Atalaya Mining Share Discussion Threads

[shortarm] 19/10/2020 10:27

Dude, those posts are ancient!

[rougepierre] 19/10/2020 10:24

Mansfield...that is complete and utter garbage and you know it...

Clearly you have been paid to deramp on here.

I know for a FACT (sources not revealed) that what you've posted is completely untrue.

Now please go back to the grubby little hole you crept out of...so transparent!

[laurence llewelyn binliner] 18/10/2020 14:50

Nice to see more evidence supporting the Copper price trend there #RP, which in turn and over time (the sooner the better..!) will drive our share price here at Atalaya, and not before time either..

Q3-2020 financials mid November will be very revealing, fixed costs/lb have to go down as the tonnages have gone up ... :o)

[rougepierre] 18/10/2020 11:16

Looking good....!

hxxps://stocknews.com/news/fcx-scco-copper-prices-are-about-to-explode-are-you-positioned-for/

[husbod] 15/10/2020 16:23

Unlike the good senors and senoritas of the Galicia provincial government who seem determined to help their unemployed remain unemployed.Very disappointing that there has been fa progress on Touro although the confidence of the company on dealing with potential environmental concerns is comforting.

[rougepierre] 15/10/2020 09:16

Brilliantly well done Alberto...should have got the Nobel prize for economics...!

[vish65] 15/10/2020 08:56

Great stuff, with financials possibly in late October. Also :

"Local exploration during the quarter continued to focus on defining new unmined resources under-the Atalaya pit. Calculations of the remaining mineable resource are ongoing and will be reported in conjunction with an update to the resource estimates at Proyecto Riotinto's Cerro Colorado pit."

[qs99] 15/10/2020 08:32

Just should be over £2 Imo and have positioned accordingly. Wrong price & Copper price doesn't seem to be going South soon IMO....DYOR but looking forward to new moves NOrth on the SP

[jwafc] 15/10/2020 08:31

All this and still 6p in old money! WTF!

[mip55] 15/10/2020 08:31

8.36 percent increase in realised copper price over the quarter - hopefully even more next quarter

[laurence llewelyn binliner] 15/10/2020 08:29

As predicted..., and on course for c56,500 Tonnes.. :o)

Q3 produced 14,695 tonnes
c14,500 payable due to the increase in Silver credits
AISC 2.15/lb
Margin 0.57/lb
EBITDA EUR18M
Profit cEUR6M

The plant can run at 16MTPA and can produce c58-60KT of Copper at full speed pending ore grade and recovery rate, with cost savings in hand, efficiency savings in hand, recovery increase in hand, and energy fee reduction work in progress.., a very strong update IMO and with the QPs in our favour Q4 is going to be excellent with c25M EBITDA..

Next stop 200p, and onto 250p then 300p

[charlieeee] 15/10/2020 08:07

Yes: with increased copper prices and planned cost savings

[qs99] 15/10/2020 08:06

well market seems to like it IMO....DYOR

[qs99] 15/10/2020 08:04

Lovely job. Now to work out what the implied EBITDA could be?!

[mip55] 15/10/2020 07:15

Third Quarter 2020 Operations UpdateRecord Production and on-track to meet Full Year Guidance

[laurence llewelyn binliner] 14/10/2020 10:44

#Onions... totally agree, but as the tonnages go up, the price of Copper goes up and corresponding profits go up we are now at the tipping point where profits will (..?) exceed the EUR10M, given the +6M from H1 already posted, the financials will be very revealing next month.. :o)

Profits before the ruling were:

2018 EUR34M
2019 EUR30M
2020 H1 EUR6M and H2 tbc

Q3 update tomorrow morning...?

[qs99] 14/10/2020 10:36

someone bought 62 shares v. near the offer, so presume not a lot of shares around then? I don't have L2 etc, but decent news should squeeze this through £2 IMO DYOR

[mronions] 14/10/2020 10:22

great ... but we need to see some money. They can all pay themselves very well. Spend on a very nice all new site ... but its overkill .... shareholders need their share. It's not normal. We are not saving for acquisition, we are spending to keep sub 10m euro profit.

[laurence llewelyn binliner] 14/10/2020 10:17

#Onions... our Q3 update looks likely tomorrow morning now, and I am looking forward to seeing the record Tonnes produced... :o)

[mronions] 14/10/2020 08:26

The question is, where are we with talks with Astor? Given we are waiting for Court ruling maybe everything is on hold. Astor is plenty rich and owns GT Gold Corp ... he sees ATYM as an option. Would be good to know when the marketing agreement also ends, Astor earns money for doing nothing on the sale of Copper ore from Rio Tinto. If we could develop the second pit (whilst using current site infrastructure), and this pit parked in a SPV, we could earn on that by pass Astor.

[mronions] 13/10/2020 18:13

I know we have paid nothing, but we could. The problem is that Astor not agreeing to anything. We pay him and he will come after more. We need an agreement that ends our relationship Astor.

[laurence llewelyn binliner] 13/10/2020 18:06

#Onions.. On 2 March 2020, the Company filed an application for directions in the High Court to seek clarity on the definition of “Excess Cash” and to determine when it is payable. The Company has served its Statement of Case to the High Court and a case management hearing is scheduled for 30 October 2020 with a trial expected in 2021, as at 30 June 2020, no consideration has been paid.

ARM must apply any excess cash (after payment of operating expenses, sustaining capital
expenditure, any senior debt service requirements and up to US$10 million per annum (for non-Proyecto Riotinto related expenses) to pay the consideration due to Astor (including the Deferred Consideration and the amount of €9.1 million payable under the Loan Assignment). "Excess cash" is not defined in the Master Agreement leaving ambiguity as to how it is to be calculated.

The kicking the Astor can down the road strategy has enabled us to prioritise building a first class facility, but it does now need to be addressed so we can get on with paying a dividend to shareholders..