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Share Name Share Symbol Market Type Share ISIN Share Description
Altyn LSE:ALTN London Ordinary Share GB00B015PT76 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.70p 0.60p 0.80p - - - 33,000 05:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 16.0 -1.4 -0.1 - 16.34

Altyn Share Discussion Threads

Showing 251 to 275 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
18/1/2019
11:24
OK, thanks regarding the update, was not aware we were due one.........hold my breath..!
chrisdgb
18/1/2019
09:01
Sandeels, No, I have not looked into BLK.
chipperfrd
17/1/2019
22:16
RT - and apologies to all (must be at least four of us) for O/T. Appreciate your thoughts and agree with everything you say. Thing is, the stock may be undervalued i) as a result of Bryan D dishing out too much jam ii) possible effort to keep the price low to avoid the exercising of 500m+ options at 31/1/19 and iii) the cash position has been shaky but they entered into a convertible debt package in Sept for $23m of which $15m is conditional on mcap hitting $80m against current ~$60m. So if they deliver the promised reduction in AISC and improved production, there might be a re-rate on the cards. Because I have no previous with BLK, I've had a punt (can't possibly go lower - right?) and hope that iii) doesn't turn out to be yet more jam. GWR have a JV with BLK and just released some spectacular drilling results at their Wiluna West project which saw GWR up 20%+. BLK didn't twitch. Anyway, more exciting than ALTN!
sandeels
17/1/2019
20:39
Sandeels If your investing in BLK be wary and make sure you do your DD. I have been out of them for over 12 months so am not up on the recent activity, but Bryan Dixon has been selling jam tomorrow there for some time IMO. They make a play (or were doing) on the size of the resource most of which is refractory and underground, where they were no nearer make economic production of the smaller oxide deposits never mind the refractory sulphide when I jumped ship. However, things may well have changed significantly since I last looked. RT
roguetreader
17/1/2019
17:16
Chip, are you aware of Blackham Res. (ASX:BLK)?
sandeels
17/1/2019
17:10
Can't wait!!
sandeels
17/1/2019
15:30
We are due an update any day now!
chipperfrd
17/1/2019
13:52
Everything I read at the moment is so bullish for gold............please....!!!
chrisdgb
03/1/2019
18:32
I am still looking for my HMB breakeven point of 3p. OTOH I have lost far more than this in potential value from 2018 downturn in blue chips!
timgw
02/1/2019
08:42
At least the gold price is helping us, up 4.5% in last month......
chrisdgb
24/12/2018
17:54
Good to see a bit of life here over the past few days. Merry Christmas to all. This time next year HMB, GBGR & ALTN holders we are all going to be rich! Sadly I have been saying that since buying HMB shares! All the best.
j4yjaybee
24/12/2018
16:35
Happy Christmas all. Best wishes for a healthy and prosperous new year. Chip
chipperfrd
24/12/2018
15:17
Here's hoping for Chip's long view which seems entirely plausible to me and if it is, just need pog to do it's bit, which seems more likely on a daily basis atm. Happy Xmas to all (very) long-suffering ALTN PIs!
sandeels
24/12/2018
14:22
Blackwill were to all intents and purposes a related party so I don't think we should read too much into them being treated fairly. The US sanction angle and long view are good positive scenarios but does the company intend doing the honourable thing by all shareholders, hope so. Re Kemin, they were a bit disingenuous presenting lack of time as being the reason for delisting, so why say that, should've kept to real reasons.
bo doodak
23/12/2018
16:43
Chip Thanks for the informative posts. You may be correct re the financing, but IMO I think them playing the long view is probably a more likely scenario. My interpretation of the 'long view', is that with recent relative weakness in gold prices and the mine now near break even, they are in no rush to take on more debt at (what they may perceive) onerous costs or risking additional capital of their own, until the gold price trend is clearer. So, they may be waiting for a strengthening gold price to offset those risks and get the best possible terms. As far as delisting is concerned I certainly hope they do not!! and also hope if the worst case scenario is that they do, that they treat the shareholders as well as they treated Blackwill. This has been a frustrating share to hold for the last couple of years, but I think the next six months could at last be interesting. RT
roguetreader
23/12/2018
14:57
Interesting posts, thanks all. Frustrating indeed.
sandeels
23/12/2018
12:18
Regarding the much delayed financing, I cannot help thinking that the problem with Freedom Finance might well be down to US sanctions inhibiting banks lending to countries who are de-dollarizing. Kazakhstan publicly stated that was what they planned to do some time ago. Maybe it has had something to do with the problem - and possibly any other Western financial outfit that does not want to get on the wrong side of the US. I am probably wrong, but it does rather rhyme with what goes on in much of the world these days unfortunately. Chip
chipperfrd
23/12/2018
12:03
The Blackwill Trade purchase on the 17th Jan 2018 was also at 3p/share (200% premium!) for a total of £3.53m. So AR were being extremely fair with them as well as with their own convertible bond at 3p. I also believe that the 3p limit expires after 12 months. However, there is still a proportion of the convertible loan outstanding. It remains to be seen how AR will deal with that. If it were to be converted into shares at 3p again then that would be a very clear positive signal to the market. But, of course, they might require cash payment from the Altyn. We will have to see. The situation with Kemin is different. Their Nomad resigned at short notice and KEM elected to delist. Probably a good cost saving decision as they are purely an exploration outfit with extremely large Tungsten and Moly prospects (previously GMA). They are many years from production (if at all) and would require very significant capex to develop the first of their projects. Most likely (IMO) that they will either sell or JV to a big outfit (Chinese?). Chances are that they will benefit more by just leaving it all in the ground until the right offer comes along. Under the Russian classification system they have 1,522Mt ore containing c. 1,068Kt of Moly and 608Kt of Tungsten. The last time I ran a value check on all that at current prices it was very mouth-watering (over US$20B) - but their PFS indicated a required Capex of c. US$267m!!. Hence why a large operator is necessary to get it all started. Both ALTN and KEM have not been promotional in the least - in fact the opposite! So perhaps they are taking a very long view on both these companies. ALTN (according to the Deloitte CPR) have a Probable Reserve of 2.268Moz (4.09g/t) at Seki out of a total Resource of 5.1Moz (4.72g/t). And the drilling data purchased for the Kara field appears to show a potential 9Moz, although the long-awaited CPR for that project needs to confirm at least something at that project, although it is clear that the market puts no value on it at all. Because of the extremely slow progress on all these projects and the lack of PR, coupled with the heavy investment by AR, it does beg the question as to them having a very long view rather than the proto-typical mining company. But very frustrating for investors - that's for sure! Chip
chipperfrd
22/12/2018
23:36
Another Assaubayev vehicle, Kemin Resources(KEM) delisted recently. A very similar situation, so does not exactly inspire confidence.
bo doodak
22/12/2018
22:48
RT, Not entirely sure on this point, so would welcome clarity as well, but I think that the 3p limit might expire a year after the last transaction at that price (23/1/18)
bo doodak
22/12/2018
16:09
Thanks to Chip for that breakdown. On the face of it another 12 months wasted or treading water at best. Time for management to be held to account but when they own 70 % there in lies the problem.. Public communication is zero and yet the vast majority of shareholders know exactly what is going on !
vish65
22/12/2018
15:28
Chip/ Mattjos / et al There lies the conundrum IMO. AR have to date have put up £48.3M for their 69.8%. In February they initially agreed funding of an additional $15M from Freedom Finance for the expansion of production by purchasing additional underground equipment needed for that expansion. In the April statement the $15M funding position was muddied with them saying that the funding was being reviewed with two potential providers, but was as a result being delayed. In the August Half Year statement They revert to there being a delay due to Freedom Finance being unable to provide funds in the 'required timeframes' and the fact they were now looking at other options. Overall, IMO the comms around funding have been as clear as mud. Given AR have laid out $48.3M already, I would have thought funding an additional $15M should not be this drawn out or difficult. I remain a holder as per previous post, but at current prices this is priced for a bust. The question is whether at this point in time this is because the market hates junior gold stocks with extremely poor marketing capabilities that are based in one of the 'STANs' OR are AR aiming to delist ALTN and then get the assets on the cheap at the expense of the 30.2% of shareholders? I'm Not sufficiently knowledgeable about how or if they could achieve the latter, but my simplistic understanding is that if they were to go down the delist route at this point in time they would have to offer the 30% of shareholders a minimum of 3p per share (happy to be corrected from anyone more informed). I'm still optimistic that eventually this will come good, but IMO definitely v high risk with potential high reward. RT
roguetreader
22/12/2018
12:48
Mattjos, Give or take, it consists of the following: Initial offer for up to 60% of the Hambledon shares in the partial T/O ~ £12m Conversion of loan notes used to purchase Karasuyskoye Ore Fields ~ £17.25m Purchase of 358m shares in placing @ 2.175p ~ £7.79m Purchase of Blackwill Trade shares @ 3p ~ £3.53m Conversion of Loan Bond ~ US$10m ~ £7.69m So African Resources have laid out c. £48.3m for their 69.8% of the company. Current Mkt Cap £11.6m. Very significant 'skin in the game' and very poor return so far!! Happy Christmas Chip
chipperfrd
22/12/2018
07:54
mattjos, 1.A multiple of the market cap.DYOR. 2.They are trying to get funding-been trying for the last 24 months as per a few recent rns-you have ask your self why they cant get it. 3.They have contained the overheads quite successfully recently.Heavy volume yesterday from around 4pm-just before a long along holiday-with the share price ticking down-never a good sign.Wouldnt be suprised to see them delist/join jp jenkins. JP
jerrypike
21/12/2018
20:06
Research started here this week. A couple of questions please, if I may?How much have African Resources put in here for their 67% stake please?Why, seemingly on the verge of getting properly going, is the whole thing just dribbling along?With ownership so concentrated into one party & over 2Bn shares in issue already ... why are they even bothering with an LSE listing? Tia
mattjos
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
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