Atalaya Mining Share Discussion Threads

[husbod] 07/8/2017 14:02

The strength of the euro is one of the Great Mysteries of Life imeavho.

If Trump gets his tax changes through the $ should recover massively. Also imeavho.

[laurence llewelyn binliner] 07/8/2017 13:46

Is Copper really surging tho' RP..? it's good to see, but pending our currency hedging positions, the +16% on Copper YTD, isn't much ahead of the weakening Dollar/Euro @ -13%, the benefit to ATYM will depend on how much we can buy in Dollars..? most of our costs inc salaries are in Euro's which we need to buy in..?

I'm looking forward to the H1 financials to see what impact it has on realised earnings.., Copper has some way to go, and it will go our way, we're not minting it just yet.., but that will come as deficits emerge and Copper outpaces the Greenback's slide..!

[husbod] 07/8/2017 13:12

Missed out the fact that the world economy is growing rouge and Trump is playing golf.

Meanwhile our behind the scenes buyer continues to accumulate imeavho (extremely and very humble opinion).

[rougepierre] 07/8/2017 12:37

hxxps://melvillereview.com/chartists-taking-aim-at-atalaya-mining-plc-atym-l-shares/195965/



20 day MA well through the 50 day...

hxxps://www.barchart.com/stocks/quotes/ATYM.LS/technical-chart#/technical-chart?data=DO&plot=BAR&volume=total&indicators=SMA(20);SMA(50)&sym=ATYM.LS

and...sp well through 100 day...

hxxps://www.barchart.com/stocks/quotes/ATYM.LS/technical-chart#/technical-chart?data=DO&plot=BAR&volume=total&indicators=SMA(100)&sym=ATYM.LS

[rougepierre] 07/8/2017 12:25

What's really happening here...?

At exactly midnight GMT:

The dollar surged

Dow Futures surged

Gold was dumped

Silver was dumped

Copper was dumped

The Hang Seng surged...

etc.

These same patterns are happening seemingly whenever the dollar looks particularly weak...or the Dow looks like it might fall sharply...or gold looks like it might surge through resistance...etc.

It is widely believed that the Fed is manipulating markets, supported by GS and JPM...

Are they trying to avoid doomsday...or a massive collapse in the dollar and eventually a move towards the renminbi being the strongest currency in the world...?

Crypto coins are booming...gold interest is building up...people on the street are openly talking about whether/when the Dow will collapse...

In all this, copper should be neutral to positive...potential economic slowdown would hold it back, but...

The return of the super cycle, global shortages and a continuing weak dollar should work in its favour...

Apart from the obvious, how might this affect ATYM?

Booming copper prices and shortages, at a time when ATYM production is set to grow again and handsome profitability has been established, should work wonders for the share price...

But if there is a stock market collapse, nothing will be wholly immune...

Timing could be everything...

Thoughts on a sheet of A4?

AIMHO as usual...

[rougepierre] 03/8/2017 18:09

Hi poleaxe...

Well done...I also sold mine at a small loss having bought them at 1.91p, when I culled my gold/silver shares before they fell in April/May...

Actually, checking the transactions, I bought back my first tranche a little early, so my average is just under 1.4p, but they were far too good to miss at 1.275 IMHO, as I believe they are fully funded, the next quarters results will be positive and they can be self-funding going forward...

I just think its the overhang of the placing at 1.3p that's holding the share price back, but the Directors piled in to the tune of over 10 million shares, which is 7% of the entire Placing...that's some collective commitment by the Board and enough to persuade me to double up...

AIMHO as usual...

[poleaxe] 03/8/2017 18:05

Shakey - sorry i misread your post.

[shakeypremis] 03/8/2017 12:55

Poleaxe, you hope I am wrong about CAML? I think they'll continue to do well. Why would you hope I am wrong about them if you hold some? Did you misread my post or something? For clarification if it is necessary, CAML are absolutely NOT an AIM basket case.

[poleaxe] 03/8/2017 11:47

rp - i remember AAU were around 2p a couple of months ago when you were last pushing them, i actually bought some on your say so without any DYOR, read through a days post on their BB and then ditched them, made £50, the Broker £20, it seemed to me to be another company operating by issuing paper.

[poleaxe] 03/8/2017 11:36

Shaky - hope you are wrong about CAML cos i bought some last week.

[rougepierre] 03/8/2017 10:36

Looks very much like a 'head and shoulders' on the copper chart...if so, the next leg up could take us to c$3.25, on the way longer term to $4 or beyond...?

gold appears to have broken out of the long term downtrend since $1800...silver and platinum are close to breaking out...

meanwhile, it looks like copper has broken out of the short term downtrend when it broke through $2.87...consolidating before marching ahead again...?

IMHO the problem is the Dow...

dollar collapsing would normally be good for commodities and it has been to a certain extent, but I believe most of the 'risk-on' is directed at the Dow ATMO...very significant that it kept bouncing off 22,000 yesterday and has not broken through with conviction...

I was watching gold/silver/plat vs the Dow last night and every time the Dow fell back the latter bounced and vice versa...

IMHO the smart money is already diversifying into gold/silver/plat (made a big move over the last 3 weeks, echoing its similar move in May...held up very well overnight...), and leaving the mug punters to pile into the Dow over 22,000 before profit taking sets in in a big way...

On Bloomberg yesterday very significant that the funds were saying stick with the markets, while the commentators were saying all they're hearing on the street is impending collapse....

markets tend to predict the future...growing talk of stagflation by Greenspan and others...(look back to the 1970s for a reference point...)

Time will tell..

In the meantime, copper seems neutral to all this...global growth pretty solid, including India, China, even the US...massive growth in new uses, especially electric cars and generation...growing deficits with insufficient new supply coming on stream... all these will help the price, but alongside that the commodities super cycle seems to have bottomed out and copper has a very high correlation with that...

win/win...?

AIMHO as usual...

[rougepierre] 03/8/2017 10:15

Just to reiterate, I pretty much only buy mining companies that are at or near production...copper, gold, silver, uranium, platinum, lithium, cobalt are my favourites...in that order....

[shakeypremis] 03/8/2017 10:09

Hmmm, that sounds like... Atalya! Only difference is AAU might actually go up when they start reporting profits haha.

[rougepierre] 03/8/2017 09:29

Markets are made up of opinions poleaxe...hence here...

My holding in AAU is at breakeven, but I understand that anyone who's been in much longer might think that...however...

They are now in commercial production, fully funded and expected to make a profit this quarter/half/year...

Sound familiar...?

Cheers

[sirmoori] 03/8/2017 09:12

Half year report was published on 7 September last year.

[mpclag] 02/8/2017 20:21

Thanks guys-I'll be researching these companies in the next couple of weeks in Corfu.

[shakeypremis] 02/8/2017 20:16

Nice summary Teide, definitely not a basket case.

[mount teide] 02/8/2017 18:58

'does anyone know of an AIM mining stock that is not?'

Central Asian Metals is probably one of AIM's greatest success stories - they raised $60m at IPO in September 2010; after paying the 2016 dividend they will have returned $96m to shareholders in dividends and share buy-backs since the listing.


CAML
2016 - $69m revenue and $39m EBITDA @$2.21/lb Copper, 7.5% dividend

2017 - 13,000t - 14,000t forecast copper production
Near 8% forecast dividend at current share-price,
Current C1 cash cost of $0.46/lb($1.06 fully inclusive),
Circa $41m of cash, no debt,
Life of mine recently extended beyond 2030 for the single producing asset that has an expected sustaining annual capital expenditure cost of just $2m
Currently drilling high potential cheaply acquired ex Russian copper-gold exploration assets in Kaz.



AIMHO/DYOR

[laurence llewelyn binliner] 02/8/2017 18:53

On the EU grant of €8.8M, this was never booked in, and won't be booked as a loss in Q2, so we will still see a strong quarters figures when the financials come next month.

The company has gone to court to seek clarification on the qualifying criteria, there are some technical queries in respect to the time frame we got PRT up and running in and whether this met the rules for the grant..

It's not dead in the water, just 'written off' for now until we get some facts and see if we have, or have not ticked all the right boxes.. worst case if we don't get it, then it's equivalent to a quarters lost profits..

[shakeypremis] 02/8/2017 18:45

Poleaxe, here's one, and it's a copper miner too:

Central Asia Metals PLC.

[poleaxe] 02/8/2017 17:51

Good luck rp, they are an absolute basket case, does anyone know of an AIM mining stock that is not?

[rougepierre] 02/8/2017 17:38

thanks mip...it was a typo...should have been $2.87...I've corrected it...

cheers

[mip55] 02/8/2017 16:45

Rouge..not sure where you're getting your copper prices from but dailyfx have had it consistently above 2.70 for nearly a month (7th July) Currently 2.88?

[rougepierre] 02/8/2017 16:40

copper has just blasted through $2.87 again...that breaks the short term downtrend since the recent 2 year high of c$2.90...

looks like we could be headed for $2.90 and on to $3.00 or more...

my suspicion is that many see the 22,000 record high in the Dow as a trigger for selling and the 'early birds' are piling into the alternative of commodities...

look at Platinum today for example...set a 2 month high and still rising...glad I bought JLP and SLP and doubled up in the latter at 9p...

brightens an average day in ATYM but we could be next tomorrow....

AIMHO as usual...

[rougepierre] 02/8/2017 12:35

Thanks poleaxe...doubled up in AAU at 1.257...