Atalaya Mining Share Discussion Threads

[shortarm] 18/4/2018 11:32

224.9999 to buy even the smallest amount of shares!

[waterloo01] 18/4/2018 10:57

The price is really solid and suggests ongoing deep pockets in the background.

[saintb] 18/4/2018 10:55

Sorry Waterloo 11230. Our posts crossed. Carrying out a bed and ISA yesterday I got 219.5 for my sale.

[saintb] 18/4/2018 10:53

Surely the 1,600,907 are the Rumbo shares being enetered into the market?

[waterloo01] 18/4/2018 10:52

The other trades are the buyers, so might be one more 100k trade to report at 2.185 or they have kept that as a float.

[waterloo01] 18/4/2018 10:31

Indeed over 2m shares in 3 trades. Could be a work buy or sell or Orion as they were 'rumoured' to want to sell some at £2.00 or director buys or funds getting in or.........

Need a holding RNS to find out!

Edit: The 1,600907m shares trade is the exact amount that Rumbo took, so they must have sold. Willing buyers though,

[shortarm] 18/4/2018 10:29

I guess they're late declared trades....Maybe the reason behind the rise to where we are? Holding RNS soon?

[husbod] 18/4/2018 10:19

3 very large trades with no share price change either way. What's occurring?

[husbod] 18/4/2018 09:00

Strange that the share price didn't tick up a little on the strength of yesterday's buys and the suggestion that there is still a big buyer in the background.

[mronions] 17/4/2018 16:14

late buyer in market .

I did a dummy sell earlier on 30 000 max and got 215.35p

Now I get a quote on 50 000 at 219.5p

[erric] 17/4/2018 15:42

Hee Hee,
Very cutting, that comment

[lanty33] 17/4/2018 15:39

Pierrepoint?

[shortarm] 16/4/2018 09:23

All buys so far.....Lol :-)

[husbod] 15/4/2018 13:41

Great post LLB. I wasn't clear on the overall exposure to Astor so thanks for that.I can't see that Astor can possibly be confident about the outcome of their appeal which has possibly only been lodged to comply with their lawyers professional indemnity insurers requirements. So,as previously stated, this would be a good time to attempt an advantageous out of court settlement.

[laurence llewelyn binliner] 15/4/2018 08:24

#saintb, yes, that is good deal making IMO too, assuming Copper does not drop below USD2:60/lb for a few years, but all the indicators point towards greater demand with the supply side tightening so I can’t see the price pulling back that far now the decade of under investment in new projects is kicking in..., the only way for companies to grow now is through MandA, and that’s going to drive prices up too...

Astor next, and if the appeal court judge reiterates the primary ruling that the senior debt clauses and payments have not been triggered, then Astor will be waiting a long time, 6/7 years was the contracted period, we are contesting that no payments are due at all..! the BOD may decide this is the opportunity to use our leverage and do a deal for shares to get them and their marketing fees gone early, and I'm expecting this to be the result..?

[edit] Astor's deferred consideration is EUR53M, their marketing fees add up to another EUR42M, plus their quarterly royalty if Copper is over USD 3.00/lb of USD0.66M capped at USD15.9M, so it is a big total number (EUR110.9M max).. which I'm hoping we can negotiate downwards..

Exclusive agreement to provide agency services to Company on all concentrate sold
For the first 932,000 dmt concentrate sales a base marketing fee of EUR11.25/dmt of concentrate sold is payable plus additional, escalating fees dependent on copper price
For the remaining balance of 1,438,000 dmt of concentrate sold a commission of EUR22.50/dmt is payable..

Quarterly payments of EUR0.66mm, during the deferred consideration, period when the copper price is over US$3.00/lb up to a max total of EUR15.9M

The revised PRT 43-101 is due in Q2, so a deal needs to be done BEFORE with Astor, as their interests are based on the 2013 43-101 only as I understand it.., a deal will be done pre Touro so we are stand alone and get this last snout out of the trough.. :o)

2018 will be a very interesting year in the companies journey to expansion and growth..

[saintb] 14/4/2018 12:57

LLB. Thanks for reply. I mis-understood your "50% discount" comment. So a 50% (approx) reduction in our cash obligation. Great deal I think.

[mds2028] 14/4/2018 12:37

Thanks Husbod, love you wife's saying she got you. Very true indeed!
A great year ahead and hopefully a good strong, on going growth story

[laurence llewelyn binliner] 14/4/2018 11:50

#saintb, Rumbo had their 1st USD500,000 royalty in shares recently, plus this USD4.75M balance to get it gone so it's cost us USD5.25M of shares at today's prices..

So about 50% of the full royalty cap value of USD10M, and assuming Copper stays over $2.60/lb that's where the cap would have cut off, when the share price doubles from here they will have USD10M worth of shares tho'.. :o)

[husbod] 14/4/2018 11:48

Good to hear from you MDS and even better to see your business has gone manic - makes it more difficult to waste time watching this share on a daily/hourly basis.My wife came home with one of those mounted sayings the other day - a pointed comment on the restlessness of my being self employed for the last forty years namely "time you enjoy wasting is not wasted time". So true in the context of ADVFN!

[saintb] 13/4/2018 18:31

This is a good deal for the company and for Rumbo. Rumbo won`t have to wait 10 years for their shares to have a $10million value.

LLB. See 11202. Not sure where you get the 50% discount from?

[rich1e] 13/4/2018 16:15

I’ve not noticed MDS posting lately, I wonder if he’s still around?