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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Altyngold Plc | ALTN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 6.50 | 5.68% | 121.00 | 14:33:11 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 121.00 | 121.00 | 121.00 | 114.50 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 18/6/2024 08:28 by tim000 Yes, of course. I haven’t attended an ALTN AGM before so don’t know how engaging the Directors will be, we’ll see. |
Posted at 13/6/2024 19:28 by redtrend To provide a reminder of Sept 2021 investor presentation which included a Q&A and was very helpful at the time:hxxps://files.altyn. Slidepack included dividend policy reminder. In addition from my notes I still had the following nuggets: 1) Seki - 1Mtpa in 3yrs time (i.e. 2H 2024) circa 60k oz p.a. annualised, 30yrs mine life. So they will largely achieve this goal to the deadline. 2) Teren-sai – working on 2 out of 15 targets 2.7g/t avg on these targets. 1.8g/t tested at Seki plant from Teren-Sai. 3) 1st dividend in 2025, subject to no Force Majeure or shocks in gold market Raising $40m in new debt financing for Capex requirements in this year/ next year Now that was back in 2021, however I could see them commencing a dividend in 2025, even just a token one. Definitely a question that should be raised and especially in context of comments made in 2021 I allude to. A dividend coupled with achieving 50-60k p.a. we could start to see this "undervaluation" be corrected. |
Posted at 13/6/2024 17:22 by excellance At the very least Seki will be a work horse, churning out cash for over a decade, and this will fund TS development. With at least five areas of interest leading to at least one open pit development in the next two years, and who knows how many more going forward, ALTN could be massive.Then there's zones beneath the open pits... The problem for me is that the company are really not sharing the assay results or mine plans with us, so I worry that TS is not the "very valuable asset" the company have claimed it to be. I get that they want to focus capital on Seki and not dilute holders, so they have taken the scenic route rather than the motorway, but that doesn't explain why they've not shared their plans. The Kazakhstan system is based on the Russian model which means that it is the authorities that release assay results and not the company, and personally I really like that system because it stops the company from delaying or obfuscating releases to reduce corruption, but obviously the bankers hate it. |
Posted at 13/6/2024 16:24 by tim000 I too can’t see dividends being made until TS is out of the way. Dividends are of course just one of many ways of allocating capital. Personally I prefer to invest in growth companies where the return from investing in the business is much preferable to the alternative dividend yield. |
Posted at 13/6/2024 16:14 by excellance I think the obstacle to paying a dividend, apart from the obvious operating profit situation, is how they intend to finance the next stage of development, which was many tens of millions of dollars but may be near to a hundred million dollars required.We know they planned to self finance from operating profits, and MO indicates they will simply borrow using leveraged profits. Then there's the long running TS saga where they drill here and drill there, now five areas drilled, but no firm plans to develop anything and very little in the way of assay results. This leads me to doubt that TS is viable or is assays are material, yet they keep drilling more and more. I hope that maybe there are NDAs in place and that a partner is involved but no suggestion of that from the company. It's just a huge known unknown at this point. |
Posted at 09/6/2024 08:46 by king suarez Lol, more fantasty talk.Apparently you had 500k shares when you first posted back in March, and now it's 1.6 million? lol. There hasn't even been more than a few hundred k ALTN shares traded in total since then - you expect anyone to believe your obvious lies? You are either certifiably insane and believe your own ramblings, or just a very poor troll. |
Posted at 17/5/2024 16:41 by excellance So GP, using your numbers and extrapolating to a fairy tale world where dividends are paid...£112 revenues, but let's say half of that covers all costs and taxes and a bit set aside for capex, and half of the remainder is possible dividend, that would be £28m divided by 27m shares, giving quite a yield at current prices. Now apply a sector peer average for p/e to work out a fair share price .. We can all dream... |
Posted at 01/5/2024 10:13 by louie2010 PP . I take a few more , sounds like last of the big spenders , obviously waiting for the maiden dividend to arrive maybe before 2030 at rate of production or lack of keeping updates. Shows what a clown you are as believe in not a dividend as no dividend has been promised or even been declared so you are a clown in making up stories. In you case clown story delusional clown springs to mind . Pension planning your be pushing up daisies before dividends get paid . |
Posted at 16/4/2024 08:20 by pensionplanner Seems you have difficulty with remembering your previous comments? 17 years? First joined ADVFN March 2024, then 15 years......with a moniker Louie2010/ AmusingLouie2010 - 06 Mar 2024 - 07:50:25 - 10832 of 11178 Altyn plc gold in Kazakhstan - ALTN 15 years of seeing my investment fall thanks to clowns running this company Louie2010 - 06 Mar 2024 - 13:17:09 - 10836 of 11178 Altyn plc gold in Kazakhstan - ALTN 15 years is definitely not get rich quick. One oldie investor died waiting for money, Try solg it’s good day trading if you got the balls ! L. .o .L . |
Posted at 29/2/2024 09:10 by pensionplanner Excellence. I disagree, a 1p dividend as a maiden dividend would not value a company at 25p. So many companies who are valued far more than 25p who don't get near or even have the potential for dividends, let alone potential dividend growth. Altyn has the prospect of much more and a maiden dividend sends the message that progress will continue and prospects for much more to come.I added a few more yesterday anyway |
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