Atlas Cons. Mining & Dev't Corp
Just to add sir...

MANILA, Philippines—SM Investment Corp., the flagship holding company of tycoon Henry Sy, is diversifying into the mining business by buying into Atlas Consolidated Mining & Development Corp.
The board of SM Investments approved Friday an investment of $142.2 million in Atlas that will be equivalent to 17.9 percent of the mining company’s enlarged capital upon the closing of this transaction.
Proceeds of the investment will be utilized by Atlas to partially finance the acquisition of the balance of 45.54 percent of its subsidiary Carmen Copper Corp.
SMIC executive vice president and chief finance officer Jose Sio explained that the buy-in was a “portfolio” investment meant to take advantage of opportunities in the base metal sector.
“The price of copper, a base metal, has recovered very strongly in recent years and is expected to remain buoyant in the near future owing to the very strong demand from major Asian economies,” Sio said.
“The mine site of Atlas is only 16 kilometers away from its own port, passing through roads owned by Atlas. From this operational advantage, Atlas is able to ship its output to its major customers. This proximity to major markets translates to substantial transport cost advantages for Atlas,” he said.
SMIC president Harley Sy added that the group was pleased with this investment at this time, noting that Atlas was one of the top 20 copper mining companies in the world.
“It is very well-positioned to take full advantage of its mine site’s significant resources to serve its major markets like China and Korea which have a close proximity to the Philippines. China alone consumes about 40 percent of total world copper production,” he said.
Atlas is led by businessman Alfredo Ramos, who is part of the family that owns retailer National Bookstore, which in turn has a strong presence in SM shopping malls.
“We are also extremely pleased to be able to further cement the long-standing relationship between SM and the Ramos family, a major shareholder of Atlas. Our families have long been collaborating in the country’s retail sector, and this new joint involvement presents an avenue for both groups to further enhance this collaboration,” Sy said.

Source: Business
Press Release re: subscription of SM to 316,242,331 AT shares

Atlas Consolidated Mining and Development Corporation
("Atlas") announced on 1 July 2011 that SM Investments Corporation (SMIC) will be investing US$142.2 million in Atlas’s equity by subscribing to a total of 316,242,331 Atlas shares of stock at the price of PhP19.56 per share. Following the investment (and the previously announced issuance of a total of 278,696,819 Atlas shares of stock to Alakor Corporation and Anglo Philippine Holdings, Inc.), SMIC will hold approximately 17.9% of the outstanding capital stock of Atlas.

In light of the announcement, Atlas Chairman and President Mr.
Alfredo C. Ramos issued the following statement:

“We eagerly welcome the Sy Family and SM Investments Corporation into Atlas. Having been partners in the retail business for nearly 40 years, we are excited about the opportunity to work side-by-side on a new project.

Together, we shall steer Atlas into achieving its full potential. We are confident that the mutual trust and respect that our families and organizations have cultivated over the years will translate into a harmonious and productive working relationship that will benefit our shareholders and contribute to the expansion of the country’s economy.”
this show na talaga na booming na ang mining industry natin kahit Sy family namili na rin.
Foreign selling today. Benta na ba sa balita? I'm still bullish on this for the long term. PD: AT shares intact
Atlas ships more copper in June

ATLAS Consolidated Mining and Development Corp. said its unit, Carmen Copper Corp., completed two shipments of copper concentrates in June.

In a disclosure to the Philippine Stock Exchange, Atlas said that two shipments of 4,957 dry metric tons and 4,938 DMT of copper concentrates were made for the month—totaling 9, 895 DMT.

The estimated value of the shipments, which were consigned to Chinese smelters, was $24.54 million based on the provisional prices of $4.11 per pound of copper and $1,517 per ounce of gold.

The shipped concentrates averaged 27.18 percent copper, 2.63 grams per ton gold, and 21.60 grams per ton silver, Atlas said.

“The payable metal content of the concentrate was 5,700,000 pounds copper and 751 ounces of gold after deducting treatment and refining charges,” the company said.

The total mill throughput for June amounted to 1,193,000 tons of ore at an average grade of 0.296 percent of copper. This resulted in the production of 9,755 of copper concentrate with an average grade of 27.23 of copper, 2.66 grams per ton of gold, and 21.51 grams per ton of silver.

Atlas shares fell to P21 apiece on Tuesday from P21.60 previously.
Steady rise. Patience play ako dito. PD: none sold, will buy more on the dip
nice, bad trip d ako naka bili akala ko mag P20 muna hehe
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
Nag 22.50 na si AT, nawasak yung peak sa 22.30. Sky's the limit. Smile
Grabe ito. Pinunit ko na buyback plan ko dito. UNSTOPPABLE mode pa si AT. Deym!
For those who had been following my (now closed) thread in another forum, I posted more than two months ago that AT's TP is 30. At that time, AT was around 16-18. You may check and verify my postings.
"In everything God works for the good of those who love Him, whom He has called according to His plan." - Romans 8:28
That belief is not to subject to change. On my other takes, you take sole risk if my rooster is serious or just heckling.

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