EMED Mining Public Live Discussion

phil and leggett 07 Oct 2015

Re: Atalaya Mining plc phil and leggett with a positive maybe take ? Ace more of the drowning man in that post, clutching at bricks...Mates rates on the unsaleable copper to um mates, of course the market knows what is going on hence the price...ACE...Blue SP's are my only positives, still abit short on those here... Still waiting on the ace...Pink wand on order for the ace...Phil...

Small Holding 07 Oct 2015

Re: Chinese copper inventories [link] supported by falling stocks but China worries persistTue Oct 6, 2015 4:33pm GMTMariana IonovaLONDON, Oct 6 (Reuters) - Copper prices were steady on Tuesday, supported by falling inventories and output cuts, but persistent concerns about demand growth in top consumer China kept a lid on the market.Benchmark copper on the London Metal Exchange closed up 0.1 percent at $5,185 a tonne.Prices were supported by a drawdown in inventories, as stocks of copper in LME-approved warehouses fell to 312,225, down more than 15 percent from a peak in late August.Bonded stocks in Chinese warehouses are estimated to have fallen about 350,000 tonnes over the past three months."The market is starting to look at the fact that warrant (inventory) levels are falling quite rapidly and you have more production reduction announcements," said David Wilson, analyst at Citi. "Is this a market you really want to be shorting?"Copper prices have rebounded from six-year lows below $5,000 touched in August, helped by planned output cuts by several mining groups, including Glencore.

Ace08 06 Oct 2015

Re: Atalaya Mining plc phil and leggett with a positive maybe take ? aye they better come up with payback after all these years of BS Time yet to make a packet , Production and profit is the way forward Strong Buy .

investorprotestor 06 Oct 2015

Re: Chinese copper inventories There are a lot of emerging stories in the press about QE4. It seems according to certain CNBC commentators and others that QE4 is imminent. If that is the case then the fundamentals, supply and demand, future growth forecasting, etc, go out of the window as hedge funds will distort the market to the upside. Personally I would just like to get back to normality, however it seems those days are gone. Markets are now thinking 2 or 3 steps ahead in the cycle and placing bets accordingly. If we get QE4 copper will increase in price and most likely surpass its all time highs. Bailouts are here to stay unfortunately for everyone, but good for copper.Market up for wrong reason: Adami[link] Alphaon't Bet On A Rate Hike In December, QE4 More Likely[link]

Small Holding 06 Oct 2015

Re: Chinese copper inventories [link] Glasenberg focused on copper — Glencore’s most important mined commodity — arguing that prices did not reflect supply and demand because of “distortions” in the market.”“He said the price of copper, responsible for about a third of Glencore’s earnings, was at odds with low stocks — which Mr Glasenberg put at three weeks of global consumption — and continued demand growth from China.”“We’ve seen massive destocking around the world,” Mr Glasenberg said, arguing that global inventories of the industrial metal were at their “lowest” in years, even as some investors fret about the outlook for the world’s biggest consumer of raw materials.“Right now all commodities are following the same curve, all moving because of China and the market’s negativity on China,” he said. “So no doubt you’re getting a distortion [from funds betting against the copper price].”

phil and leggett 05 Oct 2015

Re: Atalaya Mining plc ACE...The smiley is not so sure of the "trust in the ace either"...lol...Just one Ace up Alberto's sleeve is that he has restarted an exsisting plant with minimal hicups, name change, consolidations, drill results & BOOM a copper production par excellance, ahead of schedule & he's a hero....Could happen...Phil...

Small Holding 04 Oct 2015

Chinese copper inventories I have posted before about Chinese copper inventories and the fact that the Chinese have bonded copper supplies held in free-trade zones that are outside the official copper inventories released by the Shanghai Futures Exchange. These are in effect warehouses of copper that can be used for insurance, to be used in the event of unexpected shortage or if the price difference makes the sale of these reserves more attractive. As a result, these stocks held outside the official copper inventory make the released official figures inaccurate and possibly misleading.Much has been made of the Chinese figures released for August 2015 showing imports of refined copper to be flat. The copper price has fallen and we are all aware of the effect this price fall has had on companies such as Glencore. At the same time Bloomberg reported that stock levels in the bonded copper warehouses have dropped in August to their lowest level in two years. The reason why the bonded copper has dropped is because of the discrepancy between the price of copper on the London Metal Exchange and the price of copper on the Shanghai Futures Exchange. This discrepancy means that traders can get more money for copper on the Shanghai Exchange and for this reason they have taken copper out of their bonded stocks and sold it. The result being less copper had to be imported.I am not saying that there isn’t a slowdown in China but these distorted figures can make the situation look far worse than it actually is.Around the 13th October China will release figures for September giving the refined copper import figures for the month. As stocks in the bonded copper warehouses fall, it will be interesting to see if China’s imports of refined copper increase.Even if the Chinese choose to continue to draw on their deposits of copper in the bonded warehouses this can only be a temporary measure and ultimately they will have to replenish their stocks or rely solely on recorded imports. Either way it would have a positive effect on the copper price.If I am wrong the bonded copper stocks may remain broadly the same but, due to lack of domestic demand, the imported refined copper figure will remain flat or even fall, time will tell.DYOR, AIMHO

Small Holding 04 Oct 2015

Spanish press article [link] belt | countdown to the start of the industrial stage after 14 years of inactivityEmed Mining Atalaya will be renamed to start of trade in RiotintoThe company plans to market the first copper concentrate in early 2016 260 staffers and about 400 subcontractors working in testingElena Llompart Huelva | Updated 04/10/2015 - 51New times for Emed Mining. The company in charge of restoring Riotinto mining, asleep for 14 years, will begin a new stage after breaking with a past marked by lawsuits and arduous administrative process. Mining has outlined a new corporate image and prepares for an imminent change to the new phase even presented name: Emed Mining Mining will be called Atalaya.A weeks of the start of commercial production (the expectation is that this will occur in early 2016, when copper concentrates have the right quality for this purpose), the mining will be renewed and thus change his nomination in an obvious nod to the history of copper mine, although the site is to exploit Cerro Colorado, arising from the integration of various historical mining short as South Reef, Reef North and more recently Cerro Colorado zones, Solomon and osprey.In order to improve the prospects of the company and to help revitalize its presence in the markets, the shareholders of Emed tabled two weeks ago the change in nomenclature, referring to the flagship of the company Rio Tinto. Not surprisingly, the board has considered that the proposed name better reflects the main focus of the company: "Being the resumption of copper production Rio Tinto project, instead of their projects in the Eastern Mediterranean". So says the group in a statement released at the time and explaining that "Short Watchtower was once the largest-pit mine in Europe open," deposit "takes its name from the village of La Atalaya, which was founded in 1883 to house miners of San Dionisio. "With a current staff of 260 employees and about 400 contract workers, work is constantly being tested in mining facilities (with shifts to cover 24 hours a day). It was last July 31, as mentioned in the testing phase, when the company achieved the first production of copper concentrate, the company goal is scored in the race for the revival of the open pit. Since then, the company works by adjusting the amounts, seeking the right quality and the degree of optimum concentrate to enter the industrial phase, resulting in a first phase 5 million tonnes per year in early 2016. Later that same year, target passes to reach 7.5 million tons annually, and in 2017 will be 9.5.To this end, Emed has undertaken the rehabilitation of the areas primary crushing, screening, grinding and flotation, and continues to work to optimize the use of existing infrastructure. Thus, although at present five wind turbines are repaired and there are four in operation, the company will have two new mills with a capacity equivalent to five of the others.In this way, the project progresses to start at full capacity, the historic mine, after the April 17 multinational, listed on the stock exchanges in London and Toronto, carry out the first controlled blast. Two months later came the capital injection required for starting the activity by giving shareholders Emed green light to a capital increase of 87 million euros to finance the reopening of the deposit.Trafigura Beeher (matrix Mina de Aguas Dyed and one of the world's largest trade groups in the raw materials), the Chinese metallurgical holding Yanggu Xiangguang Copper (XGC) and the private equity fund based in New York Orion Mine Finance acquired 42 million euros in new shares of the company and the value of traded 27 million loan signed in December last year in favor of Emed Mining for new securities.The pact between partners of reference also included the entrance of a room, L

Ace08 03 Oct 2015

Atalaya Mining plc After the drop on name change and Consolidation (temp blip as always)We are now looking at a producer , true game change now Watch this space Trust the Ace jokes ?Let's see

Ace08 03 Oct 2015

Re: Production No AIM company gives a flying F about Private investors not a problem with me That's the risk live with it or buy footsie 100

DEREK 1968 03 Oct 2015

Re: Production It's true that the private micro shareholders are at the bottom of the list. Most of the recent promotion has been to the institutions and HNWindividuals. I guess that those new buyers will be mopping up any shares the micro shareholders let loose. The 500k buyer has now taken 4 chunks over the week but is careful not to push the price up. Tells me that they are after more.Production is at or very close to 5 mtpa throughput now but the company say that they will announce production normalisation rather than full commercial production. That will be December or January after 3 months at or above tag. The copper in concentrate is stockpiling now onsite and commercial transportation and sale will start very soon. Trial batches have been trucked to the smelter already. Yes there are lots of people onsite and much of the site can be seen from the road. My last site visit got me two contacts one of which is working onsite now.I remain a buyer.

Ace08 02 Oct 2015

Re: Production This actually winds me up , alanadale they release any news of any worth via REGULATORY NEWS SERVICE That's all the news any listed company gets get it ? It's called RNS ,, No there is no Emed TV news channel with 360 web cam , or some reporter in a short skirt giving you updates like some kind of weather channel , Maybe the BBC will start some kind of news thing called Monthly updates on Spanish mines ? Jesus man you are Special

Ace08 02 Oct 2015

Re: new photos [link]

Freddie The Fence 02 Oct 2015

Re: new photos Nice to see the progress with the expansion project

great forest 02 Oct 2015

new photos [link]