Atalaya Mining Share Discussion Threads

[robmcelf2] 11/12/2020 15:13

Another Tr1 due Monday perhaps?

[qs99] 11/12/2020 15:10

big old volume today

[rougepierre] 10/12/2020 17:54

Hi charlieeee...

Still holding 900,000 SOLG but will sell 300,000 if it hits 50/55p in the near future...

VERY bullish on copper and especially silver...look at the EV content of silver...somewhat overlooked in the focus on copper IMO...

[waterloo01] 10/12/2020 14:31

however copper should be supported by a falling $.

[vish65] 10/12/2020 14:30

Another jump to $3.57./lb :)
We should be moving off again soon

[waterloo01] 10/12/2020 14:25

Yes possible meltdown in the US. Doordash being valued at $80bn probably marks the top of the froth.?

[qs99] 10/12/2020 14:18

copper price futures seem to have gone at right angles all of a sudden, any clues?

[charlieeee] 08/12/2020 10:56

RP

What are your current thoughts re SOLG: have you moved from there to HOC?

Still in this, as the timing on the increased production has been superb and there are some potentially interesting developments in the pipeline, both technology and projects.

Good luck to those leaving and happy retirement, spending the cash: it has been a long journey, but at least a happy ending, thanks to the exodus of Harry the Useless and appearance of the excellent Alberto and current copper prices.

[qs99] 08/12/2020 07:53

KAZ taken out this morning. One less material sized Copper play to invest in on the markets....may indirectly help other copper plays....DYOR

[rougepierre] 07/12/2020 13:00

Hi pawsche...waterloo...

Similar thinking...we've had a good run, but I still think Astor is a shadow here...

An excellent company, brilliantly led and we have retained a core holding, however...

Between this and another investment, have moved a stack into HOC (returned to dividend) and like waterloo have been building up HY holdings for the last 3/4 months...e.g. NG just increased their dividend and are yielding just shy of 5.7%...

Still have a strong commitment to copper, primarily through SOLG together with ATYM, but the FTSE high yielders are for long term income (tax free in our ISAs) and the goodies for capital gain and spread of risk...(GPM and HOC)...

I'll be around...GLA...

[qs99] 07/12/2020 12:01

Cheers Jeff and well done on getting out at a profit!

Think the next financials update will be a catalyst here for further upside especially given the market commentary around copper (and LLB's v. useful updates, for which thanks)

cheers
QS99

[waterloo01] 07/12/2020 11:34

Pawshe, I've moved a degree of my PF over to dividends. Aim is to get 50% into divi plays, 25% into gold/cash and 25% into 'riskier' assets.

Added over the year to VSL (pays 10%), VOD (8%), AV. (6% but some specials possible)

I've also added here and back near previous levels. Copper being a long term hold

[nedludd] 07/12/2020 11:23

all the best Pawsche.At least you made a profit.

[waterloo01] 07/12/2020 11:10

Cheers and best of luck to you.

[laurence llewelyn binliner] 05/12/2020 14:06

Brockwl2, consider the fallout from the last financial crash in 2008 and what happened with the help from some stimulus, massive infrastructure building projects from 2009, and now repeating only with 10 times the QE..

From December 2009 copper was 3.25/lb, then for 2010 it averaged 3.42/lb for the whole of the year with a peak of 4.15/lb by December 2010, in Q1-2011 peaking at 4.50/lb with a FY2011 average of 4.00/lb before pulling back to 3.50/lb by December 2011, 2012 averaged 3.60/lb, 2013 at 3.40/lb, 2014 at 3.20/lb a full 5 year run..

Then consider the facts that the EV revolution demand is only just starting now, and 22% of all the dollars that have ever been printed were printed in 2020 by QE and how that has eroded the DXY index strength -6% in 2020 and add those 2 price drivers together...

What we are seeing now in Copper/Gold/Silver USD denominated metal prices could/should just be the start of the next bull run, we are positioned almost perfectly for it fully scaled and up ready to go..

I would be happy with a 350p share price with the current USD1/lb margin, but that could become USD2/lb and the profit numbers will take the share price to another level, and we can deal with Astor in a matter of months.. :o)

Our gearing to the copper price is about to show its hand in Q4..

FY2020 copper spot 2.79 | AISC 2.26 | margin 0.53 | est net profit EURO 38-40M

[qs99] 05/12/2020 10:36

Copper bull run may only be getting started



from CAML thread.

[brockwl2] 04/12/2020 16:24

#LLB agree that price is still too low, given where we are.
Good move today though.
I'm quite keen to sell a few, as due to the rise from under £1 these now make up 36% of my Sipp, and I retire next week. So would like to de-risk a little.
However given copper price and company position, selling at this point seems like giving them away.
So will resist the urge for a bit longer, and hopefully drip feed some back as we go higher.

[laurence llewelyn binliner] 04/12/2020 15:27

#Erric, finally heading back to a level we were at in summer 2018, with a 250p share price and that is way too low IMO, we were there with 41,000 tonnes and a FY average 3.03/lb spot Copper price..

FY 2020 share price ...? I would be disappointed with just 250p and 300p getting closer to fair value, now finally fully scaled up, about to hit guidance and deliver 56,500 tonnes with a FY2020 average copper price of c2.81/lb, and now 3.50/lb for Q1-2021 so on that basis 350p would sit better.. :o)

[erric] 04/12/2020 12:04

Imagine how much jambon and nougat Harry could have bought if he had $3.50 copper and a working mine

[brockwl2] 04/12/2020 11:04

Thanks llb knew you would have the figures.

So 250,000 * 11.25 = nearly 3 million euros paid to Astor a year.
That increases as copper rises but no detail on how much.
Then 6 million once we exhaust the 932000 dmt, which can't be that far away.
2 years?
Clear to see why they wanted to get Astor back to the table.
But also clear why they wouldn't be interested.

[laurence llewelyn binliner] 04/12/2020 10:43

1M now printed at 220p, and most likely a buy filled with stock hoovered up at around 215p over the week which has held the share price back...?

#Brockwl2, Concentrate production amounted to 120,941 tonnes in H1-2020 so around 250,000 tonnes over a FY now we are running at 15MTPA..

For the the first 932,000 dmt a sales marketing fee of EUR11.25/dmt concentrate sold..
For the balance of 1,438,000 dmt concentrate sold EUR22.50/dmt is payable..

[kadvfn1] 04/12/2020 10:36

1mil share just been posted as sold. Probably Orion shedding more of their horde do we think?

[brockwl2] 04/12/2020 10:30

Sorry that should have said 11.25 Euros per dmt above.Which would equate to approx 550,000 Euros per 50,000dmt.
So if we do that per year, then it's going to be approx somewhere between .5 and 1 million a year to Astor in fees.
Is 50,000dmt per year about right. All these different measurements for copper confuse me.

[qs99] 04/12/2020 10:04

Big step up there? Who was the guilty culprit buying more?!