Member Info for mattlilly

E.B. Tucker, director of Metalla Royalty & Streaming, doubled down on his bet earlier this year that gold would eventually rise to $1,500, an now he’s betting that silver will hit $20 in the next two months.
“Right now, we want to trade silver up to $20. We think gold is going to stabilize at $1,500 and we see silver moving to $20, so that’s a 12% move we think we can capture in the next probably eight weeks. We see that as pretty much a certainty, and we’re willing to bet on that,” Tucker told Kitco News on the sidelines of the Denver Gold Forum.

Sorry, don't know what happened there...

Now up to 600,134...

GLA

My buys of 50,000 and 70,000 dealt straightaway, but I had to retry several times on the 100,134...

Market short of stock...?

Behind the curve...

Negative yield curves in the US and UK right now....negative interest rates all across the curve in Europe...

Recession warning flashing...

lets get a rational perspective...

This is NOT going bust.

Silver prices are much higher than those achieved in Q2...

Only about 0.7% of the ENTIRE MCap right now (about 0.5% of last weeks MCap) has been traded today...

Small investors panic...MMs mark down...PIs panic again...rinse and repeat...

Meanwhile the IIs and Hedgies rub their hands with glee...

Silver and gold price set to boom...every cent increase is 100% profit for FRES...

For a long term hedge against Armageddon found me a better share than this right now...

Simples

Ridiculous!

HOC up 5% since July 16th; FRES down 14%.

So...I've switched a total of c£60,000 from FRES into HOC which I expect to reverse and make a tidy turn...

AIMHO as usual...

Three years ago, the G/S ratio was 65, with Gold at $1010 and silver $15.50...

10 days ago it touched 94 and in the last 4 days has fallen from 93 to 87.5...

At 65 the silver price would be $22 right now...(last hit in September 2013)

Just over a year ago, it was 75, which would put silver over $19 (last hit in September 2016)

Silver bust a serious resistance level at $16 that has held for over a year...next target $17 and beyond...

But serious commentators are putting gold at $1500/oz...if the G/S ratio only returned to 75 that would be $20...you can all do the maths on what that does for FRES EBITDA...

Cheap as chips...

AIMHO as usual...

My last word...

https://ftalphaville.ft.com/2018/08/07/1533614400000/Sirius-Minerals--money-for-a-hole-in-the-ground/

I would far rather be in a copper project (and masses of gold) than polyhalite, which isn't even potash...

Total confidence in Nick Mather. BHP and Newcrest...where are the major players in SXX...Financing overruns (originally $3.57bn now up to $5 billion and rising...)

16 march 2016 SOLG 3.6p SXX sp 21p (pre Stage 1 Finance)

All time high 46.5p vs 45.25p

Current 29.7p vs 16p

It aint rocket science...switch all your dosh from SXX to SOLG now...you'll make a pile and still get back into SXX for peanuts...

Electric cars have far more copper than petrol ones...charging stations and new grids will need millions of tonnes (especially in China)...copper, gold and silver are the place to be...

AIMHO as usual...

SXX incomparable to SOLG...

SXX massively overhyped...not sure it will ever get into production...

SOLG however may well have the resources, discovered and undiscovered to be the biggest copper miner in the world...

But sadly I agree...only a matter of time before takeout...I just hope it will be one of the prospects, releasing funds to explore/mine the rest...

AIMHO as usual...

Someone has done a huge sell and buyback...

29.1 into 28.5981 for £36k...

Cheers

Three great copper plays just drifting...SOLG, ATYM and KCC...

Yawn......

$4 not £4....

Share price consolidating IMHO...

Settle back to 210/215...

Annual Results late March...1st Quarter Ops Report mid April...

Share price recharged ready for a successful charge at 260p and then on through to 300p by late June...

Meanwhile VAN always has an agenda...ignore him...

The agreement you are referring to prevents any one shareholder selling shares or increasing their holding without the agreement of all partners...

Now it has been well trailed that Orion want out, but the other partners would be nuts to accept a delisting when they could have capital gain as well as dividends...

AIMHO as usual...

This report from 16 days ago seems to sum up a balanced view...

http://www.bnamericas.com/en/intelligence-series/miningandmetals/mining-in-ecuador-balancing-risks-and-rewards/

This looks like a classic bid defence strategy to Me...

And when you add in JPMs 90p target, clearly based on takeover expectations, I suspect Nick knows at least one bid approach is coming...and if you're BLT , Newmont or Barrick, etc...that has to come before the PEA...

Time to top up methinks...?

AIMHO as usual...

2 x 10437...more than coincidence...?

Only PIs buying...are you serious...!!!???

Over 142 million shares have been traded since 17 October...that's 70% of the market Cap...(for every sell there is a buy...)

That cannot all be PIs...

I'm very confident that someone will have to announce a position soon...

5 Named instils have reduced from a total of over 41% to under 18% in that time and that's not even taking into account other instils whose holdings were under the 3% declaration threshold...

And then add in the shorters...

So well over 30% of the MCap may have moved into new hand in the last 3 weeks...

Somebody MUST have a position...

AIMHO as usual...

There's a lack of realism at the moment.

First, the judgement didn't change anything. Why would Astor want to settle? Remember, BOTH SIDES appealed the judgement...

As far as I can see, Astor has an armlock because ATYM has had to juggle its finances/cash to avoid going above the $10m and paying Astor a farthing.

They now have certainty and have to get on with managing the financial consequences...

Touro will not be in full production before FY 2022...and while it is a separate subsidiary, it is not listed on AIM, so only ATYM could raise equity to pay for it... (a mere £160 million, i.e. a 50% increase in the ATYM shares in issue...

So here are the facts:

The Capex for the 15MTPA ramp up is $92m...80m Euros

The Capex for Touro is $200m...174m Euros...

The TOTAL Astor debt is 53m Euros...

That totals over 300m Euros...

If that's all done by Equity that's a 85% increase in the number of shares in issue!!!

If all or part is done by debt, that immediately triggers the Astor payment...

Atalaya is currently debt free...

So this isn't about dividends...

Meanwhile...the (hopefully final) studies and reports to obtain the final planning permissions for Touro were submitted at the end of September so...assuming even a 6 month turnaround, Touro would produce its first year of full production in Y/E 2022.

If there's any further challenges/delays such as the environmental challenges Riotinto is answering, that production timetable could slip further.

However, if copper prices recover and rise from here, the picture gets less fraught...

Facts extracted from October presentation:

hxxps://atalayamining.com/wp-content/uploads/2018/10/October-2018-marketing-presentation-final.FINAL_.pdf

AIMHO as usual...DYOR...

Brave buying this one today with the Astor ruling tomorrow...can't see the Court repudiating the debt...worst case, orders immediate payment of the lot...most likely, staged payments over a reasonable period...

Unless Astor/ATYM can come to some sort of deal...

So most likely marked down and sold into tomorrow so that the background Its can pick up even more cheap stock...

AIMHO as usual...

Bought another 40,000 at 12.57...