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
  +0.075p +5.08% 1.55p 1.50p 1.60p 1.55p 1.50p 1.50p 450,523 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 12.8 -4.9 -0.2 - 36.18

Altyn Share Discussion Threads

Showing 26 to 46 of 50 messages
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Appreciate the comments, nice to see some volume rolling through..........
Gold miners up, Altyn down..................
I am still waiting and wondering...!!
I wonder when we will get news on the financing..??
Agreed RT. Capex required has now moved to the top of their previous quoted range at $30m. They do not want to be doing a significant fund raise at this share price given the dilution. I actually eased out of a fair few when the spread closed and got closer to 2p a short while ago. Still retain a significant position however. Belief in the long term story remains intact but history has taught me, rightly or wrongly, to keep powder dry and watch from the sidelines when material funding discussions are in progress.....
On the face of it good news, progress seems to be being made. As ever total lack of any detail around quantifying the progress made, forecasts for production or what the financing of $30m is going to be used for in the next stage of development. Given the share price is towards the bottom of a range it has been cycling between for about a year or more, it could be a good place to top up further.Personally I'm going to wait to see how the financing pans out before pitching in further.
AGM Comments: The project in relation to the Sekisovskoye mine is moving ahead as planned, with access to the portal completed and the processing plant operating with minor modifications, production is being extracted from ore body 5. Ore bodies 2 and 10 are currently being prepared for production to ensure a continuation of a reliable high grade ore feed into the processing plant. The initial capex requirement has been fulfilled but further capex and investment will be required in the forthcoming year as the underground mine is expanded. In this regard, a great deal of work has been carried out in the background, with the Directors actively marketing the Company to obtain the necessary capital investment to take the project to the next stage of development. The actual level of funding is estimated based on current forecasted cash flows to be in the region of US$30m. The Company is currently in discussion with a number of parties who have expressed an interest in financing the project. These parties have been supplied with detailed information and analysis in order to progress their appraisal of the project. We will of course advise shareholders as the discussions progress, and will of course move the investment forward on the most favourable terms that we can negotiate. The principle assumptions underlying our modelling in relation to our current mine plan remain valid. The price of gold has remained stable and we do not anticipate any significant changes from the current price, however there are indications that the demand and price of gold may increase in the future, but even at current prices and our anticipated cash cost the project will generate a very good return. In relation to Karasuyskoye area, the validation of the acquired geological data is continuing but the primary focus at the current time remains on Seki. Initial work undertaken at this site is encouraging, and I would remind shareholders this is a hidden gem for the future growth of the Company.
AGM a week today, hoping for some positive progress to help us push back towards 2p level.........
All should be well supported by the current leg up in Gold price.......
That target price will be nice.........
a nice buy advice from share prophets today-buy at up to 2.30 with a 5.75 target.
Obviously a set of results keen to bury as it's all about the future. Unfortunately Mr Market will pick up on 2 things. Firstly 9 month delays which in the grand scheme of things is nothing to worry about. More importantly though that they need funds,as we knew, to be able to continue developing u/g. Personally think it will be at the higher end of their expectations so $30m + imo. It appears that the mJor shareholder wants others involved now but they have not been forthcoming to date. We have proved an inability to service debt effectively (without support) so that avenue is likely drying up. It leaves equity and the dilution will be significant at these low share prices. Somehow we just need to get through the next 18 months when cash from ops can take over. I do however have concerns about the extent of dilution in this period.
Concur with that RT. We need some clarity on funding asap. The 2017 capex budget is not insignificant and will certainly not be self funded. One presumes, the default position will be further support from the owners but the company have stressed they are keen to get others on board. Already have a significant holding here and would add further but flying blind in the absence of more meat on the bone from mgt.
Good output for March combined with better grade. Looking to hold and add on dips here. Good luck all ;-)
Good looking operational update, all eyes on underground...........
Nice break out today.............
An interesting thought: maybe a bigger splash is planned for when VSA gave completed their "research note"?
sloppyg 'slow burner' sums it up! If Neil Herbert is looking to raise ALTN's profile, it's tempting to surmise that the emphasis on silver and lack of news re gold at Kara is part of a plan to create a bigger splash with a separate news release. They must have a clear idea of how the gold resource is shaping up and if it were below expectation wouldn't they've released that with the good news for silver?
Hi RT,Thanks. NH seems pretty well-rounded and well connected in the Resources sector over many years. Someone with his CV involved in a £35m cap. company is encouraging in itself?A glass half-full tightfist
Tightfist No, never come across him before, but a summary of his career history as on LinkedIn is as below: 'In 2015 Neil became Executive Chairman of Helium One which in 2016 established the world's largest primary helium resource. In 2017 he became Executive Deputy Chairman of Altyn plc, targeting a five hold increase in gold production to 100,000 oz for 2019 with a platform for continued growth. In 2014 he formed Siderian in partnership with trading group Wogen, investing in specialist metals and minerals. In 2016 Neil stepped down as Chairman of Concepta plc on its successful transformation into a medical technology company and of Anglo African Agriculture plc following completion of a major refinancing. He was also interim Managing Director & CEO of Waratah, reaching agreement on the A$22m acquisition of CSB Engage, the world's leading software provider of customer engagement and loyalty solutions. On his 2013 departure from managing Polo Resources, Investec Funds Insight wrote 'Under Neil Herbert's stewardship Polo returned $185m in special dividends following highly NAV accretive realisations and has strategically transitioned Polo's resource focus.'​ Prior to Polo he was Finance Director of Galahad, another investment group, which achieved an average IRR of 66%pa. Neil became Finance Director of its most successful investment which he took from a small start-up to a $2.5bn takeover in 2 years with Galahad achieving an annualised return of 167%. He worked with natural resources since joining Antofagasta during its 1990s transformation into a major copper producer with the $1.3bn Los Pelambres and $0.3bn El Tesoro mines taken into production. Following that he was CFO of gold explorer Brancote until its $0.4bn acquisition. His career began working with PwC, he is a Fellow of the Association of Chartered Certified Accountants and has a BA Joint Honours degree in Economics & Economic History. He has been a director of companies on the AIM, ASX, LSE, JSE and TSX.'
Tightfist Good to hear that Neil Herbert wants to raise their profile as their lack of comms to shareholders has made them more or less invisible over the last 6 months. I've never understood why they listed on the main board and then maintained such a low profile. RT
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