Altyngold Share Discussion Threads

[chrisdgb] 27/2/2019 14:48

desperately need some news to give the market a steer...

[keepitsimple] 27/2/2019 09:27

500000 buy at 55p?! Looks like a large fat finger in play!

[sandeels] 14/2/2019 01:02

O/T

hxxp://www.helium-one.com/wp-content/uploads/2018/09/HeliumOne_CorpPres_Aug_18.pdf

[sandeels] 14/2/2019 00:56

Blimey skjvb, I remember Dofmeister from yeeears ago, good to hear from you again! You are of course right about the interim (i see I even posted at the time), senility and years of boredom here have combined to make me believe that nothing will ever happen.
And re gen lack of newsflow, I'm still somewhat concerned re the Kemin (KEM) debacle, which shared the same management as ALTN and has left investors floundering in the dark.
Neil Herbert however looks like a busy chap, non-exec (one of his many) chair of Helium One, with an ipo imminent, is an interesting one.

[stockknobjockeyvanbookstino] 13/2/2019 23:09

Thanks Sandeels, they did report this as at 31/08/18 stating no finance in H2 2018.



I know the Company very well, its a punt !! I was posting as Dofmeister back then, met the old MD's Nick Bridgen and Tim Daffern a few times. Never met the new owners and unlikely to do so..............

Small mkt cap for the resource and mine in place.

[stockknobjockeyvanbookstino] 11/2/2019 18:17

Had a little dabble here - I see Goldman Sachs are in for 3.3% and Deutsche Bank 6%, plus a few other smaller funds. Not much free float so price could rise significantly on good news. My 1,500,000 purchase lifted the bid from 0.5p to 0.6p! In for 2m now - recall selling 2m a few years ago at 2p when they got taken over.

[chrisdgb] 18/1/2019 11:24

OK, thanks regarding the update, was not aware we were due one.........hold my breath..!

[chipperfrd] 18/1/2019 09:01

Sandeels,
No, I have not looked into BLK.

[sandeels] 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!

[roguetreader] 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

[sandeels] 17/1/2019 17:16

Chip, are you aware of Blackham Res. (ASX:BLK)?

[sandeels] 17/1/2019 17:10

Can't wait!!

[chipperfrd] 17/1/2019 15:30

We are due an update any day now!

[chrisdgb] 17/1/2019 13:52

Everything I read at the moment is so bullish for gold............please....!!!

[timgw] 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!

[chrisdgb] 02/1/2019 08:42

At least the gold price is helping us, up 4.5% in last month......

[j4yjaybee] 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.

[chipperfrd] 24/12/2018 16:35

Happy Christmas all. Best wishes for a healthy and prosperous new year.
Chip

[sandeels] 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!

[bo doodak] 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.

[roguetreader] 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

[sandeels] 23/12/2018 14:57

Interesting posts, thanks all.
Frustrating indeed.

[chipperfrd] 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