Atalaya Mining Share Discussion Threads

[husbod] 18/7/2018 09:28

Part at least of the recent drop could be attributable to rouge as he and his better half had quite a decent holding and this is not one of the most liquid of stocks.The share price was holding up well until then.

[laurence llewelyn binliner] 18/7/2018 08:41

Copper does have and will have a strong rising demand, supply will reduce as old mines reach cut off grades, and investment in new mines has stagnated for a decade..

Over time the surplus will turn to deficit, and prices will rise, but as recently demonstrated the imbalance is not yet strong enough to override the price 0.60/lb drop (-18%). If the share price tracks in line with Copper it still has a little more to fall back, but a great entry or adding point coming up which I will be taking advantage of.. :o)

[mpclag] 18/7/2018 06:32

Really good article-IMHO great entry point if your looking at 2-5 yr investment-Not just in Atalaya, but a few others that have been battered

[sirmoori] 17/7/2018 17:41

https://www.bloomberg.com/news/articles/2018-07-16/the-world-s-biggest-miners-want-more-copper-but-nobody-s-selling

[mronions] 17/7/2018 12:22

there is something to be said sell in summer ... reinvest September

think we just need copper to settle

in the presentation material don't think they spent much time discussing other copper resource around our main pit ... so if you say there is still loads to come other than underground , would be good to have some detail

with acquisition and expansion comes risk, would prefer we get on with what we have or close .

operator, think we outsourced to Trafigura/Matsa team. The Matsa pit was a big lie in viability from the usual posters here.

[cflather2000] 17/7/2018 11:46

Good luck RP and thank you for your transparency

[rougepierre] 17/7/2018 10:57

Can't be wrong to have taken a six figure gain...question is where to reinvest it...

Cheers guys

[shortarm] 17/7/2018 10:45

Rouge, Touro is more profitable than our current mine! Lower AISC and better quality concentrate.

[husbod] 17/7/2018 10:34

Cheers rouge and good luck.I'm sure you will understand if I say that I hope your decision proves to be the worst one you have ever made but having said that I also do not see any massive upside in the near future.Oh well it's back to the real long termers and Warren Buffet strategy believers.

[laurence llewelyn binliner] 17/7/2018 10:34

RP... I concur, the company has a strong future, and will develop into a multi mine multi site company, BUT... as we wait for the Astor ruling is makes sense to be risk off, and with Q3 Copper looking like USD2.75/2.80.. payable Copper is USD2.60 with an AISC guidance of USD2.50/2.60/lb, where is the Q3 profit..?

Q2 will be very profitable with USD3.14/lb realised Copper, cEUR10M bottom line profit but where is the Q3 profit coming from at 0.55/lb lower (so far)..?

[shortarm] 17/7/2018 10:22

There are great big lumps of copper both sides of the main pit Onions!Like literally loads of copper - actual loads :-)

[rougepierre] 17/7/2018 10:17

Good day...

I think it is only fair to let you know that I have today sold mine and my wife's holdings.

We may well buy back in the future but there are a number of concerns that I have:

The recent excellent news has not dented the price fall;

While Touro is an excellent investment, as others have pointed out it will be more marginal than Rio Tinto at these prices and planning is still dragging on;

We await the Astor decision and we may know the worst case scenario but the fact is that we have to pay them at some time, as well as our capital investments, so...

I think the MMs will mark the shares down on the decision

As a friend of mine pointed out, we should have sold copper forward and at these lower prices there must be a significant dent in profits going forward;

While I see the copper price much higher in the longer term, I believe it may struggle in the short to medium term, especially if the trade war escalates and affects market sentiment;

Finally, in general I am 'risk off' on equities and hedging my position through other investments, so I find it difficult to justify retaining a £100,000 investment when, if all equities fall, ATYM cannot be immune (unless they get taken over).

I will continue to watch here and hope one day to be back into this wonderful story and the tremendous journey we've shared in the last few years.

Very best wishes and I hope you understand.

[husbod] 17/7/2018 10:14

Mr OErric is right imo.Given what this Board has achieved in a few short years there's absolutely no way they are going to sit on their backsides and let this be a one mine, or indeed two mine, company.Just look at our major shareholders and ceo - they're in it to create a major mining company and look where RTZ started.

[erric] 17/7/2018 09:50

Please,please correct me, Mr O but you sound like an investor not an entrepreneur. We have no idea how large ATALAYA might be in 14 years time but I’m damn sure the Directors aren’t thinking that the game’s up by then.
New acquisitions.
New countries.
Diversification.
New markets for new products.
Third party exploration contracts.
Re-branding as a service operation.

I’m not a miner nor a geologist but I would expect our board to do more than “last one out of the door please turn the lights off”

[mronions] 17/7/2018 09:49

My source had suggested we were expecting a couple years of LOM extension. I guess that has not been delivered. Rather we are digging it out quicker (at our expense) and to the profit of the off takers. Who really benefits from increased through put ? is it increasing efficiency over cost of implementing ?

[mronions] 17/7/2018 09:45

what do you guys think of the reserve update? was just focused on main pit , so I guess +30% not bad and supports increase in through put to 15mT/year . Its a case now do we have anything else on the property ? 14 years to return money to shareholders or all hinging on Touro.

[mronions] 17/7/2018 09:28

maybe punters did all buying ahead of reserve data, which shows +30% on main pit, but that is it. Not that exciting. What left in RIO Tinto ? The deep mine potential ? What other expansion is there ? or are we done in 14 years. Touro which is challenging relies on copper at $3.00 . In fact we are now raising are whole model on LT copper at $3.00 . How are we going to get paid in 14 years, unless the company starts paying dividends and growing (Touro) ? Nobody forgetting we still have Astor pending.

[rougepierre] 16/7/2018 17:04

IMHO the higher dollar and threat of trade wars don't help, but...

The long run shortage of copper can't be ignored.

Other risk on assets have held up, s why shouldn't copper bounce/

When equities drop and people are scared to buy bonds, cash has to go somewhere...

Cheers

[waterloo01] 16/7/2018 14:34

An excellent update with some impressive throughput, despite ongoing works to upgrade. More deeper drilling onsite which could be significant, Touro progressing but a little slower which is no surprise and hardly an issue.

[laurence llewelyn binliner] 16/7/2018 13:27

Interesting RP, Dr Copper usually knows..!, and it's been 10 years since the last 1.. but what's worrying this time around is that should another recession bite the Gov has no tools left to stimulate the economy with interest rates already at zero or as near as makes no difference, QE is tapering back and has to come to an end point, you can't endlessly create money from nothing to pump into the economy...

Copper bounced off USD3.30/lb and sunk to 2.75/lb in a month, that's a huge drop over the small time frame, or is this simply a result of trade wars beginning and traders/funds going risk off or short Copper..?

Q3 earnings will be down on Q2 for sure, realised Copper will be no where near Q2's USD3.13/lb unless it upturns very soon..

Look at what's happened to alternative asset classes, which the trickle down effect has impacted.., Art/Wine/Classic cars..., and sorry a shed of a 70's/80's Dagenham dustbin isn't worth GBP100,000, it just isn't.., and 2 up 2 down houses in nice places are not worth GBP 1M either...!

The FTSE at 7800, the DOW at 25,000, the cycle will repeat, 1987/98/2000/2008 and ...? timing is everything as you say, or has it already begun as Dr Copper tells us..

[rougepierre] 16/7/2018 13:15

Buy on rumour...sell on fact...

Meanwhile, is Dr Copper presaging a recession...? In which case waterloo's note on VILX is relevant...timing is everything...

[spcecks] 16/7/2018 11:28

Pleased with that operations update still holding and happy to do so.