Atalaya Mining Share Discussion Threads

[waterloo01] 20/12/2017 14:19

Also topped up at 156.9.

[shortarm] 20/12/2017 14:16

Copper hit three dollars 20 cents!!

[rougepierre] 20/12/2017 12:59

Why didn't you call in...? Is the meal so bad that you're texting under the table...does the wife know...?

Meanwhile, finally my 10,501 has sown up...and...

MrO says he's topped up at 162p (over on LSE)...

Must be the festive spirit... (BAH humbug!)...

[keisersoze] 20/12/2017 12:54

Reba, that's certainly more appetising than ATYM at the moment! Bon appetit.

[reba] 20/12/2017 12:46

Not me I'm at the box tree having lunch

[waterloo01] 20/12/2017 12:10

Copper over $3.17

[rougepierre] 20/12/2017 11:57

5,000 at 158; 8522 at 157.88 showing, but...

My 10501 at 157.88 and chromeinvestor's 4,000 buy still not showing....

Bid's up 2p to 155...

Who's selling?

Mr O?
reba?
jonjo?
placees?
tired investors...?

Copper over $3.15....

Broker forecasts 209-270 with Quarterly update; Toure resources; 15k production; still to come...

ADVFN contrarian tip today...buy when everyone else is selling....

GLA

[shortarm] 20/12/2017 11:44

Bit bouncy bouncy today!?

[rougepierre] 20/12/2017 11:37

And 3522 for the wife, so that's 14,000 at 157.88...unreal...!

And copper is SMOKING....over $3.1550....

Onwards and upwards...

[rougepierre] 20/12/2017 11:22

Just topped up my 20% dilution with 10,501 shares at 157.88p...unreal!!!!

9.12p cheaper than the IIs paid....

GLA

[rougepierre] 20/12/2017 09:47

Mr O still being bitter on lse...anyone who's fed up with the placing or dilution can top up their holding at 10p below the placing price...

[waterloo01] 20/12/2017 08:17

I suspect it would be better to hold back the Touro update till after the Xmas season as any good news will get lost in the holidays.

[laurence llewelyn binliner] 19/12/2017 14:40

Copper heading towards $7000 a Tonne again ($3.17/lb), that will do for Xmas...!

[husbod] 18/12/2017 17:52

Merma777 I would follow you out but I'm convinced the share price would rocket if I sold out now after so many years. It's a strange think but the Man with the long grey beard watches over my every move so that shares I sell go up and the ones I buy go down (at least in the short term). You'd think he would have more important things to do.

[laurence llewelyn binliner] 18/12/2017 16:34

I think we can safely say that the 5000 @ 160p was a buy..!

#melmar777, I've been here as long and am as frustrated as most, and more than many, but now we are operational, and have scaled up from 5.0 to 9.5 and next to 15.0MTPA, making profits and with a forward project pipeline I'm staying the course here, 2020 for dividends tho', we won't see any until Astor has been dealt with, but scaling up will give us the tools and the income stream to be able to do so..

Copper $3.14/lb+

[rougepierre] 18/12/2017 16:34

Smart call Waterloo but could take a couple of weeks...

[waterloo01] 18/12/2017 15:25

melmar777 sorry to hear another long term holder bailing. I hope your timing is poor, but understand the frustration if you are sitting on a loss. Best of luck.

O/T finally taken the plunge on VILX at 11p. Let's see but can't get much lower!!

[melmar777] 18/12/2017 15:06

As an Investor and not a trader I have had my money in this share for more than 10 years and have now sold out at a huge loss. Every time the share should rise it doesn't! A rise in share price is always predicted but never quite happens.
This donkey has given up chasing the carrot, enough is enough.
Good luck to all long term holders.

[cufes2] 18/12/2017 09:09

I'm inclined to agree erric . . . EMED has the look of a private fiefdom these days . . .

[laurence llewelyn binliner] 18/12/2017 09:07

#CuFeS2... when was the last time any company did a capital raise and issued new shares to its existing II investors, also invited new II's to the table and got both away at a premium to the VWAP..?

[waterloo01] 17/12/2017 14:04

Cheers. Some very bullish copper sentiment around. Reversal next week?

[sirmoori] 17/12/2017 12:54

Thanks for posting that tommytrades. Very encouraging.

[tommyttrades] 16/12/2017 15:35

So Canna updated last week after the announcement...
.I'll try and format some of the figs. later

After the last note and drop in target of 270-50 they've upgraded to 260p

Highlights below as in total 11 pages...OR can mail




One of the lowest capital intensities in the industry
The focus of this project firmly remains its impressive capital intensity. At a ~US$94m
cost, ATYM plans to build the growth project at a capital intensity of just US$6100/t. That
is not only below our US$7000/t forecast, but also one of the lowest capital intensities
in the industry. On a cumulative basis, the total capital intensity of Riotinto should now
come to just US$4600/t.
Cash costs expected to drop


Cash costs expected to drop 6-8%
Management has also forecast operating costs to drop 6-8% post completion of the
project, which we forecast in mid 2019. Under the previous 40ktpa mine plan, ATYM
had forecast lower grades in later years of the mine plan resulting in an average all-in
sustaining cost (AISC) of USc233/lb. Under the expansion plans, ATYM management now
expects the average AISC over LOM to come in closer to USc218/lb, a 6% reduction, and
at no point in the revised 13-14 year LOM are costs forecast to go above USc230/lb.


Target price up 4% to 260p, maintain Buy rating
We continue to value ATYM using a weighted average of shorter term P/E and EV/
EBITDA based valuations (using market and sector multiples, respectively) as well as
a longer term NPV valuation (cyclical multiple). On this basis, we have increased our
target price on ATYM by 4% to 260p/share on a 2018 basis, reflecting an improved
longer term valuation in our NPV. However, we also note that when we look at ATYM on
all valuation measures we think the Riotinto growth project provides significant medium
term valuation uplift by 2020.

ATYM management now expects the
average AISC over LOM to come in closer to USc218/lb, a 6% reduction. It is also
worth noting that at no point in the revised 13-14 year LOM are costs forecast to go
above the USc230/lb mark. This creates a more steady cost profile going forward due
to the flexibility of the expanded operations and newer and scaled up equipment in
55ktpa phase of the project.


During the recent share offering the ATYM share price receded to 163p at its low this
week. We now see 58% potential upside to our revised target. With significant
potential upside to our revised valuation (on a 2018 basis), we maintain our BUY
rating on ATYM.
However, our 2018 valuation range is now significantly wider and weighted towards
our NPV, due to longer term benefits from the Riotinto expansion. Figure 8 below sets
out our more consistent 2020e valuation range with Riotinto producing at +50ktpa.
Figure 8: Longer term valuations project further significant uplift forecast by 2020e
estimates Value Value
Method Multiple p/sh Weight Weighted
P/E 11.3 212 33% 71
EV/EBITDA 5.4 223 33% 74
NPV 1.0 347 33% 116
Total 261
Value Value
Method Multiple p/sh Weight Weighted


P/E 11.3 393 33% 131
EV/EBITDA 5.4 360 33% 120
NPV 1.0 347 33% 116
Total 367