Atalaya Mining Share Discussion Threads

[acamas] 06/3/2017 17:47

waterloo01,

Shall I go onto the naughty boy step? I just find it all so confusing and this is only one of a number of shares I am trying to keep abreast of in my portfolio and those I am keeping an eye on for possible inclusion into that portfolio.

By the way thanks for your reply

[waterloo01] 06/3/2017 17:41

Acamas, you've not been paying attention. All discussed over the last weeks. Deferred consideration is 43.8m up to a max 15.9m depending on copper price, marketing/sales agreement (they get a small % for 10 years) and they got shares originally.

It was also pointed out to me today by another investor that the % offtakes are not a fixed % over all production but limited to 5mpta (I think).

[acamas] 06/3/2017 17:32

waterloo01,

What I really am after is when are we divorced from them completely. How much do we have to cough up to achieve this position. Is this Judgement when completed the end of Astor and EMED(Atalaya) association. Or are there other connections like shares, off takes etc

[waterloo01] 06/3/2017 17:26

Acamas, not sure I understand the question? Astor is now all a known known. (short of a renegotiation that might change the terms). Not sure they still have the shares? Suspect traf have them now. Anyone know.

[reba] 06/3/2017 17:17

I have a Concept2 Superbob
I usually row at level 9
Best time is 126-14 mins
Usually burn 1000 calories

[rich1e] 06/3/2017 17:10

I don’t think that anyone is invested solely for dividends, even the major shareholders. As much sense as it makes to use dividends earned to pay for off takes it makes just as much sense to sell your shares for a tidy profit today and buy Lloyds tomorrow, start yielding 8% straight away and pay for your off takes with that.

[acamas] 06/3/2017 17:08

waterloo01,

What is the full win position for Astor? What is their trophy what exactly do they get to keep? Would anyone like to list the benefits for them

Such as the total sum we have to pay them. Any shares they hold in us and any off takes. Do they have their claws into us in any other way?

[superbobtaylor] 06/3/2017 17:03

O/T

The world record for ERG 1/2 marathon(21097m) over 70's category is 1:25. [Concept2, obviously] You should have a crack Reba, sounds like you are just warming up as you jump off the ERG and do another hour.

Is it a bird, is it a plane, no it's super Reba.....

We AYTM investors know we must keep in top shape in order to have any chance of seeing a return on our investment. AYTM investment, the best health plan known to man!!!

SBT

[Full disclosure. Age: 40's. Resting heart rate 55. Best time ERG 2k 7:16. Today, 40mins on treadmill 8.25km.]

[waterloo01] 06/3/2017 16:57

reba, know what you mean, lucky chap.

IMO we'll be clear of Astor by this time next year, so they can pay dividends then (and increasing ones as Touro comes online). Regardless, and while I too want dividends, I;ll accept capital appreciation in the meantime.

Rouge, very possible as a route forward, however at some point we'll need to pay them off and in some ways, the sooner the better as it puts us back in full control.

[rougepierre] 06/3/2017 16:52

So what price would make you happy reba...

The NPV of this company at $2.75/lb is 370p...add an estimated 250p for Touro...

What makes you say it's all in the price...

I think you might be pleasantly surprised late March, let alone late April...

[rougepierre] 06/3/2017 16:50

Excellent waterloo...

Just one point...

I've reread the Master Agreement and the RNS and the prohibition seems to be on the subsidiary (Atalya Minera...) paying a distribution or repaying debt to the parent...

The smart thing is to have Touro in a separate subsidiary because I can't see anything preventing that company or the parent from raising debt to fund Touro, against the security of the consolidated Group assets...

What do you think...?

[waterloo01] 06/3/2017 16:37

reba, sounds like what you really need is a 'nubile friend'!

Re the SP, I suspect we have traders selling on the news. Most shares seem to be in fairly long term hands and we remain significantly undervalued on almost any comparative metric. Any larger buyer, will have to accept they will need to push the share price higher, if they want to tease out enough shares.

The judgement removes some uncertainty and puts the payment schedule back in our hands, without penalty and certainly with no damages. Hopefully once the dust settles, the two sides will sit and deal so that Astor get some clarity on a payment schedule and we get revised terms.

If not, then when we raise the funds for Touro (early 2018?), we'll need to raise a further 50m and get them off our back at the same time. At this point, I'd suggest we could do it all with senior debt, if desirable, as we will be a virtual cash machine and a very safe lend.

Edit: for those that don't have a copy of the judgement, it's worth a read. One thing it does show, is that at different points Orion ($160m)and separately Traf ($150m) plus a consortium of banks were willing to lend us the money to get PRT up and running (they just refused to have the raised funds used to pay off Astor). So we have lot's of options going forward.

Alberto came out of this all really well and the judge was obviously impressed.

Cheers

[come on] 06/3/2017 16:31

It's always something with this share, well that's hopefully out the way, now for the steady rise to where we should be

[rougepierre] 06/3/2017 16:28

I cycle 2 miles on a static bike 3 times a week at 13 mph...my heartbeat goes up to 105 from a resting 70...

Meanwhile, a very satisfactory day...holding my optimum level for the Q4 update in March and then the results on 24 April...

Astor is just a practicality now...no news overhang...just good or even great news to come...

Has anyone noticed that our price graph in the header almost exactly matches the copper price graph today...?

Why is copper still so low...Goldman Sachs shorting...?

GLA

[laurence llewelyn binliner] 06/3/2017 16:24

As a lot of us expected, the news didn't really have much of an impact on the share price ., it's all about demonstrating profits now..!

4 weeks to end of Q1-2017, and the 1st Q we are rolling at 10MTPA+.. :o)
FY2016 financials, and Q1-2017 tonnage numbers expected mid April..

[acamas] 06/3/2017 16:24

Reba,

I did today 1322 metres in 8 minutes forgot to look at the level I was on. Good for you doing 10 times the normal Olympic distance

[reba] 06/3/2017 16:21

Down to within 4p from where we started from this morning
After all the good news

[reba] 06/3/2017 16:19

Acamas

I row 20,000 meters every other day and it takes me 1hr 28 mins. try it
I then jump on the exercise bike and do 15 miles.Then sit ups etc on a u tube
Then arm weights
and finish on various exercises with a stretch rope
Have a small gym at home

[manfrom] 06/3/2017 16:13

A lot of sellers today?

[acamas] 06/3/2017 16:12

I'm in my seventies and have just returned from the gym. I am on a HITT program and I can assure everyone that 8 minutes on the rowing machine has my heart almost popping out of my chest. My target is to build up to 10 minutes on this machine. My program over all is not of a long duration but boy is it intense. The exercises include the punch bag, step ups with a medicine ball, pull downs, shoulder press, chins, free weights and bikes. That lot comes to approx 1 hour and I feel exhausted. So I go down to The Spa for a 90 minute recuperation

[estienne] 06/3/2017 16:04

That's what I like to hear, there's always tomorrow

[reba] 06/3/2017 16:00

SuperBobTaylor

It's true, just like ATYM is going to reach £2

[superbobtaylor] 06/3/2017 15:53

Ha ha reba you crack me up.....

SBT