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% 1.10p 0.90p 1.30p - - - 10,029 07:15:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 16.0 -1.4 -0.1 - 25.68

Altyn Share Discussion Threads

Showing 201 to 223 of 225 messages
Chat Pages: 9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
13/8/2018
11:29
Chrisdgb Yes, progress has been painfully slow, but to date (previous update in April) there has been progress. I'm looking for this to continue with the half-year, but won't be holding my breath re them meeting all objectives i.e. it won't be a surprise to me if some or all elements of the financing have moved out again.
roguetreader
13/8/2018
10:39
So, not too long to the interims now...really need some newsflow as it is just guess work..the 3p looks a long way off at the moment...
chrisdgb
12/7/2018
11:23
SG, agreed. I decided a month back that I am going to wait until we receive an informed update, before I invest further. I see the current price as very low and a bargain, but IMO there comes a point, when concrete progress is required before further funds are put forward.
roguetreader
12/7/2018
11:18
Indeed continued radio silence is very frustrating. What is strange to me is that AFR have already invested significant resources, yet appear on the face of it, to be prepared to slow down u/g development whilst we await to secure a relatively small final tranche of funding to get us over the line. The flip side of course is that I am sure they would not let their investment to date go to the wall. All a bit bemusing and cannot work out if will regret not adding significantly more at 1p or not.......just about sums up the situation here !
sloppyg
04/7/2018
09:22
So frustrating................
chrisdgb
02/7/2018
16:51
Well AGM statement out, BUT zero update on progress, so looks like the we will have to wait for further news.
roguetreader
29/6/2018
18:17
Yep, looks like we will have to wait for an update......so nothing new there :)
roguetreader
29/6/2018
17:30
"Next week" has just ended. Hey ho.....
timgw
22/6/2018
15:13
The last two years have seen the AGM results out on the 28/06 - which has been accompanied by an update of sorts; 'hopefully' we will get something next week.
roguetreader
15/6/2018
13:14
It's a w. You're not alone and may yet turn out to be the best you've ever made. We live in hope...
sandeels
15/6/2018
11:23
It does seem to be very slow moving . . . . i've had these since they were Hambledon . . . one of the worst investments i've ever made . . .
its a worry
12/6/2018
15:02
Can't believe we are now under 1p on the bid.....
chrisdgb
31/5/2018
09:09
Would be lovely to have some positive action here...............!
chrisdgb
24/5/2018
15:50
News that the two toddlers Kim and Trump are no longer playing nicely in the sandpit, immediately added $10 per oz to the gold price.
stonefold
11/5/2018
15:36
I would take 3p to come out even!
timgw
01/5/2018
19:38
AR haven't chosen to bridge the (quite small) finance gap themselves. They surely can afford it. The continuing opportunity cost so far of choosing not to has been high given the G price. Tie this in with the paucity of updates, and as said, ongoing Karasuyskoe spending. One has to look for a rational reason. Delisting, at 3p or less has to be a real risk if by Q3 this finance gap stays unresolved. Hopefully this is not what AR intend.
bo doodak
01/5/2018
13:27
Good summary RT ! Like most, I am pretty fed up with the lack of progress and paucity of information supplied by the company. It is hardly surprising that the share price sags when they do the bare minimum in terms of updates and move at such a sluggardly rate to boost CAPEX. There are small positives in the 2017 report (eg. small +ve FCF and EBITDA) but progress is just too slow. I hope they finally secure the US$15m from Freedom and move a bit more quickly to set up an equipment lease deal (presumably with the Chinese?). I understand that the US has imposed some financial sanctions on Kazakhstan. I hope that has not been a stumbling block to obtaining their loan. Chip
chipperfrd
01/5/2018
12:07
IMO not a lot in the announcements that was not already available. The financing seems to have slipped further (Q3) for the underground equipment needed to produce the ounces, which seems strange to me in the scheme of things as surely the faster they get it financed the sooner they start producing cash!!? They have repeatedly stated that they need to get the right deal for the company, which is good, but if getting that deal takes an eternity then there is the ongoing cash burn to offset it as a negative. Where is the balance between the two? They are stringently managing costs whilst they get the financing sorted out for the mining equipment and have stated that AR will backstop any short term cash needs. AR are also intending to roll their outstanding loans into equity, which will further increase their percentage ownership (Not sure AR increasing their percentage ownership of the company is a good thing but without them Altyn would be struggling) They have made progress in the mine despite the lack of investment and the ounces are v slowly ramping up, which makes the delays on equipment more frustrating. The work on the Declines and the ore bodies appears to be in place ready to ramp up to 40K tonnes per month for Q3/4, subject to the equipment be available in Q3 (or thats how I read it). The wording of all forward looking statements (2018 production) is so heavily caveated against the acquisition of the additional mining equipment in Q3 that any 2018 forecasts are almost impossible. However, the indication as I read it is that the rate of ounces produced should be no worse than H2 2017 until Q3, at which point it will start to ramp up. That's IF they get the funding in place and get the equipment by Q3. Finances are on a knife edge in the sense that cash is $700K, Receivables have come down $500K and Payables have gone up $2M. The cash position would be a worry if it wasn't for AR backstopping the company. However, overall debt has come down and is not unduly high given where they are in the mine-life cycle. Given the financial tightrope they are walking, i'm not sure why they are spending anything on Karasuyskoe at this time unless there is a contractual / political reason to do so. Surely every $ at this time would be better spent on Sekisovskoye. I haven't looked at the Capex in any detail so I don't know if this has changed since they last published their forecasts. Overall a bit of a curates egg. They definitely seem to be progressing, but progress is so painfully slow at times I sometimes wonder if it will all grind to a halt. That said the risk reward here is enormous, so I'm continuing to hold, but not a buyer until they start producing profitable ounces. If they do that and actually meet their targets and timescales, then I'd be happy to double up. RT
roguetreader
01/5/2018
10:41
Regularly updating PIs would go a long way towards improving confidence and share price As usual, kept in the dark and fed on...
sandeels
30/4/2018
23:10
A contradiction in terms I would say; on the one hand stating significant funding still required to progress the mine and that there has been a shortage of key equipment but then go on to reference dismay at the disconnect between current share price and true value etc...... Wording is quite amateurish in my opinion and the lack of progress updates, given the move to main market, is very poor. On the plus side the potential still remains and directors still appear genuinely to believe. I have some concerns that AFR have agreed to back the business, in the event of funding difficulties, yet have still allowed the equipment shortfall to materialise. High risk, high reward potential remains in my opinion......
sloppyg
30/4/2018
22:22
Any thoughts on the results?
jamdan1
19/4/2018
10:42
Did someone really sell 95 shares for a total of £1.05p minus costs? The REPORTED movements in ALTN take some believing - what's really going on?Cheers, tightfist
tightfist
18/4/2018
09:35
Nice tight spread this morning.
spooky
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