Atalaya Mining Share Discussion Threads

[husbod] 24/7/2019 15:32

News coming?

[mronions] 24/7/2019 09:53

just lifted 212 IG Index, when market was 208-212 .... now 208-220 on IG, will underlying stock shift?

finally stock shift 2010-220 (IG 208-220) ... got £5 / point on this , just for a laugh

[rougepierre] 19/7/2019 11:29

Copper price BOOMMMM!!!

Touching $2.80...

ATYM and SOLG still left way behind...

[rougepierre] 19/7/2019 10:13

Surely we've had a triple bottom in copper...?

Medium/longer term targets:

$2.85 then

$2.95 then

$3.25 then

$4.00 and beyond...?

AIMHO as usual...

[rougepierre] 19/7/2019 09:55

RIO...here's the answer to your question...

I've just bought another 1500 FRES...ludicrously oversold...

AIMHO as usual...

And 1250 for Mrs RP...

G/S multiple now 87.8 (94 last week)...silver bulls charging



From KITCO...already out of date on silver!

[rougepierre] 18/7/2019 17:59

Gold/silver ratio still coming down...

[husbod] 18/7/2019 10:11

GPM is annoying - nearly bought some a while back on your perfectly sensible advice rouge and can't understand why it's trading on such a discount. Could be that it seems to have an awful lot of small companies in its portfolio. Still on my watch list.Having fun in SAGA atm and PMO also appeals

[rougepierre] 18/7/2019 10:03

GPM gives you a broad exposure to major gold/silver producers, including Silver Wheaton and Fresnillo. The NAV yesterday was 35.04 and will be higher today, which means that at 26.8 they are selling at a near 25% discount. Between us we have £80,000 of these...

Lower risk...

The 5 year high is 57p

FRES has been knocked back by yesterday's production cuts, but it is the biggest silver producer in the world and produces massive amounts of gold also.

This could be a short term buying opp as the 5 year high is over 2,000

HOC is still lagging IMHO...silver has broken through $16, a key resistance level, the bulls are charging and the G/S multiple has come down from almost 94 to 88.3 in just a few days...long term average 30...

HOC's 5 year high is 332 and we managed to get in at 160p...

We own c£50k of each of FRES and HOC...

I'm actually even more bullish about silver (and indeed copper in due course) than gold.

Silver has lagged gold massively and, when gold starts to surge historically, silver catches up and outperforms massively percentage wise...

All three give you silver exposure; FRES and GPM give you gold as well...

You pays your money...

AIMHO as usual and dyor...none of them is 'mickey mouse'

[riotinted_specs] 18/7/2019 07:33

Do you have a favourite from FRES, HOC or GPM?

[husbod] 17/7/2019 19:00

Not necessarily avoid as some of the big boys have bought in and there's always a chance of a bid. Looks like a potentially great resource but it's in Ecuador and it's years away from production. Think placings, rights issues etc.I have a relatively modest position just in case of a bid but don't intend to increase the holding in the foreseeable.But as our resident guru is fond of saying dyor.

[waterloo01] 17/7/2019 17:19

What a thought. EMED mark 2. As EMED this was a terrible investment under Harry. It was only post Alberto, permits and funding and building and into production that it started to reflect it's potential values.

Maybe that's what you mean Husbod re SOLG, avoid?

[husbod] 17/7/2019 17:13

Thanks for that rouge. I was going to ask if you're now buying SOLG sub 30 but that wouldn't be British. It's definitely an EMED Mark 2.

[rougepierre] 17/7/2019 14:21

The General Directorate of Environmental Quality and Climate Change of the Junta de Andalucía has restarted the procedure for the granting of a new Unified Environmental Authorization (AAU) to the Atalaya Mining company, which owns the Riotinto mine. The department dependent on the Ministry of Agriculture published yesterday in the BOJA the reopening of the public information period, in compliance with a ruling of the Superior Court of Justice of Andalusia (TSJA), which ruled that there had been an administrative ruling in the previous process of processing.

The high Andalusian court announced a few weeks ago the firmness of its sentence of September 19, 2018 that annuls the March 2014 Resolution that granted said AAU for the Rio Tinto Exploitation Project due to a defect in form. Said sentence is issued under the protection of an appeal filed by the Federation of Ecologists in Action of Andalusia.

In this way, within 30 working days, the allegations that are considered pertinent can be made, and the documentation is available for consultation on the website of the Ministry headed by Carmen Crespo.


The Government delegate of the Junta de Andalucía in Huelva, Bella Verano, recalled yesterday that this act "is executing the sentence to correct an error that occurred in the environmental processing."

"There is a judgment of the TSJA that says that the AAU is voidable, in no case does it say that it is null, that is to say, that in the end there is no illegality; It was because at a certain moment, a series of documents were not exposed to public information, therefore it is a defect in form that it is time to correct, "said the official.

This formal defect has not resulted in the cessation of activity in the Huelva mine.

[husbod] 17/7/2019 12:25

X2 Mr O and thanks

[mronions] 17/7/2019 12:06

@Husbod, I assume that your 5000 at 2.06 . Good luck

[mronions] 17/7/2019 12:04

RIO TINTO Mongolian copper mine budget overrun estimate 1.9bn$ . Delays.

www.wsj.com/articles/rio-tinto-faces-delays-added-costs-for-big-copper-mine-project-11563251099

The majors need a higher copper price to make projects work

[husbod] 17/7/2019 11:56

Decided to sell a few to take opportunities elsewhere. Only cos it looks as if we might stay where we are here for a while and also on the basis that when I sell anything it shoots up in price which will benefit my reasonably large remaining holding. Plus benefit you lot of course which gives me a nice warm feeling!

[rougepierre] 16/7/2019 16:56

Silver price...BOOMMMM!!!

Switching from Gold to silver started at 13.30 (see gold gap down...)

Gold silver multiple went from 92.2 to 90 in just 3 hours...

Even these articles are already out of date...look at the XAU/XAG chart in the second article...we've already burst well through support...

hxxp://silverseek.com/commentary/silver-price-setting-breakout-17690



hxxps://kalkinemedia.com/2019/07/16/silver-to-outperform-gold-ahead/

Onwards and upwards...not too late to get into FRES, HOC and GPM (latter selling at a 35% discount to NAV)...

AIMHO as usual...

PS Atym still massively undervalued...copper close to breakout...

[laurence llewelyn binliner] 16/7/2019 12:16

Despite the lack of share price progress, we are moving forward, and we will have enough cash to deal with Astor around year end too, to get them gone for good...

Q1: 10,219 Tonnes
Q2: 10,888 Tonnes
Q3: 12,000 estimate
Q4: 13,000 estimate

Plus the Silver credits... :o)

[base7] 16/7/2019 06:52

.....and the long awaited surge in the price of CU ,resolution of environmental issues ,approval of Touro & eventual sale to one of our cornerstone investors will see us over 300p-just hope I will still be alive to see it (& I am only 25)😂

[nedludd] 15/7/2019 15:28

Tenner says it won`t RP.

[rougepierre] 15/7/2019 14:22

It'll be £3 before that...

AIMHO as usual...