Altyngold Share Discussion Threads

[jc2706] 24/12/2019 19:03

Generally speaking you hedge against the gold price falling not if you are confident it will stay strong. I doubt that ALTN are confident enough in their production profile to hedge much.

[highly geared] 24/12/2019 10:16

The assets here are too good not to monetise in some shape or form. Most minor/mid tier would die for the reserves here. With gold @c. $1500 and set to stay here, now’s the time...

[tightfist] 24/12/2019 09:30

An interesting thought - now they finally have considerable debt to service maybe we will see more financially risk-averse behaviour.....although gold-producing operations are maybe not yet that stable either!

[stonefold] 24/12/2019 08:30

Another gold producer RSG adds to Hedge which confirms expected firm gold price for 2020.

Previously forward sold gold with average price of US$1,494 per ounce for delivery up to June 2020.

Now added forward selling average price of US$1,501 per ounce for deliveries between July 2020 and December 2020.

ALTN could do a bit of the same.

[mikro1] 23/12/2019 23:48

Gold above 1400 for 6 months now. Can’t wait for the next rns

[mikro1] 21/12/2019 21:19

I’m pleased to hear they have the funding they need for phase 1. In my view assuming they stay on track and the gold price doesn’t collapse this should move to 2 p in the next 6 months

[jc2706] 20/12/2019 17:04

Damn! Makes my post look baffling!

[jc2706] 20/12/2019 15:39

"nobody won't remember him". A double negative. So you mean that everybody will remember him. :-)

[excellance] 20/12/2019 14:58

another 6 to 8 weeks to load up in my opinion, possibly less, probably no longer than that tho...we should get some kind of production report some time in January which should show significantly higher production and maybe a plan for what they hope to spend all the raised cash on.

[excellance] 20/12/2019 14:55

there is a reason why the company haven't bothered doing the rounds with presentations or paid for a broker note, and that is that they see no point because they don't intend to approach the capital markets for funding so no need to try to raise the share price by promoting the company story. They appear to be focused on raising cash using loans or bond sales, both of which require due diligence, so astute investors can read into that whatever they like.

i don't know what the future holdings report will look like, if the directors will reduce their powerful holding later on, or place shares at a future date, or even sell the business, but for now i think all is well and we can move out of this uncertain period of low production, marginal profitability and cash raising, and we can look towards increased production, investment of all profits, and steady development over several years.

Why is the share price stuck at 0.50p with a silly spread?
well, mt opinion is that we still have a fire sale situation with some banks and investment funds, and they are selling for almost any price, and we have arrived here a little early, but i expect the fire sale to end soon, and when it does maybe the company will begin to rebuild shareholder confidence by doing a presentation or two. I think they are preparing for that by the creation of a new website, but we could be waiting another 6 or 8 weeks for substantive news.

what of littlepup7?

well, he may well have meant well, but i think he was merely a pump and dump merchant, and hes probably long gone now onto his next scam. Shame really, he caused a bit of resentment towards this company with his ramping, but in the end he's just a small player so in the long run nobody will remember him.

[chipperfrd] 20/12/2019 14:02

Cheers Troc - had not noticed. Made me laugh as well!

[troc1958] 20/12/2019 13:59

Chip ...did it fly out of the window? (Moth) ... sorry, had to laugh

[chipperfrd] 20/12/2019 13:52

The latest CPR also makes repeated references to a Feasibility Study that was apparently completed 18 moths ago and in which the new targets were outlined - none of which has been reported/notified to UK shareholders!!

[roguetreader] 20/12/2019 13:43

Yep, still waiting for the improved comms to shareholders!

[chipperfrd] 20/12/2019 13:41

The 100koz pa target from 1Mtpa is their original from the 2014 CPR.

The latest CPR (2019) indicates a 6-year climb up to 2Mtpa but with a lower average head grade (3.47g/t) so that is c. 180-190koz pa of gold production.

Neither of these CPRs are available from their web site and neither are the latest target production levels!!
Chip

[wrighty46] 20/12/2019 13:01

Waiting for Deutsch bank to collapse which is less than 12 months away imo.

[brasso3] 20/12/2019 12:38

The chart is primed for take off.

Have they deliberately been quiet on news flow waiting for Deutsche bank to offload?

[stockknobjockeyvanbookstino] 20/12/2019 12:24

The page has been updated.

Look forward to the January update.

Looks like more machinery and upgrade to 1mtpa.

[homebrewruss] 20/12/2019 12:24

Steve, thanks, just found it.
Looking at the way back archive I can't see an old version of that page (only the homepage) sadly so can't be sure either way if that section is new, it may just not have been indexed before.



I can see that they have recently added this text under 'For investors' on the homepage: 'The Competent Persons report completed in 2019 indicated proved reserves under the JORC 2012 classification of 3.47Moz and attractive gold grades 3.61 g/t.' so they are updating the site.

[brasso3] 20/12/2019 12:17

I do not recall that being on the website previously.

[homebrewruss] 20/12/2019 12:17

steve, which page is that on?
I can't see it here: on the homepage

[stevea171] 20/12/2019 12:12

Stonefold & TF.
From the front sceen of Altyn's web site:

"The Company's aim is to produce 100 thousand ounces of gold production under phase 1 of the underground development plan (from the current level down to -50masl depth). The Company is currently at -150masl under Phase 1of its development. Production should further ramp up towards 1mt target of processed ore over the next three years as the company boosts its mining equipment. Operations are expected to have a competitive cash costs of production aiming initially at between US$500-US$600 an oz.

The Company has sourced the capex required to bring the production on line as stated above. Phase 2 should boost production more as operations move further underground (from -50 to -400masl). Additionally, Teren-Sai has significant upside potential with one deposit and four defined Au exploration targets and an estimated exploration objective of Au 9Moz."

Is the above paragraph 2 new?
Are they saying they have the cash to increase production to 100k oz/year?
If so why not tell the markets directly as this would be new information.
How much cash?
How is it being spent?
What is recent production?
?????

[tightfist] 20/12/2019 08:30

Hi Stonefold,Thanks, not sure if that's reassuring, or opaque and minimalist! If we are to achieve a decent rating they will surely have to become more open in communications - hopefully they will progressively build more confidence all-round during 2020.Cheers, tightfist