now have to eat my own words.

[husbod] 27/2/2017 10:00

Not sure they did rouge in the sense that they were aware of price sensitive information namely the Touro acquisition but I have to say that I am not holding my breath on the subject of Director buys although it would be very helpful if the relatively new Finance Director were to buy a shedload.

[rougepierre] 27/2/2017 09:41

I doubt it sadly...had plenty of opportunity before...

We need a statement on cashflows abd reducing debt...now...!