Atalaya Mining Share Discussion Threads

[waterloo01] 23/4/2018 07:27

Once Astor is sorted and depending on the outcome, I'd expect them either to raise the extra funds through a mix of equity and bank debt to fund any shortfall, but they could probably do most of this from PRT cash if needed!

[mpclag] 23/4/2018 07:24

can we fund this ourselves? Seems like its going to be over two years, back of envelope job suggests we can with the money raised earlier.

[waterloo01] 23/4/2018 07:16

Excellent stuff re Touro. $164m capex and shallow deposits.

[laurence llewelyn binliner] 22/4/2018 09:09

#waterloo01 We can keep up with the results here from May 09th, hopefully a next day ruling, it won't be a week hearing like the first will it..?



Then there will be the deal making to get Astor gone, hopefully all their royalties, and brokerage fees too so we are finally stand alone with no extra snouts in the trough heading into the 15.0MTPA expansion and Touro...!

[waterloo01] 21/4/2018 13:56

Good find. I've been keeping my eye open for the date. I'll try and go along for some of it to get a flavour. Hopefully just one day event as will be arguing case law rather than re hashing the last trial.

The price rise of late is very reassuring as I suspect buying is longer term capital being put to work.

[lanty33] 21/4/2018 13:25

I hope you are correct robm.The judiciary NEVER fails to astound me!

ATB l33

[robmcelf2] 21/4/2018 09:19

Indeed LLB - whatever the final outcome, it's another level of uncertainty stripped away which will ultimately be good for investors.We are also in a much stronger financial position now to deal with any unfavourable finding than we would have been had we caved in to Astor's demands for us to start payments 2 years ago. However, like you, I feel it's very hard to construe the explicit contract terms about repayment conditions in favour of Astor....

[laurence llewelyn binliner] 21/4/2018 09:04

Good find robmcelf2, I've come across the term 'all reasonable endeavours' in contracts before, never liked it and removed them, IMO it's just not quantifiable, and therefore not enforceable too..

It will be very interesting to see if the appeal court uphold the high court ruling, or overturn it, I can't see on what basis they could tho', we did not use senior debt to fund PRT end of story.. a contractual oversight by Astor's lawyers and they are setting their stall out for a professional negligence claim on them is my take on it.

I'm expecting a deal to be done, not before but after the ruling, if we have the upper hand then we can use the leverage on Astor to get a much better result for ATYM, get them gone and push on with Touro next..

[robmcelf2] 21/4/2018 07:47

Finally found the Atalaya vs Astor appeal date 9th May Just around the corner really!!https://www.jdsupra.com/legalnews/on-the-financial-services-horizon-18868/

[reba] 20/4/2018 13:52

See fret this morning
Just cleared for half hour to view the beaches. Spectacular well worth a visit

[lanty33] 20/4/2018 13:41

And today`s weather?

[husbod] 20/4/2018 10:46

Reba - if you could guarantee the weather you couldn't get more beautiful beaches anywhere in the world than the Gower/West Wales. Sadly that guarantee is as likely as a Russian telling the truth.

[reba] 20/4/2018 10:32

Spending a little time on the Gower South WAles. Lost and then thankfully found my wallet on the beautiful beaches.
Good weather and now making a nice profit from ATYM

[shortarm] 20/4/2018 10:31

I think I need someone to buy ATYM out...At the moment I can't imagine when I'll want to sell them, there's such a lot of potential at the moment. Further mines, dividends etc.A buyout at a decent price would take the decision away from me!

[qs99] 20/4/2018 09:25

Well maybe people are just sitting up and taking notice of the potential EBITDA out turn for this year plus FCF yield.....

[superbobtaylor] 20/4/2018 09:15

I think we will get the chartists and momentum players starting to take an interest now. Does not take a genius to read the 6m chart above.

SBT

[husbod] 20/4/2018 09:15

Lol erric - were you there too!Rouge - this is indeed a civilised thread unlike some I visit periodically. Incidentally could you remind me of your favoured silver punts.

[rougepierre] 20/4/2018 09:09

And a tremendous feat of patience for you old ATYMers...

[rougepierre] 20/4/2018 09:09

And a tremendous feat of patience for you old ATYMers...

[rougepierre] 20/4/2018 09:08

What a wonderfully happy friendly ATYMosphere on here now.....

[erric] 20/4/2018 08:53

No, you’re not asleep - just a flashback to 1967 in San Francisco when you were probably twirling love beads and the future looked rosy.

[husbod] 20/4/2018 08:43

Is this really the Emed/ATYM that we've all grown to know and love or am I still asleep?

[qs99] 20/4/2018 08:39

Looking good

[wanderer1210_0] 19/4/2018 20:20

Hoping for 2020/21 a share price of £5 paying a dividend of 10p per share, next stop is £2.60

[laurence llewelyn binliner] 19/4/2018 19:27

#Good work Husbod, years of patience and slowly adding in the ISA has finally got me into a profit, with what has turned out to be 10 years of averaging down to 200p..., sitting pretty now tho’ as we push on to 55-60,000 Tonnes of Copper and 700K Ounces of Silver, best guess 300p 2018, 400p 2019 with the PRT expansion, and 500p with Touro ...?