Altyngold Share Discussion Threads

[tightfist] 25/7/2019 08:29

Me too! Very strange transactions reported last night. Wait and see......

[jc2706] 25/7/2019 08:26

I think what I mean is that I haven't a clue what is going on!

[jc2706] 25/7/2019 08:25

I don't believe that this will go private. They have had years to do this and have shown no inclination to do so. I am also sceptical about this transferring to the bank potentially funding the operation. However, the trading has been odd over the last few days with several large transactions each night, some being reversed.

[platonl] 25/7/2019 07:20

As regards these massive off-book transactions, would it be too far-fetched a thougt that African Resources is transferring shares to Bank CenterCredit as part of a funding arrangement to be announced? Or am I dreaming?

[excellance] 25/7/2019 02:09

More likely a deal of some sort

[vish65] 24/7/2019 20:18

Volume was over 100 million on 19/7.with 78 million buys.

High volumes at the bottom usually signal something !

Maybe its going private .

[excellance] 24/7/2019 19:35

50m shares sold today at 2.56 pm
How extraordinary!
And the share price remained at 43/47
Bizarre.
Any explanation?

[excellance] 24/7/2019 18:21

I think the chart proves that. A measured, constant and relentless regime of selling, yet no holdings rns, very odd, but a picture says a thousand words,

[tim000] 24/7/2019 17:23

I suspect there's an institutional seller in the background, which is unloading shares as and when there is PI buying. Another reason for the lack of progress on the share price.

[tim000] 24/7/2019 17:17

Your third para is spot on JC. Unless people crunch the numbers they haven't realised just how transformational recent economic events have been for ALTN. Hence the buying opportunity until the company publishes its results (although I expect H2 to be much stronger than H1, partly due to the new equipment only recently coming online, and partly the recent increase in gold price).

[jc2706] 24/7/2019 17:05

Indeed. The combination of an unprofitable business, bank punitive interest rates as a result and what is effectively a family business was enough to put off the company from accepting the loans offered (incorrectly I believe as the benefits would have been transformational).

With production improving from the new equipment and the gold price providing a timely uplift to revenues, the bottom line should be looking a lot more attractive to lenders.

I am not sure that the market realises just how transformational this whole process could be to Altyn. The target production rate is 100k oz. Sure, it is a target but in large part it is one supported by both the ore body and the plant so it is actually one that is realistic. Both the target production and the ore body are larger (much larger in the case of the gold in the ground) than SHG or AAZ.

[tim000] 24/7/2019 16:53

The reason is that the mine has not been consistently profitable. No bank is going to lend large amounts of money to a consistently loss-making business. But the management seems to have been working hard to address that, eg converting debt into equity. It’s almost certain that the company is now very profitable. There’s a good reason why the company expects to conclude the bank finance negotiations in Q3. It’s not because they’ve been talking incessantly for a year.

[excellance] 24/7/2019 16:42

Why?

Because the bankers are greedy and always put horrendous penalties and subjective clauses, and often want offtake arrangements and hedging with mates in the city.

In short, if "we" can do this without dirty city money then that's got my vote even if it takes longer.

[roguetreader] 24/7/2019 16:21

They need a total of $47.4M to complete the underground development programme that has been slowly progressing for the last 2-3 years, however they are only looking to borrow $13M of this externally the rest they are looking to fund from cashflow. Their current market cap is £11.68M (approx $14.68M), so in terms of market cap the borrowings look quite demanding percentage wise. But given the mine is a producer, with practically no current debt, where the NPV for Sekisovskoye alone is $257M at $1200 gold and $325M at $1400 gold, the borrowings are peanuts and the total CAPEX required small beer. The question is why it has taken two years + to obtain funding (assuming they get it in Q3 - not holding my breath), when the case looks so good from a feasibility perspective.

[excellance] 24/7/2019 15:56

We are still struggling to break out from the long term down trend, but break out we will...or go bust!

The current price of gold, and medium term future prospect for ths pog are supportive in the sector. We know altn need a lot of cash to develop their assets into a viable money spinner but in the meantime can increase revenues with relatively small investment, ie the recent digger and dumper truck.

The cash must be gushing in by now!

[excellance] 24/7/2019 15:13

Or maybe not...lol

[wanobi] 24/7/2019 14:13

took another 500K today GLA Cheers Wan :-)

[tim000] 24/7/2019 12:23

Yes indeed, the NAV estimates at current gold prices are amazing. I suspect this is a coiled spring and some good news could see this do a RRE!

[roguetreader] 24/7/2019 12:15

The original CPR was published November 2014 as part of the Goldbridges prospectus document. Well worth a view for those who haven't read it and are interested in the detail. To my knowledge it has not been updated since or at least if it has it has not been published.

[excellance] 24/7/2019 12:11

This is defo due a move higher by end of this week.

8)

[excellance] 24/7/2019 11:48

Due a significant step up.

[wrighty46] 24/7/2019 08:21

They certainly keep everything close to their chests here. Skimming back through some research and I dont know what sort of timescales we're looking at but we are also awaiting CPR/ maybe jorc updates I believe.

[roguetreader] 23/7/2019 15:53

It will be nearest working day

[roguetreader] 23/7/2019 13:13

Interims due on the 31/08 - until then the only thing that is likely to drive the share price is the gold price. News update would be nice, but then that has been true for the last 4 -5 years; but outside of mandatory updates, news is like hens teeth here.