Atalaya Mining Share Discussion Threads

[rich1e] 05/10/2018 15:59

There’s a chance that when a handful of buyers appear the share price will move up swiftly and the rest will be told that they cant buy online. That happened to me last week after the news, I tried various amounts and in the end couldn’t even get 500 shares so gave up. The next thing the share price is at 160 and someone is buying in 125k lots, hey who knew? Someone did that’s for sure.

What price are you looking to get back in shortarm?

[husbod] 05/10/2018 15:36

Nice one rouge

[rougepierre] 05/10/2018 13:23

Thats kind shortarm but its never my intention to trade them...

I simply take a view at a point in time and then act on it.

Yes I look at charts and its hard to argue against oversold or overbought indicators, but its also hard to take a position against momentum...

In this case, against a previous high of 260 in June and with the Astor ruling hanging over us, I just took the view that 260 was high enough.

I am quite certain that IIs continue to accumulate long term positions and, within reason, will pay what they have to to achieve their goal.

But, perversely, despite being more than big enough to have a FTSE listing (at £344m MCap), we should remember that ATYM is still AIM listed and therefore subject to the volatile ramifications of AIM...

So...in answer to your question, all my stockbroking and City trading experience tells me..."buy on rumour...sell on fact" for example and AIM experience shows that there is usually an overreaction, because MMs love to either slam shares on bad news or hike shares on good news...

In the former, they sometimes buy in loads of stock from panic sellers and then when the fall has gone far enough, sell it out again to genuine investors.

In the 1970s/1980s a clear pattern emerged that PIs bought Unit Trusts near the top (on euphoria) and sold them near the bottom (in panic)...

As Mr Dow said when people are jumping off the buildings, that is the time to buy and when they're buying like there's no tomorrow, that's the time to sell...

Take CEY for example. A solid Gold miner. Their 3Q report today showed a down revised FY forecast for gold production to 480,000 tonnes and the MMs banged the price down. But the report showed Q3 production at a recovered 145,000 tonnes, equating to 580,000 tonnes per year. What did I do? Buy more at 95p plus...

And so to ATYM.

I believe the Astor bill is something like 53 million Euros.

The Court case will either announce that we must pay all of that now (shock! - not likely); or it will crystallise a payment plan.

But either way the debt will be recognised. ATYM will either have to adjust their CapEx plans (especially for Toure), or they'll have to raise more money (probably through debt).

So weak holders will sell as the MMs bang the price. I shall almost certainly be buying then...

And it would not surprise me one jot if, released from the cash controls placed by the High Court Judge, ATYM declare a maiden dividend shortly after, and the price will soar...

As to the macro...China is a strong net buyer of copper...sooner or later either Trump will be unseated and/or the trade war will settle down...whatever happens the dollar will fall eventually...EV demand is BOOMING...there will be a world shortage of copper starting 2019/2020 and the price response may make the 2010 peak look tame...

And one day I believe ATYM will hit £10...

Hope this helps and AIMHO as usual...

[shortarm] 05/10/2018 11:54

What's the next news due? And when?

[shortarm] 05/10/2018 11:47

Rouge, you're the best trader of ATYM among us.....What's your take on the current situation?

[shortarm] 05/10/2018 10:55

And a 25K sell!

[husbod] 05/10/2018 10:48

Lot of 5000 sells - makes me feel quite nostalgic.

[shortarm] 05/10/2018 10:08

Was always going to drip back when the buying stopped.Maybe he'll start again at the same level?

[mip55] 04/10/2018 12:36

Some other quotes from Husbods article:China's overseas expansion will spread over land that is home to more than half the world's population, potentially boosting copper use by 1.6 million tonnes, or roughly 7 percent of annual demand, major miner BHP said on Thursday.More than 70 percent of that demand is from 100 power projects, which typically are not the biggest source of copper consumption - accounting for between 13 and 22 percent of all copper use depending on the region.Such initial investment could lead to knock-on demand from other sectors.Increasing the international competitiveness of manufacturing in these regions may create a major lift in future demand from copper intensive sectors, such as automobiles, consumer durables and machinery," BHP says.Binns downplayed the impact of mounting trade tensions between the United States and China on demand, saying long-term fundamentals were likely to be robust.

[mip55] 04/10/2018 12:24

Case tracker for the appeal not been updated since 1st. Probably not significant but who knows ?

[husbod] 04/10/2018 11:51

Great article about copper in the business section of the Telegraph today quoting the BHP Billiton head of commodities.Demand will surge over the next 5 years thanks to China's huge global lending programme particularly its belt and road initiative. This will add an additional 1.6m tons of copper equivalent to adding another 7% to global demand.Lots of other good quotes but unfortunately my technical abilities are not up to pasting it here.

[laurence llewelyn binliner] 04/10/2018 08:07

Nice touch on the FX 1:0.87 now, a full 2% ahead of projections, and that's worth 0.06/lb on Copper for cash flows.. :o)

[rich1e] 03/10/2018 17:38

130k showing from early this morning, 264p.

[gcpinc] 03/10/2018 16:50

rouge

Yesterdays trade of 125k timed at 15:50:10 for 261p definitely looks like a buy to me as sells either side of that time yesterday were 258.40p !

[rougepierre] 03/10/2018 15:16

That 125k looks like a sale and buyback to me...

[laurence llewelyn binliner] 03/10/2018 13:53

Same as #Husbod, it that the order(s) filled now..?

The share price is well ahead of Copper now considering the last 260p share price was on USD 3.25/lb Copper..

[husbod] 03/10/2018 13:09

I'm wondering whether that's him done for now.

[gcpinc] 03/10/2018 12:12

And another buy from yesterday at 15:50:10 just shown up for 125,000 at 261.00.

[husbod] 03/10/2018 10:04

Yep, I was wondering whether this was a second tranche by the big background buyer.

[gcpinc] 03/10/2018 09:58

Another large buy this morning - 124,585 at 258.5 !

[gcpinc] 03/10/2018 09:58

Another large buy this morning - 124,585 at 258.5 !

[laurence llewelyn binliner] 03/10/2018 08:12

Copper 2.82/lb, and recovering well from 2.60..., but the FX is adding cash too, 1:0.865.. :o)

On the appeal ruling, I'm advised that the company are expecting this by year end.., doesn't pin it down much but it is coming..!

[husbod] 02/10/2018 21:14

Fair enough

[stockknobjockeyvanbookstino] 02/10/2018 17:34

Overweight. Still got 100,000 of them........