Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I should say that is my interpretation and so have moved from ATYM to here. ATYM does seem fairly rock solid at the moment though.
Closed at 273 on friday 8 jan. By the end of monday the 11 Jan they had bought a load after it 'fell' on small volume all day. On top of that commodity shares are down.
It's more likely that blackrock are buying and working it down first like they did for their last purchase. Ive seen them and other instis do this a number of times on other shares.
But SLP a mere 16% down so that was the better of the two you recommended yesterday.
Nickel Investor
Werent you recommending THS yesterday? It's 21% down today ie you dont know what youre talking about but really like to sound like you do.
Think you're right, MrOnions. Majedie have offloaded about 8million shares in the last 6 months. They bought between £1-1.50 if I recall correctly.
https://quoteddata.com/2019/12/majedie-results-grim-reading/. Apologies if already posted.
Usually presents a good buying opportunity. Once the coronavirus effects on copper deficit forecast for the year are known it'll be easier to judge where this is going. Another couple of weeks.
https://www.worldometers.info/coronavirus/#countries
https://www.icsg.org/
well done everyone still holding - its been difficult some days, not least because of all doom merchants on here. i should be top slicing now but the trend really is obviously up and the general consensus is dont go against it. GLA
all our copper. nope. not from the expansion. astor case lost? - *******s and you know it. stop spreading fear because youve sold your holding and want in cheaper. you do this every time. and then constantly ridicule people who sell cheaper when youre in. youre a big flapping idiot spewing all over this board. if youre still holding your purported 100k then youre an even bigger idiot.
At 3$ copper, according to Alberto. Couldnt be a better situation leading up to the FY results.
They need the permits first - who knows how long that will take judging by PRT's one. I doubt theyd secure funding before then. Do you know of other companies who have secured funding before permitting? Do you remember last year the below-the-bid seller kept at it all the way from 60p-1.40. To what end? They were obviously hoping to buy a load at 40p or something but then copper turned all of a sudden and they missed the boat. Also that incomprehensible tiny-amounts-of-shares person was at it last year too (looking back at my own posts remarking on these two deal types). Again to what end? Doubtless there has been insider dealing on here (remember the tailings pollution thing for example). I cant believe how rife it is in the market generally but it's too hard to police i suppose unless it involves huge sums. Let's hope you're wrong on a placing and, as you say, it would be criminal at these prices. They would be investigated for that one would hope.
Mr O Taken from Atalaya's web site: Phase 1 – The Company paid €0.5 million to secure the exclusivity agreement and will continue to fund up to a maximum of €5 million to get the project through the permitting and financing stages. Phase 2 – When permits are granted, the Company will pay €2 million to earn-in an additional 30% interest in the project (cumulative 40%). Phase 3 – Once development capital is in place and construction is underway, the Company will pay €5 million to earn-in an additional 30% interest in the project (cumulative 70%). Phase 4 – Once commercial production is declared, the Company will purchase an additional 10% interest in the project (cumulative 80%) in return for a 0.75% Net Smelter Return (NSR) royalty, with a buyback option. The Agreement has been structured so that the various phases and payments will only occur once the project is de-risked, permitted and in operation. Based on the above it appears that any large capital expenditure is a long way off so why would they raise it now?
What do you mean issue shares, Mr O? When was that mooted?
They started an appeal process so wont be paying Astor until the outcome of that I think. Everyone can still calculate how ridiculously cheap Atalaya is if they want to after allowing for the astor payment. Also, needless to say, copper's doing really well and forecast to continue this run based on verified supply shortage. It needs to be traded now to increase volumes and each day the spread is really pretty good for that compared to other AIM shares. And of course weve got the helpful martyr who keeps selling below the bid to help traders even more.
google finance has been messed up for weeks. it;s something to do with the feeds from the LSE. it mostly affects low liquid aim shares - no trades reported and now this zero thing; and there is a lag in data of about 15 mins for all other ftse shares' prices.
Yep. read below.
It's a different atalaya: https://www.reuters.com/article/us-hedgefunds-dyal-atalaya-idUSKBN19J27D I was about to get really ****ed off that someone else had bought a load without moving the price up! Having said that, why arent more people buying this, The mind truly boggles. It must be that people think there's something wrong because it is so cheap and so they sell and it just gets cheaper. I cant fathom it. It should even be attracting day traders by now - there's no stamp duty and actually the spread is never too punishing these days considering the volume.
Out this morning, following these great results. Cue the stampede...
for last year - 15.93 ebitda. And based on 2.21 average price of copper! Cash costs looking great too.
don't know outcome but usher confirmed it was given earlier.sorry I have no other details.
For another case to finish according to my source.