Altyngold Share Discussion Threads

[littlepuppi7] 20/11/2019 16:57

Nice one cl2201....

All looks nice and steady here TBH and I would not be surprised if it moves on agin Thursday / Friday into the 0.7 / 0.8 area...

EUA was a nice play at 0.5 but not at close to 4p.. It might spike to 5p but its had its rise IMO.

[littlepuppi7] 20/11/2019 16:55

Spread has been pretty good all day..

[excellance] 20/11/2019 16:42

Well I sold a few to add at Eurasia and rambler...no stock at rambler tho so no deal.

ALTN, EUA and RMM all firing on all cylinders now, very happy.

[wrighty46] 20/11/2019 16:28

And the churn here bodes well for the next leg up.

[wrighty46] 20/11/2019 16:26

Trade within the published spread its alot closer?

[cl2201] 20/11/2019 16:24

Managed to get the final few million I was after under 0.65 - happy with that.

[glavey] 20/11/2019 15:10

I'm sure this has potential, but my God, the spread is ridiculous!

[littlepuppi7] 20/11/2019 14:19

Well nobody can moan about the spread now!

[excellance] 20/11/2019 13:44

A main listing like any other is for access to capital finance. That immediate need appears to have passed with ths company able to borrow instead of dilute.

Directors have the votes to take this private if they wanted but presumably they have other plans.

[roguetreader] 20/11/2019 12:25

Steve
don't disagree with anything in your post. A number of people on this board have been scratching their head re the reasoning behind the LSE Main Listing since they undertook it in November 2014. Hopefully, the next 12 months will demonstrate through a change in approach from management (BOD) that it was the right choice and that the move was just a little early :).

[red army] 20/11/2019 12:02

Market makers in control again.

[red army] 20/11/2019 12:02

Market makers in control again.

[serialinvestor1] 20/11/2019 11:49

With an exceptional set of fundamentals, a significantly narrow free float, a dearth of willing sellers, a shrewd band of private investors going LONG, and with the two large BUY orders placed by WINS and SIG on Monday still active (see my previous post), expect the price recovery to continue unabated as the stock is currently materially mispriced.

[excellance] 20/11/2019 11:42

The point is, they are not using all trading data, just a select element, so the picture or chart is woefully inadequate and not fit for purpose.

Why do I subscribe here again?

[littlepuppi7] 20/11/2019 11:40

Well broker is quoting around 0.83 for 3 million shares now so things are really heating up..

[stevea171] 20/11/2019 11:03

With possibly 15 million oz of gold resource ALTN needs to move production ahead on an accelerating scale. The resource needs to start being capitalized instead of just sitting in the ground with a notional NPV.

If over the next 12 months (or less) ALTN can get production up to 50k oz and the share price follows x6 to 3.6p, or £90 million Mkt Cap they could then afford a capital raising and share consolidation. This assumes gold remains around $1500. If gold rockets in the next 12 months as expected then the share price could x10, x15 etc in this period of time so the same amount raised results in less dilution for holders.

What is the point of being LSE main market listed if you don't want to attract investment and raise capital? Higher borrowing would be an alternative. If the company is throwing off cash and meeting repayments there should be no reason why the Banks would not stump up another $30 million or so for expansion of the operation.

Taking the mill capacity from 80k oz to 100k oz may require just expansion of the crushing/grinding circuit to handle the extra ore which should be relatively low cost.

[tightfist] 20/11/2019 10:12

Hi,Point taken about potentially expanding the loan at 6%pa.......I would also like to think it's Eminently Achievable (but just look for example at the multi-year strife at ASX:MML if you want to see how bad management can be: mine vs processing imbalance can screw investments, and then underground congestion to name but two)..Maybe the limitation will be MANAGEMENT and their ability to deploy a pace of change.....rather than funding?.For it to become credible IMO we need to hear the plans F2F and press the flesh! tightfist

[jc2706] 20/11/2019 09:59

I went on the basis of 800k tonnes throughput as stated on a recent RNS as the target. In any case, if we go for 75k oz from 800k tonnes then they will need to expand capacity by a third to hit 100k oz. Without knowing the bottleneck it is difficult to judge how much investment this would take or the timescale although I would like to think that it was eminently achievable.

[littlepuppi7] 20/11/2019 09:51

Only around 500,000 shares available online now.. Looks to be getting very tight again...

[chipperfrd] 20/11/2019 09:43

Redtrend,

The original V.Deloitte CPR had an average Reserve grade of 4.11 over 18 years with an average recovery of 84% whereas the recent CPR had an average Reserve grade of 3.61g/t and a recovery of 83%.

Hence, at the current plant's maximum rated throughput of 850ktpa the recent numbers indicate c. 81.8koz pa without expanding the plant.

In addition there would be c. 145koz of silver which at the current 80:1 ratio would add another c. 1.8koz of gold equivalent pa. Although, arguably, the gold/silver ratio ought to be far lower by historical values.

[jc2706] 20/11/2019 09:36

Tightfist,

I haven't but it would be dependent on the gold price as to whether that was desirable. If you can borrow at 6% why wait?

If they get to 300k oz plus without further dilution from here then you can forget about a ten bagger. It will be much greater than that.

[tightfist] 20/11/2019 08:55

Hi JC, thanks - one doesn't get the impression that the Family are in any hurry! Have you modelled a scenario whereby they simply generate organic cash flow/growth and patiently build to 300kOz pa?.Obviously highly dependant on PoG projections and other assumptions, but would be interested to see the outcome.....

[jc2706] 20/11/2019 08:34

Hi Redtrend,

Maximum is approx. 77k oz by my calculations.