Atalaya Mining Share Discussion Threads

[shortarm] 13/9/2018 08:36

Copper at 2.70Get ready for a surprise...... :-)

[stockready] 12/9/2018 17:16

RNS soon,

all the best all

this is going to shift another gear up,

[shortarm] 12/9/2018 16:31

Copper and gold on a sudden rush!?

[laurence llewelyn binliner] 12/9/2018 10:14

#Onions, we are still making good money, and it all adds up.., 2018 Q2/H1 is more a taster of things to come in 2020/21 when we are scaled up to 15.0MTPA and spinning off 55,000 Tonnes of Copper.. but by then the real global supply/demand deficit will have kicked in and Copper could/should be closer to 4.00/lb not 3.00..

We just need to get Astor gone, or at least a road map to getting them gone.., and then announce a dividend strategy to make it more attractive to investors..

Exciting years ahead now we are finally able to demonstrate the profit making potential of PRT and delivering on what was forecast.. :o)

[mronions] 12/9/2018 09:24

if copper stays in doldrums , Alberto will find cost savings . he has operated before with low copper. his incentive has actually to spend recently as we have this silly Astor agreement in place where we can't make too much profit.

[laurence llewelyn binliner] 12/9/2018 09:18

Yup, excellent results, on a Q2 AISC of 2.35/lb, and an H1 AISC of 2.49/lb, the QP's and realised prices worked in our favour now they have caught up..

But before we get too excited, Q3 realised Copper is looking like 2.58/lb against an AISC of 2.35/lb with a 0.23/lb margin, which will result in EURO 5M profit, or around 35M for the year unless Copper reverses pretty quickly..

3.25/lb + Copper and we are minting it, as demonstrated.. :o)

[mronions] 12/9/2018 09:16

have not seen the results , but reading the thread looks good. What we have come to expect. Astor , we wait : any result would be a win win in my view ... status quo is the losing position. We either have to settle and if so opens the door to debt finance, or Astor original deal inadequate and we have our terms locked in for ever and we wait for Astor to agree a deal.

agreed need copper higher.

china / US tension reason for drop, but fundamentals are there ie cars = copper

[waterloo01] 12/9/2018 08:08

Excellent results. Well done AL.

[come on] 12/9/2018 08:02

But we need the Astor result sorted, is it 4 months now, and s good rise in copper price would help push this back up

[laurence llewelyn binliner] 12/9/2018 07:51

20M EBITDA I was expecting, with 10M bottom line.., EURO 15.7M profit for the quarter is stunning.. :o) 25M for H1.. GET IN..!

When Copper returns to 3.00/lb+, we know what we can expect.., scale that up 40 percent for the PRT upgrade, and then add another 30,000 Tonnes from Touro in and we are making some proper money..

Going forward, with a full year on 3.00 Copper, that could take care of a negotiated settlement with Astor from 12 months earnings.., and we can cover the plant upgrade costs from cash today..!

[adorling] 12/9/2018 07:10

RNS:
Copper production during the three months ended 30 June 2018 ("Q2 2018") was 10,446 tonnes, 15% higher compared with 9,058 tonnes produced during the three months ended 30 June 2017 ("Q2 2017"). Copper production at Proyecto Riotinto during Q2 2018 replaces Q1 2018's as the second highest quarterly production on record. During the six months ended 30 June 2018 ("H1 2018) copper production was 19,887 tonnes compared with 17,863 tonnes during H1 2017, an 11% increase.

Strong set of results and progress.

[shortarm] 11/9/2018 12:34

70,000 at 2.12 and the bid creeps up.....All good.

[gcpinc] 11/9/2018 12:27

rouge

Unfortunately I didn't but happy to be patient and expect it to bounce off the 50 day ma. SOLG does look an interesting Copper play but I prefer ARS !

[laurence llewelyn binliner] 11/9/2018 10:05

Tomorrow or Thursday #Shortarm.. :o)

[shortarm] 11/9/2018 08:00

Results anytime please......?

[rougepierre] 10/9/2018 18:29

Will ZIOC hold above 16.66....? If 15.40 doesn't hold, then 13, 11.5, 10...

Now 10% below your rec. on 21 August...

Hope you took your profits mate.

[mip55] 10/9/2018 11:03

Four month anniversary of appeal hearing and still :Current Status: Awaiting result of a reserved judgment

[laurence llewelyn binliner] 10/9/2018 09:32

Copper back to 2.60/lb..., it will turn, but how long will it take for the real world supply/demand deficit to emerge and the smoke and mirrors of the traders to clear..?

With us ramping up in 2019/20, a reliable rising Copper price then would be just right to sell into and for us to maximise returns on investment, I can see it playing out in our favour this way, we will have our appeal judgement to work to and plan around too.., and closer to Touro adding cashflows..

The overall project timing looks great, but H2 2018 is more of a waiting game..

[waterloo01] 08/9/2018 16:36

Thanks adorling. Certainly sets the case out for copper! Also in ARS and CAML but to a lesser extent than ATYM.

[erric] 08/9/2018 15:46

Thanks for posting the link,adorning.

A lot of information both in the main body and also on ATALAYA specifically, if you can spare twenty five minutes to scroll down to it..

[laurence llewelyn binliner] 08/9/2018 10:54

Interesting research and summary there #adorling..

A 316p target gives us +50% headroom.., Copper needs to upturn 1st, which it will, but when..!

Still waiting for our appeal judgement, but Q2 financials next week will be very revealing of what we can achieve at USD 3.00/lb+ Copper..

[adorling] 07/9/2018 19:23

Bought in here today with 7500 shares (2 trades) after reading the Arden research note. Already have a substantial holding in ARS also recommended as best copper investments.

[rougepierre] 07/9/2018 16:11

Meanwhile now up over 30% in SOLG, gc...better long term bet than ZIOC IMHO...

[laurence llewelyn binliner] 07/9/2018 16:06

#RP... I'm thinking the same, there is a correction happening/coming..

Interest rates up
Copper -20% from it's high
FTSE -7% from it's high of 7800
DOW/SnP peaks
QE now tailing off
Trade wars ramping up
Property markets cooling or dropping

Has it already started..?, time to keep your powder dry..? and our H1 financials next week..!

[rougepierre] 07/9/2018 15:22

really...? forecast fall to 49...

hxxps://tradingeconomics.com/commodity/iron-ore/forecast

Tariff wars...China biggest consumer...?

I prefer EVs and 'safe havens'...there's a crash coming...

AIMHO as usual...