Atalaya Mining Share Discussion Threads

[waterloo01] 23/3/2018 08:10

With prices for its main product well supported, there’s a lot of sense in backing a copper miner with growth options, strong institutional shareholder support and a robust balance sheet. Buy.

Last IC View: Sell, 175p, 8 Sep 2017

[stuartc2015] 23/3/2018 08:07

Hi Clive, would you be able to copy and paste the article, or the key just of it please? I no longer have full access to IC and it looks like it’s their tip of the week, so I’m really interested to see what they are saying. Many thanks.

[clive205] 22/3/2018 22:26

Tipped in this week's Investor Chronicle:



(Subscription needed)

[estienne] 22/3/2018 14:11

DOW heavily down over the last few days and FTSE down 95 but ATYM holding

[superbobtaylor] 22/3/2018 10:13

Thanks for flagging this up Waterloo1. I am, like LLB, a bit surprised by XGC selling their offtake rights as I thought that was why they bought in the first place. I wonder if it is a related party transaction?

On the face of it certainly good news though.

SBT

[waterloo01] 22/3/2018 08:27

They sold them to a 3rd party (not Traf). Not sure when they did this but might well tie in with the share price increase and strength.

[laurence llewelyn binliner] 22/3/2018 08:26

#waterloo01, but have the off take rights been sold on or bought back by the company..? XGC are a Copper company, I can't see the logic in them giving up their discounted Copper rights..? unless they have sold them on for a profit..?

[waterloo01] 22/3/2018 08:10

They are getting much more active locally. They have opened a shop front to answer locals questions about the plans and Alberto is on the ground doing interviews etc.

Very encouraging on the back of latest presentation. The change in off-takes I think is significant in aligning shareholders interests.

[stockknobjockeyvanbookstino] 22/3/2018 07:47

Apologies, UK Co is one year old, thought it was 2018, irrelevant though really

[laurence llewelyn binliner] 22/3/2018 07:36

Good finds Stock, and MrDC on LSE too, the noise is certainly going up around Touro, setting up a UK Ltd Company in advance does smell of permitting optimism.. :o)

[stockknobjockeyvanbookstino] 22/3/2018 07:06

Getting ready.......




2017 Co though, misread the date, thought it was 2018.

[stockknobjockeyvanbookstino] 21/3/2018 20:09

The company advise me they have appealed the decision to award the main zinc mine permit to Emireta Resources.

[waterloo01] 21/3/2018 18:01

Yes both Orion and XGC have sold the off-takes, so they and Liberty have aligned interests, capital appreciation and or dividends.

[erric] 21/3/2018 17:58

Does that make us more attractive to a Major ?
Or is it the case that the off-take rights have been sold to a third party who is not a shareholder and so doesn’t have to be listed in the presentation ?

[waterloo01] 21/3/2018 17:14

There is other details in there, including a projection of ATYM at 15mt + 80% Touro which puts us in with the larger copper players.

Also the offtakes have changed. The only off-take now is Traf with just under 20% of mine life (2013 ) so the main shareholders, outside of Traf, are now focused on capital gains/eventual dividends, like the rest of us.

[estienne] 21/3/2018 15:48

Its had quite an upward trajectory recently and there's no sign of it not continuing at least up until the results. I might be tempted to sell closer to then

[rougepierre] 21/3/2018 15:23

Can't be bad...GS bullish on copper...

[husbod] 21/3/2018 14:15

Well I'm not going to say that the price has absorbed quite a few sells over the last few days without the share price falling as such a statement would immediately trigger a fall.Maybe a decent buyer in the background?

[estienne] 21/3/2018 13:44

It looks as though the share price is holding out and waiting to make another assault on the 220 ceiling

[laurence llewelyn binliner] 21/3/2018 08:44

Plenty of Info there SBT ahead of FY2017 financials, but mostly a full 6 months out of date now up to Q3..

How long have we waited to see those words.. :o)

Cash balance
Copper concentrate inventories
EURO 115M sales
EURO 33.8M EBITDA

Onward to 15.0MTPA next..

Q4 2017
8600 Tonnes
Q4 Copper $3.09
Q4 Realised Copper $2.87
AISC $2.29
AISC Margin $0.58
EURO 11M EBITDA

Touro 43-101 in Q1 2018, which means next week..
Touro permitting expected summer 2018

On 25 April 2017, Atalaya and Astor applied for permission to appeal to the Court of Appeal. Astor was granted permission to appeal in relation to whether the Deferred Consideration has been triggered. Atalaya was granted permission to appeal on whether the Deferred Consideration is payable at all and whether it is restricted from making payments in the interim. The Appeal will take place in May 2018.

[superbobtaylor] 21/3/2018 08:35

The presentation does not really tell us anything new I don't think. The Q4 numbers should be good. I make it that the increased Cu price should translate into 40% more profit when compared to Q3.

SBT

[stockknobjockeyvanbookstino] 20/3/2018 21:35

Website substantially updated and new presentation, ready for big news........



2017 Financial results next week.

Touro pre-feasibility Q1.