Atalaya Mining Share Discussion Threads

[mip55] 05/7/2019 07:03

Peel Hunt appointed as joint broker

[mip55] 04/7/2019 16:51

Main article in most recent SHARES magazine is entitled Time to buy Copper. The industrial metal has a very bright future.

[mronions] 04/7/2019 15:55

The BAT is probably ex employee of Carlos. Old manager? Anyhow, wrong on core shareholders, wrong on BMO (frustrated that does not know conclusion, so guessing), very wrong about tailing dams.

[mronions] 04/7/2019 11:45

The tailing dam : so it has approval until 2020. This is administrative. The authorities will verify at anniversary that dam meets all requirements.

Fact is that tailings were already improved beyond requirements by Harry, and further still under Alberto. It was Carlos Estevez who almost ruined, and allowed water to run into second safety reservoir. It was Carlos Estevez management of mine who almost ruined mining in area for good and causing a natural disaster. Water now in the middle of 1st containment area, a good distance from walls that are far bigger / better than before. No crisis here.

BMO only interested in any deal where there is a live buyer and "fly fishing". BMO get paid if they get a deal done.
- we should consider our BMO relationship: they talk down the company. They don't like dividends and neither do their institutional clients.
- Canaccord much better. They have the contacts with Spanish institutions, good salesman. Promoting the company.
Anyhow, a company commissioning a strategic review (often at the bequest of the boutique bank looking for business) is not big deal and there is no news to share in public domain.

[vanhelsingjr] 04/7/2019 11:04

About tailings, Goebbels, Trump, Farage and Onions believe that a lie repeated hundred times becomes the truth but that is not the case for Riotinto tailings built in 1968, refurbished in 1995, approved by CEDEX only until 2020 and in a very critical situation due to illegal modifications implemented in 2015 by the present first class management. Where is the new project approved? If the future is so bright why Sandfire did decline? Why Orion and XGC are trying to sell? Why BMO strategic report has not been published or reported during the AGM? Why the share price is under 7p?

[rougepierre] 03/7/2019 16:31

OK back up to 300,000 in SOLG...

H2 expected to be much better for copper...

[mronions] 03/7/2019 13:30

There is no doubt Van has played ball with Trafigura objectives. That IMHO is 100% sure. Carlos Estevez may still be on an advisory retainer and may have been promised a greater role if Trafigura ever manage to wrestle Atalaya away from core shareholders. IMO even the ecologists action against us seemed encouraged by certain quarters. The ecologists IMO would have been helped by Carlos Estevez identify the administrative mistake.

[husbod] 03/7/2019 13:13

The usual mix of truth and skewed interpretation from the Bat whose cave is clearly located in Trafland.He's been trying to suppress the share price for as long as I can remember and it is now bleedingly obvious that everything is being done to persuade other majority shareholders to sell out to Traf on the cheap.Wouldn't be surprised if the Treehugger wasn't funded by Traf.Thing is Traf has a window of opportunity whilst Astor is unresolved, Touro hasn't got its permits and PRT has the problem with AAU. Once these are resolved, as I'm sure they will be, the share price will rise whatever Traf does.

[mronions] 03/7/2019 11:44

Carlos Estevez boasted more than once of being an advisor to Trafigura. I wonder if that special relationship still exists, or at least (pretend) friendship.

[rougepierre] 03/7/2019 11:03

Why do you constantly talk ATYM down vanhelsing?

What is your agenda, or are you a Traf employee?

[mronions] 03/7/2019 10:59

Our tailings are great. With expansion, they would be upgraded further. Management team have showed thus far that they can go above and beyond legal requirements (our tailings are better than expectations). Same model as we expand, and we meet tailing damn upgrade.

[mronions] 03/7/2019 10:55

agreed, blended grade will drop. but we have efficiency / newest equipment (and copper price long term looks good). We could buy other assets use our strong balance sheet (tidy post Astor). Our management is good (can I say world class?). We have to move beyond Trafigura sights.

[vanhelsingjr] 03/7/2019 10:50

sorry real life is 205p, Astor was not the problem for BMO review but the future of the tailings. The expansion is only a good business for contractors and the management, Atalaya will move and treat 50% more tons producing only 30% more copper reducing the feed grade.

[mronions] 03/7/2019 10:39

my strategy better to 350p exit . Sort Astor. Get right mix of expansion and returns to shareholders either cash or script.

[mronions] 03/7/2019 10:31

BMO strategic review. ATYM will have a lot more flexibility beyond ASTOR. The question is : do we reach an agreement now for a payment plan with Ash, or are his pockets so deep that he will not negotiate on principle and thus will wait it out another 2 years. We don't need the free 50m euro loan any more. We have spent so much at ATALAYA, the place is new. Soon we will have to hide our cash !

[mronions] 03/7/2019 10:26

Touro existing project (slow process). However, Masa Valverde, Agua Blanca, Yuso or Las Cruces are these interesting ? Once Astor settled free cash can be used towards expansion other than corto Rio Tinto. We will also have access to debt markets. What about beyond Spanish shores ?

[vanhelsingjr] 03/7/2019 10:09

Small investors are the necessary evil. Board is controlled by big guys with different strategies topped by those of the management. Liberty is waiting for the exit strike, Orion is looking for a buyer and nobody is interested, XGC is caught in its contradictions and has transferred the offtake, but the beneficiary is not interested in the shares. Only Trafigura is in buying position but at prices under the expectations of other big guys. And the management is playing with different positions in his own benefit: Touro, Masa Valverde, Agua Blanca, Yuso or Las Cruces. BMO deal failed showing no interest from third parties.
In 2015 XGC and Orion asked for 12p, then, or 3,60, today, but Trafigura offered 7p. And the share price is now below the old 7p

[mronions] 02/7/2019 11:43

"a scrip issue for dividends is a pretty convenient way to address the free float and some payback to investors"

Post Astor, I see no reason why this is not achievable.
- management have to show a willingness to return something to shareholders.

[husbod] 01/7/2019 16:21

LLB - I reckon that as soon as they have the permits for Touro they will be seriously looking for other opportunities. One producing mine, one permitted mine and another at planning. Unless of course they can pick up an already producing mine at a sensible price. Given that everyone seems to think copper is the future it might be difficult to buy a company or a mine that is already in production at an advantageous price.Also given that our lom is currently 13.5 years I would have thought that future planning is absolutely essential so I'm afraid I've got to stick with my no dividends preference.

[laurence llewelyn binliner] 01/7/2019 15:17

As a long term holder here for a decade, I'm more than ready to see a return on my investment thanks very much, a few pence per share won't make a jot of difference when we are raising $200M to fund Touro next year.., and we will have enough cash to deal with Astor first by the end of 2019, if they negotiate a reduced figure for full and final settlement that's fine by me opening the door for the next project and dividends..

I'm not a fan of dilution at all, but a scrip issue for dividends is a pretty convenient way to address the free float and some payback to investors..

I'm neither impatient nor greedy, but some return after 10 years is not unreasonable is it, and better than the zero capital gain I've had to date.. so I'm with Onions on this 1..

Building the company to the next level will take 3 or 4 years for starters to get Touro online..

[scrappycat] 01/7/2019 14:28

Husbod,

In principal, very happy to agree with your objectives. I'm here for the long term, and my preference is to see a much larger company developed.

[husbod] 01/7/2019 14:19

Sorry to be contrarian but as regulars here know I'm very anti dividend preferring instead that the company ploughs back any profits into further investment.I didn't invest here for a one mine company and neither do I want a two mine company. We have the expertise and shareholders to develop into a much bigger company.Neither am I interested at this stage of its development in the company incurring all the expense and massive additional red tape and compliance issues involved in a main market listing. AIM is fine while we develop.Rouge btw was lobbying for dividends 2 years ago. He was wrong then and is wrong now imo.

[rougepierre] 01/7/2019 12:21

That is very constructive thinking Mr O...

Distributing a dividend as shares covers off everything, especially the 'free float'.

Personally I am very much in favour of a full listing...it would boost the share price as more Its would be able to invest. The market would probably absorb quite a few additional shares at the same time, enabling Touro/Astor...

Meanwhile, the long term copper chart looks very strong...ready for breakout...and platinum similarly looks on the cusp and very strong...

AIMHO as usual...

PS still patiently waiting and watching ATYM and SOLG...the former I'm very comfortable with long term...the latter, I might buy back more if it slips below 30...

GLA