Atalaya Mining Copper Share Discussion Threads

[mronions] 21/11/2023 17:13

We are all in agreement that ATALAYA is well managed and things are going well. However, the move to Spain is not in minority shareholder interest: the likes of Trafigura and Blackrock can put their shares on swap with a local Spanish custodian (or any marot prime broker with operations in Spain). The only reason given for moving to Spain was that there was a tax issue moving to the UK. The details of this tax issue were not given, hence the thinking that it could be about management options.

I recommend you instruct your broker to vote against the resolution to move to Spain.
Alberto said himself if it does not succeed they will find another solution: lets get the London domiciliation back on track.

[waterloo01] 21/11/2023 13:01

Just listened to Q&A and Mr O is correct re 19% withholding tax (an issue if you have ISA/SIPP which is where I hold)

[qs99] 20/11/2023 17:07

Copper moving along nicely over last few weeks IMO...supply is under demand still IMO, so hope we can see $4 behind us again soon DYOR

and London listing by far the best and main one too.

[rougepierre] 20/11/2023 16:24

Copper motoring today...ATYM should be much higher...

[mronions] 20/11/2023 16:10

If you hold shares in SIPP or ISA you are all taking a 19% cut in your dividend if we move to Spain. London best.

[mronions] 20/11/2023 16:09

We can get on the main listing with Cyprus .... its then a question of what indices we can join when domicile cyprus, some limitations

[mronions] 20/11/2023 16:06

Get your broker to vote against Spanish domiciliation.

No real details were given about what the tax charge was and who impacted (management options?).

Alberto said himself if does not get the vote they will have to find another solution.

The UK was their first choice and the delay has been to do with the tax issue: but what tax issue? who is paying? If its just managements options we are protecting then not really correct that majority of shareholders should take a 19% dividend haircut

[waterloo01] 20/11/2023 16:06

Main listing. Not sure there would be any withholding tax, but no expert on the subject

[mronions] 20/11/2023 16:01

Think we should vote against EGM resolution : moving to Spain will result in everyone in UK who has stock in ISA or SIPP getting stung 19% witholding tax. Moving to UK would be much better.

No real reason given for the move to Spain other than tax charge: but what tax charge? Management options? Are we taking a 20% hit for management options? Happy to be corrected if I am wrong.

[zangdook] 19/11/2023 12:15

5. Possible reduction in Inheritance tax may lessen the outflow of IHT investors when we leave AIM.

[robmcelf2] 18/11/2023 14:36

Other possible drivers for ATYM share price growth in 2024 (apart from Touro) -1. Solar farm comes on stream as does Elix early in the year which will bring cost reductions in turn boosting profitability2. Copper price appreciation - although this may not materialise until 20253. San dionisio finishes permitting and ATYM mixes in the richer grade pre to drive outputs for little extra cost 4. Listing on main market at end of next month could attract institutional interest not possible with an AIM listing

[nedludd] 18/11/2023 13:10

Can't remember him ever making a correct forecast. Can you?

[robmcelf2] 18/11/2023 11:51

So looking ahead to 2024 what are the drivers for share price growth? I think the Touro project could get a meaningful permitting boost early in the year if it gets out on the list of fast track projects. Would be great to see permitting successfully closed by end of 2024 and would help valuation.More reasons to come soon.

[joe say] 18/11/2023 09:15

Having watched the presentation there are many positives but one large negative is the dividend WHT position.

Will consider which way I vote now (not that my holding will swing it!)

[lanty33] 16/11/2023 20:32

Beware everyone of his ramping. He did that before
then went missing! BEWARE!! l33

[lanty33] 16/11/2023 20:32

Guess you are!! l33

[lanty33] 16/11/2023 20:31

Ah,I see rougepierre is back! Are you going to start your RAMPING again!?

[qs99] 16/11/2023 13:07

would be nice!

[rougepierre] 16/11/2023 12:55

Alberto is projecting a $15,000 copper price...

The CFO is projecting a MCap of £700m...enough to take us into FTSE350...that equates to a share price of c£5!!!!

[rougepierre] 14/11/2023 15:39

Copper trying to break out above $3.73...

Is this the start...?

[tightfist] 14/11/2023 12:35

There are plenty of those...,.,

[caiman47] 14/11/2023 08:30

The move to Spain is to get around a tax problem resulting from Brexit. Unintended consequences.

[robmcelf2] 14/11/2023 07:04

Pretty sure the latest RNS is a bit of a curveball as we expected ATYM to be domiciled in UK. Spain makes sense but not sure how the tax on divis will work now the UK isn't in EU...

[wind dancer] 13/11/2023 14:00

Indicates some confidence in Touro IMO

[qs99] 13/11/2023 11:49

Nice move, well done the Board