Atalaya Mining Share Discussion Threads

[laurence llewelyn binliner] 31/7/2017 19:18

#Acamas, the progress of the company is what matters the most of course, share price secondly for LTH's, clearing up the legacy debts 1st, building on the working capital shortfall, generating reliable, repeatable solid quarterly results, consistently improving the plant efficiency and recoveries, and tonnages produced..

We are on our way now, after the minefield of problems the company has worked through, and we're scaling up just as the Copper price hits $3 a pound, with speculation of $4 in 17/18.. we couldn't have timed the project much better IMO, our PI buying in timing could have been better .. :o), but I'm just adding every now and again where possible, and 1 day this will be a $1BN+ market cap company paying dividends.

[acamas] 31/7/2017 18:52

Erric,

I believe you need to be open minded about this share and not keep attempting to expect it to prosper like the company. I can remember when it was 23.5p per EMED share old money. The Company has travelled far since those days when it was tied up in ownership knots . The Local government were not friendly with the Management of the day and the site was very run down.

Sadly the share price is failing to stay the pace with the Company. It has much catching up to do. If it is allowed to advance that far. Comes to something when you have concerns about future plans for the Company from current majority owners

[erric] 31/7/2017 18:18

The elephant in the room is that experienced Institutional Mining Investors are not rushing into this share with the same enthusiasm as regular poster to this BB and when VanH argues why that might be the case then he gets criticism, as do Langostino and CuFe when they point out "the bleedin obvious"

I desperately want this to succeed as I think my average price is around 225p "new money" but I'm not blind to reality.
For this to succeed we need a strong dollar and copper above 3.00 along with good grades. IMHO nothing else really matters because we've proved we can churn out the bloody stuff at the right rate.

[laurence llewelyn binliner] 31/7/2017 17:08

#SBT... on the achieved Copper price being over the average market price, I've been puzzled by this for a while and was waiting for the financials to make some more sense of it.. but from what I can figure out so far, the treatment and refining costs / impurity penalties, or the Silver credits are not applied every quarter, but rolled forward for some reason in some quarters.

I calculated the Tc/Rc costs @ $0.035/lb and the Silver credits @ $0.135/lb.
I've also noted the figures from the presentations to the financial results / accounted for numbers change too as everything is modelled in..

I haven't dissected it any further today, but we are making more profit and that's what matters.. :o)

We have now paid off the inherited social security debt from cash, another legacy issue dealt with, and made a further dent in the working capital shortfall, but disappointing to see the EU grant has failed to materialise, now written off in 2017, if it ever does come in that's another cash result equivalent to a full quarters profits +.

[husbod] 31/7/2017 16:39

Disappointing there was no follow through on the initial rise and I suppose it would be churlish to mention that a 6p rise is precisely 1/5p prior to consolidation.

Again the seller is keeping a lid on things but if he allows us 6p a day for the next two weeks I will stop moaning!

[acamas] 31/7/2017 16:09

RP,

Yes I read the article and took in what it said these are gold mines looking for a hedge and the hedge was copper. Has any of them more copper than ATYM? If that is the hedge then in the AIM mining section ATYM must be 24 carat gold and deserved a mention on its own in that article

BWDIK

[rougepierre] 31/7/2017 14:43

So...results in a few weeks time...NI43-101 report early October...all looking good...

[erric] 31/7/2017 14:25

Rouge, I don't think you should be asking other people not to post - bit of a kettle and pot position, I think.

It's ok if you want to disagree with Van but I for one think his points are well made and worthy of consideration.
It does nobody any good to all agree with each other whilst our capital wealth is trashed, as with most of us LTH's

[rougepierre] 31/7/2017 11:04

But this is an interesting copper/gold play...stop sitting on your ARS and have a look...

hxxps://www.shareprophets.com/views/30630/asiamet-is-well-placed-to-benefit-from-future-copper-shortages

[rougepierre] 31/7/2017 11:00

Acamas...did you read the IC article in full...?

The sting is in the tail...I'm glad we weren't mentioned. In any case we're not a gold/copper play...

"Accordingly, we urge investors to approach smaller miners like Kefi, Rambler and Georgian with caution. It’s great if there’s gold in your copper, but the overall feasibility of the mine has to stack up. "

Cheers mate...

[rougepierre] 31/7/2017 10:57

van...problem with simple maths...?

june 30 to July 30 is 30 days...

Just confirmed my view of you...like CuFe, do you ever post anything positive...tell us what our agenda and your current position is...?

Otherwise please go away...

[pawsche] 31/7/2017 10:38

Regarding "Mr 5K"... I've wondered if he simply only deals with one specific MM, maybe he's connected with them in some way, and thus only gets the price that they're bidding at the time of the transaction. For example, at the moment the bid spread between the 8 MMs is between 120.00 and 135.00, so if I were to sell to, say, Canaccord at the moment they're only bidding 130.00 against the top bid (Peel) who are quoting 135.00.

It might be a daft thing to do, but perhaps not sinister.

[vanhelsingjr] 31/7/2017 10:28

Concentrate produced in the quarter?
Grade of the concentrate?
Silver in the concentrate?
Reasons for average sale price over market average? QP? silver? hedging? take-off margins included?
Concentrate in stock? all shipped to Huelva including the existing stock at the beginning of the quarter?
They need 60 days to prepare an incomplete update.

[rougepierre] 31/7/2017 10:27

Understood Acamas but "experiencing a run on his portfolio and is a forced seller..." for over 8 months now...?

He'd be better off opening a TDDI trading account and selling them himself...or you or I could do it for him for a 1% commission...

Doesn't make sense...and I've looked at months of actual LSE bargain details which show beyond doubt a stream of sales, at or within the sell size of the market, at far worse terms than the market would have given you or me...

All the more reason for this share to get a Main Market listing then those shenanigans would stop....

AIMHO as usual...

PS waterloo...got out of my WTI at a profit this morning....market gladly took all my stock...

[husbod] 31/7/2017 10:25

So presumably Van, you and The Bats are not invested. Nice that you should spend time protecting us from ourselves though.

[acamas] 31/7/2017 10:19

rp,

If the seller is known to the MM's they may be taking his shares piecemeal and quoting special terms. I have had this offered to me once or twice during my decades of share dealing. If the MM's want to play hardball they certainly know how. We do not know why the seller wants the cash perhaps he is experiencing a run on his portfolio and is a forced seller. The seller may not be an individual so a loss of £600 will be borne by joe public on redemption

I am guessing

[rougepierre] 31/7/2017 10:18

According to this, we're through the 200 day moving average....

hxxp://breakingfinancenews.com/investing/finncap-announced-atalaya-mining-plc-lonatym-holding-steady-its-target-price-at-195-00gbx-today/271115/

And this is even more bullish:

hxxp://rockvilleregister.com/atalaya-mining-plc-atym-l-tenkan-sitting-above-kijun/211065/

"Atalaya Mining PLC (ATYM.L)’s moving averages reveal that the Tenkan line of the shares are above the Kijun-Sen line, indicating potential upward momentum building in the bullish chart." and....

"Keeping an eye on Moving Averages, the 50-day is 126.97, the 200-day is at 127.19, and the 7-day is 125.78 for Atalaya Mining...."

[husbod] 31/7/2017 10:12

Search me rouge unless as I say he has some sort of arrangement whereby he is disposing of his holding by selling at or below the bid price and the other guy buys at or just above the bid price (which the ADVFN computer could well allocate as a sell). That would also enable the buyer to buy "under the radar" and would probably on balance allow the seller to get a better price than he would if he tried to sell in one hit.

There has to be a reason as no-one is that stupid (or generous)!

Also, I am sure you will have noticed that although the sells are dampening any increase in the share price they are not actually causing it to fall which logically suggests that each sale is being counterbalanced by a buy.

Howzat for a theory.

[vanhelsingjr] 31/7/2017 10:10

If we compare with NI43-101 (september 2016) Mine production schedule for 2017
ore processed budget 4,75M actual 4,4
ore grade budget 0,52% actual 0,485
waste ratio budget 2,35 actual 2,02
marginal ore budget 0 actual 0,2 Mt
Those four figures together are quite negative for mining experts showing a great mismanagement of mining plan. Or the mining plan is not accurate or the mine operators must be fired. Deviations of more than 10% on the key factors in the first year of the plan are far from the best practices.
Perhaps the whole NI is a mess as anticipated.
Additionally and according to 2016 and 2017 Q1 financial information, about 28 million of euros (10 in 2015, 14 in 2016 and 4 in 2017Q1)equivalent to 14 M tons of waste have been capitalized as deferred mining costs.
Somebody is trying to trick the shareholders.
Could be a good reason for share price level.

[rougepierre] 31/7/2017 10:06

The thing is, Husbod, he can...virtually every time...

So right now he could sell 10,000 at 134.8842...

Why on earth would you give up £650?!!

[rougepierre] 31/7/2017 10:03

Healthy liquidity today again...

Bid for 20,000 at 134.8842....offered 5,000 at 139.68...

True Quote in NMS is 135.8/139.68...

Oh and we've now definitely broken the downtrend back to late January...

Onwards and upwards....

[husbod] 31/7/2017 09:57

I wonder if there is some sort of deal in the background whereby he is offloading indirectly to an Institution or big private investor at a rate favourable to them as he could not otherwise sell large tranches in the market?