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Atalaya Mining – Stick Or Twist?

By Nigel Somerville | Saturday 20 January 2024


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I suggested AIM-listed Atalaya Mining (ATYM), formerly EMED Mining (EMED), as being worth a flutter at 327p at the beginning of December. This was ahead of a planned move to the main market and the re-registration of the company to allow its inclusion in the FTSE250 which I saw as an opportunity to make a few quid on a re-rating. Since then, the move has been delayed, copped price has slipped a little and the company has announced Q4 2023 production and the shares, having peaked at 372p a few days after my suggestion, have slipped back to 316p. So stick or twist?
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