Atalaya Mining Share Discussion Threads

[lanty33] 23/5/2020 11:16

RP! give it a rest!

[rougepierre] 22/5/2020 16:09

I don't know how Alberto's done it but we've seen much better liquidity these last three days and a more active two way market...

But the dealing spread is still a disgrace!

[rougepierre] 21/5/2020 10:50

Buying price now 115.36...and I'm bid 111.1 for 45,000...

Hold tight...

[rougepierre] 21/5/2020 10:13

I'm beginning to wonder if somebody has released shares to improve liquidity...this is very much better...we have a two way market that is only going one way at the moment...bjuy, buy, buy at 110...how long before it breaks upwards...

And just as I was typing this the price has moved to 110/114 and I'm bid 110 for 45,000 shares...

Hold tight...

[rougepierre] 21/5/2020 08:59

Yes but ATYM is actually producing and making money...

[husbod] 20/5/2020 17:20

Problem is that there are so many other shares out there that look tempting atm

[laurence llewelyn binliner] 20/5/2020 16:22

#RP, also added again, we know the share price typically lags the Copper price, and that is gaining momentum.. :o), a bit above my best buy of 83p in March, but they all count...!

[rougepierre] 20/5/2020 16:09

Bought another 3632 at 110...

Market will take 50,000 at 107p...

Ready for lift off courtesy the sellers that provided liquidity yesterday...

AIMHO as usual...

[husbod] 20/5/2020 14:02

Sound strategy rouge - well done.

[rougepierre] 20/5/2020 12:57

Switched from FRES into HOC to top up our holdings when the latter was 122p exactly a month ago...in at an average of 1.14 up 88%...held GPM for years...in at an average of 25.65...switched from HGM and CEY into Blackrock Gold & General for the long term (let the world's best fund managers look after £40,000 or so...) up 45% so far...

Yes there have been better funds than GPM and they have a wide spread, but I like the broad coverage they give me to especially the biggest and best gold/silver miners without the currency risk...however I also bought MAG silver in CAD and that's up 82% so far...

I am increasingly confident that copper is about to have its day and so...

Have just bought another 10,000 ATYM at 110p...building up gradually...back to 65,000 so far...

Keep in touch.

Cheers

[husbod] 20/5/2020 11:24

Morning rouge Ot but GPM which I think you mentioned awhile back has gone from 32p to nearly 49p today in just a month . I confess that despite thinking that some of the companies in it's portfolio were somewhat iffy it seemed a good way of spreading the risk on gold so invested accordingly. Still watching FRES on a daily basis.

[rougepierre] 20/5/2020 10:41

Agreed on all points Charliee...good to have you back...

[charlieeee] 19/5/2020 17:47

SB

I have not been following the action here blow by blow, but a quick look back at yesterday's trades and I would suggest that the 2 trades of 49700, seconds apart, were a rollover and therefore had no practical consequences for the share price

The interesting thing about that is someone is betting quite large that this will go up in the next trading period: either out of confidence or perhaps wrong footed by the recent retracement?

Today's large trade was more likely to be a sell: the mid price classification is often misleading when liquidity is so poor and the spread so large.

Apologies in advance if those "reading of the tea leaves" are wrong.

I am simply back here as a speculation on copper prices, confident that Alberto, as ever,will deliver the enhanced production capacity. I have let the broker mistake go, as I was going to buy several tranches any way, but just do not like the current spread: 107 in the end seemed okay.

Touro would be a bonus and ATYM should just get shut of the Astor nonsense: "boys egos" and too much money to lawyers.

[rougepierre] 19/5/2020 17:39

Sharky...

I know for certain that was a Sell, because I was doing dummy buys at that time and the price was a rock solid 110p from 2500 shares up to 10,000...

If you're looking at LSE or similar, blue doesn't necessarily mean a buy and vice versa....their simple model simply divides the spread by two and allocates as a buy or sell based on that...

And you can bet the MMs use this to their own benefit...

In the end I decided not to play the MMs game, but looks like gthye have some stock for tomorrow...

Either they're cheekily holding the price up, having taken in 125k shares probably from one seller yesterday, or...those passed straight through to Cobas...probably the latter...

Cheers...

[sharkboyo] 19/5/2020 16:48

I would love to know the MM logic that takes the price down 4% when you have a buy going through (22.4k) that is twice the total volume so far today. I’m not a trader, so I don’t have DMA and can’t see all the deals, but yesterday even a late 100k sale only took the price down 2%.

[laurence llewelyn binliner] 19/5/2020 16:28

#Charlieeee, I added a few Friday afternoon and again Monday morning, but was denied any going into the close like yourself, could not even buy 1,000 shares..

#RP Liquidity will increase organically as Copper rises and there are capital gains to be had, but at the current share price holders have pretty much got the stock what they want and nobody is selling, no forced sellers yet either, happy to hold and wait here as the company is only just coming together now in 2020, rolling at 15MTPA 55-58KT of Copper why would anyone sell any stock now unless they are forced..?

We have seen the volumes rise dramatically in the past, it is just a quiet period now while the Copper price rebuilds..

[rougepierre] 19/5/2020 15:16

I thought the not bad Q1 figures and the 'risk on' with markets would have light a fire under these...

But you have put your finger on it and I reiterate...there is not enough liquidity and Alberto needs to understand this is much more important than any commercial or mining news...

Several of us have been saying this for some time...average daily volume of 35,000 is pathetic for a company this good...

We should have a MCap of at least double...

ARS MCap £26 million...today's volume £158k...up 230% from the bottom in March...

AAU MCap £41 million...volume £108k...up 100% since bottom...

ATYM MCap £144 million...today's volume less than £9k!!...up only 29% from bottom...

GGP MCap £338 million...today's volume almost £2 million...up 254% from the bottom...

QED

[charlieeee] 19/5/2020 12:09

Well, you wiped out the liquidity at the lower levels, RP and I was being offered at 110, which is ridiculous.

Had to go out this am and so left a limit on for £2K. Puzzled as to why it still had not been filled (looking at the trades) only to find that the 2798 at 107 trade was mine and that my £2k order had been transacted as £3k.

Next Q should start to show the economies of scale at the expanded capacity.

It just needs copper to edge up as Chinese demand returns.

[rougepierre] 19/5/2020 09:00

That's interesting Charliee...I had no difficulty getting 5,000 at 104 plus and then 10,000 at 105...

[rougepierre] 18/5/2020 19:37

and this is bullish too...

[rougepierre] 18/5/2020 14:40

And doubled up in ADT1...

[rougepierre] 18/5/2020 14:39

This is getting silly...bought another 15,000 between us 104/105...cheap as chips...