Ace08
16 Oct 2015
Re: Analyst visit update Hey Derek you seem a well balanced kind of geezer no ramptastic Your thoughts on Consolidation drop or no drop ?Suppose whatever happens it will only be temporary once production and profit kick in It's going ok this still 4p after 7 years can't fault it
Ace08
15 Oct 2015
Re: EGM - £2.40 correction Let's start a book on xmas sp like the Barc losers lol I will go with 86p
Ace08
15 Oct 2015
Re: EGM - £2.40 correction £2.40 xmas prediction = No Chance roco
roco200
15 Oct 2015
Re: EGM - £2.40 correction As the share consolidation will have taken place, to be more accurate & current, I should have said in my earlier post that my SP target for Xmas is 8p x 30 = £2.40.Sounds better than 8p!Bring it on.Thanks for tick ups & comments.
investorprotestor
15 Oct 2015
I can feel it coming.... [link]
DEREK 1968
15 Oct 2015
Re: Analyst visit update I do not see what the hurry is. The best time to talk about milestones is when they are achieved. The AIM does not value dreams anymore and even fact is often ignored. The normalisation of production will be January; that will be 3 months or so at full tag capacity and the sale of concentrate in commercial quantities. The market will value Atalaya at 5 mtpa production once the market is aware that is where the progress is at. The share price appears to be a bit more positive but there is a long way to go before any real representative value is reached.
flyingInferno
15 Oct 2015
Re: EGM Thanks Rocco! "Other opportunities.." Alberto mentioned Ormond in that Stocktube video which I thought was interesting at the time as it's small. (I do not have shares in Ormond) the way KEFI is up 25% today and we also own about 7% of that...Dunno why anyone would be buying Glencore at the moment when the upside here is so much greater!!! Thanks again for the info.
gilyard1
15 Oct 2015
Re: EGM Roco. Thanks a lot. A most informative update. I think after many years a slow but steady up ward trend is on the cards for the next year or so.
Fateddie
15 Oct 2015
Re: Analyst visit update In the coming weeks/New year????? This should have been done weeks/months ago. How can a PR company represent us when they have not yet visited the site??????F.E.
roco200
15 Oct 2015
Re: EGM Hi all loyal investors.It was great to see the full board in place (nine directors), meet Carina Corbett Director of 4C Communications again and most importantly the full senior management team, namely:Alberto (CEO), Julian Sanchez (General Mgr Operations) & David Carrasco (General Mgr Finance). The Rumbo V investors were also present.The resolutions were passed with big majorities as you know.The key thing now is to roll out the communication programme and ensure the often experienced weakness following on from a consolidation is avoided.In EMED's case the story is very strong (ahead of plan & under budget) and there is a receptive audience eager for details of this new major European Copper mining Co.Will we have a new thread under ATYM (AYM on TSX)?In fact Carina told me that many Brokers & Analysts they have meet so far, thought we were still waiting for permits! They are now scabbling to get on board as appointed brokers etc.In January a party of them will visit the mine and some will go beforehand.As you know Alberto is this week in Montreal & Toronto, bringing our North American Investors up to speed helped by Carina's opposite number responsible for North America.In terms of basics, this is where I believe we are:-1. Open Pit Plant commissioning going to plan with completion expected by year end. They are ramping up towards the grade, recovery & production levels targeted.2. 5 mtpa steady state by end of year/Q1.3. Ramp up to 7.5 mtpa Q24. 9/10 mtpa by late 20165. Phase Two expansion also well ahead of schedule & looks like its ahead of schedule & under budget. Commissioning for Phase Two to start late in Q1-2016.6. As we know from Charlieee they are looking at other possible opportunities given many mines are struggling in this market, with no people & no money to develop them. We need new challenges to keep our highly skilled, & motivated senior mgmt team stretched & interested. They are not the sort who just manage a dividend producing steady mining Co!7. The 8m. euro grant is expected by year end.So i reckon & these are my numbers, we will be cash flow positive by Xmas. 5mtpa @ 0.5% Cu con & 80% recovery and a copper price of $2.4 should give us c. $108m pa revenue. I reckon that converts to Net Income of c.£27m or an EPS of 0.077p. So I targeting a share price of 8p by Xmas.Do the maths on 7.5mtpa & 10 mtpa. Do the maths if copper improves from $2.4Finally the current drilling should conclude by year end and we can expect the Reserve/Resource statement during Q1-2016.Alberto is totalled focussed on copper and other minor fringe activities are seen as irrelevant.Hope that helps.All based on my understanding of course. Please DYOR.
johnny novice
15 Oct 2015
Analyst visit update Just got the following from Carina at 4C (our PR company) :"One or two of the analysts that are planning to initiate coverage on Atalaya will be visiting site over the coming weeks but we are planning a more general site visit early in the new year. "
SuperBobTaylor
15 Oct 2015
Re: EGM I would very much appreciate it if you could find time to share the details Roco.SBT
Ace08
14 Oct 2015
Re: stingray Cheers for the heads up charlieeee hope you are right
roco200
14 Oct 2015
EGM I attended the EGM yesterday along with three other Pte investors. Alberto gave a presentation after the formal EGM and then gave an informative Q&A session. He bought his two key guys with him (Operations & Finance). It was great to meet them. I will try & find time to post my thoughts tomorrow, but I can reassure you it was positive.A Board meeting took place after the EGM, & then Alberto flew off to Toronto where he is presenting today & tomorrow.GLA
Small Holding
14 Oct 2015
China 5 year plan October 26th to 29th the communist party central committee meet to set out the next 5 year planPower generation is expected to play a key part of their growth strategy which should boost demand for copper[link] China to put growth before reform ambitions amid slowdown fearBEIJING: Chinese leaders will signal that growth is their priority over reform for the world's second-biggest economy by setting a growth target of around 7 percent in their next long-term plan even as the economy loses momentum, policy insiders say. The Communist Party's central committee will meet from Oct. 26-29 to set out their 13th Five-Year plan, a blueprint for economic and social development between 2016 and 2020.While the government has flagged a "new normal" of slower growth as it tries to shift the economy to sustainable, consumption-led growth, official data shows it has consistently at least met, and mostly exceeded, the growth targets it sets."We will have to rely on policy stimulus to safeguard the 7 percent growth target," said an economist from a government think-tank. "We should not put financial liberalization at the forefront of economic reforms."Beijing needs average growth of close to 7 percent over the next five years to hit a previously declared goal of doubling gross domestic product and per capita income by 2020 from 2010. But a plunging stock market and the unexpected fallout from a modest devaluation of the yuan have raised fears among policymakers that an abrupt slowdown in growth could spark systemic risks and destabilize the economy."It appears that growth has outweighed the reform agenda, which could stabilize the market for the short term while adding destabilization factors in the medium term," said Zhou Hao, senior economist at Commerzbank in Singapore.The government is likely to boost infrastructure spending in the new Five-Year plan, a favored means of stimulus in China, under Beijing's push for regional integration and the "New Silk Road" scheme, to try to meet an earlier growth target set for the current decade.While the specifics remain vague beyond the intention to build out road, rail and building infrastructure projects across Central Asia, analysts also expect the plenum to contain a raft of environmental measures.Power generation from renewable fuels is expected to be a central pillar of any such initiatives, which would likely boost demand for copper and aluminum in particular as power grids are upgraded and connected to solar, wind and hydro power projects. The National Development and Reform Commission (NDRC), China's top economic planner, did not respond to a request for comment. In the first two quarters of the year, annual growth came in at 7.0 percent, in line with the target for 2015, with the government rejecting suggestions that the figures were being inflated to meet official forecasts.Reuters reported in June that China could aim for "around 7 percent" growth for the next five years, but since then market and economic conditions have deteriorated. The expected emphasis at the upcoming plenum on achieving the growth forecast will raise questions about the leadership's resolve for "decisive results" in wide-ranging economic reforms by 2020 that were made at a party meeting in 2013. President Xi Jinping has reaffirmed a commitment to market-based reforms, seen by some as a bid to repair damage to the government's reformist image caused by its recent heavy-handed intervention in the stock and currency markets.But potentially disruptive changes, such as lifting capital controls, may fall behind growth-friendly reforms such as changes to spur private investment in state firms and public projects, the insiders said.
