Atalaya Mining Share Discussion Threads

[erric] 25/11/2020 16:14

Situation normal.
ATALAYA one or two weeks behind the copper price rise.
🤪

[qs99] 25/11/2020 15:17

whoever sold at £1.87 LLB may kick themselves as this edges closer to booming through £2.....I've picked up a few more this avo.....really doesn't seem a lot of stock around DYOR

[qs99] 25/11/2020 14:47

May see through £2 today, £2.02 on the offer at least and I can't buy any at moment.....DYOR

[qs99] 25/11/2020 13:47

hopefully that is last they have to sell!

[laurence llewelyn binliner] 25/11/2020 13:46

Who sold 20,915 this morning at 186.74p..? the MMs had their pants down there.. :o(, poor timing or possibly just frustration giving out to impatience..

But see what happens when the IIs stop their inter fund share shifting shenanigans, we are still waiting to see a TR1 and hopefully they have finished for a while now, 7.5M volume in 3 days..

[qs99] 25/11/2020 12:47

bid dropped, maybe short of stock before next leg up? DYOR

[waterloo01] 25/11/2020 12:12

bad timing re selling. Looks like Touro is on the move

Need to find reference.

[qs99] 25/11/2020 12:12

Off to the races now

[qs99] 25/11/2020 11:41

well said spooky......looks IMO as though seller has finally gone...DYOR

[spooky] 25/11/2020 10:28

ATYM aren't totally straightforward as a business but the investment case is fairly clear IMO. Ultimately its driven by the copper price. I wouldn't try to complicate things too far beyond that.

[laurence llewelyn binliner] 25/11/2020 10:25

#Brockwl2, now I know at least 2 people that added at 80/90p in March, while most people were pulling their hair out, it was a great opportunity as I saw it.. :o)

At the share price today, you could argue that it is a good time to build a position while the IIs are busy selling millions to each other at 190p which is not normal activity and holding the price back, when they have finished and we realise 3.00 copper again we should then see an uplift here, my next target is 250p..

[brockwl2] 25/11/2020 10:10

I guess we all invest in different ways. However if you have been in this share for 10 years and not made money, then selling was the right decision.
I agree that it is an odd share, in terms of share price movement, and market valuation for lots of the time. But they can be blessings if used wisely. Since Alberto came in, and turned things around, their have been a number of opportunities in which this was priced as if it was going bust. Yet it was clear to anyone who'd been involved with this share that wasn't the case.
Provided you believed copper demand could only be supportive there have been at least 2 opportunities that were no brainers.
In both cases the price has at least doubled, and in the first instance would have been a multibager, possibly * 5, from low to high.

I love this share because of the opportunities it presents, and it's been my biggest holding for some time.
I suffered the same losses as everyone else, with the promises from the Harry era.
But once you recognised just what a difference Alberto was making, and if you was
positive 're Copper, this became a different prospect altogether.

So where are we now. Well the company is in great shape, and copper is super supportive. So if I wasn't fully loaded I still see this as a buy, and it may turn out to be another of those no brainer moments.
However it doesn't quite match some of those previous opportunities, where shares were at 60p, or the very recent one at around 80p.

The key to this share is buying when those silly prices are offered and then selling a good slug when the price recovers. Never forget this is a cyclical industry and prices will turn at some point.

GLA

[spooky] 25/11/2020 09:55

Thats better,

[husbod] 25/11/2020 09:06

Not a growth stock if you take a one year view charlieeee although I agree there have been opportunities over that period to make money if your timing was right.Personally I don't think the Astor situation is holding this share back - it is an irritating side show at best. Touro or to be accurate the lack of Touro or equivalent is the main factor imo and given Alberto has on any number of occasions stated or implied that they are looking to increase their mining opportunities there is nil chance of any spare cash being wasted on dividends. Charlieee is right this is a growth stock full stop so if you want dividends go elsewhere.

[charlieeee] 25/11/2020 08:11

For balance, should we compare apples with apples, rather than pears?

There are capital growth and dividend paying stocks.

Currently, ATYM is the former and for anyone who bought the March dip, it doubled in less than 6 months and has climbed back from the recent dip of 150 and is likely to carry on upwards with the price of copper. The shares into which you have gone, SB, may have had capital growth short term (the trading view) but will they have on going capital appreciation over the mid and long term from this point going forwards (investing)?

Until now, ATYM has not had spare capital to distribute. It has expanded and that yields enormous economies of scale, as will the solar cut costs and the smelting will make more of the resource we have. At higher POC, these are good investment decisions and Astor is funding them at 0%.

In due course, the Astor debt will be paid and it won't be that painful against the enhanced income and then this will become a dividend paying stock.

So, no different really to so many of these mining stocks such as CEY and SLP who take quite a long time to get to first dividend.

[laurence llewelyn binliner] 25/11/2020 08:09

Without doubt the most frustrating share I have owned over 10 years.. :o)

But the facts are in 2020 we are in the best position we have ever been in with a 55-58,000 tonne state of the art plant, 3.30/lb copper, a USD1/lb EBITDA margin and the profits for Q4 closing in 5 weeks are about to double Q3..

For what ever reason the II/funds are redistributing their shares amongst themselves at around 190 +/-5p and with 7.5M volume in 3 days declarations should follow on pretty soon to give us a better picture..

[erric] 25/11/2020 07:19

No thought police on this board.
I think most of the regular posters on here would understand totally why someone can run out of patience with this company.
I was thinking exactly the same thing myself for a day or two last week and if it had hit £2 I would probably have exited as well. My BP and SHELL holdings made more money in a week than I’ve made on EMED in three years.

[sharkboyo] 24/11/2020 21:46

I’ve been in this share for almost 10 years but I sold most of my holding last Thursday after watching in disbelief absolutely NOTHING HAPPENING in response to the Q3 update. The reasons for this are obvious, and the update reminded us of all of them. Alberto’s determination not to pay Astor any time soon is getting to be an obsession which is putting back any possibility of paying a dividend to at least mid 2022 and more likely 2023. His various ruses for getting rid of “excess cash” - Touro, Masa Malverde, the ELIX cathode project, the Solar Farm ... All very laudable and plausible but all entered into with the one object in mind - using up all the excess cash so as to not settle the Astor debt. And who loses out? Not the major shareholders who have their take-off deals, they’re quite happy.
I’ve only been out 3 trading days, and the new homes for my money have gone up between 1.5% and 4%. It’s also such a relief, not having this huge inanimate non-performing lump of equity. This is not a share for the private investor.
I’ve kept a small amount in to make sure I keep an interest in any action. Also so the thought police here can’t accuse me of deramping because I’m not invested. Not that this BB has any effect on the share price.

[laurence llewelyn binliner] 24/11/2020 17:02

Some shenanigans going on here for sure.. :o)

I have a feeling that the 190p and 190.13p repeatedly printed now are both sides of the same trade moving stock inter funds or between IIs..

[vish65] 24/11/2020 16:46

Indeed the bid dropped and then 1.6m + 600k buy also at 190p. Some funds realigning ? Just need to sit tight.

[qs99] 24/11/2020 16:28

Maybe seller has cleared?

[husbod] 24/11/2020 15:30

Definitely lives in its own micro climate this share. All the big boys are motoring today.Just idly pondering whether to place Spain in the developing country sector.

[laurence llewelyn binliner] 24/11/2020 14:31

#nedludd, volumes are usually pretty slim most days but this month we have so far had 4 days over 1M, and yesterday was 2.5M at c190p, I believe these are institutions/funds buying/selling to each other and pretty soon they will be declaring..

A few trades for 100s or a 1000 shares at 185p are largely irrelevant, but they do none the less drag on the share price as they are filled..

3.5M printed today and hopefully we will see some TR1s soon..

[nedludd] 24/11/2020 14:14

I tend to rely on the more knowledgeable here for the figures and assessments and thank you all those who add to my knowledge.

I am a little more pragmatic. What is the share price, or what is my holding worth today I ask myself. Unfortunately I am still making a loss, that`s what matters to me.

Copper is almost at a five year high, I believe, yet the share price is nowhere near its peak of over 260p. Those with more sophisticated information than I tell me that buys are being shown as sales. Does that mean we are being cheated and the share price is being manipulated lower so that "mates rates" can be offered to some buyer?

We PI are not important, I realise that but are we being stitched up, I ask myself.

Sorry for my cynicism but the "reverse side of the coin" has to be looked at occasionally.