The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Jesus is retiring. Simple really
Good timing......after a 9% drop in the SP.... :-)
In the past he has covered that liability himself
Confirmed from the RNS: "The Company was informed by Mr. Lavandeira that proceeds from the Share Sale will be principally used to settle personal income tax liabilities that will result from the exercise of the Option Shares."
Standard procedure.
Price Target Raised to 595p at Canaccord Genuity Group
Post copper mining 15-17 years ... Alberto dreaming of starting a farm
- what we going to grow?
Because of Ai, IoT and cloud computing massive need for DATA CENTRES
Spain is investing
Atalaya has everything that is needed to build data centres: (waste) land; water; clean energy; away from population (noise); grid connectivity.
Copper pull back
- not to be totally unexpected as massive run
All eyes on NVIDIA,as this will drive next leg of bull market or not
Alberto (CEO) sold 150,000 from 600,000 options exercised.
This is probably to cover tax / fund holdings.
Alberto seems to still have a long term view (his wife may not)
We have known for a while that TRAFIGURA are opportunistic sellers
Obviously they want the right price, thats all.
They have already sold MATSA to SANDFIRE for a stupid high price (well no so stupid now)
Nice drop to get in on
Ok thanks
Trafigura are not interested in a buyout.
During the Investor Meet yesterday, Alberto said that there had been an approach(es) to Trafigura to buy their holding from a third party entities.
What makes you say Trafigura are interested in a buyout?
He is Trafigura's man on the board - head of M&A at Trafigura himself.
His personal holding could have potentially represented a conflict of interest between him and Traf - especialy s if indicated yesterday buyers have approached Traf to take them out.
Atalaya Mining PLC sale now in play
I had the same feeling yesterday after reading them, i felt a bit flat. If they do produce 51kt and keep costs to sub 3.2 and CU remains up here it should make significant sums. The problem is what i calculate it should be making is not what it's making so i need to see q2. Jesus has almost left the building yesterday with a nice £312k in his tallit.
The sale of their 20% could herald a re rating , or a bid-especially if the belief is that Touro will happen later this year,thereby substantially increasing our reserves.
40,000 shares holding. Another 10,000 in control of indirectly.
I thought very positive presentation
Welcome back Mr Onions. I thought you had sold all your shares and disappeared. 😂 😂 😂
Special status given very soon.
Will also have power generation (solar) in the plan.
E-LIX likely to be rolled out at other mines. JV?
Will happen once E-LIX plant complete at ATLAYA.
There are mutliple buyers out there for Trafigura 20%.
Trafigura is a seller, but not at these levels.
I thought the meeting was very positive, and , as always , Al was very forthright.
GLA
I was also a little disappointed this morning, however I think Q2 will be interesting and am interested to see what happens to the copper spot price over the next six months. In the Q1 results meeting Alberto seemed to be quite bullish on the copper price and said they won't be locking in at these levels and it could be a mistake to do so. Left the results meeting feeling good about the company at these all time highs, what was everyone else's thoughts/takeaways from todays result meeting?