Altyngold Share Discussion Threads

[onedayrodders] 13/12/2019 07:46

Can u keep nudging it tightfist

[sclper] 12/12/2019 12:57

Agree, very happy to hold here. The risk reward ratio is off the scale. If the company can increase production as planned, given the current gold price, there's no reason 3p can't be achieved in the near term

[tightfist] 12/12/2019 12:55

Sounds very realistic - just helped nudge it upwards - will it stick this time?!

[stockknobjockeyvanbookstino] 12/12/2019 12:48

I'm settled in for a 5 year +/- hold. If it comes good may be 20x current value.

3p is a shorter term target, £75m capital value.

[tightfist] 12/12/2019 12:30

All good, constructive thoughts. Yes, AR paid 3p/ps in Jan 2018 for 5.04% of the company so another expression of faith. Hopefully we will get some shares interest surrounding the new Bond holders, out at least their associates/employees. The disconnect between Bonds and Shares price action never ceases to amaze me..IMO this is going to be a long but rewarding slog! The valuation anomaly appears extreme, but will take a long while to fully recover.

[onedayrodders] 12/12/2019 11:20

What is clear is the share price is now in limbo and range bound until significant news

[stockknobjockeyvanbookstino] 12/12/2019 10:32

Hopefully get some Kazakh interest in the shares following the bond issue to help move the price along.

[sclper] 12/12/2019 09:24

From memory I think the directors paid 3p per share but now the London market only values the assets at 0.5p. I think there will be a drive to get the share price up to a more sensible level now they are back on track with operations.

[sclper] 12/12/2019 08:45

I think we'll get an operational update in early 2020. It will be a triple whammy of higher production, higher gold price and revenue, and higher grades. I think the company is keeping a low profile until it has something to shout about but we know it bought new equipment earlier in the year and now has further funds to continue to ramp up production.

[tightfist] 12/12/2019 08:31

Hi! My interpretation is that "the family/AR" have become deeply disenchanted with the LSE and decided a while ago to row their own local boat, at least for a considerable while. This is connected with the loss of the two overseas NED's and maybe VSA too? So no need to pander to our communications expectations?.In due course that will hopefully produce some transformational delivery numbers (not too difficult from where they are right now?) and they may then get back on the edge of the PI radar screen. Maybe the suggestion of May 2020 for the first sight of meaningful news was close to the mark...... after several years wait I suppose it's not that far away!

[mikro1] 11/12/2019 19:43

I agree with both sides. We are still in the dark about the 17 million bank loan and about operational progress. But I continue to add to a large holding because (a) there is clearly sufficient funding in place for expansion (b) the gold price is high enough for significant cash flow generation (c) it is clear that the owners now intend to ramp up production and not take the company private

[red army] 11/12/2019 18:39

If I was running a lean operation and CEO I would take the phone off as well.

[vish65] 11/12/2019 18:28

Everyone has their personal threshold for risk and how they want to manage that risk . That's reflected in some of the posts on this thread. Nothing wrong with thst.

[stevea171] 11/12/2019 17:49

Stock. It has nothing to do with the quantity of RNS's issued this year that you so kindly list. You miss the whole point of my original post or perhaps you didn't see it. Here it is again:

stevea171
11 Dec '19 - 14:50 - 1658 of 1677 Edit

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.

[stockknobjockeyvanbookstino] 11/12/2019 17:40

What more do you want, plenty of communication, good news and support provided by the Directors/Owners recently.

I'm not surprised he's left he phone off the hook after reading some of the posts on here!

Date Source Headline
11th Dec 2019 11:02 am RNS Bond Issue
4th Dec 2019 3:24 pm RNS Funding Update
29th Oct 2019 11:15 am RNS Issue of new shares
15th Oct 2019 7:00 am RNS CPR Results Teren-Sai (Area #2)
8th Oct 2019 7:00 am RNS CPR Results (Sekisovskoye)
11th Sep 2019 7:00 am BUS Funding update
6th Sep 2019 7:00 am BUS Altyn Plc: Updated Website
2nd Sep 2019 7:00 am BUS Half-year Report
11th Jul 2019 7:00 am BUS Underground machinery delivery
9th Jul 2019 12:54 pm BUS Resignation of Director
28th Jun 2019 3:42 pm BUS AGM Statement
1st May 2019 7:00 am BUS Final Results
19th Mar 2019 2:37 pm BUS Funding Update

[bo doodak] 11/12/2019 17:15

I am invested here, so I have no ulterior motive in saying this, but there appears to be a presumption by some that a company should be trusted until proven untrustworthy. While that approach is commendable a sceptical attitude seems far more appropriate, especially when appraising companies such as Altyn.

[brasso3] 11/12/2019 16:44

If you could put the history aside and look at this at the current state of play it looks like great risk reward.

[sclper] 11/12/2019 16:36

The game changer for ALTN was getting the non-dilutive funding in place. Now that has been achieved the company can execute its plan to significantly ramp up production. The gold price is strong and could we'll go a lot higher. Shareholder's patience will be rewarded.

[wooster4] 11/12/2019 16:10

little - the eua price was going nowhere for years despite numerous rns - the game changer was the rns in october that effectively put themselves up for for sale and the potential for at least 15 million ounces of pgms.

[littlepuppi7] 11/12/2019 16:04

To be fair, if that number is not in use it should not be given out in RNS release... i do just put it all down to poor comms though.. They almost need someone working for them to manage investor relations. that could have a big effect. EUA put out essays when they are actually announcing very little material change. Investors do like detail.

[stevea171] 11/12/2019 16:04

Homebrew. No one can presume anything about this company in the current circumstances.
Now you suggest that they have no office and no current phone number but they are still issuing RNS's with a number that was associated with an office they have moved from? I must say highly unlikely.

Anyone. Phone Basra now. 0207 932 2456 and let us know how you get on.

Or perhaps he still has no office and no phone?

Basra has form of not answering his phone or dealing with PI's in his past employment I believe. Is this not so?