Atalaya Mining Share Discussion Threads

[rougepierre] 20/4/2017 16:25

Reba...ignore the advice to stick it in the post office...

Stick it in BP at a yield of 6.61% which will rise....on a 5 year view unless you're forced to sell you'll be able to sell at a higher price if you want to cash in....

AIMHO as usual...

[rougepierre] 20/4/2017 16:22

Still think we'll make at least EBITDA of £40 million this year....

AIMHO as usual...

[vish65] 20/4/2017 16:11

Laurence Llewelyn Binliner
20 Apr '17 - 07:27 - 6621 of 6661    1   0
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.


BUT....


Capitalised stripping costs at 31/12/16 where a cost of 13.8m euros or $14.9m (per accounts note 13 property & plant)

RNS : Accumulated capitalized stripping since the start of operations amounted to $18.8 million

So that's $3.9 million out the door on waste removal in the quarter and capitalized over the life of mine . Some will be a fixed overhead % but by far labour and variables will form the bulk of this.

So $12.6m is really nearer $8.7m

This then being worked back in to the unit costs within the all-in-costs as part of the amortisation charge

I stand to be corrected.
Best regards

[acamas] 20/4/2017 16:11

Husbod,

I cannot believe we are an orphan in the mining industry. They all know we exist and must have an eye on The Copper Market worldwide which nowdays includes us. We have been gearing up to this for about one year. Yet no one appears to want to stock build in our future. Everything at the operations end appears rosy but the share price tells a different story. It is lacking in sustained buying but we are not lacking in production. Frankly I have had years of false hopes dashed by lord knows what because I can only see the bank account increasing by the barrow load. bwdik!

[husbod] 20/4/2017 15:59

You and I could sell our entire holdings Acamas - that would guarantee a meteoric rise :-)

More seriously these things can happen without specific events, just an appreciation of how undervalued we are now that we are a profit making producer of the most important metal for the modern world.. Plus of course the POC.

[acamas] 20/4/2017 14:55

Over this month alone 2 RNS documents have been published containing excellent news and the share price has increased by 10p.

Question to any reader "Now that there is no expected good news on the horizon, what will drive this share price upwards over the next two months"? All I can think of is the price of Copper.

[shakeypremis] 20/4/2017 14:44

I highly doubt that 10k is a buy. Having said that, someone did buy them. Just at a lower price than the offer. Probably Mr 5k who is the seller.

[husbod] 20/4/2017 14:38

You reckon? - it's considerably cheaper than any other buy today if it is.

[shortarm] 20/4/2017 14:27

140.96 is a buy.So, 10K buy

[gcpinc] 20/4/2017 14:25

There he is again !

[gcpinc] 20/4/2017 12:47

Husbod

There has been consistent 10k sells over the same period !

[husbod] 20/4/2017 12:44

I wondered that too but it was followed by a 25k buy plus my own little modest investment.

[husbod] 20/4/2017 12:35

In view of the Cantor comment but more by gut instinct I have indulged in a modest top up to partly offset Mr 5k.

Haven't had a response yet from the AIM Regulator.

[shakeypremis] 20/4/2017 11:59

Wahey, our second buyer of the day... :/

[acamas] 20/4/2017 11:37

SBT,

Is this gold and silver from tailings?

[superbobtaylor] 20/4/2017 11:32

Cantor-Fitzgerald sets £2.39 price.

hxxp://www.fiscalstandard.com/2017/04/20/cantor-fitzgerald-indicates-potential-66-43-increase

Interesting to note the "Cash Cost" has come down but "All-in cost" has remained constant with Q4. According to the presentation there will be:

an extra 18c of depreciation (which is now cash in the bank, an extra ~$1M).
an extra 11c of sustaining capital. Cash spent.
and extra 3c of reclamation accrual. What is this?

SBT

[acamas] 20/4/2017 11:32

Husbod,


I have a cunning plan on how best to invest. If we obtain sustained momentum then I will stay for the ride. If I feel the big 4 are placing pressure on the share price indirectly then I will look for better opportunities elsewhere signed Baldrick

[shakeypremis] 20/4/2017 10:59

The share price should re-rate even without dividends. Share prices are supposed to reflect the value of a company to some extent. If someone wants to buy ATYM, as things currently stand, they will have to pay more than 142p a share.

[husbod] 20/4/2017 10:40

Fwiw and I may be dreaming I think this share is now one of those unknown gems that will all of a sudden become identified for what it is whereupon we will see a rapid and sustained rise to reflect our p/e etc.

In other words once the wider investment market actually sees us we'll be on our way.

Reba et al - we have only now just started making a profit after years of pipe-deams. Our true worth can now start to be assessed. Hang on in here.

[rougepierre] 20/4/2017 10:36

If I can make a well-intended suggestion...

Whatever any of us have paid in the past is history...it can't be changed....

So every day I look at every share in my portfolio and ask myself "would I buy this share at this price"...OK if I wouldn't, should I sell it at this price? If I believe I should consider that possibility, I re-examine the fundamentals, because sometimes it is blindingly obvious that there are profound reasons to sell...

So for that reason I sold just over 25,000 of these at 160+ because I thought they had gone too far in the short term, well in advance of the results...the market thought so too and they were driven back down on profit taking....

But then when they got down to and below the placing price, I thought "this is ridiculous" and started to buy steadily down to 127, by which tie I had bought back more than I had sold...

However, especially in the light of the stonking results, to be stuck more or less at the placing price is very frustratng...

Would I sell at this price? No. Would I buy more at this price? No. So I'm holding until I double my money and then will sell half...

So in a spirit of goodwill...if you look at your shares and you believe the negative stuff you are posting some of you, surely you should sell? The past is the past...

Of course I believe these will go very much higher in due course, but that is my view.

And for those of you who bought very much higher. You can't change that...HAA was frankly incompetent; AL has worked wonders; the future is bright...dependent on copper prices...and at this price we're throwing off more than £40 million cash per year (so 10 years is ridiculous reba...)

But please don't overlook this...the copper price was very much and consistently higher in several of the years that some of you bought and held...that remains the major driver IMHO...

And I cite the example I gave yesterday...when copper was last over $3/lb, WTI was EIGHT times the current price...that is leverage...EMED was only 2.5 times, because it (ATYM) is a far better prospect...

So in conclusion, the burgeoning cashflow...the prospect of much higher and consistently higher copper prices will provide tremendous leverage to the share price as well...

And if you don't remotely believe that, ask yourself why your still here and why you don't sell up, cash your losses and invest in a better prospect (if there is one)...

AIMHO as usual and with the best and most honest intentions...GLA

[gcpinc] 20/4/2017 10:35

I notice the £1.48 trade has now been omitted !

[laurence llewelyn binliner] 20/4/2017 10:28

Reba, Chap.. you need to accept you got timing wrong like a lot of us, but now we are on the road to recovery and a year or 2 out from now we will be in profit..

Do yourself a favour and be more positive about your investment now we are de-risked, on the map and making money.., the time has gone to be negative, move on or try the Post Office for savings.. :o)