GreenRoc now on the EU radar after presentation on Amitsoq at the Greenland Business Mission. Watch the interview here.
I would say funds who hold this may need to dump as cannot hold stock in kazach
you lot are talking lots of rubbish. Is there a proper view here? any research? Will shareholders be able to block this move? Why can't they just split the Russian business now?
So much to say ... but will try and summarise:
- yes first ebitda loss in 7 years, but because of power costs (60% of negative move) and lower copper price (40% impact).
As ATYM moves into 2023 lots of things to look forward to: expansion of current Rio Tinto in focus. We could ultimately achieve 70,000 tonnes from 56k just at Rio Tinto.
- Touro progressing : ATYM has been cleaning the water ... local law makers very impressed.
- acquisitions : looking, prices lower, but nothing near production. Better to focus on what ATYM has. ELIX could help in acquisition ATYM knowledge could be used at other mines.
Power: ATYM costs will drop in 2023
- first there is power agreement signed
- solar likely to start in H2 2023
- looking and testing wind
Scoop : ATYM to become a regional green energy power supplier post mine life.
- after mining for 20 years + ATYM will be a profitable green energy supplier with Solar and possible addition of inland Wind on its property all paid for by copper production.
ELIX plant is being built fast: huge at 130m long
- will start by producing ZINC, but will also considering producing copper cathodes.
Dividend
- no change to policy : 30-50 of free cash flow paid to investors
- same for 2023
Mentioned Trafigura / Matza Sandfire deal $1.5bn , and just said in conversation when answering a question that could happen to us ...
I SAY : come on copper price !!!!! We need higher if we want a good exit price.
I really think we need a contingency plan in place to replace Harry as if he keeps eating / putting on weight he is not going to last ... we should have a strong number two to replace him. IMHO.
We had the same problem at EMED.
Harry Anagnostaras-Adams still quotes EMED / ATALAYA as if his team started the company. Small truth, he almost got us there ... almost all the way until the end. However, the locals needed a local man to get us over the line.
the things that the investors must be wishing upon the board of directors and clinical staff must be gruesome ... how do they sleep at night? Collective ill will against them must have them hexed. It is also contributing to the failure here. This was trading x3 current price. These reprobates have just raised cash at 1/3 stock value and they let it slip to the market as that is why the stock came off. There is criminal activity afoot here.
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