Altyngold Share Discussion Threads

[littlepuppi7] 03/12/2019 08:11

1.5 million looks about the limit to share availability..

[leewink1] 02/12/2019 23:31

I'll wait for RNS on that, going the right way for now though.

[littlepuppi7] 02/12/2019 23:27

Bond is not issued yet.

[red army] 02/12/2019 23:03

Why no RNS today then???

[roguetreader] 02/12/2019 22:56

Cheers Stock........ excellent find, interesting times :)

[littlepuppi7] 02/12/2019 22:42

NP

Its starting to make sense now, the multiple million buy orders showing up on L2 just after lunch.. People are starting to try and get in now I bet...

The way I see it is that to really make a killing we need this ramp up and therefore need the capital..

That said, they should be able to just about cover costs with current production and they are sitting on some world class assets..

The mkt cap is 10m... It will take almost nothing to drive it higher... EUA has gone up 10 fold on speculation someone might buy it out (10m > 100m)

"Things" are clearly starting to happen here, biggest risk cited by the doc is the gold price, and that has been strong all year.

I expect we will see our buyers back again tomorrow and the 0.6 level will be a distant memory as people look to get in on this close to historic lows...


There is a lot to read but worth noting...


"As ore reserves are depleted over time in established gold and silver producing
areas, demand for gold and silver mining properties in Kazakhstan is increasing"

[sloppyg] 02/12/2019 22:40

...I suppose it does however beg the question as to why the loan has still not been banked as of end of Nov (prospectus date) if indeed they say they are still finalising it.

Anyway lets see....

[homebrewruss] 02/12/2019 22:38

2mtpa is close to 200,000oz pa depending on grade - certainly would be a serious ramp up.

[sloppyg] 02/12/2019 22:36

Thanks Pup missed that upon a quick read.

Showing some real intent to expedite development on all fronts then.....

[littlepuppi7] 02/12/2019 22:30

Also pg 13

In terms of financing the underground development, the Company will not be incurring any substantial capital expenditure
until further capital funds are raised under terms acceptable to the Company. The Company is currently in advanced
discussions with a Kazakh bank in order to obtain the necessary finance.

[littlepuppi7] 02/12/2019 22:27

From the prospectus...

The Company is in the process of finalising a larger loan with the bank. In addition the major shareholder has provided funds in
April 2019 to purchase further equipment in order to increase production.

So it is in addition to, they are going for a serious ramp up here...

[homebrewruss] 02/12/2019 22:22

The reason for the recent CPRs starting to make more sense.

[sloppyg] 02/12/2019 21:46

Thanks Stock.

So a 17m loan is "approved" end of Q3 and 2 months later this bond prospectus is issued for 10m.

A quick look of the doc makes no mention of the 17m funding which you would think would be a material fact for a potential bondholder.

Instincts are the 17m loan has fallen through and this is an effort to replace it.

Hope I am wide of the mark !

[vish65] 02/12/2019 21:16

sloppyg - my first thoughts awell

[stockknobjockeyvanbookstino] 02/12/2019 21:10

Here you go:

[sloppyg] 02/12/2019 21:04

Lets hope the bonds are in addition to the 17m loan and not instead of.

Interesting that Freedom Finance were the party whom they had a previous loan arrangement with that ultimately fell through.

Interesting times for sure.......

[brasso3] 02/12/2019 21:03

Surely have to RNS this in the morning.

[stockknobjockeyvanbookstino] 02/12/2019 20:57

I have the prospectus. Freedom Finance are running it. 229 pages.

[mikro1] 02/12/2019 20:14

Hi Stevea Thanks for the correction. I’m sure they should have informed the market but frankly that doesn’t bother me and I am delighted with the news as a shareholder. Looking forward to the market reaction should the book build be successful.

[littlepuppi7] 02/12/2019 20:14

As I posted earlier, suddenly a load of very large buy orders appeared on L2 around the 0.5 > 0.55 area.. They were very large blocks being bid for as well...

This all looks very very interesting.. Will be topping up tomorrow AM..

[stevea171] 02/12/2019 20:05

Mikro. ALTN is LSE main market listed. Not AIM.

I would put a large part of the 15 million traded last week on 26/11 down to insider dealings probably coming from a tip off from the Lead Manager of this bond book building which may be an international bank or stock broker. I reported here about the unusual trading at the time. I also believe the MM's are aware of this and have been accumulating stock ahead of a company announcement.

There must be a prospectus that Altyn has issued to accompany the bond issue on how the funds are to be used. This would be required for Kazak/Russian institutions and individuals considering applying for the bonds and should also have been provided to the LSE market.

[mikro1] 02/12/2019 19:35

Yes I can see it now by googling ‘altyn aix’. It is odd they haven’t announced it on aim but perhaps they are waiting to see what the take up is. If it happens it is fantastic news. They announced a while ago that they needed around 50 million to ramp up to planned levels. They raised 17 million and will probably make 8-10 million free cash flow in the next 12 months but that still leaves a gap. Raising 10 million via bonds shows they want to ramp up fast yet still avoid diluting shareholders. Fantastic!

[mikro1] 02/12/2019 18:29

Thanks for that update.. fascinating and quite exciting!