Atalaya Mining Share Discussion Threads

[husbod] 09/8/2017 11:30

Erric is alive and well and posted yesterday Sithuk.

Mr 10k is also alive and well and has just sold at the bid with no effect on the bid. Could well therefore be that Mr Behind the Scenes Buyer is also still alive and well.

[laurence llewelyn binliner] 09/8/2017 11:15

A Dollar/Euro exchange rate graph would be useful info, as would a 12 month Copper chart.. for a snapshot of what's going on.

[mip55] 09/8/2017 11:04

Sithuk....Copper prices are traditionally quoted on the International markets in dollars / pound. It would be difficult in the extreme to convert this dynamic price, which everyone understands, into another ever changing currency. I know where you're coming from and appreciate your warnings but .... unless you know different....getting up to date copper prices in Euros is going to prove improbable if not impossible.

[sithuk] 09/8/2017 10:24

Is Erric the thread starter still here? It would be better to have Euro copper price charts in the header. If some get over excited by dollar Cu price rises and think we are making more profit, then there is the risk that some will think that a falling Cu dollar price means we earn less profit.Our costs are in Euros, not US dollars. If you are going to post usd Cu prices then please also post the Euro price too.

[rougepierre] 09/8/2017 09:37

Tesco own brand for me...

[head gardener] 09/8/2017 09:31

RP,I use Tresemme.

[rougepierre] 09/8/2017 09:20

Exactly....

[laurence llewelyn binliner] 09/8/2017 09:07

A $1.00 margin coming our way soon
AISC $1.90-$2.10 for FY2017
82.5M pounds Copper production for the year.. :o)
8,800 Tonnes Q1
9,000 Tonnes Q2
9,500 Tonnes Q3
10,000 Tonnes Q4

H1 financials next month and we can update on costs and efficiency, as the 15.0MTPA/55,000 Tonnes update firms up..

With our earning potential, we are well positioned to wipe the slate clean and hopefully the plant upgrade will be paid from cash and off takes alone..

[rougepierre] 09/8/2017 08:40

still looks like a 'classic' head and shoulders in the copper price to me...

onwards and upwards...

BOOM....

[bewise2] 09/8/2017 08:34

As the copper price approaches $3 our share price should be over £2, hopefully the market will catch up as they recognise us as a increasing profitable company....

[shortarm] 09/8/2017 08:29

Lots of buys with copper approaching three dollars.....

[mronions] 08/8/2017 22:56

We make all this money now ... but clearly we are playing accounting to hide from Astor
- but we all suffer

This stupid situation needs resolving

[mronions] 08/8/2017 22:54

copper

copper highest since 2014
-
-

Bart Melek, head of commodities strategy at TD Securities quoted by CNBC last week said copper could continue to rally but it could run out of steam later in the year:
"If we break through the current levels here, there's a very robust resistance at $2.96," he said. Melek said under the right circumstances, it could go to $3.2745."

[bewise2] 08/8/2017 21:11

Copper now @ 2.94, surely our share price must move at some point. The copper price looks like breaking $3 pretty soon....

[rich1e] 08/8/2017 18:38

A glance at the FTSE 350 mining index shows medium term highs at around January LLB, a pull back since then, incorporating a clear double bottom, and it’s now back to those highs, which is what I think is going to happen here in the not to distant future. Indeed Ved. was over a tenner back then and is now at 750p, Rio.L a similar pattern to the 350 index. The sector has taken a rest, but things are hotting up once more.

[laurence llewelyn binliner] 08/8/2017 17:51

Yup, you're right there Sithuk, but the gap in the trends is now getting wider.. Copper up +18.5% YTD, and the Dollar/Euro is down -12.2% YTD, so in real terms we are making more money.. Our share price YTD has hardly moved at all, it was 125p in Jan, and is 130p today, barely reflecting the fact we are making more money, or accounting for any currency hedging positions we may have..?

Financials for H1 in September...!

[waterloo01] 08/8/2017 17:40

Now $2.94 and the $$ is up at the same time. China looking more stable/growing, US still motoring, EU looking more positive and the whole India story (much copper needed), add in strikes, unstable geographies, lack of capital investment in new mines ,and a touch of increasing use in electric cars and we might see the $3.00 milestone on the way up as a jump off point to test long term trends. Of course it could all fall over......

Long term chart

The 1 year chart looks very strong, the 5 year shows a classic bowl formation, with a top at $3.80, the 10 year shows something similar but with a $4.50 top and the 20 year chart seems to point to it testing new highs over $5.00 in the next few years (not that I know much about charting!)

[rich1e] 08/8/2017 17:03

Copper on the rise once again, some strength shown going into the close across the sector, with a few clawing back from losing positions. Looking good here also a handful of buys since yesterday and the actual buy price is now at the full ask. Wont take a lot for this to pop, that’s probably why van's here. The landscape’s changed since those 300k’s a few weeks back. The next time he’s around ask him if he knows who was behind those.

[sithuk] 08/8/2017 16:49

Most of ATYM's costs are in euros, not US dollars. Better to post how the copper price is doing in euros.

[waterloo01] 08/8/2017 16:43

Copper at $2.93 making a move on $3.00. How much derisking do people want?

[langostino] 08/8/2017 14:07

Like other innocents I believed that when Traf bought into Emed at 9p it would set a new base for the share price It takes time to realise that Traf have no interest whatsoever in what value others place on the company. They make their turn on every wheelbarrow that moves in the province of Huelva. Market is irrelevant. If one day they decided to sell, (and why would they?), the price would rocket. Is that worth holding for?

[erric] 08/8/2017 12:43

Just assume that Van is almost always nearly correct and that way you won't get too over optimistic. I've never believed he is working on behalf of a group trying to keep the share price down but I'm sure he has some old grudges that need to be scratched from time to time. I believe his post is a response to Small Holding on iii who posed a couple of questions yesterday.

[husbod] 08/8/2017 10:08

Someone with a better memory than me may wish to comment on Van's statement that 100% of production is covered by the off-take agreements for the LOM. I seem to recall that we were under the impression that a certain amount was covered by the agreements but not additional production arising out of the extension of the mining area and the resulting increase in the LOM.

Old van clearly had inside info in Harry's days and it seems from the above that he still has access to info not necessarily in the public domain. Question is why has he re-appeared now.

Apart from his allegation about the quality of our concentrate (and the benefits thereof to our friend Trafigura) and the 100% off-take statement I suppose the veracity of the rest of the post can be checked to an extent against our next financial figures when they are released.

[shakeypremis] 08/8/2017 09:42

Just a couple of quick charts. This does appear to be holding fairly well above the downtrend line from the high seen earlier in the year. Make of these what you will. Could be setting the platform for a meteoric rise.

hxxps://ibb.co/jw4NcF

hxxps://ibb.co/jc5THF