Altyngold Share Discussion Threads

[highly geared] 07/10/2020 15:59

ODR - we’ve been up to $2080 before the pull back. Let’s see if the consolidation continues

[cool hand kev] 07/10/2020 15:45

Ticking Up :-)

[nevgroom] 07/10/2020 15:39

Stick 'em in the bottom drawer and get a nice surprise next Christmas

[nevgroom] 07/10/2020 15:39

They have no reason to rush things. They own 70% and they have no institutions to pressure them. For retail investors it is simply a case of patience. If you don't like it then you shouldn't really be invested here.....

[onedayrodders] 07/10/2020 15:39

Gold has recently tested the all time high $1923 three times now and failed .. perhaps we need another major dip sub $1900 to gain more thrust to get through next time.

Hope I'm wrong and it wont matter in medium / long term

[highly geared] 07/10/2020 13:03

Stevea171. Agree. If they cannot make it work in H2 2020, get the “ for sale” sign up and sell it to someone who has the operational and financial wherewithal to capitalise on the huge reserves / resources

[excellance] 07/10/2020 12:03

Which is why Q3 numbers will cause some excitement

[jc2706] 07/10/2020 11:33

I agree. The bottom line with the market tends to be cash. Generate cash and the market will throw most of its concerns out of the window.

[onedayrodders] 07/10/2020 11:26

If they can just dig it out the ground in stated increasing numbers, everything will take care of itself.

[stevea171] 07/10/2020 11:23

The market is not interested in excuses eg scheduled mtnce of the mill that was not declared at any time beforehand or during as it should have been if it was going to affect production. The market hates this stop/start approach the Assaubuyevs dish up and is only interested in metrics that have a bearing on profitability and bottom line progress:

Quarterly gold produced
Quarterly gold price attained
Quarterly AISC
Quarterly cash in hand
Quarterly free cash flow
Quarterly confirmation they are on track to meet production guidance or revised guidance. In this case there is no production guidance so no one knows what the hell to expect.

Until they start to come into line with the rest of the market, instead of being a one off maverick company who does everything the Assaubuyev way which is not transparent and patently has never worked they will be shunned.

I am a large shareholder but am losing patience with this bunch of amateurs.

[excellance] 07/10/2020 10:55

Broken trust with the market?

You mean the 154m bounty shares?

I guess they did what they had to do to get finance via bonds.

[stevea171] 07/10/2020 10:49

Hardly any volume at all.

Why is that?

Because they have broken trust with the market yet again despite appearing to have entered a new growth phase with $27 million of investment funds.

[excellance] 07/10/2020 10:11

Surprisingly little volatility

[stevea171] 07/10/2020 08:37

What is needed is for the company to release Q3 production before the end of October along with the rest of the PM miners ... and then to do likewise for each quarter to provide topical information and adopt present practice across the sector.

[vish65] 07/10/2020 08:33

To put todays RNS in perspective :

From the Half year report
"Extensive capital development was completed in the period lowering transport decline 1 to +178masl and transport decline 2 to +163masl"

Fron chipperfrd - 29 Jul 2020 - 16:19:25 - 3378 of 4363

Overall reserve grade at Seki is 3.54g/t from 33.48Mt ore (3.81Moz).

By level it is as follows:

Level (masl) Ore Mt Au g/t Au Moz
300-350 0.86 2.77 0.08
250-300 0.96 2.69 0.08
200-250 1.45 2.9 0.14
150-200 1.78 3.36 0.19
50-100 3.06 3.28 0.32
0-50 2.5 3.27 0.26
-50-0 2.87 3.99 0.37
-100 to -50 2.72 4.02 0.35
-150 to -100 2.34 3.83 0.29
-200 to -150 2.41 3.97 0.31
-250 to -200 2.51 3.81 0.31
-300 to -250 2.15 3.55 0.25
-350 to -300 2.39 3.59 0.28
-400 to -350 3.38 3.32 0.36

[onedayrodders] 07/10/2020 08:20

To be fair it's not really a price moving RNS IMHO

[pennstreet] 07/10/2020 08:18

No response to the rns!! This is frustrating

[stonefold] 07/10/2020 08:13

From their current understanding of the ore bodies in the mine, the deeper the ore the higher the grade of gold. So they are making good progress towards the more profitable mining zones.

[excellance] 07/10/2020 08:07

So far they've been limited to the upper low grade areas.

[tim000] 07/10/2020 08:04

"Positive momentum in ore production" doesn't suggest any detrimental impact.

[excellance] 07/10/2020 08:03

A poorly designed mine or complex ore system can restrict access to ore and limit movement significantly.

Ventilation and ramps are key

[tightfist] 07/10/2020 07:50

Just a quick word of caution. Elsewhere I have been invested the underground movement of waste development/expansion rock really did impact production ore flow for a long period. .That was a shaft mine - I guess it all depends on the detail of the underground logistics plan and haulage capacity?

[excellance] 07/10/2020 07:27

I doubt construction of ventilation or ramps disrupts production, and we built up stock piles for the mill in any case.

If the mill worked right thru Q3 then gold poured should increase significantly.

[stevea171] 07/10/2020 07:18

3 RNS's in 8 days. Altyn appears to be trying to sweeten up the market after a long recent silence following Q2/H1 production numbers killed high expectations and the share price

Is this new engagement with share holders in advance of reasonable results that can be expected for Q3?

[excellance] 07/10/2020 07:12

Material rns...

So the air blower heater ventilation is in place, and construction of the ramps is going on now.

This is material because good ventilation and ramps are both pre requisit for underground mining and are vital.