Atalaya Mining Copper Share Discussion Threads

[waterloo01] 10/5/2024 07:41

As an investor, it was only when he left that the company actually started to get permits and into production. He was a disaster for investors.

[estienne] 10/5/2024 07:37

Harry Anagnostaras-Adams will probably feel very pleased with the way this company has developed.

[robmcelf2] 09/5/2024 18:24

Any time Scargs. We are all here to try to bring relevant info opinions and ideas to the forum...

[scargs] 09/5/2024 17:58

Thank You robmcelf2.

[robmcelf2] 09/5/2024 17:01

https://www.elidealgallego.com/articulo/economia/foro-economico-encontro-sober-debate-alianza-estrategica-entre-rural-industria-galicia-4826017Due to this local press release..

[scargs] 09/5/2024 15:07

Hi robmcelf2

How do You know that Alberto is in Galicia today at an event supported by the Junta ?

[robmcelf2] 09/5/2024 11:32

Interesting to see that Alberto is in Galicia today at an event supported by the Junta. The event is designed to promote Galician business interest and discuss the strategic alliance between industry and rural areas. Could be a good forum to announce that ATYM's project Touro is now considered a project of strategic importance?

[rougepierre] 09/5/2024 09:26

Entering the FTSE250

Based on last year's Annual Review announcement of FTSE250 constituents, I expect FTSE Russell to announce on 17th or 24th May that ATYM will enter the FTSE250 in June. To be confirmed on 31 May 2024.

This means that Tracker Funds and those with a mandate to buy a proportion of FTSE250 stocks will have to start buying them between 17/24 May and 31 May.

I expect the share price to be pushing 500p by early June, external factors excluded...

hxxps://www.lseg.com/en/media-centre/press-releases/ftse-russell/2023/ftse-uk-index-series-indicative-annual-review-changes-june-2023

[qs99] 07/5/2024 15:00

we could hit a fiver soon at this rate, lovely job...DYOR

[qs99] 06/5/2024 08:15

copper moving nicely again, should IMO assist ATYM...DYOR

[robmcelf2] 04/5/2024 17:41

Q1 financial results should be week after next if last year is anything to go by. Let's hope by then we get some good news about strategic project status for Touro..

[institutional investments] 30/4/2024 17:36

Pretty sure they took this on Q1 2020. One of them did anyway

[institutional investments] 30/4/2024 17:33

not a huge amount. 250K i think but still , always a punt when their buys come in

[institutional investments] 30/4/2024 17:32

Always get a decent lift after an iShares fund manager adds ones like these

[robmcelf2] 29/4/2024 19:03

I did some quick research and the cut off date for next FTsE250 mkt cap review is 24th May. So if after that date we are above cutoff we will be admitted.

[robmcelf2] 29/4/2024 18:01

You could well be right.

[theapiarist] 29/4/2024 16:33

Indeed, Rob. But I feel that today's rise is largely due to a 1.5% rise in Cu.

The bonus for admission to main market is yet to come on inclusion in FT250.

IMO.

[robmcelf2] 29/4/2024 16:19

Nice rise today with admission to main market.

[gobbie100] 29/4/2024 10:16

Agree, your calcs look reasonable and conservative and a good guide. Better than pie in the sky ramped numbers. Looks positive for the year and beyond. Thanks for doing the calc

[theapiarist] 29/4/2024 10:11

No.

Clearly there will be variations eg inflation, solar power, production etc.

As you can see from the calculations I made the conservative assumption that AISC remains the same.

Given the company's guidance on production remaining roughly the same and with inflation and solar cancelling one another to some extent, I don't believe this assumption will be too far wide of the mark.

NB. Copper briefly touched $4.60/lb this morning so, on that score, we are already ahead of my Q2 estimate.

[gobbie100] 29/4/2024 09:16

Did you factor in falling costs due to solar coming online

[theapiarist] 29/4/2024 08:51

And leveraged by possible extra production from Tuoro.

[laurence llewelyn binliner] 29/4/2024 08:18

Nice margins, and before the solar farm brings our energy costs down too.. :o)

[theapiarist] 29/4/2024 08:11

Thanks Brockwl2.

Edit to my previous post:-

Q2 2024 (assuming similar AISC)

Current price of Cu = $4.56/Lb
Margin = $1.47/Lb
Increase in margin = 107%