Altyngold Share Discussion Threads

[stockknobjockeyvanbookstino] 02/12/2019 17:55

Unconfirmed reports suggest $10m 3 year bond raise on AIX (Kazakh Exchange)at 9% pa to be issued 10th December following book building process.

Unconfirmed reports suggest management anticipates ramping up to 2mt pa within 6 years with an additional processing plant.

Further info being received and digested, will add info later.

[stockknobjockeyvanbookstino] 02/12/2019 17:37

Unconfirmed reports suggest $10m 3 year bond raise on AIX (Kazakh Exchange)at 9% pa to be issued 10th December following book building process.

Unconfirmed reports suggest management anticipates ramping up to 2mt pa within 6 years with an additional processing plant.

Further info being received and digested, will add info later.

[littlepuppi7] 02/12/2019 12:35

Some large buy orders showing on l2

[run12] 29/11/2019 12:56

His school lunch break is over.

[excellance] 29/11/2019 12:42

Where has little plums gone?

[vish65] 29/11/2019 12:23

As i posted before the £2m loan in March resulted in the 2 haulers being delivered in July. A lead time of 4 months.

We dont know exactly when the £17m loan was received (or even if it was) , so allowing for receipt and then ordering and allowing similar lead times then things may be on site in mid January 2020. Then there may be some commissioning and new people to train up.

In the mean time we have to rely on improved grade and the effects of the £2m loan. Not to mention whether the management can finally pull their finger out !

More patience required imv. Can't see a share price blast off/BOOM! Just yet

[stevea171] 29/11/2019 12:05

Different products and different jurisdiction but the connection between EUA and ALTN is that with decent news ALTN could take off in a way similar to what happened at EUA. So rather than ALTN going up a bit to 1p it could go to 2p or higher to make up for a very long run of being massively under valued and off the radar for nearly everyone.

EUA's rise from zilch is seen as a possible analogy for what should be possible here in due course with decent production news ...

If/when ALTN is producing 12k oz gold per quarter with AISC below $1000, I don't expect the share price to still be .6p but a significant multiple of that. I assume that is why everyone has bought in here and waiting for confirmation that the mine is stepping up production above the rate announced for July of 29k tons/mth

[jc2706] 29/11/2019 11:38

EUA has risen on the back of the prospect that an asset will be sold at a substantial premium to the value implied in the share price. AIM is not a great market for valuing assets so it is not unusual to see this. However, for me there is too much unknown about this process.

But I still don't see what the connection is with ALTN apart from fact that people keep dragging it in! I have zero interest in EUA.

[stevea171] 29/11/2019 09:30

EUA announces today the issue of a ton of new shares with warrant conversions.
EUA shares in issue goes up to 2.693 billion. Mkt Cap: £81 million.

ALTN mkt cap: £15 million

So EUA is capitalized at 5.4 times ALTN.

[excellance] 28/11/2019 19:18

You mean 53/58?

It's to do with liquidity, shares available to buy or sell. Basically there's not much of a market, and brokers font hold much stock.

Littlepup will explain cos he thinks a 10 or 15% spread is fine.

[highsandlows] 28/11/2019 18:18

Hi can someone explain to me why theres such a big gap between the buy and sell price please, im a new investor and this caught me out. Many thanks

[littlepuppi7] 28/11/2019 12:44

If your selling here excellance your even more stupid than I thought before. How's eua treating you.. last time you sold here you bought more there around 4p..

[excellance] 28/11/2019 12:02

Mnrg are a marginal play and they need cash. When look like they've got some cash I may pile in, but at the moment just a toe in there for me.

Come on littlepump, pump these a bit more so I can sell a few.

[jc2706] 28/11/2019 11:12

A Paul Johnson pump and dump vehicle.

[easwarareddy] 28/11/2019 09:16

There's a new boy in town... get in mnrg quick... news due within 2 weeks. Very low at moment.

[littlepuppi7] 28/11/2019 08:56

What's nice is altn seems ( fanous last words) to be holding it's rises. All points towards a breakout at some point. Stock is very tight online so when the buying comes, and it will, this will move quickly.

[texaschaser] 28/11/2019 08:05

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[stevea171] 27/11/2019 21:00

ALTN Mkt Cap: £15.4 million ($20 million)
Cost of the Teren-Sai data: $27.5 million
The company issued bonds to African Resources to pay for this acquision at 3p/share.

Re-post of 2013 RNS concerning the payment of $27.5 million for "certain historic geological information" relating to the now renamed Teren-Sai project that was the recent subject of a CPR on 14/10/2019.

The cost of this acquisition was a fortune at the time but was considered worth the cost and risk by the company.

"estimated resources of approximately 9 million ounces of gold and in excess of 16 million ounces of silver, with considerable up-side potential after further drilling."

Altyn has worked through the various project stages as outlined in the RNS and is now up to the final stage which was stated to be:

"Following the completion of the CPR, the Company expects to announce its strategy for bringing the Karasuyskoye Ore Fields into production using the cash generated by its existing operations. Initially, this is expected to involve the utilisation of the Company’s existing mining fleet and processing facilities, while the Company completes its medium-term investment programme to expand both fleet and plant."

Hambledon Mining = Altyn
Karasuyskoye = Teren-Sai project

04 October 2013
Karasuyskoye Ore Fields Transaction

Hambledon Mining plc (AIM: HMB), the gold mining and development company, announces today that it has entered into an agreement with Hydrogeology LLP, a Kazakh corporation active in exploration and geological research (“Hydrogeology”), to acquire certain historic geological information pertaining to the Karasuyskoye ore fields (the “Karasuyskoye Ore Fields”) for a total consideration of US$27.5 million (the “Consideration”) (the “Transaction”).

Highlights
 The Karasuyskoye Ore Fields cover an area of approximately 198 km2 adjacent to the Company’s current concessions and production facilities and offer the potential for both open pit and underground mining.

 Exploration drilling and testing by Hydrogeology, which has been reviewed by Hambledon’s technical team, indicates estimated resources of approximately nine million ounces of gold and in excess of sixteen million ounces of silver, with considerable up-side potential after further drilling.

 Information acquired will also form the basis of the Company’s application to Kazakhstan’s Ministry of Industry and New Technologies (“MINT”) for a production license covering the enlarged mining area.

o Assuming this is obtained, the Company intends to progress further exploration work on the assets in order to prepare a JORC-compliant competent person’s report (“CPR”) and from there move to production.

 Proximity of the Karasuyskoye Ore Fields to the Company’s existing assets offers the potential to exploit economies of scale and utilise, at least in the initial stages of production, its existing plant and mining equipment.

 The total consideration payable to Hydrogeology is US$27.5 million (c. £17 million) which is being fully funded through the issue of an unsecured convertible loan note by the Company to African Resources Limited (“African Resources”), the Company’s current 50.9 per cent shareholder.

Aidar Assaubayev, CEO of Hambledon, commented: “The acquisition is a perfect fit for Hambledon and, assuming the production licence is obtained, will allow the Company to significantly expand its operations and move into its next stage of development.”


Transaction Overview

Hambledon has entered into an information transfer and sale agreement with Hydrogeology (the “Information Transfer and Sale Agreement”) to acquire certain historical geological information pertaining to the Karasuyskoye Ore Fields which are located adjacent to the Company’s current operations in Kazakhstan.

The Karasuyskoye Ore Fields are an advanced exploration project covering an area of approximately 198 km2. Exploration drilling and testing by Hydrogeology, which has been reviewed by Hambledon’s technical team, indicates estimated resources of approximately nine million ounces of gold and in excess of sixteen million ounces of silver.

The Company expects first to use the information acquired as the basis for an application for the extension of its existing mining licenses, to cover the Karasuyskoye Ore Fields, from MINT. Assuming this extension is granted, and following the completion of limited additional verification work, the Company then expects to engage an external mining consultant to complete a JORC-compliant CPR on the Karasuyskoye Ore Fields.

Following the completion of the CPR, the Company expects to announce its strategy for bringing the Karasuyskoye Ore Fields into production using the cash generated by its existing operations. Initially, this is expected to involve the utilisation of the Company’s existing mining fleet and processing facilities, while the Company completes its medium-term investment programme to expand both fleet and plant.

[bmnsa] 27/11/2019 19:49

Deutsche Bank – Collapse is Imminent (Zero Hedge & The Atlantis Report)An increase in media newsflow on the potential collapse of Deutsche Bank is causing concern in financial circles.
• Zero Hedge published 'The Deutsche Bank Death Watch Has Taken A Very Interesting Turn' , opening with ‘The biggest bank in Europe is in the process of imploding, and there are persistent rumors that the final collapse could happen sooner rather than later.’
•
• We note the chart on Zerohedge that shows Deutsche’s share price vs Lehman Bros in the months before Lehman’s collpase
• Rumours have circulated in the city for many years about financial risk control at Deutsche Bank with a number of former employees privately unable to refute these rumours.
• Most rumours appear to focus on unconfirmed reports on the banks derivative positions which may run into ‘tens of trillions of dollars of exposure’ according to Zero Hedge.
• Deutsche has shut down most if not all of its equities business in an attempt to stem substantial losses.
• We also note Germany has recently changed its position on an EU banking plan and will consider EU-wide bank deposit insurance (FT).

• Me thinks this is a sign that Germany is looking to split the cost of a potential collapse in one of its major banks – wonder what the Greeks and Itallians might think about that?
• Policy makers will likely look for an orderly process to unwind positions held in any major bank collapse.
• US policy makers appreciate the damage done to the financial system on the collapse of Lehman Bros. with hard lessons learned from the Lehman Administration process.
• Banks have scaled down and largely exited commodity trading indicating to us that commodity markets are less exposed to a bank collapse than other trading counters.
• When Lehman Bros collapsed clients put funds into their LME brokerage accounts as we understand that no LME broker has ever failed to repay client money.


Conclusion: Physical gold is considered to be one of the safer investments to hold in the event of a major bank failure though gold ETF’s if backed by the failed bank may be frozen.
Stimulus programs following a major bank collapse are also likely to benefit copper and other metals as policymakers move to restore financial stability.

[brasso3] 27/11/2019 16:01

Just needs a trigger...

[bmnsa] 27/11/2019 16:00

Look at past chart history-
Feb-May 2018
We are in a better position as a company now,with news at any time.

[bmnsa] 27/11/2019 14:18

The old term of-

'Loaded and ready'

Because this will be a multi bagger IMO

[w1ndjammer] 27/11/2019 14:11

Think it will be different this time,just need some news now
for a proper breakout.

WJ.