Atalaya Mining Share Discussion Threads

[laurence llewelyn binliner] 07/12/2019 08:56

#Scargs... $3.00/Lb could be here PDQ on some more progress / positive press on a trade deal, we know historically the share price has always lagged the Copper price when it moves.., looks like bargain prices for shares at 185p IMO..

Our biggest ever quarter this year too as the new plant adds to volumes, and we target 55-58,000 Tonnes from 2020.., and get ever closer to paying Astor down.

[scargs] 07/12/2019 08:14

Yes, Copper had a good day yesterday on the back of some encouraging words from Donald Trump on the USA and China negotiations.

Copper futures were UP by more than 3% yesterday, a significant rise.

I would love to see $3.00/lb in the near term.

[laurence llewelyn binliner] 06/12/2019 21:22

Go Copper... :o).., long way back to $3.00/lb plus but commodities move quickly ..!

[riotinted_specs] 04/12/2019 21:58

Hi RP, see you are a big fan of SOLG and have notes your other investments. I must admit Its rather surprising to me that you haven't invested in a now heavily derisked KEFI, particularly at the current price

[husbod] 04/12/2019 17:14

Trump's keeping us all guessing LLB - now saying he's pretty relaxed about a trade deal with China taking another year as America is doing well out of the dispute. Not sure about it that but it must be a nightmare trying to negotiate with him. Unlike our Theresa who couldn't have negotiated her way out of a wet paper bag.Of course a deal might magically arrive just before the presidential election but if so we have a way to go before commodities really recover.

[laurence llewelyn binliner] 04/12/2019 17:01

We will be pretty much rolling at 15.0 MTPA now the new plant is online with the power supply uprated to it.. soon be year end, and not long to 15.12.2019 to see if Trump pulls a rabbit out of the hat in time for rolling back on imposing tariffs..?

[rougepierre] 04/12/2019 16:16

In at an average of 625...not worried...

Waiting for the black swan...also in VILX at 47...

Waiting to buy some more here...

Good luck

[husbod] 04/12/2019 16:14

Sorry, the friggin phone changed ot to it

[husbod] 04/12/2019 16:13

Completely it but must share my best buying decision of the year. I didn't buy Fres.

[laurence llewelyn binliner] 27/11/2019 11:24

COMEX Copper poking its head over USD2.70/Lb as momentum builds for a phase 1 US/China trade deal coming together..

Revised AAU being finalised

15.0MTPA and 55-58,000 Tonnes for 2020

3 steps forward.. :o)

[rougepierre] 27/11/2019 10:17

BHP and Newcrest now both c15% in SOLG...funded through to final resourcecreport...will BHP bid...?

[mronions] 26/11/2019 10:38

BHP buys in again into SOLGOLD. Big buys looking for winning trades back into copper.

[laurence llewelyn binliner] 25/11/2019 19:15

Some more press coverage on this here.. company view vs tree huggers.., it seems what they are getting bent out of shape over is the JdA approving tailings slurry concentration up to 35% and not running this through the AAU permitting process..

hxxps://www.europapress.es/andalucia/huelva-00354/noticia-atalaya-ve-erronea-postura-ecologistas-destaca-excelencia-gestion-mina-riotinto-huelva-20191125185125.html

hxxps://www.europapress.es/andalucia/huelva-00354/noticia-ecologistas-accion-critica-junta-incumpla-sentencias-mina-riotinto-huelva-20191125162333.html

[mronions] 25/11/2019 11:38

IMHO dividends are part of the plan. Astor, Touro (if permitting) and dividends are possible under one package.

ATYM wants to move away from AIM
They have shareholders who want dividends
It is part of the plan

Darling miners like KAZ, pay dividends . We have a profitable company.

[dywithyourbootson] 24/11/2019 21:12

Aminer supports Atalaya Mining and urges management to validate environmental authorization


hxxps://www.europapress.es/andalucia/huelva-00354/noticia-aminer-respalda-atalaya-mining-urge-administracion-convalidar-autorizacion-ambiental-20191121145910.html

[stockknobjockeyvanbookstino] 24/11/2019 10:11

c 3 weeks to issue of new AAU.

[laurence llewelyn binliner] 23/11/2019 11:21

With Trump and Jinpin making positive noises towards a phase 1 trade deal, Copper responded well on Friday, our electricity supply issue is resolved and we are now ramping up the new plant to 15.0MTPA from NY2020, great timing IMO to add while the share price is softer and we know the share price lags a rising Copper price..

44-45,000 Tonnes for 2019 generating approx EUR34M bottom line profit.
55-58,000 Tonnes for 2020 (+25-30%) generating approx EUR43M bottom line profit, which more than offsets the softer Copper price cash flows, USD3.00 Copper again we are very neatly positioned for EUR50M+ a year profit..

[husbod] 23/11/2019 06:33

Btw did anyone take a punt on my dog VEL?

[rich1e] 22/11/2019 16:24

Agree some ducks to get in a row to allow accurate valuation, Touro, permits etc. Then it’ll be sold before divis or funding expansion.

[husbod] 22/11/2019 14:43

Here we go again - this is not a dividend paying company. Why on earth would they waste money on dividends when they need cash to fund the expansions and maybe pay Astor.That 360p target is also pie in the sky for at least the next few years. Unless copper reaches unexpected highs I suppose.

[laurence llewelyn binliner] 22/11/2019 10:56

#RP.. that is about the size of it with the weaker Copper price, but ramping up from 45,000 in FY2019 to 55,000+ tonnes in FY2020 makes up for the sub USD3.00/Lb Copper we are currently experiencing, but when the price comes back our way we are scaled up and ready to capitalise on it from the off.. :o)

[rougepierre] 22/11/2019 10:47

Irrespective of the buyer, looks like somebody is unloading their holding, whether forced or decided...

3Q was always going to be disappointing because of the CU price and I don't expect 4Q to be much better....BUT...

This is a sound company that, if it chooses, will have no debt running into 2020, with the new production capacity coming online balancing out any continued weakness in the CU price...

However, I believe 2020 will be the year of copper/gold/silver we have been waiting for...

I shall be buying more ATYM at 185 or below...strong support on the chart...

Meanwhile, mainly FRES/SOLG/ATYM/GPM/CAML/NG sums up my potfolio going into 2020...

AIMHO as usual and GLA...greetings from the sunny Algarve...

[laurence llewelyn binliner] 22/11/2019 09:40

#Onions.. it is good to finally see the deferred consideration now registered in the accounts, another step in the journey towards paying them down, profits for FY2019 are looking like cEUR35M so around 18 months to get into into a position to be able to pay off Astor without impacting the companies cash in hand, then Touro will need funding too, dividends will depend on how that is funded, but it is great to start thinking about dividends after a 10 year journey to get operating at 15.0MTPA..

Interesting to see press coverage again on the current court proceedings, no prizes for guessing which paper is on which side of the argument.. :o)

[mronions] 22/11/2019 08:57

With Astor liability 100% on the books now, and our FCF generation ... I see dividends on the horizon. Once we move from AIM even better! Maybe Alberto packages everything together: move from AIM, dividends, and some new stock. Would be a shame to sell stock here as low valuation.

[tommyttrades] 21/11/2019 13:50

CANA reiterate the 380P BUY TARGET 21/11/19

Just a few items of note..


We do not believe that investors should focus on one quarter's results, particularly as the expansion at Riotinto is progressing well. None-the-less, we will review our full-year forecasts on the back of today's Q3 release, and make any adjustments that we believe are necessary. We do not expect to make any material changes to estimates.

We currently forecast 2020 EBITDA of €106.1m and attributable net earnings of €71.1m.

Proyecto Touro and legal issues

ATYM continues to work with Aguas de Galicia, Natural Heritage and the General Directorate of Mines in addressing their additional information requests.

(Nothing specific added on this)