Altyngold Share Discussion Threads

[stonefold] 05/12/2019 09:31

tightfist,

You don't need to have a twitter account to view those parts of that site that are public.

The email address shown is

[e-mail]

[littlepuppi7] 05/12/2019 09:11

Big buy orders turning up l2. I wonder if the soon to be new bond holders are loading up with cheap stock?

[tightfist] 05/12/2019 09:00

Hi Stonefold,.Thanks for the reply. From memory VSA came on-board in the same months as Neil Herbert and the Mining Plus amended development plan. For whatever reasons they never found collective traction and it has all become slowly unravelled, hence the new order that's being unveiled..I am not a Twitter accesser/user - if you feel able can you give some insight?.Thanks, tightfist

[jc2706] 05/12/2019 08:22

There are indeed red flags on this (as with many small miners). However, if there were no red flags I suspect that the market capitalisation would be more like £100m even with $30m of debt. The red flags create the risk and the opportunity.

[sclper] 05/12/2019 08:15

I don't think these bargain prices will be around for long!

[homebrewruss] 05/12/2019 08:05

There are various red flags with this share but are there any more than earlier in the year? Probably not.
On the plus side we've recently had two big CPRs, two possible sources of funding, increased production in July and a supportive gold price.

On the negative side, high family share ownership, unclear why listing is needed, inconsistent Comms from the company and problems contacting the UK contacts. Is this any different from before though?

How many here previously tried to contact the company or is it more that people are asking more questions about their investment now than when they first made it?

[stockknobjockeyvanbookstino] 05/12/2019 07:46

Given that Freedom Finance had previously agreed to underwrite a $15m bond issue at 8% last year, it will be interesting to see if they take up any of this issue, as per their rights in the issue document.

[bo doodak] 05/12/2019 00:18

HG - what is certain, is the pomposity of those who believe that they know which concerns are reasonable and which are not.

[highly geared] 04/12/2019 23:05

KS- the voice of reason...
Quite a few comments in the last few days and that still linger where it was starting to become a certainty they would delist and screw over PI’s.

[king suarez] 04/12/2019 21:56

It looks like such PIs are simply trying to talk the price down to me. That comment was stretching credibility, even for these BBs ;)

[jc2706] 04/12/2019 21:53

As I said previously, PIs will always speculate to fill an information vacuum.

[king suarez] 04/12/2019 21:52

You think that the gold price, today, being $20 lower than it was on 11 Sept, when the funding RNS was announced, 'might' mean that the ALTN BOD, who spend months arranging this $17m loan might have decided that they now cannot make the scheduled repayments on a loan 7 years into the future... that is some real sensitivity analysis there!

[bo doodak] 04/12/2019 21:49

Vish, sloppyg

Its almost like Clint Eastwood said - 'Do I feel lucky?' Well, do ya, punk?
That's seems to be what it's come down to.

And at the back of my mind is the management motives re the farcical circumstances around which Kemin Resources had to de-list a while back to consider...

[vish65] 04/12/2019 20:54

.. or issues with Altyn that they cant now meet the terms of the loan (!)

[sloppyg] 04/12/2019 20:51

Completely agree BOAny prospective bondholder sees a balance sheet with virtually zero cash in the prospectus and a comment saying there is no subsequent events. It would be in the companies interest to get the bonds through to highlight the funding. Like I said instincts are there are issues with that loan.

[vish65] 04/12/2019 20:51

Bo. Even if the $17m loan details were omitted, an 'addendum ' could have been added . But doesn't appear to have been

The capital element in the bond doesnt arise until 2022. Its feasible with the POG softening a little that Altyn themselves felt on reflection they couln't meet the terms of the loan and repayment scheule . Maybe some other internal operational factors have come into play which forced management to look elsewhere


Its all conjecture. I guess we find out on 10th.

[bo doodak] 04/12/2019 20:30

Can't get comfortable or past the fact there being absolutely no reference made to the $17M loan in the bond prospectus. This surely has to be a material fact for any prospective bond investors, and cannot just be omitted, whether approved and awaiting drawdown, or still to be drawn on.

Therefore, is it credible its a prospectus oversight, or has there been an unforeseen problem subsequent to credit committee approval.

[beerboy2] 04/12/2019 20:27

Ive also heard Algw is going to fly but DYOR

[vish65] 04/12/2019 20:15

HG - then you would expect its material enough to be mentioned within the bond prospectus. But its not.

The prospectus is dated 21st November. The $17m loan was approved ( not received ?) on 11th September.

[jammydodger1] 04/12/2019 19:44

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

[highly geared] 04/12/2019 19:42

The $17 million loan had received credit committee approval. Its therefore a given that the loan is in place and the money available for drawdown .
If the initial announcement had referred to a loan term sheet, that’s when it can go wrong if it fails to get through credit committee.

[nilla159] 04/12/2019 19:42

I have reluctantly cut my losses on this one due to poor management actions.
Also lost trust in the way that they conduct themselves, and have put my money into EUA hopefully their communication skills are somewhat more advanced as per their 2 rns' posted today.
gla

[jammydodger1] 04/12/2019 18:43

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

[stonefold] 04/12/2019 18:42

tightfist,

Perhaps VSA's advice on fund raising was not a good fit with Altyn's needs.

Try the email shown on their twitter page:


There is a Kazakhstan phone number on the bottom of their website if you have a call plan that makes that affordable.

Otherwise the next RNS should be around the 10th December.

[tightfist] 04/12/2019 17:50

Hi Stonefold,The USD currency denomination over three years must surely have its attractions if you live in the world of the Tenge - as well as the 9% coupon. With production PoG tied to the USD I guess we don't have a lot to complain about.Hopefully once the Bond B-B is announced we will hear more about their plans. However, dropping VSA, exiting their office?and not answering the phone is pretty deplorable - are they now non-compliant with a fixed term to get their house in order, or........Cheers, tightfist