Freddie The Fence
07 Dec 2017
Re: They wanted £39m they got &po... That's a good point SH, although it could equally be argued that the share price at £1.67 is already at a discount to a 'fair' valuation of the company.I've been wondering a while whether the company is hampered by its AIM listing, now that it is looking for Institutional Investors rather than Institutional Speculators.Maybe they will change listing once Touro is on-stream.
roverbill
07 Dec 2017
Re: RNS - Re, Placing At a premium to todays price I also have been here about 8 years and my first purchase was at 16p have managed to average down but still need about £2.50 to break even That would be 8.33p in old money Bill
Small Holding
07 Dec 2017
Re: They wanted £39m they got £... Not trying to defend the company but a reason could be the offer price.The big 4 were willing to pay but there was no discount to attract new investors.A price of £1.60 MIGHT have generated more interest
Freddie The Fence
07 Dec 2017
RNS - Re, Placing £31 million raised, of the £39 million originally mooted.Good, bad, indifferent?Discuss
Small Holding
07 Dec 2017
They wanted £39m they got £31m The plan was to issue 23,335,910 shares and raise £39mIn the event they sold 18,574,555 shares and raised £31mThe big 4 bought what they said they would Trafigura Beheer B.V. ("Trafigura"
has agreed to acquire 5,136,869 Placing Shares in accordance with its current pro-rata shareholding of approximately 22.0 per cent.;· Yanggu Xiangguang Copper Co. Ltd ("XGC" has agreed to acquire 5,117,705 Placing Shares in accordance with its current pro-rata shareholding of approximately 21.9 per cent.;· Liberty Metals & Mining Holdings, LLC ("LMM" has agreed to acquire 3,263,158 Placing Shares in accordance with its current pro-rata holding of approximately 13.98 per cent; and· Orion Mine Finance (Master) Fund I LP ("Orion" has agreed to acquire 1,800,000 Placing Shares, being part of its pro-rata entitlement. That comes to 15,317,732 sharesHad they got what they wanted new Institutional Investors would have bought the remaing 8,018,178 shares.In the event only another 3,256,823 shares were sold, such was the rush to invest in this company.At least it might stop them trying to go down the equity route to fund Tour
ms9cw
01 Feb 2017
Carlos Estévez. Does anyone know what happened to him?
ms9cw
19 Dec 2016
It's AIM. It's good news. So of course the share price will get hammered today.
Concojones
12 Dec 2016
One more thing. I'd like to see them use cashflow to expand operationally (e.g. buy new mines). I think they're competent to grow. What I don't want to see is a dividend. I'd see that as the main investors wanting to make a quick buck, at the expense of the company's long term prospects (as they are high cost).
Concojones
12 Dec 2016
Interesting to hear they are thinking of adding more mines. This seems to be a fairly standard strategy in the industry. The aim is to obtain a re-rating in the share price, driven by the much lower operational and revenue risk inherent to a company with multiple mines. Especially since Atalaya's current mine is high-opex. Greenfield mines tend to be low-opex. I hope this sheds some light on the issue. The caviat is always: 1) will they buy at a reasonable price and 2) are they technically competent enough to turn this into a solid second mine? 1) is critical but I think we might be okay as long as we have Trafigura etc. overseeing the process. 2) Here I have to say that I'm extremely, extremely pleased with the current management (Lavandeira).
Langerman
22 Nov 2016
Can anyone remember the conversion price please? Trying to work out how much longer I will be in this hole!
Simbrad
08 Jun 2016
SP Angel's note out this morning on Research Tree... "Atalaya Minerals has hosted an analysts visit to demonstrate progress on the Proyecto Rio Tinto. It is apparent that, with a committed and energetic team at the helm, the project is ramping up to the planned 9.5mtpa rate of the phase 2 development smoothly and is well placed to meet or improve upon the target date of achieving this throughput by Q3 this year. The ramp-up of production is proceeding well, and we look forward to further news on possible resource/reserve updates and upgrades."
Simbrad
27 May 2016
SP Angel's note is on Research Tree... "Atalaya Mining reports that “Based upon the considerable progress made during the commissioning of the Expansion, the Company anticipates that production ramp-up to the full rate of 9.5Mtpa will be achieved during Q3 2016, earlier than anticipated... Atalaya has brought the Rio Tinto operations back to production under budget and ahead of schedule. Production is ramping up and management is predicting a further decline in costs to below the US$2.20/lb achieved during the first two months of commercial production..."
Langerman
07 Mar 2016
Re: can not buy, no problem buying today, just this website is a bit dodgy with pricing today
