Atalaya Mining Share Discussion Threads

[sirmoori] 20/4/2017 08:56

CFEP has their offer price at 148. I assumed that they had made the deal and reported it.

[laurence llewelyn binliner] 20/4/2017 08:54

Slow and steady wins the race, not a flash and crash.. :o)

We're on the map now as a producer, and it will take time to get noticed as such, all we need to do now is keep cranking the handle, post results and wait for $2.75/3.00 Copper..

[shakeypremis] 20/4/2017 08:52

There seems to be some sort of MM skullduggery afoot. I'm being offered £1.37 to sell just over 1500 shares in a dummy trade, yet a trade has just gone through for £1.48.

[poleaxe] 20/4/2017 08:45

Where is this rise in the share price with the q1 results you rampers were all banging on about.

[acamas] 20/4/2017 08:44

come on,

That sucks, I thought my 12p was rich or £3.44 at present price on some of my shares. I am hoping to break even and then look for pastures new. Surely the last two News releases on ATYM are worth more than 1p on the share price

[reba] 20/4/2017 08:40

Just shows what interest there is in atym
NONE

[come on] 20/4/2017 08:38

Your not the only one, I paid 28p old money for some of these oh dear

[manfrom] 20/4/2017 08:22

Years of waiting.....Full nameplate production, reduced costs, clear profit shown Damp squib comes to mind....

Someone please convince me this was/is a good investment. On second thoughts don't bother because my remaining shares are showing a large loss after 6 years of blind optimism.

[shakeypremis] 20/4/2017 08:18

lol only ONE trade so far this morning by the looks of things, thankfully it's a buy...

[reba] 20/4/2017 08:09

Where's the pillock with 5k sale to spoil things

[laurence llewelyn binliner] 20/4/2017 07:27

I make that $12.6M cash positive (+Silver credits tbc estimated @ $2.5M)
8805 Tonnes of Copper, grades up, recoveries up, impurities down, costs down..

Everything going in the right direction for us.. :o)

#RP, on Copper and currencies, Copper has gone up significantly over the last 6 months now, as the Greenback has strengthened, and the GBP/Euro has weakened against it..

Copper retraced this week, as the Dollar weakened against the Pound/Euro.., it also suits us well to get paid in Dollars, and have a weak Euro to pay all our costs in..

[mip55] 20/4/2017 07:20

Production update released. Copper price average 2.48 against previous 2.18 Plus this from Rio Tintos latest production figures....Mined copper production was 37 per cent lower than the first quarter of 2016 due to a 43 day labour strike at Escondida. This strike, combined with the curtailment of production at Grasberg, has led to revised 2017 mined copper guidance of 500 to 550 thousand tonnes.

[stockknobjockeyvanbookstino] 20/4/2017 07:19

Cash costs $1.83 look good.

[langerman] 20/4/2017 07:18

Production results at Proyecto Riotinto were in line with targets for the quarter ended 31 March 2017. The operation set new records for both throughput tonnage and copper recovery as 2.2 million tonnes of ore were milled at a recovery rate of 84.63%. Full year annual forecasts for copper remain as previously guided at 34,000 - 40,000 tonnes. Mining operations continue to run according to mine plans. Blending different ore types from the Cerro Colorado pit has provided consistent feed quality to the processing plant which resulted in higher than anticipated metallurgical recoveries and concentrate grades. Adjustments to geological modelling are currently under evaluation to improve mine-to-mill efficiencies. Drilling and blasting parameters have been adjusted to improve fragmentation, loading rates and crushing capacity. Surface re-contouring on the south waste dump has been initiated as part of ongoing rehabilitation works and additional rehabilitation methodologies are being evaluated. On-site concentrate inventories at the end of the quarter were reduced to minimum levels. Concentrate deliveries to the port at Huelva amounted to 41,131 tonnes. Concentrate sales were not affected by disruptions at other ports across Spain. Cash costs during Q1 2017 of $1.83/lb of copper were lower than in the same period in 2016 when operations were starting to ramp up and also as compared with Q4 2016 owing to lower penalty levels and lower TC/RCs. The full year forecast remains as previously guided with a range of $1.90/lb to $2.10/lb. Sustaining capital for the quarter was $0.6 million with a full year forecast of $2.1 million. The majority of spending in the quarter related to improvements in process water supply and services, modifications to the processing flowsheet and upgrades at the main incoming substation. A number of studies are under way to further debottleneck processing capacity. Capital will also be allocated to improve environmental requirements. Accumulated capitalized stripping since the start of operations amounted to $18.8 million slightly lower than the forecast as less waste than expected was mined. Copper prices continued to rise in Q1 2017, with an average price realised of $2.48/lb, compared with an average of $2.18/lb for Q4 2016. Near-mine exploration drilling is under way with one RC drilling rig and one DDH rig. The programme is designed to confirm the lateral extension of Filon Sur as well as the northern extension of the Atalaya pit. During the quarter 2,660 m have been drilled out of a total of 7,200 m at Filon Sur and at the Atalaya pit. An in-fill drilling campaign of 4,400 m at Cerro Colorado is also under way with one RC drilling rig. This campaign is targeting inferred resources with the objective of increasing confidence levels and potential reclassification. PROYECTO TOUROAs previously announced, the Company exercised an option to acquire a 10% interest in Proyecto Touro located in northwest Spain. The acquisition of the project is based on a staged earn-in agreement increasing from 10% and up to an 80% interest once commercial production is declared. The permitting process has been initiated during Q1 2017, with submission to the relevant authorities of the environmental impact study, exploitation plan and rehabilitation plan. Geological, hydrogeological and geotechnical studies have also been completed and incorporated into the study. In-fill and step-out drilling is ongoing across the property with two RC drilling rigs and one DDH rig for a campaign of 7,900 m. Resource modelling is well advanced based on both historic and current knowledge of the deposit. Metallurgical test work at feasibility study level was completed during 2016 with modelling confirmed based on this latest information. Further details will be released before the end of the second quarter. Basic engineering is progressing with a view to completing a capital and operating cost estimate as part of the study. Long-lead items have been identified together with suppliers' quotations. Alberto Lavandeira, CEO commented: "Since reaching nameplate capacity at Riotinto at the end of 2016, the plant continues to run smoothly and we are on track to meet our production targets. While our aim is to seek further operating efficiencies within the plant, we are also focused on infill and near-mine exploration drilling in order to maintain our 16-year mine life and extend our reserves and resources. We have also carried out an extensive drilling programme at Proyecto Touro and are pleased with the progress made to date."

[laurence llewelyn binliner] 19/4/2017 19:29

There are many factors at play here Iankn73, amongst the murky pool of data coming from China, I put Copper dropping off largely down to the Greenback softening 2.5% yesterday..

The day to day movements in Copper I've given up trying to make any sense of now, it sort of is what it is.. there are a myriad of unfathomable strategies at play and the long/short positions are not transparent, the big funds can control it, and the price usually does the opposite to what makes any sense, we are just along for the ride..!

The daily/weekly swings don't effect us too much, what that matters is the average price per pound over the full year, and so far it's on or around $2.60, if it gets towards $3.00 we are minting it..!

Q1 results this week would be good..

[iankn73] 19/4/2017 17:15

What has happened to copper. Chinese GDP growth figures looking good at the beginning of the week. IMF raises global growth forecast and copper sub $2.50 go figure.

I could be way off the mark here. As I read it a while back WTI, was struggling to make a profit even when copper was at recent highs, so not sure what chance it has with copper dipping below $2.50. Would I be right is saying that then need a higher copper price in order to profit and that they are also heavily indebted to Orion.

RP - Good luck with both as we may need it.

[superbobtaylor] 19/4/2017 16:22

RP, WTI were a completely different company back then. Different management, different mine and different master.

SBT

[rougepierre] 19/4/2017 15:01

WTI have been below this level for half the last 16 months lankn....luckily, barring unnatural disasters we don't have the problem of unnaturally heavy rainfall stopping mining here....

However, they've also been close to or more than twice the current price in the same period....

Like ATYM, the share price was much higher when the copper price was $3.00, only in WTI's case it was 8 times higher but in ATYM (EMED's) case only 2.5 times...

Recovering both would be some result!!!

[iankn73] 19/4/2017 13:27

Agreed acamas. Hi RP - I wouldn't call it a rise as it seems more like a minor recovery from the recent cliff fall. :-)

[rougepierre] 19/4/2017 13:20

Just bought another 1000 BP for my ISA....yields 6.58%...prospective P/E multiple of c10x...crazy....

Mind you, we could be yielding more than that in 5 years time....

AIMHO as usual...

[rougepierre] 19/4/2017 13:06

BTW lankn...WTI up 12.5% today....9th biggest riser...

[rougepierre] 19/4/2017 12:36

Ah...you can sell 100 at 140p.....yawn...