Atalaya Mining Share Discussion Threads

[waterloo01] 02/3/2017 15:11

Surely the continued momentum of the $$ both offsets any fall in the price of copper and should be amplified when both are rising (as has been the case in the last months). Another reason we remain undervalued and some 'comfort' in the investment case.

[laurence llewelyn binliner] 02/3/2017 14:27

#RP, I'm pretty sure we've been told the FY2016 results won't be until mid April, alongside the Q1-2017 numbers and run rates, then the Q1 financials we won't get to see until May..

[erric] 02/3/2017 13:36

frog, please jump back onto the EMED lily-pad and then we can finance another trip to the mine so that I can join in this time.

[frogkid] 02/3/2017 13:16

thanks Husbod, you have done well here also!

[nedludd] 02/3/2017 12:28

Rougepierre. Need your help please. In your post #5824 you mention results being published on Friday 24th.March. I have searched through company notices but I can not find that date. Where did it come from?

[husbod] 02/3/2017 11:14

Yep was thinking of you this morning frog - well done, good call but I have to say I didn't sadly act on your recommendation. For quite a while it seemed like a dud but the frog has turned into a prince so to speak. Always good to see an old friend prosper!

[frogkid] 02/3/2017 10:52

I do hope some of you chaps listened to my advice about JLP.

[husbod] 02/3/2017 09:59

I agree it's not a bad option price if you compare it to some of the absurdly generous ones other companies have issued but I would happily pass a law restricting share option exercise prices to plus 10% of the then subsisting share price so that directors can either put their money in and buy at market price like the rest of us or take the risk of the company doing very well in the future and have the option of benefitting therefrom without forking out hard earned cash.

Their generous pay levels should be sufficient to incentivise them to do a decent job without anything further. At least in the ideal world that I would like to live in.

[laurence llewelyn binliner] 02/3/2017 09:15

I can see $3.00 Copper in 2017/18, £2.50/3.00 a share, and £5/6 with Touro up and running, but we could also have another project or 2 in development stages in 3-5 years too, adding yet more value..

[acamas] 02/3/2017 08:50

Good grief, its a no brainier in 5 years time Touro or whatever it is called should be in production and a target price of 144p should be like stepping off the kerb to our Directors.

Put the case otherwise

[erric] 02/3/2017 08:39

shakey, I agree wholeheartedly. It is refreshing to see a company offering options at other than rock-bottom prices and even more so if our Directors are actually still as greedy as the next ones and have organised this now because they know the price will only go up from here so let's get in quick.

[laurence llewelyn binliner] 02/3/2017 08:25

Good news indeed, 900,000 share options to the BOD at market price / consolidation price, vesting in 3 tranches, a strong incentive to build the company and the share price to get your cheaper options..

[shakeypremis] 02/3/2017 07:40

That's a high exercise price per share. Really promotes management trying to get the share price higher and is quite possibly indicative of where management think the price will go too.

[tinofbeans] 02/3/2017 07:24

Share options for the lads on hard work and results to date,well done Alberto et al.

[laurence llewelyn binliner] 01/3/2017 16:02

#SBT.. The net payable Copper was -10c under the market price per pound at the last count.., the discounts to XGC/Traf/Orion on their off takes were a minefield, different for each off taker, and different agreements within each off takers rights too from their 1st,2nd,3rd deal.. but it was roundabouts -2.5/3.0% when I checked with C4 last year.. add to that the As/Sn impurity penalties, then subtract the Silver credits..

The -10c/lb will move down with lower impurities and a stronger Silver credit price, and we will see the numbers in the next lot of financials..

So a 2.5/3% plant efficiency saving with recovery rate improvement could in effect cancel out the discounts. A strong Silver price will also cancel out the impurity penalties too..

We need to see the Q1 2017 data here to clarify, we will get better results from the plant as everything is fine tuned.., but it is all coming together now and we are rolling at 10.77MTPA.. :o)

[sirmoori] 01/3/2017 15:44

https://www.bloomberg.com/amp/news/articles/2017-02-28/biggest-copper-miner-sees-prices-supported-by-improving-demand

[superbobtaylor] 01/3/2017 14:41

Also note from the latest presentation the impurities have been brought right down in the last few months. As levels have been halved and Sb down 10% from Nov 2016.

I also don't see the need to deduct 10c from the quoted selling price. The all in costs given in the presentation include all of this I think.

SBT

[laurence llewelyn binliner] 01/3/2017 14:16

I noticed this too RP, and wasn't sure if it was an error, or we had particularly strong Silver credits offsetting the impurity penalties, and adding value to returns during that period.., Silver is $18/Oz today...

[rougepierre] 01/3/2017 14:14

OK...bought back into KEFI at 0.338, as all the General Meeting motions were passed...and it looks like ATYM are holding them for the long haul...wonder if they took up rights...?

[rougepierre] 01/3/2017 14:03

That doesn't appear to be true according to the presentation, but I might have misunderstood...

It said "market price" $2.17 "realised price" £2.18 and I can't find any additional costs in the Accounts, other than "Agency & Royalty Costs" as I mentioned above.

In any case, the actual cash costs in Q4 will have been lower than $1.97, based on their 2017 projections...

AIMHO as usual...

[laurence llewelyn binliner] 01/3/2017 13:40

#RP, don't forget payable Copper is -10c/lb under the headline price, net of impurities and Silver credits..

[poleaxe] 01/3/2017 13:34

Reba - if you assume all the sells are buys and all the buys are sells you will be nearer the mark. I added some the other day and there were clearly shown as sells.

[rougepierre] 01/3/2017 13:28

reba...it might be a true price indication for the bargain, but the 'Quote' is not the actual Dealing quote.

I have again written to AIM about this, which is grossly misleading...

By my calculations we have had just over 20,000 Buys and just over 33,000 Sells today but, significantly, the Bid price has gone UP from 142 to 144.06 and the Quote from 142/148 to 144/149 since 10.30...

Pent up demand perhaps....?

AIMHO as usual...