Atalaya Mining Share Discussion Threads

[vanhelsingjr] 08/3/2019 14:40

controlled below 225

[waterloo01] 08/3/2019 11:36

It did last week. I'm now almost fully loaded with VILX. Strapped in for the ride

[rougepierre] 08/3/2019 11:34

You were robbed...its never traded above 3.73...

[mronions] 08/3/2019 08:33

VILX massive move ... and in at 3.92 , target 5 ?

[rougepierre] 07/3/2019 18:02

"Silver to strengthen, outmuscle gold by late 2019..." (Witco News)

"“Going forward, given silver’s far smaller market size (relative to gold), we expect silver to gradually outperform the yellow metal, resulting in a fall in the gold/silver ratio to the low 70s in late 2019,” Metals Focus said.

The ratio measures how many ounces of silver it takes to buy an ounce of gold. As of mid-morning Wednesday, this ratio was around 85.4."

Currently 85.6...at $15.01.

At current Gold prices, 70 would take it to $18.36...a 12.2% uplift...

But if Gold hits $1500 as forecast, silver would be $21.4...an uplift of 43%

You can work out the dramatic effect this would have on EBITDA for established producers like HOC and FRES...

In July/August 2016 FRES was 1880 and HOC 295 when the silver price was last close to $21...

But in August 2017, FRES was 1541 and HOC 319 when silver was only $17.60....

And in the last two major Bull markets, silver hit 115.26 in February 1980 and 54.38 in April 2011...no adjustment for inflation since...but FRES hit an all time high of 2150...

GLA

PS Another article suggests we're only in the first third of a Bull Market...the final third is characterised by "frenzy"...

[husbod] 07/3/2019 11:31

No posts. No trades.Van - need you to post that Traf have upped their offer.

[mronions] 06/3/2019 17:30

Can't see it . There may have been a review of potential deal, but it is not happening. Core shareholders would need north of 300p IMHO.
If Trafigura tries to offer a deal in the market and then sweeten terms privately with core shareholders there is a very serious risk of prosecution and fines, Trafigura does not want a court case .
Any attempt to screw minorities will attract hedge fund community who will buy the optionality of a court case , Elliot style (just look up examples of Singer's Elliot and court cases against corporates who try and screw minorities).
Trafigura are probably frustrated , always their intention to try and get EMED / ATYM on the cheap.
I sometimes wonder about the share action during the time of Trafigura buying in and funding , looked funny to me (IMHO).
I also wonder how Trafigura won all the exploration licenses , that have far too much than they can handle , how did they get all of them , again Trafigura does not like to do things in the public eye , hence they would probably like to take ATYM private ... all IMHO.

[waterloo01] 06/3/2019 14:35

lol, probably. Re VAN I suspect he's heard something, but as usual not the whole story? Just guessing but might be one holder wants out and that's the price? If so £2.70 will form a new floor.

Don't see the others selling out at this price. Would need something much higher.

[husbod] 06/3/2019 14:15

No activity since just before 10am which is a little surprising unless all the earlier buys were prompted by Vans post.

[reba] 06/3/2019 13:50

Down 13p over the last week on virtually no sales now reasonable buying in excess of last weeks sales and no increase
Manipulation?

[husbod] 06/3/2019 10:57

Yep what a triumvirate - Van, Traf and Lango.

[come on] 06/3/2019 10:47

Funny langostino has come out of the woodwork too

[husbod] 06/3/2019 09:42

Bloody hell. Van is being positively prolific. Normally he just lobs a verbal grenade into the board and then retreats into his coffin to regain his powers.He must be at one of the Poles and operating in 24 hour darkness.

[vanhelsingjr] 06/3/2019 09:29

270 Not so bad business for big four
XGC 55% benefit plus collaterals
Orion 34% benefit plus collaterals
Liberty 87,5%
Majedie 50%
I agree with Langostino a "satisfactory culmination of long term plan" for Trafigura started in november 2012 lobbying for the postponement of mining permits ready for approval.

[husbod] 06/3/2019 09:20

Good post Mr O.However I thought I'd hedge my bets with a little top up just in case. Even if Van is misleading us, again, the investment case justifies it anyway. Plus still paying quite a lot less than recent highs. Ho humm

[mronions] 06/3/2019 09:14

I would be very surprised by a shareholder deal at 270p , would be foolish to exit now with Broker valuations rising , ie NAV 370p at Canaccord and likely to increase. Think Van is suggesting 270p del vale for core shareholders and attempt a delisting for minorities at vwap. Trafigura seem to forget that minorities are still about 20%, this is not delisting the last 5% , so we would have a say. Anyway, hedge funds would buy this for the court case optionality. Think VAL and knowledge of Trafigura plans, frustrated. VAL just likes to disrupt ATYM, but his battle was with Harry not Alberto.

[come on] 06/3/2019 09:12

Can't see why there would be a deal at that price, touro not priced in, future outlook for copper, broker notes of 330. Possibly more van with a twist of reality

[husbod] 06/3/2019 09:02

Well there we are - if you believe van it's time to mortgage the house and buy buy buy.270 would give me a good profit but it's not the price I was looking forward to.

[waterloo01] 06/3/2019 08:22

if there is a deal around 2.70, you can still buy at 2.22 Edit: now 2.24 and rising

[langostino] 05/3/2019 22:59

270p is the old 9p Trafigura buy-in price and probably about what they would pay to take out the whole company and delist. From their point of view makes perfect sense and satisfactory culmination of long term plan. Unfortunately PIs' never had a chance. IMO

[husbod] 05/3/2019 20:46

Spcecks and erric - volume is indeed low but the share price drop is totally disproportionate to that volume so why the drop I wonder.Anyway agree with the consensus and can't imagine why the big shareholders would sell at a loss given that the company is only just beginning to realise its potential.Unless they have fallen out big time and are frustrated by their individual lack of control.I for one would welcome a statement from the company updating us on the current situation.Maybe Vans 270 is the maximum anyone is prepared to pay for Trafs tranche.

[mronions] 05/3/2019 20:11

@vanhelsing ... it may have once been a good idea, and who knows a merger with Matsa would create a bigger player. However, it has to be of value for the other shareholders. Finally Trafigura unlikely to want a listed entity that force them to make decelerations to the market : Trafigura thinks Spain is still a backyard to do business with brown bags ... IMO .