Atalaya Mining Share Discussion Threads

[waterloo01] 11/3/2020 16:48

Or alternatively avoid all prospective miners. Gold aside, most metals could test the lows in the short term. (having said that I do still hold some Kefi, GGP and a few ATYM)

Keep your cash dry until it turns.

[riotinted_specs] 11/3/2020 16:36

Rouge, I've also see you remain a fervent believer in silver and have downsize averaged in FRES and HOC. A couple of questions, first which do you now prefer between, FRES, HOC and MAG. Also, I wonder if you might provide an opinion on SOLG versus ATYM. I remain a huge believer in ATYM, but really need for KEFI ton take off, prior to reinvesting. Also, out of VILX as of yesterday, it served me well in the end but my word it just seems to need one hell of a jolt to get that thing moving and I never really felt comfortable with the nature of the investment being an eroding one

[riotinted_specs] 11/3/2020 16:30

Hey rougepierre, I've thankfully been out of copper over the last 6 months. At one point was very heavily invested in Atalaya as well as ARS. ARS was near break even with Atalaya at a very healthy profit albeit over a 5 year period. I've seen you've taken very big hits on SOLG, ATYM, now KAZ and even investing in KEFI off the back of an undervaluation reminder I made on this board. As many know ATYM are part owners of KEFI and our favourite Aussie cowboy is at the helm. Anyway, I admire your patience with all of the above shares which you have stuck with despite the price continuing to drop and the mass exodus. I too am in a similar position and I feel a bit pot committed to KEFI. Alas, we can only hope that value will pan out and fully agree that one needs to turn a blind eye to already invested mine stocks unless they are looking to invest at these superb prices.

[mronions] 11/3/2020 11:42

I have bought a total of 4000 ATYM 134-138p all I could spare cash .

[mronions] 11/3/2020 10:16

SOLG here ? do I buy ? What risks

[rich1e] 10/3/2020 18:48

A couple of 250k trades gone through today, could be some kind of rollover, I suppose? Both flagged as LRGS (large in scale deferral). Also, on the Morningstar ownership page, I see that BlackRock Smaller Companies are number two on the list behind Cobas, whereas a couple of weeks ago I think that spot was Majedie, who are now third and don’t seem to have reduced their holding further.

[rougepierre] 09/3/2020 20:42

And as for oil stocks....

[rougepierre] 09/3/2020 20:40

You read it here first...months ago...

Investors wanting to dodge the market meltdown can't find liquidity..."there is no liquidity" said a leading fund manager...

Thats why shares like ATYM and SOLG are falling on low turnover...

So they'll have to buy cover and hedge instead...

And that's where VILX (VIX) comes in...VIX now 50% above the previous all time high...

After this is all over, 137 for ATYM will look like a steal...but in the meantime you need nerves of steel to hold on...

GLA

[mronions] 09/3/2020 11:15

note I wrote on LSE

This email is in reply to Dave Roberts who wrote a negative post on LSE ... I hope he follows up . I got some help / input with this email .

Dave Roberts you said ATYM breaks even at copper 2.8 : how do you work that out? What facts are you using?. If we only broke even at 2.8 how has ATYM been able to finance expansion without further cash injections when copper prices have been lower than 2.8 on average during last 2 years? ATYM balance sheet from 2.5 years ago shows ATM had a negative working capital, but this has now been paid off and is now positive territory.

DaveR you say AYTM is loss making with copper at 2.5 . ATYM all in costs are currently 2.15 . You need to understand that this includes (capex , exploration, G&A , interests). Depreciation is a non cash item. Depreciation = less profits, less taxes.

Touro is not a rubbish project, but would not be developed with copper at 2.5 . Then you need to ask how can copper stay LT 2.5 . Where is it going to come from ? No new projects can de financed at 2.5 . ATYM does not have any other external costs. No further expansion plans at Rio Tinto . On Touro, its an option, it does not really cost us anything to explore the feasibility.

DaveRob questions how dividends could be paid. Well I say it is possible, but more likely ATYM to invest (buy another project) for growth (we have a top management team). DaveR you question where one for dividends (and I guess anything else like investment) will come from? Well with costs at 2.15 , copper at 2.6 for next 13 years (unlikely to be so low) ... we make so much money : 700 000 tons copper = 1.5bn pounds roughly (1 = 2000 bunds) copper, lets say 0.4 USD margin = $600m profit . We are either going to expand or we will give back to shareholders. NB any investment would probably combine smart use of debt and maybe equity (we need a bigger float for when we come of AIM into main board).

DaveR goes on about AAU : The AAU has an administrative issue and the court ruling was against the Junta to fix it. Not against ATYM who has been operating normally for over a year.

DaveR also goes on about a "sludge plant" where and why are you saying this? Are there examples anywhere of an open pit copper mine with a sludge plant? PLEASE GIVE AN EXAMPLE. There is no reason to build a sludge plant. Where are you getting the sludge plant story from, is it just you or something else? We don't need a sludge plant.

DaveR mentions better projects out there that he is invested in. Please could you tell us what miners they are? Are they working and fully financed ? If they are just projects still waiting for construction and production you cannot compare to ATYM. How are your mines going to be financed ? PLEASE NAME YOUR BETTER MINES.

DaveRoberts mentions 120p price ... well if it gets there, the stock will be trading at less the investment made over the last 4 years ... that's al the concrete , machinery , steel and equipment installed. This would be pricing our copper resource at 0 .

BUY rec from me .... but appreciate crazy market

[rougepierre] 09/3/2020 10:14

Hope you're enjoying your VILX hedge against the ATYM share price fall...

No up 850% since my last purchase...

Frankly what we have here is blind selling of everything...

Sales way outnumbering buys...gold and bonds seem to be the only game in town...

Gold/silver ratio approaching 100 times and is already a record 99 times...

We are on the verge of an astonishing spike in silver and silver shares...added back FRES and HOC today, plus MAG Silver on the TSX...

I have no idea where ATYM bottoms out...as I say...strong support at 115 but if people keep dumping any and all their shares, I may be buying back at below that...

As I said before COVID 19 will be far worse for this country than people think, but it should have peaked in c9/10 weeks time and, once the numbers start to slow down in the US, markets could recover strongly...

The trouble is that, with the absence of kits for testing in the US I think we will see a massive spike in cases by the end of next week...

All in all, a time for strong nerves and holding quality companies like ATYM...(and VILX of course...my prediction was at least 2/3 but I could now see it going to 10plus if the US keeps forward buying VIX...

AIMHO as usual and GLA...

[laurence llewelyn binliner] 07/3/2020 08:11

Disappointing to break through 200p, let alone 150p, but it is only a few small PIs holders selling no Institutions are selling, they like a lot of others will take a much longer term view and most likely be adding what ever come along for sale now we are running at 15MTPA...

The AAU restoration should be inside next week given the 13th Jan ruling and 2 months to sort it out ending 13th March...

[rich1e] 06/3/2020 18:19

No volume whatsoever, you’ve hit the nail on the head. The drop itself would be more worrying on the back of massive selling. Every day this week there have been resources stocks on the leader board. Hopefully that’s us next week.

[rougepierre] 06/3/2020 17:37

AAU won't stop this falling...its the market in general that is the problem and people tend to sell stocks that are in profit at first...

It would be better if AAU happened after the market bottoms out and that could be April/May

This has gone through strong support at 150/155 on no volume whatsoever...like loads of other stocks there is a shortage of buyers...

Coba will be mopping up no doubt...

Next stop could be 115...

And no I'm not deramping...and yes we do still hold 20,000...

AIMHO as usual...

[husbod] 06/3/2020 16:43

Fwiw all mining and oil companies are being hammered but I've never seen such a big daily drop in ATYM. Maybe the uncertainty enveloping the future of the company (whether AAU will be reissued, whether Touro will ever get the green light and the Astor situation) is just too much for the already Coronavirus spooked market.

[shortarm] 06/3/2020 16:06

This really isn't looking good!My break even was 180p so lucky to have sold out when the AAU issue came out!

[waterloo01] 06/3/2020 11:38

yup. I've posted my thoughts on the VILX thread.

[rougepierre] 06/3/2020 11:36

Hope you're all still holding your VILX...well into profit now...up more than 400% in a couple of weeks...further to go...

AIMHO as usual...

[husbod] 06/3/2020 10:45

Vicious markdown given the volume. If you think the world will not actually come to an end there are beginning to be some bargains out there for the medium term.

[mronions] 06/3/2020 10:15

copper 2.5 - 2.6 we are making so much money .... its a real shame no dividend to support the share price. I wish management would understand this.

[waterloo01] 05/3/2020 16:38

Think S&P has between 10%-15% to fall from here IMO. Doesn't yet reflect what will happen to earnings, and I always thought the markets looked forward not back, but I'm starting to doubt it! Like an L train going to fast around a corner.

[husbod] 05/3/2020 14:20

I'm with you atm pawsche. Most deaths are in countries or in parts of countries with poor medical facilities and who knows how much under reporting of non fatal infection there is particularly in Iran and China. I agree with waterloo though on the effects of this hysteria on travel companies etc and the wider economy but unless the virus mutates into a more deadly version the effects on the market should be relatively short lived.

[waterloo01] 05/3/2020 11:58

I'm a lot more cautious, both about the virus but also particularly the markets, especially as the US market is not far from it's recent all time high and hasn't taken much impact into account. Capital preservation will be the phrase. I've also backed that as have over 50% in cash, gold and S&P shorts (which hedge my longs).

[pawsche] 05/3/2020 11:47

@water...

What I'm saying is that the "medical heirarchy(sp?)" seem notoriously hysterical in their predicitions. BSE, presenting as Creuzfeld Jacob Disease, was another example - millions were predicted to die in the UK alone as a result of it, the actual number of deaths from CJD was 178.

Wouldn't be seen dead on a cruise.. :-) Flying always seems to end up with a chest infection anyway, events - I'll still go to any that interest me... But the majority of the money's still "in the market".