Altyngold Share Discussion Threads

[sloppyg] 04/12/2019 12:52

Red - yes under normal circumstances would tend to agree.

However when read in the context of the first para that the bank has just approved the loan then this could just be a case of the CEO referencing the receiving of this offer of funding etc.

Semantics maybe but still ambiguous enough for me to not be 100% clear if they have that cash in the bank......anyway lets see as if they have this funding and then the bonds on top its certainly a massive statement of intent.

[red army] 04/12/2019 12:44

Depends on the definition of received ie cleared funds

[redtrend] 04/12/2019 12:23

In the funding RNS of 11th Sept, in the CEO statement it was confirmed as the $17m being received.


Altyn’s CEO Aidar Assaubayev commented:

“The aim has always been to obtain the necessary finance at terms that are competitive and in the best interest of shareholders. After exploring a number of opportunities and an extensive due diligence period we are very pleased to update our shareholders on the funding received. This funding will, I am confident, provide a springboard for future growth.”

[excellance] 04/12/2019 12:02

EUA doing well today.

did littlepuppi7 dump these and disappear to create a new alias?

did his sick puppy die?

[stevea171] 04/12/2019 11:57

This share price collapse could be a factor in the take up of these bonds ie not exactly confidence inspiring with the share price reversing most of recent gains following the clearing of the overhang. Why did the book building extend from 1 day to 3 days at the last moment? Most likely because the indications were there was limited demand.

btw in the documentation I saw somewhere that the $10 million bond is expected to raise only $9.1 million for the company after fees (but the company pays 9% on the full $10 million). This $900k cut must be the easiest money that can be made anywhere for the institution involved.

[bsg] 04/12/2019 11:34

Maybe being on the market has served its purpose. Now they want it all for themselves.

[homebrewruss] 04/12/2019 11:28

I've got hold of the CEO's email address and have sent a message.
Let's see if I get a reply..

[onedayrodders] 04/12/2019 11:22

Lack of clarification from the company who MUST be aware of the confusion / concerns is appauling IMHO.

[tightfist] 04/12/2019 09:28

According to AIX we are due a Book-building and pricing announcement on the 9th. Out of interest, since the first listing 54 weeks ago, there are now 38 instruments listed on AIX, of which 25 are Bonds or Notes.

[jc2706] 04/12/2019 07:36

That was certainly my view. We shall see. I suspect that we will get a RNS saying something like:

'we are pleased to announce that we have raised $xxm through a bond issue.... Together with the $17m raised via bank lending..... golden future, etc.'

If the latter part is missing then I think that we can continue the speculation!

[wrighty46] 03/12/2019 23:44

The CEO'S statement at the bottom of the 11th September RNS. Says received. We shall see. GLA

[jc2706] 03/12/2019 20:14

Where there is an information vacuum, PIs will fill it with speculation and usually suspect the worst! That is pretty much what we have seen today. As previously stated, the company could easily clear this up with one RNS.

[homebrewruss] 03/12/2019 20:03

Doesn't it appear that much of the bond prospectus was written before they announced the loan and perhaps something they were working on alongside the loan which could explain why it's not in the document?

Also even with the loan weren't they previously guiding that they needed more than the $17m from the loan to fulfill their expansion plans?

All speculation, hopefully we get some good new detail soon.

[sloppyg] 03/12/2019 19:55

We don't know that Wrighty as they simply said it had been approved by the banks credit committee and the terms of repayment etc.

Yes there is a chance they have received it but it does seem strange that a bond prospectus a couple of months after this does not reference the material cash from this loan.

Past experience here suggests caution until definitive confirmation.

London office closure, AIX bond issue etc may point us in the direction they are heading with their main market listing or it may mean nothing other than what it is......

[wrighty46] 03/12/2019 19:22

If you read back through the rns releases the loan has been received and banked. Why are you all worrying? GLA

[mikro1] 03/12/2019 19:10

I am surprised and disappointed on reading the prospectus that the 17 million loan doesn't seem to have materialised.. Hoping for the best case scenario ie a successful bond issuance followed by raising the bank loan. But the number of unknowns are quite high now. On the plus side the gold price is high, the prospectus claims they are closing in on a bank loan and hopefully the ramp up in production in H2 has been significant. Lets hope for a positive RNS soon

[tightfist] 03/12/2019 18:54

Thanks for the update; I was thinking they were out by end October - in reality they still had some way to go - at that time!

[stonefold] 03/12/2019 16:49

Fund figures updated

DWS Osteuropa

from 17.78M on 30-09-2019

to 10.28M at 31-10-2019

[onedayrodders] 03/12/2019 16:49

Looks like my jinx has struck again here.

20% down ... you would think the company would be keen to clarify things .. seems v poor on the surface

[homebrewruss] 03/12/2019 16:45

Fyi, the Altyn London office listed on the website is no more - I tried calling earlier and was informed they are no longer renting it.

Make of what you will but it did seem a bit unnecessary when the company were looking at saving money elsewhere.

[king suarez] 03/12/2019 16:41

Worth noting that the bond issue is shorter dated (3 year maturity) with only interest payments until maturity date, when the whole principal amount is repaid.

The bank funding has a 7 year repayment profile, with principal and interest repayments split evenly over 7 years.

Just looks like ALTN (sensibly) varying the maturity profile of their debt with these separate funding agreements?

[chipperfrd] 03/12/2019 16:32

So, about £170k worth of stock sold. Not much in the grand scheme of things!

[red army] 03/12/2019 16:28

Holders running for the hills.

[cl2201] 03/12/2019 16:27

A million shares is within the scope of PIs, but the volume for the day and the round numbers leads me in the direction of a bigger player rather than lemming PIs. Perhaps I'm wrong and, the reality is, it matters not - whoever is selling have their reasons just as I have my reasons for buying.

[jc2706] 03/12/2019 16:23

A million shares is nothing and well within the scope of PIs. This feels like PIs panicking and bigger players sitting in the wings waiting to pick up the shares on offer.

There is little doubt that the communication of the company contributes enormously to these situations. But, then again, it is that lack of communication that has created the opportunity if such it is.

The current situation could be:

- great news as they get more funding to move to a more ambitious production profile

- good news despite the failure of the $17m loan because cash flow has meant that they are borrowing less

- bad news as they have not been able to secure the loan and have had to seek funding at a higher price from a source that will not provide the whole amount

Take your choice! The company could tell us in one RNS but, for whatever reason, choose not to.