Atalaya Mining Share Discussion Threads

[rogash] 28/3/2018 10:46

Peel Hunt raised their target price today to £2.55

[shortarm] 28/3/2018 10:12

Lots of ISA/loss/gain stuff going on....

[stockknobjockeyvanbookstino] 28/3/2018 10:01

Bit of end of year tax tidying for me - sold c £30k in three lots to pop into the ISA before y/e. Got 212.50. Taken out a long spread in the interim before the cash is freed up in case they release good results of geophysical survey tomorrow!!

[waterloo01] 28/3/2018 09:39

All very steady which is great.

O/T I'm now 25% in cash and 5% in VILX 2.25% VIX short. Have cleared out many but core holdings in about 10 stocks (plus some funds) and cashed up waiting for a bottom over the next weeks/months!

[wanderer1210_0] 28/3/2018 09:38

RebaNothing to do with ADVFN, anything falling below the mid price is marked as a sell, anything above the mid price is marked as a buy. Its the way its always been, and will always be unless there is legislation to declare all trades, which will not happen.

[reba] 28/3/2018 09:19

all the don't knows ( buy's or sells ) about. Is the price going to explode or drop like a stone.?
With all the fantastic programmes available nowadays, I think ADVFN need their system updating so they can distinguish between a buy or sell.

[superbobtaylor] 27/3/2018 21:07

Wonder if this will be released separately from the resource upgrade?

"An airborne VTEM geophysical survey was completed during Q4 2017 with results expected in Q1 2018."

SBT

[laurence llewelyn binliner] 27/3/2018 18:12

From the FY2017 results, we booked an EURO 18M profit on a 41M EBITDA.
Our FY 2017 average AISC margin was $0.37/lb

Q1 AISC margin is running at around $0.70/lb, it's reasonable to expect 2018 profits to double at c$3.00 payable Copper, $2.30 AISC.., which conveniently works out to around EURO 1M profit per ,000 Tonnes of Copper as a ready reckoner.

2018 43,000 $2.10
2019 41,000 $2.14
2020 61,000 $2.09
2021 57,000 $2.19
2022 56,000 $2.23
2023 60,000 $2.12
2024 57,000 $2.19
2025 55,000 $2.29
2026 49,000 $2.19
2027 44,000 $2.23
2028 38,000 $2.22
2029 24,000 $2.29

Rolling at 15.0MTPA, and a current LOM to 2029, I'm pretty confident there will be a resource upgrade and new 43-101 to follow extending this well beyond what we currently have to deal with..

Top up time next week.. :o)

[mronions] 27/3/2018 17:39

EMEDGATE input please

[mronions] 27/3/2018 17:38

massive reserve increase seems likely ... or certainly seems to hint as such

clearly growing in confidence , our buyer(s) must have got wind of this.

[waterloo01] 27/3/2018 17:16

It does and from what I can glean, they are loading as much as is permissible for obvious reasons. No doubt the same reasons they have delayed the new resource update.

The Euro v Dollar does however play quite a big part. 10% change the wrong way adds about 20c to costs. Guess that could work both ways depending.

[rougepierre] 27/3/2018 17:10

If you think about it this makes total sense...

In order to keep the profits/net cashflow down, pre-Astor, they've probably taken the prudent view of writing off all the capital expenditure in one go, which they're allowed to do...would certainly explain the AISC of $2.94 in Q4...

[waterloo01] 27/3/2018 16:39

LLB, yes I suspect that's correct along with Euro strength and having to pay Rambo etc. I guess it will make 2019 onward figures look better and of course Astor plays it's role, but I hope they are being over cautious on the cost side as it messes with the EBITDA.

[laurence llewelyn binliner] 27/3/2018 16:26

#waterloo01, so far as I can figure out, tailing's/water/power/dry storage has now been front loaded as you put it, some enabling works were also done to the flotation side, ahead of the 15.0MTPA install proper. So I'm expecting to see a full fat Q1 profits now at $3.00+ Copper..!

2 off 300K buys just showed up.. buyers mopping up from any weak hands.. :o)
I'm adding again on Friday for ISA 18/19..

[waterloo01] 27/3/2018 15:21

Good question. I've been trying to get a clear view of this. Some of it is down to Euro strength but not all.

[superbobtaylor] 27/3/2018 14:58

I am wondering about the amount of work planned for next year that will significantly increase AISC for 2018. What I really want to know is, is this just for next year or is this a rolling program of mend/replace that should be factored in to all future years?

The waters are clouded by the Astor involvement and the obvious incentive for the company to front load as much as they can to lower profit and avoid making any payment, at least until the appeal.

SBT

[shortarm] 27/3/2018 14:54

How many shares traded!!????

[superbobtaylor] 27/3/2018 13:38

"a lot of 1 off infrastructure works getting ticked off ahead of the plant expansion to 15.0MTPA.."

Is this really the case though or just what are surmising and would like to believe? (I am turning into CuFe2)

SBT

[laurence llewelyn binliner] 27/3/2018 13:09

Soon be ISA time #Shortarm... :o)

A solid years results and EURO 18M booked profit with H1 at only $2.60/lb Copper, a lot of 1 off infrastructure works getting ticked off ahead of the plant expansion to 15.0MTPA..

Q1 tonnage and updates due in 2 weeks..

[shortarm] 27/3/2018 12:21

Just stay at this price until the 6th April :-)

[simon_carter] 27/3/2018 12:07

Another little top up for me today, happy to keep adding here after today's results

[pawsche] 27/3/2018 11:27

Hmmm... The market seems somewhat underwhelmed by the results... But at least copper is back over $3.

Re "Prosptech" - peanuts amounts, irrelevent really. Probably one of Harry's drinking buddies.

[rougepierre] 27/3/2018 11:14

Apart from the AISC at $2.94 in Q4, nothing remarkable...steady as she goes...but not noticed this before...


"In December 2014, the Company entered into a conditional Earn-in Agreement with Prospech Ltd ("Prospech"), a private Australian exploration company, in relation with two exploration licences held by Atalaya's 100% owned Slovak subsidiary, Slovenske Kovy s.r.o. ("SLOK"). The agreement became effective in March 2015.

On 10 October 2017, the Company entered into a share and rights sale and purchase agreement with Prospech Limited. According to this agreement the Company agreed to sell its 19% of the share capital of Slovenske Kovy, s.r.o. to Prospech Limited. The sale consideration was 937,500 fully paid ordinary Prospech shares at A$0.16 per share, and 468,750 options, each with a right to convert to one fully paid ordinary Prospech share at any time up to 30 September 2019 for A$0.25. The sale consideration was EUR99,010 resulting in a consolidated profit of EUR99,010.

Further to the Sales and Purchase agreement with Prospech Limited, the Company agreed to transfer 50% of its Prospech shares and rights to the advisor for his services provided for this agreement. Thus, the Group owned 468,500 fully paid Prospech shares and 234,375 options at a cost of EUR49,505."

Any views...?

[rougepierre] 27/3/2018 10:58

M&A stirring in the Junior Miners sphere....Avanco copper producer of 14,000 tonnes pa gets taken out for $444m...

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