Atalaya Mining Share Discussion Threads

[mronions] 04/12/2017 11:06

they are trying to get this done before ASTOR court case

- they must think we are going to lose that case
- and actually ... what do you think Judge analysis will be ? you raise all this cash but don't pay master agreement

[keisersoze] 04/12/2017 10:58

Disappointing and doesn't bode well for the Touro expansion.

[mronions] 04/12/2017 10:52

Astor could block in Court?

Surely ASTOR should make its move .

Company could take some debt, pay Astor and then continue to focus on running business.

Astor could go to court get some sort of injunction against this?

We are also raising all this cash, with court risk that have to pay Astor as well as judge will say we a re clearly avoiding paying our dues.

this £39, happens to be what we owe Astor ?

are you all being duped

[mronions] 04/12/2017 10:45

I don't understand why we have to increase capacity, just run at current rate and longer mine life


this seems to be done all for Trafigura / Orion and Chinese who have off take

[mronions] 04/12/2017 10:38

problem we have is Trafigua , Orion Chinese making money from off take ... the company is getting bled dry

[mronions] 04/12/2017 10:36

Trafigura / Orion have probably already sold above 170p
- I reckon Alberto knows this is going on

IMO bunch of crooks

Should walk away from this rights

20% dilution

delayed expansion to 2019

we should be raising debt

[mronions] 04/12/2017 10:32

this is not good : we should be debt raising. the stock has been held down by core shareholders. properly manipulated.

[jwafc] 04/12/2017 10:11

Why? To make hay while the sun shines. And perhaps the creeping ASIC costs.

[sithuk] 04/12/2017 08:53

Why didn't the board wait to fund the expansion from cash flow rather than dilute by 20%. Near term upside from higher cu prices worth the hit to eps?

[laurence llewelyn binliner] 04/12/2017 08:27

Well, there we have it for the PRT expansion.., equity from a private placing, plus most likely off takes for cash on the balance, no bank debt avoiding triggering Astor..

But I like this part more, Estimated reduction in cash costs and all-in sustaining costs by approximately 7% compared to the existing 9.5 Mtpa operation, based on maintenance and processing efficiencies.

(-EUR0.16/lb AISC reduction by economies of scale saving)

#Sithuk, my best guess is that 2018 earnings have been set aside to take care of Astor..

[sithuk] 04/12/2017 08:27

When can we expect an update on reserves from the drilling campaign?

[husbod] 04/12/2017 08:21

Poor old Astor. Still nothing to trigger payment to them. Oh well I suppose we'll all have to raid our piggy banks and there I was quite happy with my existing holding.How many to bid for is the question. I hate placings!

[robmcelf2] 04/12/2017 07:41

Company presentation now updated

[cufes2] 04/12/2017 07:28

That explains the share price movement then . . .

[cufes2] 04/12/2017 07:09

Capital cost has been estimated at EUR80.4 million . . . Subjects to completion of financing arrangements . . .

[robmcelf2] 03/12/2017 08:32

Hoping this coming week is the week we get an update about PRT expansion and perhaps week after that for project Touro update?

[robmcelf2] 03/12/2017 07:49

With the recent news that tax reforms in the US are closer than ever, I wonder how that will affect copper prices in 2018? Presumably more money in the pockets of corporations could mean greater investment which, in turn, could stimulate demand for commodities?

[laurence llewelyn binliner] 01/12/2017 08:07

Another day, another $.., and we're on track for our 1st quarter with $3.00+ Copper to sell into with a much stronger realised price, and a Q4 margin of over double Q3 for FY2017.

October market price Copper $3.09/lb
November market price Copper $3.09/lb

Q3 Realised price $2.66
Q3 AISC $2.33
Q3 Margin $0.33

Q4 Realised price c$2.95
Q4 AISC c$2.25
Q4 Margin c$0.70

[husbod] 30/11/2017 19:20

Evening chapsRemember those days when our market followed the Dow. Talk about wanting a strong dose of nostalgia. Look at the Dow at this moment. Is it all about tax cuts and why can't our government do the same?Fair play to The Donald. At least he's had a lifetime in the private sector- how many of our politicians have I wonder.Trouble is the Dow is so over valued that it is bound to crash and when it does it will drag us all down with it. We may not follow it up but we will surely follow it down.Morgen Stanley reckon this market has another year or so to go. Just hope they're right.

[rougepierre] 30/11/2017 14:22

So, for example, GEO has slipped back 40% from a recent high, so I've doubled up back to my original holding...

And GCM has slipped 35%, so I've bought back in (a major processing facility that accounts for 10% of world production has closed...)

DYOR and GLA

Meanwhile ATYM holding up really well against falling copper...augurs well...

AIMHO as usual...

[rougepierre] 30/11/2017 11:53

COMEX copper stores now higher than LME...

2 months ago LME was over 100,000 tonnes higher...

Click through the chart above to see the zigzag LME chart...

LME levels now the lowest in 18 months at 196,675...if they fall below 150,000 that will be the lowest in 5 years...

So is this a structural shortage, or is it masked by higher levels in Shanghai...?

Cheers

[rougepierre] 30/11/2017 11:14

You obviously don't read these posts often dudam...6 figures taken so far this year...

And I don't trade often. I've simply reinvested a portion of my ATYM gains...

And if you take SOLG for example, as with GLEN and ATYM, I average down when I think is appropriate, over gearing; then I sell out the excess when the price has recovered to my average cost and hold the rest for the ride...

But even in ATYM, although I sold half as promised when I doubled, I sold some more at 190p plus and bought them back lower...if ATYM falls below 160 again I shall gear up with some more again...

But most of my portfolio is held for the long term, with core holdings in ATYM, SOLG, GPM, AAZ, GLEN, VED, NG., etc...

Hope that helps...nobody would call me a trader, but from my experience passive investment misses too many opportunities, including the need to sell out sometimes on a share fall, with the hope of buying back cheaper or if the fundamentals have changed.

Cheers for the question.