Altyngold Share Discussion Threads

[excellance] 13/1/2020 23:23

58/63

so much for the ramping of littlepup!

[bullrun1] 13/1/2020 11:25

Apologies wrong thread.

[bullrun1] 13/1/2020 11:25

No ones selling atm.. lol

[onedayrodders] 13/1/2020 09:03

I'd like to think the bond issue got away and the loan approved on the basis of something along the lines being posted today.I guess we just now need to know have they been delivering

[excellance] 12/1/2020 20:42

Palladium is a unique material with a strong affinity to hydrogen owing to both its catalytic and hydrogen absorbing properties. Palladium has the potential to play a major role in virtually every aspect of the envisioned hydrogen economy, including hydrogen purification, storage, detection, and fuel cells.

[jc2706] 12/1/2020 17:55

I did say 'something like bitcoin'. Things only have value if we ascribe value to them and alt coins are irrelevant to the bitcoin premise that supply is finite. However, I suspect we haven't yet seen the monetary system that will supplant gold so gold it will remain for at least my lifetime.

[excellance] 12/1/2020 17:23

Wasn't jade used as currency in China a thousand years ago?

[excellance] 12/1/2020 17:22

What I meant by "palladium is the new gold" wasn't very well worded...what I mean is that any valuable metal can substitute for gold, and at the moment palladium is doing exactly that as investors realise that pd is in real demand from industry, so it's price should appreciate significantly until supply can be brought online, and that isn't going to be any time soon, probably three years at least.

Bitcoin is worthless just like fiat.

In other words, it retains value until people realise that it has none.

Of course bitcoin and cryptos have uses as a method of transfer, but there are so many to choose and more every week.so can't hold its value forever.

If the Egyptians or Romans had invented bitcoin would they still retain their value today? No of course not, things move on...but an ounce of gold will always buy you a top quality suit of clothes.

[jc2706] 12/1/2020 17:05

I sincerely doubt that palladium is the new gold. Gold has survived for thousands of years as the benchmark monetary system and just because a system of government moves to a fiat currency is unlikely to change that as it has happened many times in the past. It would be more credible if a basket of commodities formed a new basis for underpinning currencies. Alternatively, something like bitcoin will provide a threat in the future to gold's hegemony.

[excellance] 12/1/2020 16:17

Hydrogen cells and hydrogen purifiers apparently use palladium, and 4 times more than in a combustion engine.

I personally think that palladium is the new gold, as many believe that because central banks hold huge vaults full of gold they can manipulate the price at will, but with rare metals where there are no stock piles the price is actually ths real market price governed by people power via market demand.

Since government removed the gokd standard there is no need to hoard specifically gold, and any valuable item can be used instead, such as a painting, land, or tangible assets like palladium.

[jc2706] 12/1/2020 15:48

What is the use for palladium in EVs? As far as I am aware its primary use is in catalytic converters for petrol engines so I can only see a use in hybrids rather than fully electric vehicles.

[excellance] 12/1/2020 14:45

When Eurasia were drilling Monchetundra and volchatundra with Anglo all those years ago, pt was $1300 and pd just $600, and the results were more than 3/1 in favour of the then cheap palladium, so the results weren't considered to be sensational like they are today.

Green energy rules, catalytic converters and new EV technology has found a great use for palladium, but it is usually only mined as a by product from platinum mining, but pt mines are not viable these days so pd is scarce.

Monchetundra is therefore unique, and extremely valuable in this new holden era of green technology.

Platinum prices will recover and are recovering as the pgm market finds balance.

Then there's rhodium at $8000 per ounce, and Eurasia will soon release news of their rhodium credits from their urals mountains alluvial mine, and it could be quite impressive!

[jc2706] 11/1/2020 11:03

Whilst there are some similarities with EUA the differences also stand out. I don't believe that EUA's higher target resource is particularly credible as I have found little evidence for it in the public domain. I also believe that the long term price outcome for Palladium is negative as it is more of an industrial metal than a precious metal. Short term industrial demand has driven the price higher but history is littered with substitution stories and the longer term drivers of demand appear doubtful.

At this point in time ALTN seems to have a better risk/reward profile.

[jc2706] 11/1/2020 10:55

Those are reasonable assumptions but I can't quite match your figures unless I convert grammes to ounces rather than Troy ounces.

The assumptions could be considered conservative given that the initial target with the trucks already purchased was 40k tonnes per month this year with the July rate suggesting that they had made progress towards this. In addition, in the half yearly report it was stated that they were developing ore bodies 3-8 at 200masl (with 300k tonnes of ore) with a grade of 2.25g/t and will be extracting ore from ore body 11 with a grade of 3.43g/t. Exactly how much of each is unclear and it is likely that there will be a fair mix of development ore reducing the grade at this stage but it does suggest that the conservative assumptions could be exceeded during H2 2019.

There is some reason for optimism that the future should see both the grade rise and volume increase, particularly in light of the fact that the latest fund raising activity should allow the plant to reach its 800k capacity (or even 850k as stated in other sources).

Just a reminder that a throughput of 800k tonnes with their historic recoveries and using the grade for proven reserves from the latest CPR delivers a production run rate of 77k ounces per annum. I don't expect them to achieve this until 2022+ (if then, given their track record) but it does indicate the potential.

[tightfist] 11/1/2020 08:36

On the chart I see the possible start of a channel? However, yesterday's reported trades look more positive and the spread has closed-up, at least for the time being......

[excellance] 11/1/2020 00:36

Another similarity with Eurasia Mining is the propensity to not bother promoting the company story while someone is selling down their holding.

[highly geared] 10/1/2020 22:20

Great post cl2201. Logically presented and demonstrates the impact of a buoyant gold price and hopefully going forward, the leverage effect of increased production into a rising gold price.

[cl2201] 10/1/2020 21:59

I am looking for a base case for H2 2019 along the lines of what we saw in H1 2018. That is to say an average tonnage of 25,000 per month over the period - this is on the basis of July reaching 29,000 (see Half Year Report released on 2nd September) and the assumption that there is likely to have been some downtime/maintenance. I'm not taking into consideration any potential increase post-receipt of loan financing, which might have had a positive impact if they were able to purchase the planned extra machinery and put it to use in the period.

Let's assume a gold grade of 1.96 (same as H1 2018) - H1 2019 increased to 2.06 but, again, using base case figures here (plus it's easier for the read-across).

For the life of me I can't find an average Gold price for the period 1st July to December 31st. I will therefore just use a base price of 1,450 USD.

Let's say of the c. 8,460 ounces the above may yield they sell 8,300 ounces in the period, we would be looking at $12m USD for H2.

For comparison, H1 = $7.2m USD. It would therefore amount to a significant (67%) improvement on the financial side and hopefully, given the large sums of money raised, a solid foundation for further exponential growth.

[cyberbub] 10/1/2020 17:24

Indeed. There will be interest payments of course but should still be making money IMHO

[king suarez] 10/1/2020 16:49

I would say they are definitely making positive cashflow right now.

Cashflow was positive even for H1 2019 ($0.4m), with gold prices lower and production around half what it was as per the July 19 increase.

[cyberbub] 10/1/2020 16:39

$27M is a lot of money in Kazakhstan. Plus, despite interest payments, they should be making positive cashflow at these gold prices which can also be used for investment.

[excellance] 10/1/2020 14:07

With $27m raised and CPR's done, what else does this company need to develop their mine(s) to the next level?

I doubt they have the required skills or manning to develop by themselves, and I doubt $27m is enough anyway, but I do think they'll get those skills one way or another.

I doubt the mines are for sale, but a joint venture may be a possibility.

Many synergies with eua.

[risa5] 10/1/2020 11:58

Someone's making a lot of profit!

08:02 - 10/01
Sell
1
0.65p
£0.0065

[someuwin] 10/1/2020 11:36

Been buying here. Could get interesting.

[tightfist] 09/1/2020 22:04

Someones made almost 13% return on those tranches in two hours.........Are we in the right business?!