Atalaya Mining Share Discussion Threads

[rougepierre] 07/7/2022 11:17

Really cute on the four letter words plenty....!

Ouch....

[rougepierre] 07/7/2022 11:12

Berenberg and BofA have it as a BUY...

"Berenberg cuts Atalaya Mining price target to 430 (500) pence - 'buy'

Bank of America cuts Anglo Pacific price target to 220 (230) pence - 'buy'"

[plentymorefish] 07/7/2022 10:40

Ouch!.....

[rougepierre] 07/7/2022 10:26

Bought another c£25k at c292...cheap as chips on a long term perspective...

When things return to normal this share will b e yielding 10%...or more...

P/E ratio now down to 3.6 times...ANTO is till 11.5.....

[jwafc] 06/7/2022 18:35

2022 guidance for cash costs and AISC are US$2.25 - 2.80/lb and US$2.50 - 3.05/lb, respectively. Although electricity prices remain elevated at present, they are within the range assumed when setting annual cost guidance. In addition, as Europe enters the summer months and regulatory changes are implemented in relation to energy prices, the cost of electricity is expected to return to normalised levels. The Euro/U.S. dollar exchange rate has also weakened compared to the 1.16 budget, averaging 1.12 during Q1 2022.

END

I sincerely hope Alberto and the team can hit the lower end of the 2022 guidance.

[laurence llewelyn binliner] 06/7/2022 17:33

Very interested to see the Q2 results update next week here..

Q1 realised Copper of 4.42/lb | AISC 3.59/lb | margin 0.83/lb
Q2 Copper averaged 4.33/lb | AISC..? | margin ..?
Q2 electricity costs higher than Q1..? but now reducing for Q3 onward..?

[plentymorefish] 06/7/2022 17:22

Held up quite well in the circumstances......suspect another 100p to come off here before things turn......

[ruvic] 06/7/2022 17:09

Algorithms running the show.

[ruvic] 06/7/2022 17:07

My ATYM position is still intact, I'm still holding $CPER puts,$GSG puts $GSG short. This market is not easy what used to take weeks and months to go in one direction and reverse, now takes hours and days.

[qs99] 06/7/2022 15:38

AGREED, recession which is likely depressing commodities, but china reopening and rebuilding of ukraine and electrification of world, with fewer new sources of copper mean i'm sticking in for the long haul with ATYM DYOR!

[ruvic] 05/7/2022 18:23

Commodities bubble burst into full action. It's why you buy hedges softens unrealized losses on ATYM

[papillon] 05/7/2022 15:00

Copper price well down again today.

[plentymorefish] 05/7/2022 13:07

Ouch!......

[rougepierre] 05/7/2022 13:07

Bought c£50k this morning at c306...

[farnesbarnes] 05/7/2022 11:27

Copper needs to find support at 3.50, otherwise 3.00 is on the cards.

[qs99] 05/7/2022 08:05

Nice update IMO.....personally can see copper rebounding and ATYM with it, DYOR

[qs99] 04/7/2022 15:53

Thanks. soon find out I suppose!

[tommyttrades] 02/7/2022 10:25

Looking into electricyt costs, from the current year and going forward..

Wholesale prices in Spain already down from 1Q 22 highs

Peak of €600/MWh

Q1 avg €230/MWh

Q2 avg so far €190/MWh

June 2022 €150/MWh......So we should have greatly reduced costs on consumption

Also from yesterday
Agreement with Endesa ( supplier)..

I can't find the €price per MWh although contract is long term until 2034


Leer más: hxxps://www.europapress.es/andalucia/huelva-00354/noticia-endesa-atalaya-mining-firman-acuerdo-suministro-largo-plazo-mina-riotinto-huelva-20220701160609.html
Endesa y Atalaya Mining firman de un acuerdo para el suministro a largo plazo de la Mina de Riotinto (Huelva)


Endesa and Atalaya Mining have signed a long-term Power Purchase Agreement (PPA) that will allow the Riotinto Mine (Huelva) to have energy supply at a competitive and stable price for the next twelve years. As reported by the company in a press release, this new energy contract, which will come into force on January 1, 2023, is in addition to the agreement that Atalaya has recently signed with Endesa X, Endesa's energy services subsidiary, for the construction of "the largest self-con ...
In this regard, this 50 MW facility will be located in the municipality of Minas de Riotinto (Huelva), providing one hundred percent renewable energy equivalent to the supply of a municipality of 14,500 inhabitants for 12 months. In total, 75,765 photovoltaic panels of 650 and 655 Wp power and state-of-the-art inverters will be installed, all on 60 hectares of solar field. In this way, the construction of this infrastructure will involve an investment of 30 million euros



Leer más: hxxps://www.europapress.es/andalucia/huelva-00354/noticia-endesa-atalaya-mining-firman-acuerdo-suministro-largo-plazo-mina-riotinto-huelva-20220701160609.html

.

[qs99] 30/6/2022 14:41

Welcome back Rougepierre!

Afraid I was slow off the blocks getting into cash to be able to add any more! Shame at these levels....DYOR ...GLA

Cheers
QS99

[mronions] 29/6/2022 20:50

At AGM stated very clearly that the dividend policy is unchanged: 30-50% of Free Cash. We will get interim dvd at next quarter. Unless something radically changes no reason not to keep paying on the above terms.

[tommyttrades] 29/6/2022 18:25

Thanks KS..

I do remember from the RNS the intention of a twice yearly payment, so had a look back.

Was looking to see if there was/is an ex div date for the interim..
( end of June/July?)


Then again we may have to wait for the interim results, which were out in Aug last year




Dividend Policy



Consistent with its strategy to create and deliver shareholder value, the Company has approved a Dividend Policy that will make an annual payout of between 30% and 50% of free cash flow generated during the applicable financial year ("Ordinary Dividend").



The Dividend Policy will take effect in financial year 2022. The annual Ordinary Dividend will be paid in two half-yearly instalments and announced in conjunction with future interim and full year results.



The declaration and payment of all future dividends under the new policy will remain subject to approval by the Board of Directors.

[king suarez] 29/6/2022 17:48

TT - no dividend dates have been announced yet for 2022 to my knowledge..

The company only started paying dividends last year, and the inaugural one was for the prior 9 month period, so we may end up having different date(s) this year.

We don't yet know whether there will be an interim going forward, one a year, or even one per quarter. All we know is the commitment to pay 30% (I think it was) of FCF out each year to shareholders.

[tommyttrades] 29/6/2022 17:38

Does anyone have the dividend dates for 22....

Does it go ex Div in Nov for full, July for interim ?

[fs360] 29/6/2022 10:26

Opportunity to accumulate?