Altyngold Share Discussion Threads

[colin12345678] 17/1/2018 12:04

As a holder of more than 3% African Resources Limited would be entitled to inside information, therefore they probably already know a decent funding package is on its way (probably a debt facility) that will not dilute current shareholders any further

[chrisdgb] 17/1/2018 10:54

Crucially if it is in the next 12 months, they will have to pay a minimum of 3p....

[babbler] 17/1/2018 10:54

1.35 to buy now... Tempting.

[babbler] 17/1/2018 10:51

Perhaps they plan a takeover...?

[roguetreader] 17/1/2018 10:48

Hmm.. looks like its lit up the share price short term at least, but then 0.9p is / was ridiculously cheap for where they currently stand in the development cycle IMO.

An interesting development, but I don't really know what it means to be honest (any views?). They have paid in my reckoning circa £3.5m for the 117,730,632 shares that were owned by Blackwill. Blackwill obviously wanted out and there was no way they could have sold that number of shares in the open market as it is extremely thin for ALTN shares. The interesting point IMO is that 3p per share is higher than the AR average cost per share to date if my calcs are correct (see post 60). So suggests to me AR are still fully committed to ALTN and believe in it, but then as a share owner I would want to believe that.
RT

[babbler] 17/1/2018 10:41

Surely financing won't be below 3p now

[babbler] 17/1/2018 10:35

What's the catch)

[babbler] 17/1/2018 10:33

Yes try buying

[chrisdgb] 17/1/2018 10:18

African Resources Limited, who is the majority shareholder owning 1,440,076,040 shares, comprising 61.69% of the issued share capital of the Company has purchased 117,730,632 shares from the shareholders of Blackwill Trade Limited at a price of £0.03 per share.

This is at a substantial premium of over 200% above the current share price.

Wow................................

[jerrypike] 16/1/2018 12:37

RT
agreed with what u say.Another thing to consider is the gold price against last year(around 1240)

[sandeels] 16/1/2018 12:00

...'The Company is in the final stages of negotiations to obtain finance from a number of interested parties for the expansion and development of the mine...The Company will update shareholders in the near term.'
Herein lies the rub and the wait goes on. Agree that this is a bargain, 4p by this time next yr?

[roguetreader] 16/1/2018 10:28

The RNS fully outlines the improvement from 2016 to 2017.
Looking at the changes from H1 to H2 2017.
- H2 production = 16,717 - 7,327 = 9,390 Oz for H2 - 28% increase on H1
- H1 had 3 weeks maintenance (none expected in H2) and there was a new LHD to assist ore production in May that would help H2 more than H1.
- Therefore H2 should have been better on the metric above and was, 28% up (tick in the box IMO)
- Ore grade was 2.08 gpt H2 v 2.70 gpt H1. I guess this was down to the ongoing development of the mine leading to a slight increase in dilution rather than a move towards higher grades that would be expected if and when the mine moves to a fully operational status (i.e. their Indicated Resource grade is 5.2 gpt).
- Need to see the financials when they become available to make sure they still have a tight handle on the short term position.
- IMO the results look to be as good as could be expected given the lack of long term financing needed to really get the mine development moving from a crawl to a jog.
- I still believe this is a bargain and huge opportunity at this price, but with the caveat that until the development financing we are not out of the woods yet.
- Nice to see that they are also slowly pushing Karasuyskoe along in the background.
RT

[chrisdgb] 16/1/2018 07:49

Well, it looks like a good update to me, this is simply the wrong price....thoughts on the exploration asset..?

[vish65] 12/1/2018 16:02

They wont want to release any news until the financing is sorted. If they did it would force their hand to comment on progress on financing which in itself would be an admission of failure as they planned to have it sorted by Q4.

I do wonder if they cant secure financing (for some trucks and movers) and they don't feel the need to communicate generally (with African resources holding 62% I'm sure the family are in the know) quite what they to hope to achieve with this LSE listing .

[roguetreader] 11/1/2018 17:51

Well last year we had to wait until April 2017 for an update on 2016 performance as was the case in the previous year when having to wait until April 2016 for a review of 2015 performance. Given the paucity of information emanating from management I wonder whether we will have to wait until April 2018 for an update on 2017 and will we get the status of financing arrangements targeted for Q4 2017 sooner than April 2018?

As ever I live in hope that this company (which is on the main LSE Board not AIM) will at some point burst into life and things will move forward at something greater than the current snails pace. If you compare it to how MNG have moved ASO forward in the last year, you can see what can be achieved where you have the money, the management and the will to deliver. If anything to me this looks to be a better set of resources than ASO's so I remain bemused by the lack of progress, where others seem to be steaming ahead.
RT

[timgw] 10/1/2018 18:51

Should see 2p then by 2020.....

[sandeels] 03/1/2018 14:55

Nice to see some movement in the right direction. OT, this just landed in my inbox, good to see someone paying some attention to Kaz. Happy NY to all.


Did you know that Kazakhstan’s natural reserves include:


38% of the world’s uranium?
30% of the world’s reserves of chrome?
25% of manganese production?


And that the government are investing $1 billion to aid exploration before 2019.


Kazakhstan is nearly the size of Australia, and has as much mining potential as Australia. The difference is the majority of Australia’s mineral deposits have been mined. Kazakhstan’s are waiting to be discovered.


Against this backdrop, we are delighted to be hosting Mines and Money Eurasia as a part of the World Mining Congress in Astana, Kazakhstan 19th – 22nd June 2018. Mines and Money Eurasia will bring you up to date with prosperous project opportunities in untapped Kazakhstani market to boost ROI in your natural resources portfolio.

[vish65] 27/12/2017 18:22

Leaks ? nope . Gold at $1286 lifting some miners

[timgw] 27/12/2017 17:45

No sign of trades to justify the price increase today. Looks like a leak.

[jerrypike] 22/12/2017 11:41

definitely moving ahead-about time!!!!

[sandeels] 18/12/2017 13:49

And looks like more buys than sells over the last mth

[sandeels] 18/12/2017 12:07

Hear, hear! I've added a few and still tempted, like RT just can't see this going bust - but what do I (or any other ill-informed shareholders) know. Lack of inf is dire and it's easy to argue that traders would want to push the price down on low vol if they believe in the upside opportunity. Best not to think too much about this one til we get news.
(Spicy) mulled wine anyone?