Atalaya Mining Share Discussion Threads

[iankn73] 12/4/2017 16:07

We are holding up well. Considering copper is taking a clobbering with the markets in risk off mode.

RP - You still holding WTI as the share price has taken a significant hit lately.....

[waterloo01] 12/4/2017 12:11

Orion were reported (and posted here about 1 month ago) to be selling many of their off-takes, not just ATYM.

[laurence llewelyn binliner] 12/4/2017 11:21

Interesting find, as I see it, if there were any off take rights up for grabs, our other II's would be first in line to pick them up, and I can't see Trafigura not wanting them for the Copper and to go 50/50 with XGC..

Orion selling their shares is another matter altogether, not necessarily connected to the sale of off take rights, and we've not seen an RNS when a holding threshold has been triggered..?

Capital structure @ 08.03.2017

Urion Mining International (Trafigura) 25,684,344 (22.0%)
Yanggu Xiangguang Copper (XGC) 25,588,527 (21.9%)
Orion Mine Finance 16,986,609 (14.6%)
Liberty Metals & Mining 16,315,789 (14.0%)
Majedie Asset Management 7,067,462 (6.06%)
Board & Management 571,377 (0.5%)

Orions holding was the same in Nov16, and Feb/March 17 presentations, so they have not reduced their position..

Corporate / II strategy/gamesmanship playing out, it's getting interesting now we are scaled up and producing ..!

[husbod] 12/4/2017 11:09

Interesting. So if Orion has sold it's offtake benefits to a third party (surely it can't be Traf as that would be disclosed as a matter of course I would have thought but even if it's not Traf why would the identity not be revealed in any event)that could be what Van was getting at (I don't have the energy to track back to find his post).

Also the sale of the offtake benefits could mean that Orion have decided to extricate themselves from the company generally and are offloading their shares. Rouge you have said on a couple of occasions that they can't sell without Board approval. Could you please give me chapter and verse on this but even if it is correct who is to say that that approval has not been granted. Maybe they have said that no you can't offload the lot unless you can find an II to buy them but you can drip feed them into the market. Maybe an e-mail to the company expressing our concern about Mr 5k and enquiring whether they know who it is?

[rougepierre] 12/4/2017 10:15

From another website...

Re: Offtake agreements If Trafigura are indeed the "Third Party," I think I could successfully argue that the term "Third Party" does not correctly describe them (Trafigura)Trafigura are already a significant holder of shares in ATYM. It cannot surely be correct to merely describe them as a TP and in so doing, hide important information from either the Company or other shareholders.Surely a Third Party is NOT already associated in any meaningful way with the Company.

Re: Offtake agreements Possibly, or Trafigura (sorry a third party) paid them handsomely to take over their offtake obligation.If Orion no longer have any interest in offtakes then might they be more inclined to accept a Trafigura takeover bid if it were to happen.

Re: Offtake agreements If that is the case, then it would seem to indicate they expect significant appreciation in the share price here.

Offtake agreements In the 2016 Annual Report it gives this information about the offtake agreements"XGC has been granted an offtake over 49.12% of life of mine reserves as per the NI 43-101 report issued in September 2016. Similarly, Orion has been granted an offtake over 31.54% and Trafigura 19.34% respectively of life of mine reserves as per the same NI 43-101 report."This is exactly as I understood it to be but It goes onto say"In November 2016, the Group was notified and consented the novation of the Orion offtake agreement as Orion reached an agreement with a third party to transfer the rights over the concentrates"(novation: the substitution of a new contract in place of an old one)So Orion have given up or sold the rights to their offtake agreement to a THIRD PARTY.If that is the case then Orion join Liberty Metals, Majedie Asset Management and us PI's as merely share holders with no extra benefits.That equates to around 55.5% of the shares in issue. The holders of these shares are relying on share price appreciation or dividends to see a return on their investment.

[rougepierre] 12/4/2017 09:55

Last four updates...

14th, 25th, 11th, 17th...tomorrow or 18/19th are very doable...

[acamas] 12/4/2017 09:47

What has happened to"My word is my bond" has it morphed into "screw you"

[husbod] 12/4/2017 09:42

Besides Acamas it's less than two weeks from the end of Q1 so I would not expect any figures to have been finalised yet.

[husbod] 12/4/2017 09:40

Rouge - I recall very clearly when I was a mere youngster in the days when you had to telephone your broker to get any information on a company let alone buy and sell that I was told in no uncertain terms that it was not acceptable to drip feed sells into the market - if you had decided to sell then you sold the lot.
Presumably this was to prevent attempts to rig a share price but obviously such old school morality does not apply today.

I wonder if the FSA or AIM regulators (assuming there are any)would have a view on such conduct.

[acamas] 12/4/2017 09:30

There will not be any RNS's published this Friday RP because nobody in Christendom will be working on stocks and shares. I should think it is impossible to get one published on Friday

[rougepierre] 12/4/2017 09:18

The trouble is, world class Ops Director though he may be...and I know he's putting huge effort into institutional presentations, but....

Timing is not his forte...

The no-brainer would seem to have been....

Let 6 April ISA day pass with no RNSs, allowing the share price to surge...and then ease back...

Then bring out the Finals, say on Monday just gone...and ease back....

And then bring out the Q1 Ops Report, say this Friday.....

And by now we could have been back in the 160s IMHO....

C4 doesn't seem to have a clue on managing PR and markets...

But meanwhile, because we missed this triple punch strategy, the share price is stuck around the placing price...

And I'm now CERTAIN there is a sinister motive behind Mr 5,000 because they always time their sales for when the market has got underway and...

They always sell at a price lower than they need to (i.e. on the Bid or lower)...

So who is it?

An agent of Traf keeping the price down for a bid?

MMs manipulating the price?

A long, tired holder who bought a chunk in the Placing?

Whoever they are they are either stupid or malicious because this share should steadily motor ahead to places where they could sell much higher, if left alone, only held back by the copper price....

Which by the way is also puzzlingly low...

AIMHO as usual....

[erric] 12/4/2017 08:55

I am not from the dark side so I think that Alberto probably threw the kitchen sink into last year's figures so that we can report a flying start to 2017.
As far as the share price is concerned I have always believed it's long term trajectory is purely based on grades and world copper price, regardless of how efficient we are as a company and the indications with Europe, India and China are pretty good at the moment regardless of Trump's infrastructure plans.

[shakeypremis] 12/4/2017 08:54

Mr 5000 still dumping.

[reba] 12/4/2017 08:47

Now Now Acamas
In a good mood after hols, make the most of it as I can turn at any time.
True what I say though

[acamas] 12/4/2017 08:32

reba,


Nice to see you are joining us away from The Dark Side

[iankn73] 12/4/2017 08:24

I believe we will get an update at some point next week.

[shakeypremis] 12/4/2017 07:19

It can't be long until the Q1 production update now.

[shakeypremis] 11/4/2017 11:27

Normally this level of selling would have led to a drop. I know as soon as I hit 'Post Reply', that that's just what will happen but any way.

[shortarm] 11/4/2017 10:13

Nah, if you were that funny you'd get more ticks up and wouldn't have to resort to name calling....

[cufes2] 11/4/2017 10:10

I'm nearly as funny as the muppet claiming MM manipulation at AAU . . .

[shortarm] 11/4/2017 07:49

You should have your own show Cufe - you're that funny :-)