Altyngold Share Discussion Threads

[excellance] 30/7/2019 18:55

wont matter if they go bust

[tim000] 30/7/2019 17:50

OK, but will any of those things affect the share price in the longer term? And they actually pay themselves peanuts, look at the AR.

[excellance] 30/7/2019 17:28

how hard can it be to update the website once a year?

how difficult is it to do a nice powerpoint presentation?

six directors?

i bet theres more directors than digger truck drivers!

i bet directors pay is more than the entire work force on site!

[excellance] 29/7/2019 18:44

free stock charts from uk.advfn.com

[roguetreader] 29/7/2019 16:41

Hi TF

Yes I still have a core holding of MML.

From research it is ‘my understanding’ that any offer from AR would come under the ‘City Code’ on Takeovers and Mergers, where these have a statutory basis within the UK. The Takeovers and Mergers Panel are referenced within the LSE Rules as the authority on such matters via the site below.



Within ‘The City Code’ document under the Mandatory Offer section F, paragraph 9.5 states:

‘An offer made under Rule 9 must, in respect of each class of share capital involved, be in cash or be accompanied by a cash alternative at not less than the highest price paid by the offeror or any person acting in concert with it for any interest in shares of that class during the 12 months prior to the announcement of that offer. The Panel should be consulted where there is more than one class of share capital involved’

The above sources are where the supposition in my previous post is extrapolated. To my mind assuming my supposition is correct (not guaranteed as the rules and legislation in The Code are complex and my interpretation could be incorrect) then it will be interesting to see what (if anything) is announced in the results at the end of July re debt conversion to shares.

If debt is converted to shares at 3p or even above 2p I would see this as being bullish for the minority shareholders, as to me it would indicate AR and the BOD’s focus is still on getting the company into profitability as a listed going concern and are not necessarily poised to try and get the remaining equity on the cheap. If on the other hand they convert at under 1p then all bets are off IMO.

Personally, I am not looking for or interested in a buyout at 3p, having been with the company in one shape or form from HMB, Goldbridges through to Altyn I want it to go through to full production and realise its full potential. That is why I’m still here.

RE AIM – I believe the Takeover rules are voluntary for AIM companies as they are not ‘Listed’ and would need to be drawn up and included as part of the initial prospectus as an AIM company.

RT

[jc2706] 29/7/2019 13:12

Indeed but I do sense the tide turning with the acquisition of the equipment recently combined with the rise in gold prices. We need some evidence of an increase in production on the back of the equipment and then, clearly, the new financing coming through but I do feel that there is at least some room for optimism compared with a share price that shows none.

[vish65] 29/7/2019 12:47

Thats the other issue. 100k ounces has been a target or wish for at least 10 years as LTH can probably confirm . For various issues 20k has been the best they can do.

If they want to fund partially from generated cash it means a stepped change they have yet to achieve and then consistently achieving it.

The jury is still out and the market will need convincing.

Great potential as always ....but...

[jc2706] 29/7/2019 12:19

It just hasn't been updated for a long time. If they had got the finances when they were aiming to then that was the target. Now I suspect that the target is around 20k with 100k oz shifting out to 2021/22.

[excellance] 29/7/2019 12:11

The website still says they target 100k Oz pa by 2019.

?

[chrisdgb] 29/7/2019 11:25

Very interesting, that would be hugely powerful..........!!!!!

[tightfist] 29/7/2019 08:11

Hi RT,I think we met on the MML thread a while ago? .A very interesting post, I will take a look at the Mandatory Offer rules when I get chance next week; out of interest do you know if the AIM rules and the the LSE rules the same? I have always been curious why HMB/ALTN chose the main board and higher costs.Good luck, tightfist

[roguetreader] 28/7/2019 14:13

In the Interim Report 2018, bonds to the value of US$9.7m were converted into equity shares for AR at a value of 3p per share.

In the 2018 Year End Results, the report stated - ‘It is the intention to convert the remaining shares and interest into ordinary shares’.

If when they do this conversion and ‘if’ it is again at 3p per share, then ‘my understanding’ is that this will underwrite any future offer by AR for the shares held by minority shareholders to a minimum of 3p for the 12 months from the conversion date. If the conversion price is at a different price from 3p then the new price will become the minimum price they can offer should they wish to take the company private over the following 12 months.

The above supposition is based around my understanding of the Mandatory Offer rules and may therefore not be correct. Does anyone have a more informed knowledge of what the position is or is my summary largely correct?

IMO if they convert the remaining shares and interest at 3p and my supposition is correct, then it makes the shares an extremely attractive bet over the next twelve months, given the current share price
RT

[sloppyg] 26/7/2019 12:21

To be fair to the owners that have always injected fresh capital at a decent premium to any prevailing share price at the time.

The other thing is that, having so much skin in the game, we have been protected to date from significant dilution which means that any upturn in events should see a significant re-rate. The flip side of course being the "go slow" approach to development of the asset.

[wrighty46] 26/7/2019 12:15

Hi jerrypike did you make the agm? And can I ask are you in contact with any of the bod?

[jerrypike] 26/7/2019 12:09

They dont execellance

[excellance] 26/7/2019 10:26

This may be family run but it's a PLC, so they are protected from personal losses.

I'm sure they pay themselves decent wages.

[stockknobjockeyvanbookstino] 26/7/2019 00:02

Huge potential......but I'm not sure that they are capable of running a mine......certainly not shown it to date here. Good management would sort this x10

[chipperfrd] 25/7/2019 19:58

Hi Sandeels,

Currently on vacation with the extended family so not making any time for shares.

But frankly my thoughts are pretty much in line with JC's post above (488).

Regards
Chip

[excellance] 25/7/2019 18:50

Nice rise into close, interesting trading again today.

[excellance] 25/7/2019 16:58

Now it's looking like a breakout

[sandeels] 25/7/2019 14:04

Chip - what are your thoughts?

[sandeels] 25/7/2019 14:03

excellence 487 - no.