If you want exposure to copper and are looking to invest in an earlier stage outfit that is already in production, then your choice of UK listed companies is actually fairly limited. The majority are either still at the exploration/development phase, or are large FTSE listed miners, and in many cases copper is just one of many metals that are being produced, with the odd exception...
Spanish copper miner Atalya Mining (ATYM) has seen its share price drop back recently, but then the situation has been similar on most producers in this sector and has come as a result of weakness in the commodity price rather than anything company specific.
Having asked for readers tips for 2018 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2018)...
Having asked for readers tips for 2018 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2018)...
Having asked for readers tips for 2018 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2018)...
Copper has remained volatile in recent weeks, but is still showing far more strength than we’ve seen in the last couple of years, and I think the upward trend will continue. There are still some concerns about a potential drop in demand, but at the same time we’re not seeing many new copper projects reaching production and I can see further shortages in supply going forwards, barring a worldwide economic meltdown.
Atalaya Mining (ATYM) the company once known as EMED has served up its Q3 results today and broker Mirabaud is quick off the blocks with a buy note. I know many of our readers are invested here. Though I have no strong view for what it is worth Mirabaud writes:
Another detailed broker note intended for sophisticated institutional investors not the great unwashed of the private investor community falls into my lap. A fucktard compliance officer earning as much as five NHS nurses, may soon force us to remove it but ahead of then, Mirabaud has cut its target price for Atalaya Mining (ATYM), formerly EMED, from 192p to 175p but with the shares at 88p that still offers 98% upside.
Alberto Lavandeiro, chief executive officer of unfashionable copper hopeful Atalaya Mining (ATYM), says the company is on schedule to begin commercial production on 1 February from Riotinto, its historic Spanish mine near Seville boasting a potential resource of 940,000 tonnes at a modest copper grade of nearly 0.5%.
All brokers talk: nonsense/their own book/up corporate clients/up clients they want to become corporate clients. As such all research can safely be ignored. On that basis here is the Mirabaud buy note from today on Atalaya (ATYM) c/o of its PR firm Walbrook. I publish only because I kind of think the story actually does add up.
Our friends Proactive recorded a number of video interviews with Companies presenting at Gold & Bears. Second up is Atalaya (ATYM). Enjoy...
