Atalaya Mining Share Discussion Threads

[mronions] 24/10/2019 17:36

If we build our own smelting, that business will probably circumnavigate Astor marketing fee.

[stockknobjockeyvanbookstino] 23/10/2019 22:32

All positive !

[waterloo01] 23/10/2019 14:19

I wonder if this also automatically knocks out Aster of the marketing %. AL has also moved away form day to day. He must be itching to take on another project and wonder of there is something else in the offing if Touro drags on?

[mronions] 23/10/2019 13:14

@waterloo good find
basically because of Astor, we are motivated to spend money on the current business, hence these new opportunities are coming our way. We have the most up to date equipment and it now seems we are specialising in speciality metals . Thanks Astor.

Stock nice bounce ... the cheapest I got was 185p ... my 181p bid never go hit.

[waterloo01] 23/10/2019 12:05

Interesting move to produce their own concentrate and capture more of the value chain.



10/23/2019 05:00
There is always time to reinvent yourself ... Even if it has been running for 2,000 years. It is what will happen in the mine of Riotinto , in Huelva , who is studying to implement the latest technology mining -the hidrometalurgia- so that in the same mining facilities will manufacture the cathodes of copper . This is the format, of extraordinary purity, which usually occurs in foundries. Atalaya Mining, the company listed in London owned by the Spanish mining, wants to retain more value chain business and sell directly metals (especially copper, but zinc,lead or silver ) instead of concentrates from which to extract them in foundries.

[waterloo01] 23/10/2019 11:27

Interesting move to produce their own concentrate and capture more of the value chain.



10/23/2019 05:00
There is always time to reinvent yourself ... Even if it has been running for 2,000 years. It is what will happen in the mine of Riotinto , in Huelva , who is studying to implement the latest technology mining -the hidrometalurgia- so that in the same mining facilities will manufacture the cathodes of copper . This is the format, of extraordinary purity, which usually occurs in foundries. Atalaya Mining, the company listed in London owned by the Spanish mining, wants to retain more value chain business and sell directly metals (especially copper, but zinc,lead or silver ) instead of concentrates from which to extract them in foundries.

[waterloo01] 20/10/2019 15:54

Oh look a new profile. Van or similar one suspects. Astor are up a creek, not ATYM. They have no debt (which is rather unusual for a miner) and the 50m odd won't get paid while the AAU is in doubt and while copper is below $260. If they don't want to negotiate, they can wait. No skin of ATYM's nose.

[mansfield str] 20/10/2019 15:24

they are tryin now to negotiate with Astor Managment AG to avoid havin to pay out 50m cash which would kill the company. apparently nego not goin well, Astor insisting to receive ill-gotten gains on cash basis. Also AT management are bored now and lookin to exit. add in poor outlook for metals prices and the share price is goin to be in difficulties.

[pawsche] 19/10/2019 11:08

@LLB... I think you'll find that eco-warriors only put someone-else's money where their mouth is!

[laurence llewelyn binliner] 19/10/2019 09:38

I see Fridays volume took off.., 3 buy trades of 200,000 at 186p, someone recognises a bargain when they see one, probably Vans Bats group.. :o), or the XR Eco warriors..!

[laurence llewelyn binliner] 18/10/2019 11:39

Moving forward every day... :o), a -1000 Tonnes deduction off this years estimate is no big deal taking into consideration the 55-58,000 Tonnes guidance for 2020..

The added Q4 Tonnage will make up for the softer Copper price, and from 2020 we have 55-58,000 Tonnes to look forward to..

Just need the electricity Co to get a move on at the power station and increase their capacity to PRT..

[mronions] 18/10/2019 10:25

thanks Tommy

Cannacord 380 PT
"On balance, and relative to our current estimates, we view the net production guidance
impact as a positive, i.e. the potential increase in 2020 production outweighs the decline
to 2019 output"
Copper prices and cash costs
ATYM notes that it received a price of 276c/lb copper payable in Q3 vs 281c in Q2, and
above the average spot price of 261c/lb in Q3. However, the company also states that
it anticipates lower realised prices in coming months. ATYM notes that cash operating
costs and All-in Sustaining Costs (AISC) for Q3 are expected to be below budget and will
provide details with its Q3 financial results next month. In Q2, the company reported
cash costs of 174c/lb payable copper and AISC of 195c/lb."

[tommyttrades] 18/10/2019 09:30

They've kept a Buy Rec. on ATYM with the 380p target from previous upgrade..

There will be updates next Fri (25th) as Atalaya are hosting at Rio Tinto


FFew details from note..

"On balance, and relative to our current estimates, we view the net production guidance
impact as a positive, i.e. the potential increase in 2020 production outweighs the decline
to 2019 output"
Copper prices and cash costs
ATYM notes that it received a price of 276c/lb copper payable in Q3 vs 281c in Q2, and
above the average spot price of 261c/lb in Q3. However, the company also states that
it anticipates lower realised prices in coming months. ATYM notes that cash operating
costs and All-in Sustaining Costs (AISC) for Q3 are expected to be below budget and will
provide details with its Q3 financial results next month. In Q2, the company reported
cash costs of 174c/lb payable copper and AISC of 195c/lb."

[rich1e] 17/10/2019 18:46

A hint of disappointment here, and yet the broker ratings on LSE it appears that Canaccord have upped their rating 50p to 380p. So, swings and roundabouts really.

[husbod] 17/10/2019 11:14

I thought you'd never ask - VEL up to now an absolute pure bred dog. It may still be so as our august colleague on this board is fond of saying dyor My mongrel is SAGA where a decent directors buy has just been announced. Sold ATYM for that share several months ago when it halved in price but even so bought it a little early.

[mronions] 17/10/2019 10:49

whats the dog?

[husbod] 17/10/2019 09:34

I just wish to make it clear that I had no prior knowledge of the contents of today's RNS and that it was pure fluke that I sold some shares yesterday.In fact I can't remember the last time I sold immediately prior to a share falling but it's only a modest drop anyway.Probably the most germane point is that there is unlikely to be any real recovery in the share price unless and until the various issues, of which we are all already aware, are positively resolved.Meanwhile another directors buy in my dog means I wish I had sold more ATYM and bought more of the dog.

[mronions] 17/10/2019 09:12

important takeaway
- despite electricity set back (Endesa) says confident can meet FY
- copper grade slightly lower (we blend), but this will fluctuate up and down
- secondary crusher is operational

This release seems to the point with no waffle ... I reckon we have things going on in the background ie Astor deal is hopefully close + expansion

I have bought

190p (limit orders filled) 3 orders (3 accounts) on open
185p small order
have limits at 181p and 171p just in case

It is business as normal
If copper slumps, it only means new copper business don't start and there will be a shortage of copper. So copper goes up. NB Copper needs to be >3$ in order to bring new worldwide development on .

[rougepierre] 17/10/2019 09:01

Average copper prices will be significantly lower this quarter with no China deal...

[laurence llewelyn binliner] 17/10/2019 07:45

The Q3 electricity supply impact is only -1000 Tonnes off the FY2019 forecast, but more importantly look at the FY 15.0MTPA new target of 55-58,000 Tonnes, which is well above what we were expecting, the old 9.5MTPA plant is actually running at 10.6MTPA, so the 15.0 expansion is really going to generate 16+MTPA capability, and the Q3 AISC being below forecast, which will come down again as the new plant gets rolling..

A little disappointing at 1st read for the isolated Q3 tonnages, but from 2020 is what matters most.. :o)

[shortarm] 17/10/2019 07:34

Yes, may get punished today!

[mip55] 17/10/2019 07:32

A tad disappointing

[laurence llewelyn binliner] 16/10/2019 18:53

Q3 update tomorrow...? or next week..? the company do not do a Friday RNS..

Looking forward to seeing the results of the new plant adding throughput tonnage, and production tonnage.. 11,000-11,500 for Q3.. :o)

The financials are a month off yet, but even at the current 2.60/Lb Copper we are still spinning off USD 12.5M a quarter EBITDA over and above the AISC..