Altyngold Share Discussion Threads

[roguetreader] 02/9/2019 09:49

Negatives:
- Very disappointing production figures.
- Financially, continuing to operate on a shoestring and wholly dependent on AR.
- The BOD's news flow on mine progress to Shareholders continues to be bordering on the non-existent, apart from the updates via statutory reporting.
- The new CPR FOR Seki is a positive development, but no details as to what BOD's drivers are for producing it (I am assuming it is to help garner further financial backing and external investment in the company?).
- Until proper funding achieved, production hiccups likely to continue and financial performance will potentially remain difficult.

The positives to take forward are:
- Cost management, not sure how they are keeping op costs as low as they are. Maybe kicked some costs into the accounting long grass for the AR?
- The fact they are producing CPRs for both Seki and Teren-Sai (Kara), means BOD are positive, looking forward and invested in both projects
- 28000 tonnes in July shows what can be done even without additional investment.
- Funding appears to be getting closer (where hopefully gold at current prices will be a clincher?)
- The current share price even with all of the negatives is a bargain on the probabilities IMO, IF you are prepared to take on high-risk.

Positive / Negative:
AR's convertible bonds now stand at $2.2M. As of this report the potential number shares to be issued if converted is 198M shares. This works out at approximate 1.1p per share. More than double the current SP, but roughly a third of previous 3p conversion rate.



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[excellance] 02/9/2019 09:47

Confirmed breakout!

We all know the background to this, and the current state of this business, but it's what happens next that matters most now.

Loads of transformational news is coming over the next period of just a few weeks that should catapult this little gem into ths top league...

[vish65] 02/9/2019 09:41

Thankyou Chip.

[chipperfrd] 02/9/2019 09:04

Vish65,

The Kara field (now Teren-Sai) is adjacent to Seki - so ore transport should be no issue.

[tim000] 02/9/2019 08:54

I analyse the accounts in great detail. They did better than expected in controlling costs of sales, however much of the improvement (in G&A) had already been flagged in the 2018 Annual Report due to one-off costs last year not recurring in 2019. Given excellent cost control, improvements in production will improve profits in H2 to a greater extent than I had assumed. Moreover, the low production in H1 means that all of the highest grade ore bodies will be mined in H2 while the pog is higher. So I agree that the outlook for H2 remains very positive. (One other minor positive is that sales in H1 were slightly less than production, so inventory increased which will be sold in H2.)

[vish65] 02/9/2019 08:49

Teren-Sai

Anyone know...has Altyn said if the ore here can be economically transported to the seki plant (wirh possible expansion maybe) or is this in a different part of Kaz altogether ?

[sloppyg] 02/9/2019 08:43

Pleasantly surprised with market reaction.

AISC reduction a big plus.

Somehow managed to be marginally cash generative in the first 6 months despite operational issues.

They are really expediting the 2 x cprs. I wonder if funding is conditional on them being produced as it seems a bit of coincidence that they are hoping everything will conclude in the same month - September.

[excellance] 02/9/2019 08:36

Advfn platform broken today, but altn up 10% on other platforms

[the_debt_collector] 02/9/2019 08:35

The company is undervalued and has been overlooked by the market in favour of other producers - it is a turnaround situation with nothing in the price to date - with 3 major news releases this month you can expect to see a strong rise in the share price.

No reason why this will not be trading around 1.5p - 2p in due course, at 2p the market cap would only be £50m

[bo doodak] 02/9/2019 08:32

Broadly good, but more patience required.

[jc2706] 02/9/2019 08:20

Horrible production figures and yet they still managed to generate cash according to the statement! If I were an outsider looking in at the financials I would probably think twice. Net current liabilities look terrible until you see that this was pretty similar last year.

The company continues to operate because it is supported by the major shareholder. Without 'the family' it would be in substantial difficulties. And yet it is probably other actions by them that have resulted in those difficulties.

Anyway, the past suggests 'run away' whilst the now suggests 'might be interesting' and the future suggests 'very interesting'.

Personally if you choose to be optimistic about the future and I do (despite the history!) then the two biggest pieces of information in this report are the fact that they mined 28000t in July (more than any other month this year) and that they are increasing grade, including targeting much higher grade ore bodies.

Financing is key to moving this decisively forwards but the two additional pieces of news coming soon (both CPRs) should keep things interesting. If you believe that the company can deliver, and the evidence isn't entirely convincing, then this will be the best performing gold producer I believe.

[qazwsxedc69] 02/9/2019 08:16

Need to remember these are unaudited....Fall in AISC a pretty substantialImprovement. Would have like more detail on that.

[wrighty46] 02/9/2019 08:15

Poor operational performance but overcome and July onwards looks very good indeed. September is going to busy with newsflow. The company is within touching distance of making some very good cash actually they are now imo. GLA

[jerrypike] 02/9/2019 08:06

looks very encouraging to me...am very excited that there are 2 Cpr"s coming in the next few weeks.Presumably at Kara they are looking to start an open pit mine very soon-already have test production ore available.Just cant quite figure out why they are doing a CPR at "Seki"

[chrisdgb] 02/9/2019 08:03

Forget the history, the production levels in July and the exploration results mean a bright future.......oh, and the gold price!

[mikro1] 02/9/2019 08:00

For me this is excellent. As mentioned H1 would not have the increased gold price or increased production, this should come in H2. But for me 3 things stand out
(1) processed 30,000 tonnes in July ie a 50% increase
(2) still expecting finance to be agreed in Q3 ie this month
(3) much better AISC and this was achieved on lower volume
This bodes very very well for H2 if delivered

[wanobi] 02/9/2019 07:46

ALTN progress is slow, but they seem to be headed in the right direction to me,, if the market see's it the other way and the share price tanks I shall take some more :-) Cheers Wan :-)

[wanobi] 02/9/2019 07:46

ALTN progress is slow, but they seem to be headed in the right direction to me,, if the market see's it the other way and the share price tanks I shall take some more :-) GLA, Cheers Wan :-)

[kcowe] 02/9/2019 07:45

possibly .. but I dont think anyone believed the first half would be of note .
market is forward looking as the debtcollector says . plenty to look forward too in the next month .

[excellance] 02/9/2019 07:42

Poor h1 performance, but lots of positives to look forward to.

[brasso3] 02/9/2019 07:42

maybe cheap going forward but will be marker down today IMO.

[kcowe] 02/9/2019 07:18

Looking forward with improved tonnage and grade , 18500 oz anualised .. cheap as chips
at this price .

[the_debt_collector] 02/9/2019 07:17

2 x CPR's and news on financing by end of this month - much improved production and gold price in July, the market is a forward indicator !!

[tim000] 02/9/2019 07:02

OK, so disappointing performance again. Hopefully July is the start of the recovery.

[tim000] 02/9/2019 07:00

Yes, obviously H2 is going to be much better than H1. But the gold price is relatively immaterial in the comparison. Throughput and grade improvements are much more significant arithmetically. On both there is the potential for upside/downside news in H1, since obviously we have no idea what has been happening. You're probably right on financing, although the discussions have been ongoing for a long time. I guess the detail of the agreement will have been finalised already.