Altyngold Share Discussion Threads

[excellance] 09/9/2019 07:19

Website up and running, ready for increased hit rate. Now we just need significant news that will cause increased hit rate.

[tightfist] 08/9/2019 17:34

I am cautious as well, but if 28,000tpm can be replicated at on average each month at Seki and three-times over (2 new pairs of machines) then 1mt of ore is feasible IF underground workflow can be managed. IF this could be at a grade of 3.6g/t and IF recovery can reach 86% then we would have our 100kOz pa..... Pure hypothesis and lots of assumptions - but feasible?I note that the some of the recent early Capex appears to be assigned to the processing plant (mill, etc). What do we know about the capabilities, capacity and fragility of that? Judging by the highly-variable mine performance it seems that the existing equipment is on it's last legs......Good luck! tightfist

[wrighty46] 08/9/2019 12:32

Thanks chip, I also note that over the last couple of years improvements have been ongoing at seki. So if the funding does appear this month, I doubt very much it would take the full 3 years to substantially ramp up production. GLA

[chipperfrd] 08/9/2019 12:08

The 2016 forward strategy, based on the Deloitte CPR, was for 100koz pa by 2019 - so they are c. 3 years behind schedule. But the problem was always raising the initial development Capex required to achieve that target. However, perhaps that funding is finally about to arrive.

[vish65] 07/9/2019 21:00

BMNSA dont get too excited its supposed to have been 100,000 oz since about 2010. 😀.

20,000 oz has proved to be an insurmountable hurdle. (so far).

[wrighty46] 07/9/2019 20:15

Yup oh that's for seki only. Nothing for kara. We should be hearing very soon. Definitely imo we are now experiencing a clear change of strategy from the bod. GLA

[bmnsa] 07/9/2019 19:16

STRATEGY
Altyn Plc strategy is two-fold: continue developing the Sekisovskoye mine underground and increase exploration upside at the adjacent Teren-Sai deposit. Sekisovskoye underground mine will be developed over two phases.

Phase 1 is in the process of being developed and is planned to a depth of -50masl and is


### aimed at achieving an annual production of 1 million tons of ore per year and 100 thousand ounces of gold using a transport decline approach.###


This target should be achieved over the next three years as the company expands it mining equipment.


### Am I reading this correctly
100,000 oz per year further down the road !!

[chrisis33] 07/9/2019 18:00

What an improvement! Great to see the details regarding strategy and the info on the "about" page. It does a much better job of bringing the company's assets and potential to the fore.

[bmnsa] 07/9/2019 16:24

Thank you for your reply.I have had a good look at new web site and very impressed especially their past history section. Going forward looks amazing.

[wrighty46] 07/9/2019 12:36

There's been mostly net buying the last week or so. The big spread to me means the mms didn't want to move the share price Friday until they'd completed a couple of sell orders being worked. Probably bought from lower down. Doesn't really change alot from now as all in the price. Expect alot of resistance at the obvious 1p area if we get there before news but once overcome 2-3p is my target with the expected newsflow. GLA

[bmnsa] 07/9/2019 12:08

What I can't quite understand is why the share price did not fall Friday as sells well outnumbered buys.

[bmnsa] 07/9/2019 12:06

Bought a wedge this week thanks to an O/T mention on another thread by a poster from here.
Looking forward to the story unfolding:)

[wrighty46] 07/9/2019 10:31

Could have a couple of extra news releases to be added over the next week or so. And an upto date website that will cater for new investors to do a bit of research. Looking very promising imo. Looking forward to next week. GLA

[wrighty46] 07/9/2019 10:23

A quick glance and it does look very good. Will have a proper look over the weekend.

[roguetreader] 07/9/2019 10:14

New website up and running

[tightfist] 07/9/2019 07:55

With two significant CPR's flagged for Q3 they are probably correct! Bring it on is all I can say; I have waited a very long time for this set-up with an increasingly communicative BoD in prospect?

[roguetreader] 06/9/2019 16:43

Just came across a great utility:



If you put in the URL for an article sitting behind a paywall or login, it creates an outline of that article you can view. I have used it on Bloomberg and Seekingalpha articles, seems to work.

RT

[tightfist] 06/9/2019 16:19

The RNS actually says from 9th September.... watch that space then?

[tightfist] 06/9/2019 16:06

Actual trades are around .66 to Sell, .695 to Buy this afternoon. A lot better than the Yellow Strip spread, though plenty enough to stop folk used to more liquid stocks!

[sandeels] 06/9/2019 13:39

Ah, the irony: just had a 'Mail delivery status-failure' back from the email address given in today's updated website notice.
Guess not active yet so will resend to existing.

[jc2706] 06/9/2019 13:22

The actual bid/ask is somewhat lower than the quoted mid would imply I believe.

[sandeels] 06/9/2019 12:49

Nice to see that the share price has stayed put today (...so far), Ag down nearly $1.5 in two days and a producer eg HOC down 10% over the samwe period.

[jc2706] 06/9/2019 12:28

I think that everyone would take $21m FCF at this point.

[next time lucky 19] 06/9/2019 12:14

A bit optimistic on discount rate considering the bank loan interest rate And gold price BUT showing at LAST some potential

[tightfist] 06/9/2019 12:11

Thanks Chip. Not bad for a current EV of £24m!Cheers, tightfist