Atalaya Mining Share Discussion Threads

[laurence llewelyn binliner] 21/11/2018 08:25

On the AAU.., the court case was with the Junta wasn't it..? not directly with EMED/ATYM.... the ecologists were challenging the Gov procedure used during the granting on permits..

Atalaya being profits/corp tax generating now and scaling up I would like to think the Government will want to continue to receive their tax receipts from us..?

[husbod] 20/11/2018 22:37

Like I said earlier the individual trades as logged by the ADVFN computer can largely be ignored - just look at what the share price is doing.FWIW I think there are some company specific issues behind the share price fall as well as general market conditions but as Corbyn said when asked about elementary economics in the real world wtfdik.

[riotinted_specs] 20/11/2018 20:58

I agree with the Shark on the price tracking AIM... Worse yet, it is almost exactly tracking Crude oil. Many commodity funds have both copper and oil bundled. This is very much so antiquated given that the world is moving its energy dependency away from oil and the current 19% to 50-60% electrification and therefore towards copper not oil. They are at odds and shouldn't be linked yet it remains the case with ETFs and other funds. The time will come when oil and gas are unpaired.

[mronions] 20/11/2018 20:41

welcome back shark__ why you not use old handle ? I remember you. Think we mention buy / sell because mot will not have level 2 and thus helpful to let know which direction trades are dept showing up different. This is a quote driven stock , so whatever the market makers want.

Do stick around

[rougepierre] 20/11/2018 20:16

Very helpful cacahuete...see you in 3 years with a £6 plus handle...?

[cacahuete40] 20/11/2018 19:26

Can’t actually work out how to post a new thread. Chaps been in this for over ten years. I was Shark_____ and used to rock up at various conferences. Anyway doesn’t matter

Chaps step away from the stock. Everyone is questioning the fall that’s made me want to comment.

Google Ftse Aim all share index

Look over a year

Look at atalaya aka emed same graph over year...

And
See. The entire stock isn’t moving due to this or that or rumour. The entire index is being sold off like the ftse. So don’t read too much into this. It’s a sell off. So won’t be connected to atalaya par say. Also copper isn’t a actor here as it’s just a fund sell off.

Yes we may have some extra selling pressure but the overall is various small cap AIM funds selling off hard. There is a direct correlation.

Anyways what else. Oh can people without level 2 please. Please. For the love of god. Not mention I did a buy and it came through as a sell. Or they must be busys etc, Ok. The system labels them as buys and sells but they will always. Always. Be wrong. As it’s just an attempt based on spread at time and things move quicky. It’s not manipulation.... it’s seaq or sets. Just look at volume as an indicator. Block trades are always shown post hours anyway. Just don’t do it! Don’t say it! Buys and sells are an attempt based on spread they will never be correct. Look at volume and spread and sure dummy buy or sell to really trick the system but those posts always get my goat.

Other than that nothing to report just waiting on those underground copper reserves per the old 2009 reports that show massive grades we all keeping quiet on....

San Dinesnho!?! Whatever the name is. Not Cerro the underground one they are keeping quiet on.
I probably won’t post for another 3 years.

But please do step away and look at macro index sell off. It’s just getting hammered on that.

Ps massively invested overly due to lack of debt and cash flow potential but like many suggested sheer hell. At one point I owned close to 1 percent of the stock

:)

Before they diluted for like forever. Sigh least no debt let’s hope they buy back stock at somepoint in the far future.

Ps to add the AAU is NOT under question. At all. They can’t revoke the AAU. It’s not even against emed read the Spanish. That’s not material. Call them if you need it explained vs puking onto the board.

[stockknobjockeyvanbookstino] 20/11/2018 19:24

I think you boys are underestimating the nullifying of the AAU. The Ecologists have another court case running to nullify the mining permit itself. Technically, I don't see how they can operate anyway with no AAU.

[waterloo01] 20/11/2018 19:01

I think it was around £2.00/ £2.10 (Orion ave price). This market doesn't help though. Looking very bearish generally

[laurence llewelyn binliner] 20/11/2018 18:56

A buyer might want to pay the 20 day VWAP on the stock, it could be viewed as convenient for the broker in the middle to walk the price down to make the sale 'strike' and get their commission could it not... :o)

That said, I don't know the price the stock owes Orion for break even, or how badly they want it gone.., can't imagine them wanting to make a loss tho' on a fully operational Copper mine making money and expanding next year...

Interesting times, never thought we would see sub 200p again..!

[waterloo01] 20/11/2018 18:49

No often the price is pre agreed to be at whatever 20 day average price, so the lower that is the less they pay.

[husbod] 20/11/2018 18:44

So if you're correct there should be a bounce once it hits the strike price whereas if there isn't a buyer it will continue down as Orion, or whoever it is, continues to offload.If the former what's the price I wonder. Again can someone remind me what price Orion came in at.

[waterloo01] 20/11/2018 18:22

That's what I suspect. Not sure if it's timed with the 3Q numbers which will be this week.

[rougepierre] 20/11/2018 18:12

I still think BMO is looking for one buyer for Orions holding and the price is being worked down for the buyer...

[mronions] 20/11/2018 18:12

if volume 275000 , that's double counted , so buy / sell 137 500 average

we here represented 85 / 137.5 = 60% of buy interest

good effort

[husbod] 20/11/2018 18:04

My view too waterloo - logically it could go much lower.Scarfs - it doesn't matter what the ADVFN computer says the price dropped 15p so a lot of the stated sells must indeed be sells.

[laurence llewelyn binliner] 20/11/2018 17:52

#waterloo01, I've checked the presentations, and Orions holding has reduced from 14.6% to 13.9% and again to 13.7% then they sold their off-take rights too.. so they have been selling off, have these been dribbling through on the open market..?, it is likely I think.., and leads me to believe the next step for them is selling out..

I can't believe there isn't a buyer out there for their %... but if they drip feed the market the share price could go a lot lower yet..?

I didn't go bananas today buying this afternoon, just 5250 shares (GBP10K), something smells like they could go lower yet, so I will keep adding through the week if they slide further .. :o)

[scargs] 20/11/2018 17:30

ADVFN has reported just over 275,000 share transactions today.

With so many buys being reported as sells it would not surprise me one if over half of the 275,000ish are actually buys.

[waterloo01] 20/11/2018 17:22

Orion won't drip. Not the way they work.

[husbod] 20/11/2018 17:18

Not as much as the seller/sellers clearly.It could mean the Australian company being the only interested buyer has pulled out after completing its due diligence - not altogether surprising given Astor, uncertainty over Touro and the defect in the PRT permission - with the result that no one wants the shares of whoever it is wants out so they have no choice but to drip feed them into the open market.Odds on it's Orion- what's their break even price?

[rougepierre] 20/11/2018 17:11

So that's at least 85k between us...

[spcecks] 20/11/2018 16:47

I added about 8000 shares.

[waterloo01] 20/11/2018 16:43

I added about 7000 shares

[mronions] 20/11/2018 16:37

"eliminate the extra marketing cut"
I agree that this is not liked on EMED side
It is basically a tax we pay for nothing

If you think the master agreement was flawed ie loan repayment structure , well the marketing payment is horrible. You would think they have something to trade on. However, one thing is clear , ASTOR (Ash) has no interest in mine, he just wants his money (from his perceive just protecting his investment). Ash tried to force us into some poor financing deals just to get paid and out. Hopefully agreement can be reached.

The mine keeps producing copper

Collectively , if we are all telling the truth, reasonable stock bought today by us all
me + 11 000
RP collective + 39 450
LLB ? + 10 000

who else ?

[waterloo01] 20/11/2018 16:24

LLB, yes, especially as interest rates rise. They are losing as it carries no interest. I'd say the negotiation should be to eliminate the extra marketing cut that remains ongoing.

As for distressed seller. Lot's will be hurting in this downturn, funds facing redemption's often means they have to sell, ditto anyone on margin.