Atalaya Mining Share Discussion Threads

[waterloo01] 05/1/2018 12:21

Stockready, well Touro will be years from production, however they have done a smart deal in buying in before the copper price really started to motor. It could be a master stroke buying an asset at a low!

We don't yet know how Touro will be funded, and Traf et al will be in a prime slot, however they equally might use it to bring in some new and more diverse investors and, once Astor is sorted, via bank debt. I suspect we will get Touro permits once the vocal environmental lobby accept two things. One there will be environmental bonds in place and two that the best way to clear the historic acid water is by mining through it but in a modern and more sustainable way.

The economics I think will be clear. Galithia gets revenues and the local economy 100's of decent jobs. As I've read up the resource itself looks excellent with the copper in slabs and not at great depth.

Good to see a partly positive post from Van and we have a larger buyer in the market again.

[stockready] 05/1/2018 11:59

waterloo and Van

I fully appreciate all the above points, but risk/rewards ratio has changed that means seeing our profit has moved by 3 years at least,
none of the above are bad if it was timed correctly, all I am saying this wasn't the time for it, and board made a big mistake with both of the recent moves (Turo, and PRT development and dilution)

we could have gone at least another year strengthen our share price before further dilution, we have so many things to worry about and this wasn't the time for it.

Van: if future as rosy as you described it, so we should be heading towards £2 mark in 6 months time, but some how I doubt it very much and with all these high risks adventures we are heading to below £1 soon,

I am a massive supporter of PRT for many many years still heavily invested here and don't like to see clueless managements or Traf damaging the future prospects of this company and I think they just did with recent moves.


thanks for sharing your thoughts here


IMHO

GLA

SR

[vanhelsingjr] 05/1/2018 11:28

SR you did not understand the real business. One side Trafigura, controlling de facto the company and handling most of the concentrate through its Huelva Terminal and blending facility. Other side contractors,good friends of management, taking works, even unnecessary, with huge extracosts.
Touro is controlled by ATYM, the local partners have not money just concessions.
Thanks to Touro and expansion, they will produce more concentrates for the benefit of Trafigura and more contracts for the benefit of the danser´s husband.
Everything is under control, the fine tunning of Riotinto operation, far from the technical results of the past, is producing benefits for sharholders but not for the real controlling interests: Trafigura and contractors

[waterloo01] 05/1/2018 11:03

Stockready, the only thing I would add re Touro is that while it does take on extra risk, it's very measured both by the way we have bought in (initial 10% with option up to 80%)+ and that the resource is fairly well known, with not only Linden but ATYM having done significant exploration before signing. I'd suggest it's about the same size as PRT (expanded), so the reward far outways the risk IMO.

Yes it delays dividends, but in my view it's a better company for having both a significant producing resource in PRT and growth potential into the future.

Not growing the base would be a waste of our considerable skills in developing mines. As to being in the NW of Spain, assuming they get permits, really isn't an issue, if anything again it derisks from having only one location.

One final point, at least one of the big 4 are not involved in off-takes.They have bought in for growth and eventual dividends. Their presence on the board at least means some non off-take interests are represented.

Time will tell, but I'm very bullish on copper and ATYM as essentially a debt free and producing copper play. But you know all that!

Cheers

[come on] 05/1/2018 10:15

Still below the placing price as well

[shortarm] 05/1/2018 09:40

Another 50k today!

[shortarm] 05/1/2018 08:25

Somebody's collecting big the last few days!

[superbobtaylor] 05/1/2018 08:01

hxxp://www.cityam.com/278250/revealed-peel-hunts-top-growth-stocks-2018/amp

ATYM 4th in the list with estimated 2018 earnings per share growth of 48%.

SBT

[waterloo01] 04/1/2018 19:31

Copper still has to hit a long way to go to hit it's all time high (around $4.60) despite less supply and much higher demand. Latest is prediction of global growth at 4%

Each extra Cent should equate to over $1m in extra EBITDA.

[waterloo01] 04/1/2018 15:58

Stockready I think you are missing the point about Touro, and in which presently Traf has no stake, beyond it's stake in ATYM. Although I admit they are likely to take part in any raising.

I do agree we are too controlled by the 4, and why it was particularly galling that no new notifiable II holders came on board in the last funding (IMO down to timing not the offer), but Touro, is pure added value. AL is a very good mining construction man, and once PRT expansion has started, he's quite capable of taking on another project, especially as the time lines are unlikely to cross much.

Any buyer of ATYM is now buying not only a debt free company (Astor aside) that should do $100m EBITDA this year and is also a growth play.

That's how I see it and why, some of the issues you raise aside, that I think I'm invested in the right place and the right time.

Surprised, like SH you haven't sold out, but as I said, each to their own

[the charmer] 04/1/2018 15:44

Stockready.You are utterly clueless as to what is going on.You should be ramping this share so that you can get out.....now that you are b*lls deep in here....not deramping it!!!

[waterloo01] 04/1/2018 15:20

Some very chunky buys in today 80k so far! It would seem the selling, which was never heavy, when they raised at £1.67 was stale bulls such as SH giving up.

Might that now change?

[stockready] 04/1/2018 14:48

2018 is the year commodities and specially "oil and gas" sector will make a massive come back,

I strongly suggest investment in those area with producer companies (not start up)

we could have been in a very strong position if these dummys wouldn't have diluted us to the nuts and not coming up with adventurous projects like Turo

speak up and express yourself

send them email

GLA

[stockready] 04/1/2018 14:18

speak out and don't sit in silence and let them do whatever they like

[stockready] 04/1/2018 14:08

waterloo,

please don't get bugged down into Turo, that was yet another distraction and bad decision to diverge focus somewhere else (where Trafagura benefits longer term) and no benefits to us as share holders.

these big adventures has to be stopped, the first objective should be how to modernise RIO TINTO, get it going and make it profitable project,

side-lining into expansion (at this early stage) and talking about Turo is the most BS ideas I have ever seen having been followed this company for over 7 years and visited the site 3 times under different management and different stage of progress,

these are mistakes after mistakes, these BS projects (like Turo) have to be STOPPED

they should buy back the shares as soon as possible, even at this price, wait another 3 years then think about expansion

we need non of these, but Trafagura want to ride us free for as long as they can


write to the company and complain


IMHO
GLA

Stock

[estienne] 04/1/2018 13:14

I sold out years ago at 5p and received similar criticism at the time from SH

[shortarm] 04/1/2018 12:19

Who's taking the mickey with 12345 sales.....?

[laurence llewelyn binliner] 04/1/2018 11:51

Each to their own indeed waterloo01, good luck to SH, he's been a contributor for a long time over on II..

But, I see the Copper demand rising, Atalaya's production rising and selling into it, we won't be posting knockout profits for a year or 2 now with the PRT expansion ongoing in 18/19, but 50% of it will be paid for from profits, Astor will be dealt with from profits, and Touro funding tbc, but this could also be paid for from profits from 2020/21/22..

Long term this will be a winner and 2 or 3 bagger here, we are already winning in fact, with scaling up operations to unlock the earning potential of PRT.. @3.50/4.00/4.50 Copper who knows how high the share price can go..

There are undoubtedly other opportunities out there, but at what risk..? we've done all the hard and stressful work holding here for so long now, so for me it makes sense to just roll with it risk off, and let it unfold..

It doesn't make sense to me to bail out just as the company is standing on its own feet, has delivered its 1st 9.5MTPA production, and is scaling up to 15.0 next..

[waterloo01] 04/1/2018 08:59

I see small holding has been selling over the last months and is essentially out. Last of the stale bulls? (we had a flurry of these at 80p). I can understand his reasons and wish him well with recouping his losses here. It's usually a good idea to dump losers, although for many this has been and continues to be a profitable investment (i'm up about 40% due to buying heavily at the lows and again in the £1.20's but have others that are up 300% + so a 'balanced' portfolio wins out).

I'm not 'in love' with ATYM but as copper rises and production increases, despite the current SP, I'm happy to retain and add to a 6 figure holding.

Each to their own.

[stockready] 03/1/2018 12:18

Husbod,

you are bang on the money with your comment below,

but there are always opportunities out there and never too late, sadly large chunk of money stuck here and feeding Trafigura pocket (interest free), at huge lose to us.
bad decisions, Spanish bureaucracy, corruptions, lack of investments, legal battles, delay in permits with those corrupted Juntas caused this great mine to be delayed for so long, now Traf feeding junta pockets and pursuing their own objectives with no regards for long term investors.

I have no intention to go anywhere because I know this company have means to succeed nor I need the money urgently, but the end game for me have been moved by good 3 years (at least) before I could get out of here, it is shame though because with Al in charge and price of copper recovering we were in excellent position to go above £2.50/£3 this year, but with recent nonsense dilution they ruined everything, bad decision and bad timing which I am sure will back fire.

most worrying part is their stupid expansion evaluation was never backed up (or done) by independent company, they kept it as inside job and fool the decent investors to believe this much is enough for expansion, I bet you anything will be more dilutions down the line.
we absolutely had no need for expansion; at least for the next 3 years to come, big mistake!


..............................................




Husbod
2 Jan '18 - 23:23 - 10138 of 10142


Cheers waterloo. So far so good but it’s a good example, so far, of how long you hold onto a share that you are convinced is a winner ie ATYM whilst losing the opportunity to make money on something else. Some of us have held EMED/ATYM right through one of the greatest ever bull markets- not something to dwell on maybe.
Anyway a belated happy new year to you and the rest of the posters except batman of course unless he feels like posting something positive for once in his coffin filled life.

[waterloo01] 03/1/2018 11:53

Only one broker on 1.67 but with Numis on 1.60 to sell and 175 to buy the published spread is silly.