Altyngold Share Discussion Threads

[bmnsa] 12/9/2019 09:07

RMM has stalled

We are now on the move

[excellance] 12/9/2019 08:31

...and all the action moves over to RMM

[mikro1] 11/9/2019 20:30

Agreed, and then we can expect further increases in production as the loan is utilised. I bought more again today. I don't plan on selling any until it reaches 1.6 - 1.8. At that point i plan to sell a quarter of my holding and retain the rest as a free carry.

[brasso3] 11/9/2019 19:52

mikro

We already know production increased significantly in July and the gold price recently is much higher. Its a certainty that Q3 will far exceed Q1 or Q2.

[mikro1] 11/9/2019 19:38

The news a few days ago that the website had been revived was excellent in that it implies that the company will remain publicly listed for the near term.
The news today about the funding is simply superb - I don't think I have seen better terms for a loan to a junior miner for long time.
Now that the financing has been secured and given the big drop in the AISC announced in the last results, the company is now much less vulnerable to any drop in the gold price.
I anticipate this will double in the short term and could quadruple with a few positive announcements if production is successfully ramped up.

[excellance] 11/9/2019 16:33

But I'm confident that altn will rise significantly in coming days and weeks.

[excellance] 11/9/2019 16:32

Look at RMM go today...very nice.

[excellance] 11/9/2019 16:11

For me it's a done deal, but I'm only investing a few thousand pounds. If I was investing BIG money I'd want cast iron guarantees.

[sloppyg] 11/9/2019 15:35

I think that is a good point excellance which may in part explain the sightly subdued share price action.

The cash is not yet in the bank and may have a condition attached to it before release of funds. They previously had a loan agreed but it was pulled with the company citing unfavorable terms in the end.

In all honesty release of funds likely a formality given it has been announced but maybe the market treading a little carefully.

For me it is game changing news as the company had previously been priced to fail. Agree with others however that they now need to show they have the expertise to develop this asset to full potential and actually hit some projections in the meantime.

Potential though is staggering and clearly it's a vote of confidence from the lender.

[brasso3] 11/9/2019 15:22

From the half year report:-

Ore body 3-8 were further developed at the 200masl which will release 300,000t for future production, from exploratory drilling conducted the grade is expected to be 2.25g/t at this level. During the period extensive exploratory work was carried out with 9,000 running meters being drilled. Infrastructure repairs were also carried out with enhancements to the sewage system and the ventilation system. Improvements were also made to accessing the various ore bodies with access tunnels being completed between ore bodies 3-8 and ore body 11. This successfully linked the eastern and western flanks of the ore body facilitating the movement of resources between the ore bodies.

[excellance] 11/9/2019 15:21

Meanwhile, RMM copper/gold appears to have cleared their whale...

[excellance] 11/9/2019 15:20

The share price is very odd again today, clearly some huge whales under the surface needing to be cleared off, and once cleared we'll have the freedom to move higher.

The finance has today been "approved" but since no CPR has been released yet the loan must be dependent on a positive and acceptable CPR, and that remains to be seen.

When the CPR comes then presumably the cash will soon follow.

I would have preferred everything to have been released together.

[excellance] 11/9/2019 15:19

The share price is very odd again today, clearly some huge whales under the surface needing to be cleared off, and once cleared we'll have the freedom to move higher.

The finance has today been "approved" but since no CPR has been released yet the loan must be dependent on a positive and acceptable CPR, and that remains to be seen.

When the CPR comes then presumably the cash will soon follow.

I would have preferred everything to have been released together.

[stonefold] 11/9/2019 14:56

They were all issued via the same news publisher service BusinessWire. Probably a glitch with LSE's RNS database.

It is showing on another site:




As for Altyn's website, it may have got overlooked in the process of upgrading to a new website format.

Perhaps someone could email them with that and other issues on the website (typos and spelling).

[roguetreader] 11/9/2019 14:27

Is it me - the half year report (02/09/19) is visible on ADVFN as per link above, but is not on the LSE News Tab as an RNS or the Altyn Website?

[tightfist] 11/9/2019 14:27

Hi JC, SH, RT; You have all registered some extremely valid points that largely echo my thoughts. In particular dramatically changing direction from life as a cash-obsessed miner, the proven competences of the mine management team and the scope of the imminent CPR's. I am particularly hopeful that we see two fully resourced, costed and planned project proposals rather than just a re-statement and segmentation of resources (= Hope value?). As an LTH and optimist I also anticipated a sustained whoosh, but like JC I often underestimate the impact of quick-buck traders - it takes all sorts!dubian99,Take a look Back through the major RNS's spanning five years; Nov 2014 is one such Seki. CPR issued by Vermyn Deloitte.Cheers, tightfist

[brasso3] 11/9/2019 13:55

Volume should be above 40m today. That will have cleared out some stale bulls as discussed earlier.

[brasso3] 11/9/2019 12:45

I can get an online quote to sell 1.5m at 0.73p at present. The spread is holding this back at the moment.

[brasso3] 11/9/2019 11:31

VISH

Good post. I was invested in AAZ all way down to 4.5p as they also made mistakes along the journey but recently peaked at 175p. Its not a simple task to turn a big resource into a profitable producing mine but I would rather be in now on this one.

[vish65] 11/9/2019 11:26

The company has been producing circa 20,000oz for about 10 years now under a regime of tight cost control going back to Nick Bridgen's todays and the lack of availability of spares. You could argue the current management have taken that cost control to an even more extreme level. That in itself is fine but people get used to working in that fixed environment and it is very difficult ( speaking from personal experience ) to make a step change up and maintain it and continually grow. Its not just managing the ore but managing more people , extra shifts, more machinery , more maintenance and a growing variable cost base etc..

AIM is full of examples or new producers that just cant manage this and continually seek more finance for working capital and bridging loans etc.

Altyn have yet to demonstrate they have made that step up. Only time will tell and hence theres still a reason to be cautious. ( along with the new found optimism )

[dubian99] 11/9/2019 11:22

I am just musing, the component they and the mkt needed to progress in this case funds,presumably,did not exist yesterday, today it does, effect .. nothing,
but as i say i don't know the co or context,
that's all

[jc2706] 11/9/2019 11:03

I don't understand what you are trying to say dubian99.

[dubian99] 11/9/2019 10:53

Not familiar with this co, putting that aside, these AIM mkt events, re-rates, significant news etc, call them what you will, seem to get more generous every month,
0% this one,
surely

[wrighty46] 11/9/2019 10:44

Also good to see website updated. Risk reducing all the time here. It really is over to the company now to see if they can execute their plan. I really cant see it taking to long here to get things moving as alot of work and improvements have been carried out access ventilation etc. GLA

[jc2706] 11/9/2019 10:41

Whilst I have been around since HMB days, I actually hold ten times as much now as I did then so I have gone through the 'grief cycle' and actually feel like this is a positive opportunity!

I think that the concerns over capability to deliver are valid but I suspect that a regime of austerity over the last few years has taught them a great deal. Only time will tell whether the team are capable of delivering now that the operation has decent funding.