Atalaya Mining Share Discussion Threads

[keelhauled] 28/7/2017 14:30

ATYM.L price on stockcharts.com was last updated at the close on 16June @119.50. Stockcharts Support reponding to my email today advised "The LSE has split off a large number of stocks into a new exchange. (We have no idea why they did that.) We are in the process of getting approvals for that new exchange now. Once those are in place, those stocks should start updating again." Is this common knowledge?

[rougepierre] 28/7/2017 14:18

cheers mate!

[saintb] 28/7/2017 14:16

RP. I love your figures and quietly, when I feel low, I think of your forecasts and it makes me feel better about my investment here.

But there are two sides to a coin and I can only use a placing as a reason why Mr. 5K or 10K, whoever he is (or are)sold below the bid over such a long period - and Astor is a drag.

As I have said before and like you say, I am waiting for the end of the year figures (early 2018) and I will not be making any major decisions ( notwithstanding any placing, of course) until then. Either way, I agree, the share price should be higher than now.

Thanks for your enthusiasm.

Que sera, sera.

[rougepierre] 28/7/2017 13:37

Some big trades going through now...and I'm still bid 129.882 for at least 40,000 shares...

[sithuk] 28/7/2017 13:22

As van pointed out, the majority of our costs are in euros. It's the Euro price of copper that's important, not dollar. Is it better to replace the dollar price chart with a Euro one? I found the site below that shows the copper price is fairly flat in euros, despite the recent dollar rises.http://www.infomine.com/investment/metal-prices/copper/1-year/

[mds2028] 28/7/2017 13:15

but a C63 AMG S losses 20% as soon as you have bougfht it,
LOL sounds like our shares,


lets hope AL will not lose 20% after his purchase but treble over the coming years

[rougepierre] 28/7/2017 13:09

My bad MDS...

His salary in sterling last year was £286,825...

After Spanish tax that is £164,824

Therefore I'm afraid he spent only 44.4% of his after tax salary buying the shares...

Its also only £4,000 above the cost of a new C63 AMG S.....

[saintb] 28/7/2017 13:01

MDS2028. Re Post # 8198. Paragraph 4. I am of the same opinion. It makes sense to me too. That doesn`t mean it will happen, but the Astor situation is currently a metaphorical " Ball and Chain" around the company ankles and I am sure investors can find other potential investments with less baggage than AYTM is carrying at the moment.

In spite of some posters enthusiasm for this share, they seem to offer endless suggestions about other investments which are or can make them money which could support my earlier argument about lack of new money here.

As far as the "Technical issues" reported by SH on ii and discussed here,it could be true. It may just be me, but the Atalaya website is showing a share price of 118p,which is slightly out of date, so something "technical" is not working.

[rougepierre] 28/7/2017 12:53

Acamas and anyone else who's out or wanting more...

You'd better get back in guys...

The market has just taken 30,000 at 129.667 BUT....

They're still bidding me 129.882 for 40,000...yes forty thousand...

[mds2028] 28/7/2017 12:45

RP - Al bought "purchased 60,000 ordinary shares in Atalaya at an average price of GBP1.23" £73,800
Page 12 of Annual Report For the year ended 31 December 2016 his salary was €350k and bonus for doing his job was €500k.
Hardly used all his salary to pay for the shares (as you stated), I was being generous saying he had used 1/4 of his bonus.

Agreed Husbod but from what I can see of the rules, for what is a slight extra expense we would have greater exposure, liquidity and value. whats not to like?
And could raise alot of money to move the comnapny forward from this stale mate we are in
There is no minimum market cap, its just the fees puts of doggy companies with little turnover that stay on the casino

[rougepierre] 28/7/2017 12:45

MDS...I completely agree with your final paragraph, except if the Copper price reaches and stays above $3 I don't think we'll need any more cash...

Husbod mate...there is no meaningful restriction on moving to a full listing...SXX have just done that...it's just we wouldn't be in the FTSE Allshare until certain criteria had been met...

As to the costs, they're far lower than you think (see my post earlier this year) and would be IMHO a tiny fraction of the net benefit we would gain in a higher share price and wider institutional interest...

Timescale:

Q2 Production report

H1 Financial results

Resource update at PRT/Touro

Q3 Production report (falling C1 costs)

Q4 Production report

Q1 Production report

Full year results

Astor paid off

Main market listing

Maiden dividend

AIMHO as usual...

[husbod] 28/7/2017 12:13

Main market listing is expensive mds so whatever the more sinister reasons for staying on AIM could be (and there are plenty of big companies on AIM)I would have thought that we have more important priorities for our recently earned funds.

I am sure it will come in due course but not yet.

Anyway, you can't just list on the main market - so far as I am aware you have to have a specified minimum market cap which obviously we don't yet have.

[mds2028] 28/7/2017 12:05

RP I respect you for your efforts on on trying to get the regulator to look into the manipulation, but AIM is corrupt and everyone knows that, part of its function and success has been because it is corrupt. You of all people having been in the market in the past no its a cesspit

Maybe a reason Traf isn't pushing for us to go onto the main market?
Logic should dictate that we should be 100% focused in getting off this casino, then we can be seen as a proper company and not mickey mouse outfit so allow institutions to take a stake in us as well.

FWIW we should go to the main market and raise the equity we need for our new mine and further acquisitions, paying off Astor and immediately start paying divis, now that would be a smart move!

[rougepierre] 28/7/2017 12:03

Sorry MDS, we'll have to completely disagree on paragraphs 2 and 3...

Do the numbers yourself after the RNS...

AIMHO as usual...

[rougepierre] 28/7/2017 12:00

Oh and waterloo...noted post 8167....

Market doesn't agree though...

Somebody sold at 0.22 at 9.06 (hope it wasn't you?) But they were driven right back up and somebody paid 0.4899 at 10.37, which is 20% higher than yesterday's closing Offer!!

Like ATYM, WTI is a highly leveraged play on the copper price...

And that's why I'm in DEEP here...

GLA

[mds2028] 28/7/2017 11:56

RP - I am not saying CU isn't going hiegher, that much is very clear, what I am saying is it will retrace next week at the same time our (for no good reason) late update is released.

AL is part time, he is not 100% focused on the job, as CEO he has seen a share price stagnate and drop on his watch. Until he has an FD and a company performing against something close to the value that the 5 separate annalists have calculated, he should be focused on delivering value to the people that pay his wages.

AL purchase of shares was 1/4 of his bonus for doing his job - Fact and he hadn't invested for 18 months before that, strange that he invested at a time he is going part time and knows there is an equity raise coming in October.

We need the equity raise as we can't use our cash to pay for it due to Astor, we can't take a loan due to Astor, so to exploit the new mine and place down payments for equipment, we will need some money.
Maybe Traf will stomp up some money for a very nice discounted off take (again).
But the fact is, to start placing orders and having already stretched our creditors, we are financially boxed in.

The AGM approved 30% equity 10% and separately 20% that could be generated if the BOD see it as being necessary, at no point in any statements where financial options have been stated by the company has equity been discounted as an option (although AL said in the past the last raise was the last raise)

[rougepierre] 28/7/2017 11:50

PS Husbod...I believe you'll be buying BKY at a significantly higher level...maybe more than double the current price (courtesy of the Kazantomprom debut...)

In the meantime, have a look at AUR..issued at 1.4p...flew to 2.48p...I bought in at 1.3p...you can do, but they'll be a slow burner and an alternative to BKY (and GCL which may slip back to a discount...)

Still, ATYM could be more than double also IMHO...

[rougepierre] 28/7/2017 11:45

Very predictable by now Mr 10k...

But the market took all the stock and somebody helped themselves at 134p...

I've given up Husbod because they just come back with platitudes...they completely ignored the detailed evidence I gave them about many many sales that went through well below the Bid while the Market size at the price was at least that big to have absorbed all the stock and more...

Like now...

(That detailed evidence came courtesy of a highly reputable Broker...NOT TDDI)

I can sell 10,000 at 129.38...

Or 30,000 at 128.3...

Once again, nobody could be that stupid, so it's got to be manipulation in league with a MM....

(Don't bother CuFe...)

[rougepierre] 28/7/2017 11:38

HE'S NOT PART TIME!!!!

HE INVESTED HIS ENTIRE AFTER-TAX SALARY!!!

Are you talking this down because you missed out lower...?

Copper is on a tear....

hxxps://dailyreckoning.com/comeback-king-ready-hand-staggering-gains/

Meanwhile, LME stocks falling again (a more than 2 month low) and we already know Shanghai stocks have been run down to a more than 6 month low...supply/demand deficits for the whole of HY1 2017...

hxxp://www.insidefutures.com/article/2007341/Barchart%20Morning%20Call.html

copper goes 'red hot' on growing supply deficits...



Not even AIMHO this time...a welter of experts and respected sources...DYOR...

[husbod] 28/7/2017 11:33

I assumed you were in BKY rouge and I very much like the look of it. However, as one of the posters there said a day or so ago it's all about timing.

Your timing here was massively better than mine but having been badly burnt, temporarily I trust, here for going in too early and given that there is about 18 months before BKY actually produce anything I might bide my time.

That decision is probably a strong buy signal for everyone else but my ideal world would be for this to be £3 in 18 months time (which is certainly not beyond the realms of possibility) with BKY more or less still where it is now whereupon I'll top slice here and invest there (all other things being equal).

In the meantime I'll stick with GCL on uranium.

Sorry to see that you've given up with the pursuit of justice as I have at least for now.

[iankn73] 28/7/2017 11:27

MDS - You have no idea if copper will retrace, it could easily climb further.

Most of what you talk about is speculation, if you ask me.

Even if it does retrace as you put it. We are still in exceptionally profitable territory regardless.

[rougepierre] 28/7/2017 11:17

Sorry MDS but I think you're well wide of the mark...

And BTW my own experience of being a NED as well as ED was OUTSIDE the City, in a major Building Society and long before I was a AIM GFD...