Altyngold Share Discussion Threads

[tightfist] 08/10/2019 08:23

Thanks! Timing is all-important; I was in Hambledon, Goldbridges, Altyn just a few years too early...... Will soon be forgotten.....

[123nigel] 08/10/2019 08:23

This will fall back by end of the day, profits will go back to Vast!

[littlepuppi7] 08/10/2019 08:19

One million-online buy limit.

[excellance] 08/10/2019 08:16

Looking tasty.

About time too.

[jc2706] 08/10/2019 08:15

Just to add to the discussion around the increase in resources, the majority of this is due to the inclusion of material that is economic as a result of the increase in the gold price. If this was the only factor then I would shrug my shoulders somewhat but it isn't. They have clearly increased the confidence of the resource base as well through drilling which materially increases the value of these resources.

[jc2706] 08/10/2019 08:13

stevea171,

Just to correct something, as the RNS states:

"Mineral Resources are reported inclusive of Ore Reserves"

This is common practice. I confess that it opens up misunderstanding the way these things are reported but if you are considering the entirety of the resource, it is best just to view the resource statement (I don't tend to include exploration targets which have become far more common these days).

[littlepuppi7] 08/10/2019 08:09

Tight first I should say thanks to you for initially putting me into this gem.

[littlepuppi7] 08/10/2019 08:08

Agree they used very conservative gold numbers. For price.

[tightfist] 08/10/2019 08:08

Yes, same message! In Auction....

[littlepuppi7] 08/10/2019 08:07

Into auction this has got multibagger written all over it.

[sloppyg] 08/10/2019 08:07

Very impressed.

NPV of $415m using $1,280 POG only. M. Cap of c.$25m.

All about the execution now.

@JC - agree on asset sale was thinking the same that this is being primed for it.

No stock around this morning and just marked it up

[littlepuppi7] 08/10/2019 08:06

How is this a 15m mkt cap. Reality has to dawn soon these resources are vast.

[chrisis33] 08/10/2019 08:02

Terne-Sai CPR still to come too.

[excellance] 08/10/2019 07:58

CPR out.

Looks spectacular to me.

[jc2706] 08/10/2019 07:58

I agree that the most significant share price moving news will be about how the funding is stimulating a real increase in production.

However, focusing on the news today you cannot help but be impressed by the level of resources available at Sekisovskoye. The confidence level has increased for a large amount of gold and, generally speaking, valuation of reserves and measured resources are a lot higher than indicated and inferred resources (which are given very little value at all). Whilst the revised gold price has had an overall influence on the CPR, the company is clearly continuing to expand the resource base through drilling ("....the company..... is still aiming at increasing its resources base further.”)

Add to this, we are about to get a CPR for Teren-Sai which has been suggested will be a similar sized deposit.

This begs the question 'why?' The company has more than enough gold confirmed to keep production going at 100k oz for many years. It would support 200k oz for many years. The last thing it needs is more gold at this stage. Of course, Teren-Sai probably has certain exploration licence conditions which would require fulfillment. But Sekisovskoye doesn't require it.

There are only two reasons that I can imagine would account for growing the resource base:

1. Greatly increased production levels (beyond 100k oz)
2. Asset sale

Whilst the first is obvious I haven't given much consideration to the latter but for me the focus on increasing reserves and resources with greater confidence levels would suggest that the company wants to be ready for an asset sale.

[highly geared] 08/10/2019 07:49

Most junior gold companies would ‘die’ for this resource base. Just need a plan and wherewithal to dig the stuff out of the ground at the rate of 100,000-200,000 oz/annum.. and for the share price to 10-20 bag in the process. The macro environment for buoyant gold price is there so no excuses not to make this happen...

[2prsimo] 08/10/2019 07:46

That is an excellent cpr - newsflow is improving by the looks of it

[chrisdgb] 08/10/2019 07:43

Really nice to see the positive progress here gaining traction.......

[tightfist] 08/10/2019 07:21

Super RNS and Agree with your sentiment; what we need to see shortly is a plan for funded expansion against which we can assess that progress quarterly.

[homebrewruss] 08/10/2019 07:16

We'll see..
Nice to get the cpr. should increase confidence in the company somewhat but what would be great are updates on increased production as progress is made.

[littlepuppi7] 08/10/2019 07:06

What an rns!Also the projected mine value. This is going to fly. Altyn CEO Aidar Assaubayev commented: "The report on the Sekisovskoye deposit updates and confirms the world class resources of Altyn. While the company is well positioned to capitalize on this base by growing production, it is still aiming at increasing its resources base further."

[littlepuppi7] 07/10/2019 09:32

L2 looking nice this morning. Grabbed another 90,000 odd... Not many available.. This shoots up soon.. Gold price also supporting.

[jc2706] 04/10/2019 11:15

The lenders will be meeting the company on a regular basis so it is hardly surprising that they are kept abreast of the situation.