Altyngold Share Discussion Threads

[excellance] 08/12/2020 08:32

Gold poured was about 3500oz again, giving an annualised projection of 15,000 oz.

We are all looking towards increasing production to double the current level, but the falling share price and trading volume suggests that retail investors are losing patience.

The surprise consolidation and name change was intended to attract new investors, but improved numbers will do that much more effectively.

I remain cautiously optimistic that ALTYN will deliver once the site upgrade phase is complete.

[jc2706] 08/12/2020 08:32

Highly Geared,

I agree with your thoughts regarding future potential. However, I don't think that the share price will respond to nameplate capacity AND ore mined AND grade increase. I suspect that it would respond to either nameplate or grade increase. Both could double production levels (together they could quadruple it) which would result in share price appreciation. The added factor is the price of gold kf course.

[highly geared] 08/12/2020 08:26

Until the mill is operating at nameplate and ore mined and grade increase ( to feed mill nameplate) , the share price will drift I’m afraid. It could be argued that the turnaround is taking more time than thought and blue sky will emerge next year, or that the current mining team aren’t up to it.

I’m inclined to go for the former but the market won’t cut them any slack. Either deliver in the next two quarters or get the for sale sign up...

[unabkxb] 08/12/2020 08:24

Anyone know what an excavator with a bouyancy macine is? Is it for working on soft / waterlogged ground? Any pics?

[excellance] 08/12/2020 08:16

The company has been granted a supplementary credit line of USD 7m from Kazakh Bank JSC. The loan is repayable in instalments over a term of five years at 6%pa. The loan will be used to increase processing plant output in line with the company’s plans.

Revenues increased significantly, up 38% quarter on quarter (qoq) driven by higher gold prices and the claw back of accruals relating to timing differences of the sale of production to the refinery from the previous quarter.

Average grade increased by 3.3% qoq. The Company expects further improvement in grades over the coming quarters given the ongoing mining and reserves uncovering works.

Delivery of a new crawler excavator which will be used for loading ore on portals 1 and 2 and crushing oversized ore.

[onedayrodders] 08/12/2020 08:15

All quiet here .. everybody busy selling ?

[jc2706] 08/12/2020 08:04

I confess that this looks disappointing to me. The grade is only improving very slowly and the mill is still operating way below nameplate capacity. I would have expected to see an improvement in both by now given the level of expenditure. On the positive side they are stockpiling ore so this should make production more predictable in the longer term.

But the real issue is the lack of narrative around the report. If they expect milling and grade to improve very significantly in the next couple of quarters then why not say it? Why not mention the bottlenecks and what is being done to remove them?

Unfortunately this is the norm for the company (even though the level of reporting has increased) and the reason why there isn't an awful lot of optimism built into the price.

[onedayrodders] 08/12/2020 08:01

Should steady the nerves but no fireworks IMHO

will still be a few who were just waiting to sell regardless but should start a good recovery from hereon but wtfdik

[mrmcnee] 08/12/2020 07:54

Not a bad set of numbers, revenue up 38% with improving grades forecast into the future.

Nothing in those numbers to warrant a near 50% drop in the share price since August.

[onedayrodders] 08/12/2020 07:52

Current low grades but improving message was very transparent in previous updates and they are delivering on that.Not sure if you expected them to suddenly find a different mine.Relieved more than anything else with today's update.

[excellance] 08/12/2020 07:39

The new equipment will allow less dilution of ore and therefore better grades going forward, but there was a backlog of ore to mill which means grade improvement will continue to improve over time.

Don't forget these are performing upgrades and site development works while at the same time trying to hit production targets.

Bottom line improvement, credit line extended so no finance issues going forward.

[nevgroom] 08/12/2020 07:37

This aligns with comments a while back regarding mill servicing in Q3. Big backlog of ore there so future looking bright.

[fiddling12] 08/12/2020 07:35

Quite relieved to finally get an update which shows increased revenues. Hopefully the additional funding will take it to the next level to get 30k+ oz of gold next year. Now is the time to perform and keep us shareholders informed in a timely manner!

[gregpeck7] 08/12/2020 07:35

Considering all the money they are spending to increase production I think they are pretty dreadful numbers.

[excellance] 08/12/2020 07:30

I'm happy with progress, the report suggests that progress is generally being maintained with revenues up significantly albeit due to accrual of previousky poured gold.

While the share price slippage suggested problems there clearly wasn't any problems, so relieved more than anything, happy days.

[golden prospect] 08/12/2020 07:28

Brasso3, a Q2 rubbish grade that increases by 3.3% for Q3 is still a rubbish grade imo

[brasso3] 08/12/2020 07:25

Golden Prospect

Did you even read the RNS?

Average grade increased by 3.3% qoq. The Company expects further improvement in grades over the coming quarters given the ongoing mining and reserves uncovering works.

[stockknobjockeyvanbookstino] 08/12/2020 07:19

Hopefully Mill will get going, it's processed 800,000 tonnes pa equivalent previously

[golden prospect] 08/12/2020 07:16

What a disgraceful way to report quarterly figures
Grades are rubbish and production is still very low.

Apologies if this does not fit with other views.

[michaelfenton] 08/12/2020 07:15

Decent RNS revenue up 39% and future prospects positive.

[nevgroom] 08/12/2020 07:11

Massive backlog of ore to be milled...........

[brasso3] 08/12/2020 07:11

The grade is sneaking up as well.

I don't think there will be many complaints about the update.

The loan is at a very competitive rate too.

[unabkxb] 08/12/2020 07:06

RNS3Q updateProduction down a touch but revenue up by more.

[cool hand kev] 07/12/2020 16:23

I'll believe it when I see it