Altyngold Share Discussion Threads

[jammydodger1] 04/12/2019 17:15

Tonight you people need to research ALGWBIG PLANS 100,000,000 million. Credit facility about to be approved and signed by a leading UK asset managerMcap of this company is only 5m nowWill be multiples And way past 20pDnt be left out in the cold

[sloppyg] 04/12/2019 17:06

[e-mail] bounces back as undeliverable.

So a new prosepctus issued and there is no way at all to contact the company.......

[stevea171] 04/12/2019 16:36

Homebrew. Thanks. wrt the bond issue, it's not that they are too busy!

The London number is on the RNS, meaning the CFO is supposed to be there taking calls and queries from shareholders, institutions, press etc.

Draw your own conclusions .....

Altyn Plc

Rajinder Basra, CFO [phone]

[homebrewruss] 04/12/2019 16:30

steve, I tried a different number yesterday (0) 207 932 2455 (on some older RNS's) when I got through to reception for their (old) office and was told they no longer have an office there.

The other number both you and I tried is engaged could be due to the bond issue, or perhaps permanently engaged until they relocate office - no idea.
I also discovered today they are no longer using VSA Capital Limited (and it's dropped off of recent RNS's).

They will be busy with the bond issue so perhaps worth waiting to see what comms we get following it's close and follow up further then assuming the situation is still unclear.

[sloppyg] 04/12/2019 16:25

Yes have also emailed the company at the Info address.

They either think it is unbelievably obvious that the 17m loan has already been received or are obfuscating the issue.

My instincts suggest the latter but hopefully completely wrong.

[sclper] 04/12/2019 16:23

I think the bonds are attractive to the company as the principal is not repaid until the end of the 3 year term.

The bank loan involves regular repayments of capital. So if the bonds get taken up the company won't draw down the full $17m bank loan.

[stevea171] 04/12/2019 16:19

Homebrew. I prefer to go direct for now. thanks.

BUT .... Accidentally or deliberately it seems their London phone is permanently engaged ... ?????!!!!

as you have found out as well and confirmed.

?????
?????
?????

Anyone else like to try?

Altyn Plc

Rajinder Basra, CFO [phone]

[vish65] 04/12/2019 16:16

'Diversity its sources of funding' could well mean internal cashflow v $10 loan

Management could have made the situation clearer (re $17 loan) but decided not to.

We still have no clarity. Very disappointing

[stonefold] 04/12/2019 16:13

I think that currently they are likely to be focused on getting the bond issue away.

Perhaps they will say more about the previous loan status, after the 10th when they will release an RNS to say how the bond sale went.

[littlepuppi7] 04/12/2019 16:06

It's a bond issue. It may or may not get taken up. We will find out soon enough... if it does this will really fly. Someone is buying big and that gives me confidence but let's wait and see.

[homebrewruss] 04/12/2019 16:00

KS it would seem so, I'm not sure it needs to although my question to the CEO today asked if the bond issue was to be in addition to the loan.
Perhaps the line 'diversify its sources of funding' answers that, I'm not sure.

One thought I did have is that the loan might have some preconditions about what it can be spent on whereas bond proceeds would not have so could be spent on anything ie working capital etc.

edit: steve, yes I've been trying that number too - same. It might be worth sending an email to [e-mail] which is the email address they added to the RNS about the new website asking for feedback.

[stevea171] 04/12/2019 15:58

Have tried to phone the CFO on the number supplied in this RNS to clarify the $17 million bank loan and other points but his line is continuously engaged.

Altyn Plc

Rajinder Basra, CFO [phone]

[bo doodak] 04/12/2019 15:57

Confidence in management resides primarily in open, clear, unambiguous communication. Altyn consistently fails to meet that criteria, to the detriment of all shareholders and the SP, except perhaps the main shareholder. Questioning why this should persist, given the mgt are not fools, seems a valuable exercise.

[jammydodger1] 04/12/2019 15:48

Guys apparently ALGW soon to have a 100m credit facility signed and share price will go ballistic Company is only 4m mcap

[king suarez] 04/12/2019 15:48

Are people expecting an RNS to specifically state "to confirm to share holders - funds related to the $17m loan, described as 'received' in the RNS dated 11 Sept, have been drawn down and are now sat in the companies bank account?"

[stonefold] 04/12/2019 15:47

Sid Plumber,
They are issuing 100,000 bonds, each bond with a Face Value of 100 USD.
Total Gross value $10,000,000

[jammydodger1] 04/12/2019 15:37

Guys apparently ALGW soon to have a 100m credit facility signed and share price will go ballistic Company is only 4m mcap

[bo doodak] 04/12/2019 15:35

Sadly, this RNS again leaves plenty of scope for interpretation; deliberately, or not. It could easily have added a line to clarify in precise language the existing confusion re ''received''

[sid plumber] 04/12/2019 15:33

What price are these bonds ?

[sclper] 04/12/2019 15:30

Sounds good to me assuming the bond issue is taken up

[stevea171] 04/12/2019 15:30

Altyn Plc Funding Update

04/12/2019 3:24pm
UK Regulatory (RNS & others)

Altyn Plc (LSE:ALTN) an exploration and development company, is pleased to announce the following.

In line with its effort to fund growth initiatives and diversify its sources of funding, Altyn is raising a 10 million USD bond on the Astana Stock Exchange. It's use will be dedicated to the company's capital expenditures.

The results of the book-building (4-6 December 2019) and bond terms will be announced at completion.

The Company will use its best endeavours to place the bond but there can be no assurances that the bond will complete

For further details of the book building please follow the link below :

hxxps://www.aix.kz/aix-market-notices/2019-11-29_02_market-notice-timeline-and-information-related-to-the-book-building-allocation-and-cash-settlement-of-the-altyn-public-limited-companys-bonds/

For further information please contact:

Altyn Plc

Rajinder Basra, CFO [phone]

[littlepuppi7] 04/12/2019 15:27

RNS...

Diversify sources of funding.. Seems pretty straightforward...

[littlepuppi7] 04/12/2019 13:52

Ive actually added around 500,000 today. I think it's a cracking buying op. L2 is stacked with 1 million buy orders..

[jc2706] 04/12/2019 12:55

The irony of someone criticising another poster whilst pumping another share is not lost on anyone I am sure.