Altyngold Share Discussion Threads

[highly geared] 31/12/2019 13:37

A company with these gold reserves into what will be the greatest gold bull market in history in the next decade cannot stay at the current levels. It either delivers increased production and revenues or the assets get bought. What value c. 3.5 million oz reserves in a gold bull market? The CPR NPV’s are sat at c.$500 million now. That’s c. $15/oz in the ground value, negligible.

Patience here should deliver good multi bag rewards.

[excellance] 31/12/2019 09:30

nothing much happening here these days, maybe 2020 will offer greater visibility

[stockknobjockeyvanbookstino] 30/12/2019 08:38

This is not on AIM Brasso

[kaos3] 30/12/2019 07:36

I hope for the best

[brasso3] 30/12/2019 04:55

If you need any inspiration on what can happen on AIM in theses situations take a look at CNG over the last 2 years. ALTN could easily replicate that with a positive production update.

[wrighty46] 29/12/2019 13:54

Yes agree, just read through the H1 update to refresh my memory. We processed low grade ore 0.5g/t for 2 months while they prepared the higher grade ready for mining which was ready at start of H2. Plus throughput rose massively in july to 29000t so if that kind of throughput continued for the rest of H2 can we not expect mined ounces to at least double, probably more and aisc to drop dramatically? Obviously the company continually have plant and equipment problems but if the cash injection reduces these significantly then H2 could be transformational. We await an update to see if the path is becoming clearer. The cash hopefully being generated will accelerate production quickly. Looking forward to news and hope the company dont make us wait until April. We shall see. GLA

[brasso3] 29/12/2019 06:43

The bank and the bond holders know whats coming. The share holders will find out soon enough. Whilst this is disappointing for us and not the way things should work with a listed company the signs are all there.

[mikro1] 29/12/2019 06:39

True, and the higher gold price has enabled them to raise the debt which should enable them to ramp up production and thereby drastically lower the AISC. So even if the gold price falls back to 1100-1200 the company should be able to prosper

[brasso3] 28/12/2019 23:54

They obvious were not prepared to push this forward when gold was at $1150 - $1250 / oz. Now with gold breaking out the economics have completely changed. Looking forward to a strategy update early 2020.

[mikro1] 28/12/2019 23:51

The clearest sign that they were not going to take it private was that they converted their $10 million debt into equity a year or so ago

[tightfist] 28/12/2019 23:07

What ownership limitations did the AIX 9% 2022 Bond Prospectus imply - explicitly or implicitly? Or would that be re-negotiable with the Bondholders!

[stockknobjockeyvanbookstino] 28/12/2019 20:05

Kaos3, that risk is clearly priced in,,,,they could have taken it private a long time ago in the knowledge of the potential..... Take your choice.....

[red army] 28/12/2019 12:43

Nice wedge pattern still in play with above .65p would start to break out.

[stonefold] 27/12/2019 14:03

Years ago when that story came out I found it difficult to believe from either side.

Although you could fabricate some sales invoices and slap a bit of tipex on the annual accounts, what you could not alter were the Government registers of Royalty and VAT receipts and the state refinery's purchase register.
There are many other records such as bank statements and various staff and contractors who would know.
With that information the actual turnover could be determined fairly quickly.
Such a plan to deceive would therefore quickly fail, and no one in their right mind would attempt it.

Similarly a false allegation by the buying party could also be disproved.

They reached an out of court settlement, nothing more was said and they went on their merry ways.

In general Russia is viewed as more corrupt than Kazakhstan.



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Gold miners lifting a bit now that the Gold price is back above $1,500

[kaos3] 26/12/2019 04:37

it is not just kemin.

"he Assaubayev family, Polyus and KazakhGold have agreed to a settlement of all claims made and litigation brought against the Assaubayev family, and its interests."

[wrighty46] 24/12/2019 19:21

Do you honestly know what has happened since july? Probably not. Next year is probably the most pivotal in the company's history. Onwards and over 2p will be printed imo next year. GLA and merry Christmas.

[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!