Altyngold Share Discussion Threads

[stevea171] 11/12/2019 15:32

Homebrew. I know you think that but unfortunately that is not the case. The phone number I used is on all the communications from the company for years, and the exact same one on the RNS of last week.

There can be no mistake. Basra was not prepared to field questions last week on the RNS he put his name to. So why is the company so devious and why is he running scared?

Basra has form. I believe this is not the first time he has let UK investors down.

[sclper] 11/12/2019 15:28

The company don't need to raise funds in London at the current time so probably aren't too interested in communicating directly with small investors.
Now the funding is in place I think we will receive an operational update RNS which sets out the plan for 2020. I'm happy to wait for that.

[cl2201] 11/12/2019 15:27

Steve - As mentioned, far too harsh of a conclusion based on what you want the company to release as opposed to what they are obligated to, but that's your opinion so fair enough if you adopt that stance.

Minimal research shows the company do not release regular updates to please shareholders, so not quite sure why you expected otherwise. As an alternative, there are plenty of AIM companies out there who shout from the rooftops and, operationally, amount to nothing. I'd prefer to see the pudding after it has been baked > we will find the proof in there.

[homebrewruss] 11/12/2019 15:25

Steve I think the issue with the phone line being engaged is ongoing and I'm more inclined to think it's related to them closing down/moving the office and not having updated the contact details in the RNS.

I'm not saying that's any better but just that I don't think Basra was avoiding answering the phone on a specific day.

[jc2706] 11/12/2019 15:19

I believe that the company have been clear about the finance required and what will be done with it. It was just so long ago that most have forgotten! But based on the communication of funding ($17m bank loan and $10m bond issuance) they are not far off the amount required to move the production levels towards 100k oz. Perhaps the rest can be sourced from internal cash flows which should improve dramatically at current gold prices and improved production levels.

The company could do a lot more with communication to improve the share price. The fact that they don't suggests that they don't currently care other than to ensure that there is no dilution.

[stevea171] 11/12/2019 15:15

ct. The post gives my reasons for reaching that conclusion. It may be harsh but it is justified.

I phoned Basra many times during the afternoon and up to about 8pm. Always engaged. Engaged at 8pm? Seems he is a very late worker and does in fact no work apart from make calls and doesn't go home at night.

Why would I waste any more time on him? He is obviously on the run from being found out.

[cl2201] 11/12/2019 15:05

@Steve171 - have you tried to contact Basra since 4/12?

'This company is sly like a fox and until proved otherwise not to be trusted.'

This is a bit of an harsh conclusion. No doubt communication could (and should) be better but just because their approach to the release of information is, let's say, limited, doesn't instantly mean they are not to be trusted.

If you were to invest in, say, an AIM-listed company they might well be able to wax lyrical about what they have and what they plan to do but how often does that come with death-spiral financing attached? A company which picks up $26m with no dilution to shareholders gets my vote over the former.

[vish65] 11/12/2019 15:02

I agree. Which is why i'm not buying more (even at this low price) until there is further clarification.

[stevea171] 11/12/2019 14:50

You can understand all the selling.

The company has had another opportunity today to communicate with shareholders, to clarify the loan position, the production since July, the plans for capex, etc etc but has failed yet again to do so. Just belatedly largely repeating the information available from the AIX.

They can't be straight with bond buyers about a $17 million bank loan, if it exists. They only advised the LSE about the bonds days after it was announced to the AIX. And now they can't clarify any of the outstanding issues of what funds they have, what they have been spent on, what detailed future plans they have for the funds, how and when this will affect production, etc.

On release of the RNS on 4/12 the CFO, Basra, took his phone off the hook for the whole of that afternoon and evening to ensure he could not be contacted and could not answer any questions. Why was that? What has Basra got to fear from answering questions?

This company is sly like a fox and until proved otherwise not to be trusted.

[littlepuppi7] 11/12/2019 14:37

Lol maybe I do!

[cl2201] 11/12/2019 14:18

I'm sure you have reverse L2 :)

[littlepuppi7] 11/12/2019 13:55

Kcowe, there are some very large buyers lurking on the bid (have been for a bout a week) with million plus share orders... I think once it "pops" it will really fly but we just need buying pressure.

[kcowe] 11/12/2019 12:54

best time to go all, timed follow the .. massive down trend , started in 2014 , continues till today , when that is breached , which will take a few months to do . lines of convergance and massive resistance is a telling pain point , will be breached
. its not happening now as pressure is bid lowest possible not chase stock.

[kcowe] 11/12/2019 12:38

I like this oportunity , but why has the bid on the stock always been a sharp contrast to the offer ? I am a holder .

[stockknobjockeyvanbookstino] 11/12/2019 11:49

Very tax efficient for investors in these bonds - 9% return and no income or CGT payable on this market in Kaza.

[red army] 11/12/2019 11:43

Yeah but has anyone bought any bonds for 9% income???

[littlepuppi7] 11/12/2019 11:36

Money will surely start flowing in here now.. Im lining up for my final million!

[stevea171] 11/12/2019 11:31

11 December 2019
Altyn Plc
("Altyn" or the "Company")

AIX New Listings

Further to the funding RNS released on 4th December 2019, Altyn Plc (LSE:ALTN) an exploration and development company, is pleased to announce that the first day of trading of the company's bonds on AIX ( Astana International Exchange) will be 11th December 2019.

The Board of Directors of Altyn said:

"The successful completion of our bond offering will allow us to continue to grow the Altyn business and will further diversify our sources of funding. We are very excited for what lies ahead and the opportunity to continue to develop our growth strategy."

The details of the bonds to be traded are detailed as below:

Security Name Bonds of the Altyn Public Limited Company
Symbol ALTN.1222
ISIN KZX000000286
Board DEBT
Instrument Type Bonds
Currency USD
Country Kazakhstan
Issuer Altyn Plc
Original Issued Quantity 100 000
Issued Quantity 100 000
Tradable Quantity 100 000
Issue Date 10 December 2019
First day of trading 11 December 2019
Face value USD 100
Issue Price 100.6473%
Reference Price 100% of the Aggregate Nominal Amount
Pricing Convention Percentage of par value / Clean Price
Tick Size Table 0.01
Maturity Date 10 December 2022
Coupon Rate 9.00 % per annum
Coupon Freq Semi-annually
Trading Volatility Band 5%

For further information please contact:

Altyn Plc Rajinder Basra, CFO [phone]

[homebrewruss] 11/12/2019 11:21

Great to have confirmation in an RNS and I like the 'very excited' comment.
I did send them an email this morning LOL

[red army] 11/12/2019 11:20

Chart suggesting .65p needs to be broken on the upside otherwise wedge forming.

[sclper] 11/12/2019 11:19

Shows how undervalued the company is at the moment. The institutions taking up the bond would have done plenty of due diligence

[sclper] 11/12/2019 11:16

Great news, 100,000 bonds at $100 each issued at a premium price

[littlepuppi7] 11/12/2019 11:13

OMG, is that a serious question? Its 10m USD.