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All depends on 1. The copper price 2. The deliverables. Lets hope 1 gets delivered
Yes Svend, all things look positive for ATYM. Let's hope that the SP will continue to climb. Good luck my friend and have a nice day.
Seen_it-done_it > I agree with you meanwhile the renewed price increases for commodities such as copper when it was thought that the electric vehicle (EV) boom had hit pause and 18 months of sequentially higher interest rate hikes by central banks would slow the construction of residential and commercial projects. Copper is considered the global proxy for economic health. Copper prices are breaking out to the upside July futures trading at $467, resulting from supply constraints and growing demand as the world transitions toward cleaner energy. It's the new Gold standard IMOO GL with your target of £ 6.5 price let's target 🚀🌕 👀 I hope so LOL 😎
Can't blame them for taking a little profit since ATYM is now at its many years' high, but for me I have revised my selling order up to £6.50. Will it ever get there? I hope so, lol. 😂 😂 😂
That TR-1 was for trades on Friday, they sold a few on Thursday as well. It looks like they are just trading around an overall 4% position held back to Nov 22 - it's likely just algos moving stock around based on portfolio % calcs within a fund so nothing of relevance really.
Blackrock do that on a lot of shares, often see them nibble up and down around 5 or 10% positions.
No, it does seem that they have reduced their holdings from 4.05% down to 3.97%.
Was that Blackrock buying today then?
Highest finish for the day, and it's only Monday. Many more like this to come yet. Good luck to all faithful holders and have a very nice evening.
She was working hard to finish above 450, looks like she may have made it.
What a beaut.
Thanks, of course..... that's exactly what it looks like.
I bet they wish they did all their buying at 445p now though !!
Possibly someone loading up but trying not to move the dial too quick, so broke their trade down into £1000 clips?
Very strange repeated trades for 221 shares today - anyone any idea what this might be ?
I just happened to be looking at the trades and kept seeing the "221" figure over and over.
Date/Time Price. Shares
04/29/2024 15:41:26 BST 453.00 221
04/29/2024 15:07:57 BST 450.00 221
04/29/2024 15:02:55 BST 450.50 221
04/29/2024 14:55:06 BST 451.00 221
04/29/2024 14:44:30 BST 451.00 221
04/29/2024 14:41:00 BST 451.00 221
04/29/2024 14:35:30 BST 450.84 221
04/29/2024 14:33:05 BST 454.50 221
04/29/2024 14:29:22 BST 450.00 221
04/29/2024 14:22:12 BST 450.00 221
04/29/2024 14:12:08 BST 449.50 221
04/29/2024 13:27:12 BST 447.50 221
04/29/2024 13:15:04 BST 447.50 221
04/29/2024 13:03:06 BST 447.50 221
04/29/2024 12:49:43 BST 447.50 221
04/29/2024 12:15:32 BST 447.50 221
04/29/2024 12:07:05 BST 447.50 221
04/29/2024 11:57:28 BST 447.50 221
04/29/2024 11:41:24 BST 447.50 221
04/29/2024 11:29:46 BST 447.00 221
04/29/2024 11:19:37 BST 447.00 221
04/29/2024 11:07:58 BST 447.00 221
04/29/2024 10:51:15 BST 447.50 221
04/29/2024 10:17:07 BST 448.00 221
04/29/2024 10:07:11 BST 448.00 221
04/29/2024 9:56:56 BST 446.00 221
04/29/2024 9:11:10 BST 445.00 221
My observations - it broke out the very long term downtrend from 2011 at the beginning of April and then retested but didn't break it in mid April. It's now trying to break out the recent medium term uptrend - needs to close above 448 which was the high in Feb 2022 and where that uptrend is crossing it now (confluence, so possible hesitation). If that level holds then the long term uptrend from April 2018 comes in play and that would give you 560s+ as a future target.
If it doesn’t hold then a possible retrace, depending on copper price which is maybe starting to look a little toppy right now IMO, at least in the short term (I was expecting a bounce off 4.6, but maybe heading for 4.9 now just to confound me?).
Guidelines to look for on your own charts only, other observations welcome if my lines are suspect :/ I haven't done the fibonachos witchcraft thing so there may be other points in between that someone else might know.
Above 450p for a short time, and the copper price keeps rising.
Last time it was above 450 was 2011.
GLA
Am expecting this to reach 550p before the year end, almost reaching the brokers recently upgraded 580p target.
We're pushing new long term highs and we're now on the main market. There's also a rising copper price, increasing output and potential to reduce costs, with a potential M&A frenzy beginning over copper assets.
Any chartists have a view on where this could go and next resistence points?
''Won't see any significant benefit from this until 2025.''
True statement but the company is currently enjoying a very favourable energy market environment so although the benefits are slightly delayed, the consequences do not look to have an adverse overall effect given the current energy costs per see. as they are now lower than they were in Feb 2021 see below: https://www.statista.com/statistics/1267552/spain-monthly-wholesale-electricity-price/
That solar plant issue has crept in under the radar. As recently as the Q1 update issued on 11 April:
"Construction activities continue at the 50 MW solar plant at Riotinto, with initial power generation expected in Q2 2024."
Now in the Prospectus issued on 24 April:
"As a result of further construction delays by the Company’s contractor at the 50 MW Solar Plant, start-up is now expected in late FY2024."
Won't see any significant benefit from this until 2025.
Yes, some will, and that will probably outweigh the AIM funds that will need to divest their holdings. Some of these funds will be managed within the same 'umbrella' group so they can often shuffle shares around off market as needed first, helps reduce volatility. They also have their own rebalancing dates and procedures to follow so it doesn't need to happen immediately.
But I’m guessing fund managers who may be restricted on what they can trade may then be able to take a position when we move off AIM.
Just a reminder that although we will be main market from Monday we will not automatically qualify for the UK indices. They need to complete Re-dom first for that to happen and we already know that has been delayed due to the change in Cyprus law in March.
They then have to pass further eligibility conditions that FTSE Russell apply to index candidates and it’s not clear from the Prospectus that they will pass them, although they have highlighted that inclusion in the indices is a benefit to shareholders they would like to achieve so will likely do what’s necessary in time. I don’t anticipate we will be considered for the FTSE 250 until the September rebalance, looks unlikely to get everything done in time for early June.
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I think it may be possible that no stamp duty will apply to share purchases from Monday as we are incorporated outside the UK, normally need UK incorporation for that to apply on a main market listing. Anyone buying from Monday maybe post here if confirmed?
There it is, a five year high. Plenty more to go with this with increasing output, lower costs with the solar farm, a rising copper price, m&a activity and a main market listing on Monday that will see Atalaya included in many indexes. With their dividend policy we can look forward to higher dividends this year too.
Good luck to all holders, I suspect this has a lot more to go in the very short term.
Copper price on the rise again at 4.58
Urzz > from the recent presentation, it reads ''50MW solar plant: Initial power generation expected to begin in Q2 2024''
Link: https://atalayamining.com/investors/presentations/
I read in the Prospectus that the Solar plant will not switch on until "late FY24". News to me. Lucky that market electricity costs are so low.