Altyngold Share Discussion Threads

[onedayrodders] 20/11/2019 08:27

Joined today, thanks steve for highlighting.

[littlepuppi7] 20/11/2019 08:17

Gold up another 6 usd. Pushing back to 1480.

[redtrend] 20/11/2019 08:15

Hi JC - I note your point 4 above regarding ALTN requiring to increase the processing capacity to achieve 100k Oz assuming reserve ore grade.

Sorry to be bit lazy as on move, but if they maxed out existing throughput/processing limits and you assume avg reserve ore grade, what is max production they could theoretically achieve?

[littlepuppi7] 20/11/2019 08:08

2 million available online but almost full ask. Only mum's on the offer. No sets. Overhang is gone. If it breaks 0.8 it's really going to motor.

[jc2706] 20/11/2019 07:53

Highly Geared,

We don't have to give away 50% to achieve the criteria that the NPV calculations are based on. The gold price is higher, the funding is in place (it will require more capex but this is envisaged from cash flow), the reserves are there and the target is 100k oz which is achievable without the need to start from scratch.

Arguably the two assets could produce 300k+ oz a year but that would take a lot of capex to achieve. They would have a choice of how to progress at this point. Sharing the load would perhaps lead to accelerated development.

[cl2201] 20/11/2019 00:11

Jeffery060 - As Redarmy correctly said, how can we be sure of anything? I can assure you, I am just a regular PI so there's no information I am privy to which makes the investment case better for me than anyone else.

A number of good posts above summarise why I invested heavily.

An existing mine which has the potential to significantly increase output - funded by a loan instead of dilutive CLNs and thereafter cashflows from the initial increase in ounces produced. This was the longer term box ticked for me.

Shorter term I am interested to see performance from the past few months and the remainder of H2. H1 results were not great, as expected, but July's output was looking far rosier - if that has been replicated over the past few months, added to a gold price achieved during the quarter being substantially higher than the average for H1 it could show compelling figures.

[highly geared] 20/11/2019 00:00

The NPV at current gold price is around £0.5 Billion. So c. 30x market cap.
For NPV to be valid there has to be a finance/development plan.
I’d be happy to give 50% away for a free carry if the assets are developed at pace.
It shows the potential here if a path to accelerate production or an asset sale is on the cards...

[littlepuppi7] 19/11/2019 22:52

I think i have only posted on Kefi and EUA.. Not double glazing.. They dont like it - and if you dont like it filter me.. But I have raised the profile here.. ALTN is a classic diamond in the rough.. You need to get the word out to a point so people find it.

[chrisis33] 19/11/2019 22:51

those NPVs are based on a much lower gold price than we see at present.

[mikro1] 19/11/2019 22:33

Welcome aboard all newcomers, momentum is building..

[excellance] 19/11/2019 21:55

I agree with everything said.

Eurasia was ths best value opportunity until a few weeks ago, but that has risen sevenfold, and may only quadruple from there.

DB funds rationalisation presented a brilliant opportunity here, and at 0.5p I loaded up big, and I can see this rising sevenfold easily in 18 months.

Eurasia is still my favourite but only because I know that inside out, but this is my number 2 holding now, and if Eurasia gets taken over I will be piling in here even more unless I miss the boat.

The only other similar alternative is RMM which is a copper gokd recovery play...but I'm not gonna ramp that on here...I like HZM too...dyor

[stevea171] 19/11/2019 21:19

Thanks RT and JC.
JC thanks for those points. Yes, I'm aware nothing is certain about production and when they might reach capacity would depend on where they are up to currently and what extra equipment they have purchased and installed since September.

Maybe they will update the market in the next few weeks?

[jc2706] 19/11/2019 21:09

A good summary stevea171.

A couple of points (doesn't detract from the quality of your summary!):

1. It is unclear whether blocks 3-8 and 11 have sufficient ore to satisfy 800k tonnes which means that the grade is an unknown

2. Regardless of knowing the grade I would be tempted to use the proven reserve grade to calculate potential production levels

3. I doubt whether they will reach capacity in 2020

4. They will need to increase the processing capacity to achieve 100k oz even at the reserve ore grade

In my opinion, this remains the highest potential gold mine on the London market provided they can deliver (I am aware that is a big caveat!)

[roguetreader] 19/11/2019 20:57

Cheers Steve, let’s see if they deliver.

[stevea171] 19/11/2019 20:56

Highly Geared. Glad you like. Altyn has bits of info all over the place which makes it time consuming to access some of it and evaluate the company.

They need to put a presentation together and bring shareholders up to date to supplement their new website.

[littlepuppi7] 19/11/2019 20:37

Jeffery you have to go a long way to find a better risk reward profile than here at this very low price entry point. Would he be piling in at 40m mkt cap in the current situation, probably not. But at around 12m it's a cracking buy.

[excellance] 19/11/2019 20:35

What anyone does with their investment is up to them, but of particular importance is the 70% holding by the owning family and what their intention is.

I hope the intention is to get these assets into profitable production then reduce their holding to other investors.

[red army] 19/11/2019 20:11

Jeffrey - How can you be sure of anything???

[jeffery060] 19/11/2019 19:48

Question for our good friend that bought a fairly large quantity today: What is the reason you are investing? And how sure are you that this will be a winner? Thank you!

[highly geared] 19/11/2019 19:28

Superb summary, thanks Steve.

[red army] 19/11/2019 17:42

Do we need the two threads?? Can we not have just the one??