Atalaya Mining Share Discussion Threads

[rougepierre] 08/5/2018 09:03

I have several US or Canadian shares bought with no difficulty through III and settled in sterling pawsche...

[pawsche] 08/5/2018 09:02

@ttt... Looks like a decent arbitrage opportunity for anyone with a British/Canadian broker. :-)

[rougepierre] 08/5/2018 09:01

Richie...in a nutshell VILX, like VIX, is a measure of fear in the US markets...fear of getting caught or fear of missing out...

To my mind, charts are irrelevant in this respect. For much of the time since Trump got elected the S&P/Dow simply went up and up. People just kept buying...then there was a correction and VIX jolted back into life, burning all the massive shorts...

Now there is a growing debate about the future direction of markets and therefore volatility is likely to steadily increase.

In the meantime, my strategy is to observe a trading range and buy near the bottom and sell near the top...for now I'm stuck...but any geopolitical or economic shock like the threat of a trade war can jolt VIX/VILX into action...

One final thought...much of the volatility of the volatility happens in the second half of the US trading day...while VILX is closed...which can be a bummer...

Good luck and keep us posted.

Oh and jolly well done Waterloo...

[tommyttrades] 07/5/2018 19:25

Has been trading upwards in Canada last cpl of weeks

Currently 4.75/5.10 £2.72/2.93

[laurence llewelyn binliner] 07/5/2018 09:27

#SBT, yes, it dipped to 0.80, but now almost 0.84.., 4% is a big save off our AISC.., at around USD 0.10.. :o)

[superbobtaylor] 07/5/2018 09:25

Dollar getting stronger Vs euro. V. good news for us.

SBT

[laurence llewelyn binliner] 07/5/2018 08:44

It's likely the share price will give us an indication as to the result before it's published ..!

[waterloo01] 07/5/2018 08:38

Likely to be one day hearing. How long till judgement is released another question.

[laurence llewelyn binliner] 07/5/2018 08:27

I've got the same Q #robmcelf2, but we can keep up with it here.., wont be long now tho'..

[robmcelf2] 06/5/2018 20:45

Appeal hearing vs Astor starts wed 9th May - any thoughts on how long this might take? Do we expect the hearing to be 1 day and the maybe judgement a week later?

[rich1e] 05/5/2018 11:53

Thanks for that waterloo and indeed for the time taken prior in getting in touch with them and sharing their reply. I will try to familiarise myself further with the VIX futures. I will look further into VIXL, and try to get a better understanding through the information that you’ve provided. I was puzzled as to why after a few months of volatility and a decline in the S&P 500 the price seems to be trending downwards. The US markets will reverse at some point, and so it would be good to have some exposure to products that benefit to offset losses in my managed funds, which I will keep invested as many will reinvest their yields at lower prices.

[waterloo01] 05/5/2018 09:09

Richie, I asked them directly how it actually works and this was the reply.

We monitor the performance of our products carefully and we believe that this product is performing as expected. The Boost S&P 500 VIX Short-Term Futures 2.25x Leverage Daily ETP (VILX) is designed to provide 2.25 times the performance of the S&P 500 VIX Short-Term Excess Return Index. In turn, this index is designed to return the performance of a rolling position between the 1st and 2nd month VIX futures contract plus the cash invested.

Looking at the recent performance of the VILX, NAV of the VILX moved from 0.12552 USD on close of the 12th to 0.13597 USD on the close of 16th representing a return of 8.62%. This return was driven primarily by two factors:

Returned on 1st month VIX future (UXF8); The future moved from 10.575 to 11.775 representing a 11.35% change. With a weight of 5.35% and the 2.25x this contributed 1.37% to the VILX return.
Returned on 2nd month VIX future (UXG8): The future moved from 11.675 to 12.075 representing a 3.43% change. With a weight of 94.64% and the 2.25x leverage this contributed 7.30% to the VILX return.

As you can see, these two futures contracts account for 8.66% of return. The remaining difference of 0.04% comes from fees and the cost of collateral.

It’s also worth noting that above valuation for the VIX future (and therefore the VILX) are taken using closing prices in the US. The quoted price for VILX on the LSE will reflect the prevailing market price throughout the trading day with the closing price on a given day calculated using the price of the VILX at 4:30pm London, approximately 4 hours prior to the US close. Given this timing difference, there will always be a performance difference between the NAV of the fund and the performance observed taking the LSE closing prices.

[rich1e] 05/5/2018 07:20

Sorry for the o/t, Waterloo/rougepierre I’ve noticed you mention the VILX product, what does actually measure? I’ve read the product description, but it seems to be making lower highs and lower lows and so its hard to imagine that it measures immediate volatility given the recent few months. Also given that the sp500 has been higher than it is now, I would assume that as a shorting mechanism the product would now be higher. I’m all for leveraged products, I’ve mentioned a few on here in the past, LCOP, LOIL, Suk2 and so a product which would gain in value as the US indices fall has appeal, but I’m struggling to see what would make it reverse its current trend. Is there a delay so that continued downward pressure on the S&P500 is required to see an upturn? Thanks in advance.

[superbobtaylor] 04/5/2018 14:43

I am waiting for the resource update..... Looking like the court case first.

SBT

[shortarm] 04/5/2018 12:19

So when do we get a broken note including Touro....?Anyone?

[laurence llewelyn binliner] 02/5/2018 18:17

#sirmoori, nice article, $3.62 Copper (USD8,000/Tonne) by December 2018 is fine by me..! 125M/lbs of Copper from PRT in 2019 at a USD1+ AISC margin makes for some strong earnings..

The USD/EUR has come back almost 4% in our favour too, that's EUR0.10 straight off the AISC.. :o)

[sirmoori] 02/5/2018 17:17

hxxp://www.cityam.com/285166/goldman-sachs-case-owning-commodities-has-rarely-been?utm_source=dlvr.it&utm_medium=dvTwitter

[shortarm] 02/5/2018 14:03

The bid is actually up, they were offering 252 for 15K, now its 252.2 for 15K

[shortarm] 02/5/2018 12:09

40,000 shares sold and they still want more.....When's the next hop up?

[erric] 02/5/2018 11:08

Not sure but if there’s a market for slug coils I’ve got plenty in my garden. I think it’s all the nougat I’ve been spreading around.

[husbod] 02/5/2018 08:59

Yep turns out Harry was a very astute operator. I particularly liked the way he wound up the locals to ensure all necessary consents were massively delayed. I see the futures for copper slug coils has gone bananas. Anyone know who makes them?

[laurence llewelyn binliner] 02/5/2018 08:06

We really are perfectly positioned here now aren't we, scaling up from 5.0 to 9.5 to 15.0MTPA, adding Touro and looking into a Zinc project just as demand is increasing rapidly with the EV revolution and the supply side is entering declining LOM's and disruption with workers and Gov's demanding a bigger slice of the pie each..

Harry's uncanny ability to delay the start of operations for 5 years to 2016 was a pretty good call.., if we were up and running in 11/12/13 we would have had to watch the Copper price tank from USD4/lb to USD2/lb..

Timing is everything as they say.. :o)

[superbobtaylor] 01/5/2018 10:41

9k (cash value) sell this morning was me. Don't see anything wrong with ATYM at all but gotta diversify my portfolio.

Still got plenty more.

SBT