Altyngold Share Discussion Threads

[excellance] 01/10/2019 17:58

Spread appears to be 59/69

[littlepuppi7] 01/10/2019 08:30

It's 5 v 3 only mm's on sell side, some extra orders on buy side.. I think it's about to move up but let's see.

[wrighty46] 01/10/2019 08:26

Thanks for that. I've not had l2 for a few years now as gave up trading a while back. Good to hear strength is there in the background. GLA

[littlepuppi7] 01/10/2019 08:15

It's a small miner delays come with the territory . The other small goodies I'm in are also usually late so nothing new. L2 looks strong today. Not sure about that top up.

[jc2706] 01/10/2019 07:52

News overdue and ALTN is hardly new.

[wrighty46] 01/10/2019 07:45

Thanks for that brasso.Think a cheap top up may appear today. I'm not sure what I will do yet a top up below .6 if it appears maybe to tempting. I have no idea how this will play out over the next few days. News now overdue which is disappointing imo. Let's see what the next few days brings GLA

[bmnsa] 30/9/2019 20:43

High ask all day yet we are down

[tightfist] 30/9/2019 16:58

Yes, the bank must have been shown a lot of forward-looking information during the 'extensive due diligence" period which finally enabled them to loan at 6% over seven years.It remains to be seen how tight the ship can remain but surely the local bank will be keeping a close eye?An optimistically cautious tightfist

[jc2706] 30/9/2019 16:21

Highly Geared,

I agree but the false starts here over the years have suggested that scepticism is the best approach so sceptical optimism may well be the order of the day!

[kcowe] 30/9/2019 16:14

.60p top up would me marvelous ...

[brasso3] 30/9/2019 15:29

Just let me have my 0.6p top up please...

[highly geared] 30/9/2019 15:28

Surely, the vicious circle of poor production due to lack of finance has been broken by the loan announcement and that if they can run such a tight ship on low production, the future bodes well. Also, banks don't 'just lend' $17 million. There must be a business case behind the facility that is sufficiently attractive to warrant the loan.

Obviously the poor POG has probably deterred the ability to secure finance but with gold looking reasonable for the foreseeable, now is the time to execute the plan backed by finance...

[excellance] 30/9/2019 13:24

Very little liquidity obviously.

[jc2706] 30/9/2019 12:43

Tightfist,

I agree - pretty miraculous at these production levels. Cash costs are just above $1000 currently and I can only see this going down with rising production. Given how much production is projected to rise, it is hard to see how this reduction is going to be anything but large even if the purse strings are loosened.

Presuming that the agreed loan actually does get into the coffers the risk here is one of execution.

[jc2706] 30/9/2019 12:39

Not really fallen at all today. The spread is ridiculous.

[homebrewruss] 30/9/2019 12:11

The buy price actually hasn't gone down much at all - 0.738 now vs 0.76 late Friday.
It's just the spread has widened.

[excellance] 30/9/2019 12:09

Not a good day so far!

[excellance] 30/9/2019 12:02

Quite a fall today.

[tightfist] 30/9/2019 11:55

Hi JC,

To make it to positive cash flow on <6kOz on these low underground grades seems a bit miraculous? Obviously they have screwed-down on costs, but is it sustainable? We need to see a plan for expansion, then we can take an educated view on possibilities.

Cheers, tightfist

[jc2706] 30/9/2019 10:42

loganair,

Whilst the old adage of 'grade is king' has a strong basis in history, the company has actually been breaking even or better on very low production numbers as a result of very strong cost controls. In H1 they made an operating profit of $1.3m and FCF of $0.4m even though they only produced 5,561 oz during the period. Their target in the medium term is 100k oz. You can imagine that producing at that rate the cash/AISC costs will plunge.

So, whilst I would agree with the principal you state, the ultimate test is whether they can produce FCF and the indications are that they are doing so and will be producing a lot should their plans come to fruition.

[excellance] 30/9/2019 09:33

They also prefer family to qualified and experienced operators.

[loganair] 30/9/2019 09:16

Had a look at ALTN, what puts me off is the very low grade of the ore.

[tracy_moore] 30/9/2019 09:10

littlepuppi7, if I were you I'd give up for a while, the pumping isn't working.

[tightfist] 30/9/2019 09:08

Or that they have the foresight to identify the required additional competences and the network to hire sustainable people......