Atalaya Mining Share Discussion Threads

[waterloo01] 29/11/2018 14:29

Interesting Spanish press has focused more on the 30% increase in mine life suggested.


Atalaya increases the reserves of the Riotinto mine by 30% and extends its operations until 2032

[waterloo01] 29/11/2018 14:17

Just all waiting for the news! Hope you noted that VILX will close to PI's in 2 weeks. What else do you use that's similar?

[rougepierre] 29/11/2018 14:14

SP up 15% since last week...

Posting frequency on this Board down 75%...

Must be a lot of happy bunnies out there...?

(Collapsed 100% on LSE...has Onions gone back to Riotinto...?)

[husbod] 29/11/2018 09:29

Bank of England has announced that a disorderly Brexit will result in earthquakes and flooding in the Huelva area of Spain and all human beings should therefore evacuate immediately.Expect an RNS to this effect shortly.

[stockknobjockeyvanbookstino] 29/11/2018 07:39

No excitement, equivalent to 220p

[stockknobjockeyvanbookstino] 29/11/2018 06:43

TSX is volatile but 30% rise is large.

[leopoldalcox] 28/11/2018 10:36

Looks like we're heading back to 260

[husbod] 27/11/2018 17:19

A propos my earlier post the BBC, that well known champion of the Establishment, has confirmed that so long as we remain in a transition period or a temporary customs union we cannot enter into a free trade agreement with the US or anyone else.It's a matter of national pride that our prime minister is a bigger liar than Trump.Under no circumstances will Parliament vote through President Mays Fundamentally flawed agreement as to do so will mean that we will NEVER be able to enter into free trade agreements unless the EU condescends to let us leave the temporary Union. They have every incentive not to do so.So let's see then if there is no other agreement available. Course there is.Rant over but it is very relevant to our share price All will be revealed in two weeks time.

[husbod] 27/11/2018 17:02

Could I indulge in a spot of nostalgia for the old timers here.In the mists of time when Harry rode the Emed steed like a legendary colossus and we were all moaning about Spanish corruption etc some of us, particularly me, were banging on about a tungsten mining company in Cornwall and what a difference it made being situated in a stable relatively honest country where the Rule of Law was sacrosanct.Well Wolf Minerals went into liquidation last month and a rescue package for the mine now seems to have collapsed.Espagna 1 Angleterre 0Copper 1 Tungsten, rare special metal outside China and a guaranteed winner 0.

[waterloo01] 27/11/2018 12:20

Husbod, yes I understand the macro situation and copper could well be hit, especially if Trumps full tariffs go ahead, and agree EU growth looks questionable as does the Euro, but beyond the price of copper, a fall in the £ or Euro doesn't hurt our valuation, rather the opposite.

[husbod] 27/11/2018 12:15

Waterloo - seems like the EU is on the edge of recession even with interest rates at minus point four percent so a no deal could tip them over that edge with Italy and Greece doing their own bit of pushing. In which case the markets will certainly panic as City Scribblers are prone to do especially as half of them are robots these days.I'm afraid the positive micro economics of ATYM can't be completely divorced from the macro situation.Not saying it will definitely happen and I hope it doesn't but it's a distinct possibility.

[rougepierre] 27/11/2018 11:40

O/T

Just bought back into NOG at 148...MCap £270m

TRAF has over 4% stake...

$130m in cash by the end of November...over 90m reserves but a temporary water incursion problem to be resolved in 2019 that is limiting production....

So definitely one for the patient, but in January when I bought them before the broker target was over 600p...

DYOR and GLA

Edit: Bought 2nd tranche at 136 to average down....will sell half at 142 and then stick...

[waterloo01] 27/11/2018 11:39

Husbod, why? Pound would/will fall heavily which should support the share price given we deal in $$$ but are valued in ££

[husbod] 27/11/2018 11:37

Here's a hard one guys - who do you believe Trump who says the EU Agreement prevents a UK US free trade deal or Theresa May who says it does no.In grappling with this do you take into account the fact that it took the EU 27 about 27 seconds to approve the deal.What's this got to do with ATYM you ask. Well if the deal is voted down in Parliament, which it should be, this rise in our share price may well reverse rather spectacularly.

[rougepierre] 27/11/2018 10:12

And up we go again....

[pawsche] 27/11/2018 09:37

@stocky...

True. With the collapse of communism in the west the "environmental movement" has become the new means for our redundant communists to express their hatred of capitalism... Hence the description of them as "watermelons" - "green on the outside but red on the inside".

[stockknobjockeyvanbookstino] 26/11/2018 22:20

These people come across as just anti-capitalism.

Spain will be a lot, lot, poorer with them and they don't profer any solutions. This is clearly an attack against the Company rather than purporting their (in this instance) misconstrued ecologistic views.

[rougepierre] 26/11/2018 14:28

Onwards and upwards...

[laurence llewelyn binliner] 26/11/2018 13:15

None left for sale at 200p ... :o)..

[rougepierre] 26/11/2018 08:31

Same old IS...stable door...horse...bolted...

[stockknobjockeyvanbookstino] 25/11/2018 22:41

LLB, it includes sustaining expenditure and capex.



Nothing left for Astor after that, for now.

[laurence llewelyn binliner] 25/11/2018 19:45

Thanks Stockers, this is what I’m puzzled about, the definition of excess cash, which seem to be different to profits..

So profits as reported YTD minus the EUR10M we are allowed to spend on projects work outside of PRT, and then anything left over has to go to Astor.., which would still result in Astor getting around half of what we owe them from 2018...?

YTD profits EUR27.5M, FY profits cEUR35M less EUR10M = EUR25M to Astor ..?, but we haven't given them a bean yet..?

I can see why Astor are getting frustrated, perhaps enough to bring them back to the table and negotiate a quicker settlement for a smaller number... :o)

[waterloo01] 25/11/2018 19:43

Thanks. As I thought, Astor appealing the appeal. No chance. Suspect the supreme court has better use of it's time. The full judgement makes it fairly clear that excess cash is after PRT related expenses (high at the moment but that's 'Astors' bad luck) plus the $10m.

If they wish to drag it out longer rather than negotiate (ie payment schedule in return for cancellation of marketing agreement) that's up to them. It's an inconvenience to ATYM, but hell, it's all interest free so screw them.

See IC still make us a takeover target.

[waterloo01] 25/11/2018 18:23

Can't access. Are they referencing the appeal of the appeal over the up-tick? Excess cash means over and above the money needed to continuing improvements in the mine process and the $10m we are allowed.

They will eventually get there in spades, but not before we get to 15mt.