1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Sydnee Gatewood
Sydnee Gatewood
Articles (2599) 

Francisco Garcia Parames Comments on Atalaya Mining

Guru stock highlight

August 03, 2020 | About:
Atalaya (LSE:ATYM) (5.0%), owner of the millennial Riotinto copper mine (Huelva), succeeded in being listed at the beginning of the quarter at less than the investment made in the last two years to expand its production (from 9.5 to 15 Mtpa). Something totally out of place in our opinion. We had the value of the mine free before the expansion, the probable success of extending its useful life following the investments in exploration and the optionality of the mining project in Touro, among other options. Even undeveloped copper mining projects with a comparable capacity were trading at more expensive prices. We took advantage to buy more shares and since then their price has doubled, backed by the sound performance of the price of copper. Despite this, it continues to be very cheap and we feel very comfortable with its management team, which has the habit of achieving what it promises and often more.

From Francisco Garcia Parames (Trades, Portfolio)' Cobas Asset Management's second-quarter 2020 shareholder letter.

About the author:

Sydnee Gatewood
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

Rating: 0.0/5 (0 votes)


Please leave your comment:

Performances of the stocks mentioned by Sydnee Gatewood

User Generated Screeners

pascal.van.garsseHigh FCF-M2
kosalmmuseBest one1
DBrizanall 2019Feb26
kosalmmuseBest one
DBrizanall 2019Feb25
MsDale*52-Week Low
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)