Atalaya Mining Share Discussion Threads

[waterloo01] 29/1/2018 17:59

The Xunta, on the mine of Touro: "We are not going to paralyze an activity that the law allows"

The Regional Minister for Economy, Economy and Industry, Francisco Conde, has assured that the San Rafael Copper Society has the " pertinent permits " to carry out surveys carried out "30 years" in the Touro mine and has accused En Marea of "being against" mining and employment in the sector for "ideological" reasons.


Francisco Conde has pronounced in this way in the Plenary Session of the Galician Chamber, where he has answered a question posed by the deputy Francisco Casal, who has assured that these surveys lack authorization and affect the water resources of the area.


In this regard, the Minister of Economy and Industry has accused Francisco Casal of formulating these "unfounded opinions". "The Government is not going to paralyze an activity that the law allows," he said to also point out that the mine inspection teams have not detected "any of the dangers " denounced by the En Marea parliamentarian.


"The criticisms that you transfer here to the Chamber are based only on the ideology of your group, the position of your group against the mining sector and against employment in the sector," he said.

[mronions] 29/1/2018 16:26

for now no more sellers at 185p

therefore buyer will have to move up to 190p

new range should be 187 - 193p

maybe tomorrow ?

[mronions] 29/1/2018 15:43

looks like demand I tested bid up to 50k shares max I could get a single price on)

for 30k shares I get a 185 bid

50k gets 184.45 bid

BUYER out there

[husbod] 29/1/2018 13:55

SOLG and ATYM rouge- I think you need to change your moniker to Job?

[waterloo01] 29/1/2018 12:03

What's with the 50k on the sell side from a PI at £1.86 to sell that appears then goes. Filled by our buyer?

[shortarm] 29/1/2018 11:42

Time this went properly blue again!!

[rougepierre] 29/1/2018 08:49

Which is why I'm so heavily invested here, together with big stakes in SOLG and KCC...

Like ATYM these prospects have copper grades better than 0.5% still waiting to be mined or developed...

DYOR and GLA....

[laurence llewelyn binliner] 29/1/2018 08:40

Encouraging write up #wanderer, Copper project pipelines are running dry, and the 10 year process to find/permit/get operational will miss out on the $3+ Copper we are seeing now, acquisitions are the only shortcut, and there are not so many of those for sale.. :o)

[erric] 29/1/2018 08:37

Interesting article and well worth a full read. Here’s the last sentence ;-

“Copper valuations are disconnected from where copper prices will ultimately trade in the long run,” Cosgrove said in a telephone interview. Assets are being valued based on copper prices below $7,000, when the cost of bringing in new capacity is much higher, he said.

[laurence llewelyn binliner] 28/1/2018 11:33

I'm accumulating Erric so will buy the dips, and just wait for the dividends which will either be 2019/20 after the PRT upgrade to 15.0Mtpa, or worst case it might get knocked back to after Touro is up and running pending how that is funded, but I'm hoping we can spin off enough cash to pay for that project..

Q1-2018 will give us an indication as to forward EBITDA/Profits on the 1st Quarter with over $3 payable Copper..

[erric] 28/1/2018 10:59

Agreed LLB.
We might have a go at scaling the heights of broker forecasts between 230p and 265p but I suspect quite a few of our loyal band of B.B. supporters will feel the need to cash out some of their chips on the way up. After all, this share has a tendency for precipitous descent the second it gets to a giddy height outside its comfort zone.

[laurence llewelyn binliner] 27/1/2018 09:48

Copper is looking like it will average c$3.20/lb for January, $3.06 payable, and a strong start to 2018..

Silver is $17.5, and with 2018's 500,000 Ounces will bring in around $10M EBITDA, but if Silver takes off, which it has done $20/25/30/40/Oz, 2011-2013 it was $30+/Oz.., offsetting the Tc/Rc costs nicely and the payable price goes up.. :o)

We are very well positioned now.. happy days after years of pain..!

[simon_carter] 26/1/2018 10:56

Mm's tweaking the spread to attract sellers and to create some liquidity, notice every time the spread tightens, sells appear and then widens again

[waterloo01] 25/1/2018 12:54

Some bigger orders going through and the price holding well.

[shortarm] 25/1/2018 10:02

The 185's - are they limit sells or limit buys?Difficult to tell....

[mronions] 25/1/2018 09:41

As Laurence said, may point to future capacity growth and larger scale investment. Good point on AL ability to get things at a good price . I wonder if any of our outages linked to our current cone crusher. So new one improved continuity and expansion. When I say new cone crusher, as others have pointed out , there are plenty of units in mothballed sites (probably casualties of last copper price slump).

[rougepierre] 25/1/2018 08:30

Agreed guys...

[stockknobjockeyvanbookstino] 25/1/2018 07:11

its a secondary crusher, not the main crusher, relatively small investment to help productivity.

[riotinted_specs] 24/1/2018 23:23

Everybody bring it down a thousand.... if ever there was a CEO that could/will get a crusher at the right price and for the right reasons future proof Anand all - it is Alberto, an engineering minor at heart and by trade.....this is what he does. He got EMED up and running for a song; half the investment that was expected - HALF.. simply incredible. In AlbertI we trust! LTH

[gcpinc] 24/1/2018 18:41

45k at 185p reported after hours.

[laurence llewelyn binliner] 24/1/2018 17:27

#Onions, I agree that the fact we are evaluating a 2nd fixed primary cone crusher points towards needing a much bigger future capacity, which is exciting in itself, and indicates bigger things and forward planning..

2017 saw 8.8Mtpa throughout, and I suspect this is the current bottleneck..

Our primary cone crusher is 1980's technology bought up to date with new controllers and motors.., and whilst these haven't changed much over 30 years the mobile tracked machines have, and you just wouldn't spend multi millions on a new fixed 1 when you can rent/lease mobile units that can add 10Mtpa crushing capacity for so much less cost, then simply add conveyor belts to move the ore...

The advantage of a fixed submerged primary is you just pour a tipper load of rocks in the top and drive off, whereas the mobile units are surface and need to be spoon fed 24/7 by a digger..

All part of the evaluation process and we will see the results..!

[mronions] 24/1/2018 17:01

@laurance "2nd fixed primary crusher"

have you visited the site ? Maybe you have. I certainly have. You seem to know your way round the production process.

However "2nd fixed primary crusher"

That would be a massive investment, and only needed if we are seriously going to ramp up.

You have seen our primary crusher ?

[laurence llewelyn binliner] 24/1/2018 16:45

The company will be evaluating whether a new fixed cone crusher mounted in a big cast concrete box is better, as we have the conveyer belt network already in place underneath to take the ore to the secondary ball mills, the mobile tracked crushers just build a big pile and that needs moving to the secondary mills somehow..., we will need another 2 ball mills for the upgrade from 9.5 to 15.0 Mtpa, very similar to the 5.0 to 9.5 Mtpa upgrade.., my guess is they will build a 2nd fixed primary crusher close to the new ball mills so it's all conveyer belted together, what's the cost ..? $1M..?

[waterloo01] 24/1/2018 16:33

If the figure is from Harry then it's probably 50%-75% too much!