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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
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 151.00 | 16:35:14 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 155.00 | 155.00 | 155.00 | 151.00 | 151.00 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 18/7/2024 10:50 by gizmohican hxxps://simplywall.s |
Posted at 02/7/2024 15:59 by tim000 Yes, but that just promises the dividend won’t be before they reach 1mtpa, it doesn’t say how long after. The AGM is their latest communication on dividend strategy, which remains non-committal wrt timing. |
Posted at 29/6/2024 11:50 by excellance Indeed, AAU are hoping to IPO on the ASX, again no details, but obviously it will involve an issue of shares.LTHs hoped the company would be profitable, self funding, and looking to pay dividends soon, but with this new deal they can forget dividends for several years, unless they sell their minor interests and pay a special dividend as they did before, but unlikely as they need to raise capital...IPO, open offer, project finance etc... |
Posted at 25/6/2024 18:37 by excellance I don't think any of the family or short of a few quid so I doubt they'll make reckless short term decisions after the patient work of the last decade.For me TS is a great unknown, clearly important to the company but perhaps way too big for a minnow like ALTN to ever be able to afford a full and thorough development plan without significant help from outside. TS has been poked at for several years, several zones, reasonable looking grades, but do we have the available human capital, capex clout, or even expertise, to manage Seki plus multiple TS pits several km apart. I strongly believe that ALTN need help, and that the lack of full disclosure indicates that a NDA is in place with a third party. Again just my opinion but the situation is opaque and needs clarifying. |
Posted at 21/6/2024 16:32 by tim000 I mentioned the Sept 2021 statement on dividends. My inference is that their mining plans at TS (and to a lesser extent Seki) are not sufficiently developed yet so that they know their future capital requirements, nor necessarily precise production targets, and of course the gold price outlook is uncertain. And few small companies in Altyn’s position would commit now to a future dividend policy. I think it’s fair to cut them some slack on this. Paying dividends is a priority, but not something they can pre-commit to. |
Posted at 21/6/2024 16:13 by tim000 On dividends, the family’s shareholding is held by a company registered offshore Kazakhstan. Dividends paid by Altyn are a perfect way by which the family can diversify its assets outside Kazakhstan. So they understand the importance of dividends, and the beneficial impact they can have on sentiment. It was mentioned the company was currently legally restricted in paying dividends due to its balance sheet not having distributable reserves. But that would change after 2024. A could not guarantee today what their future dividend strategy would be, but as I say their importance is understood. |
Posted at 20/6/2024 14:08 by redtrend Tim - thanks for taking time to go to AGM and asking all here for any questions. Think you captured them all already:1) Do board still intend to commence dividends in 2025 as alluded to during Sept 2021 investor Q&A? With buoyant gold market, ALTN's expansion, it would send a very strong message to market and have dual benefit or rewarding shareholders and boosting sentiment/ share price 2) 2yr plan for Teren-sai based on extension up to March 2026? Do you envisage commencing open pit operations within this timeline? 3) LT plan, timeline, financing and capex for 2mtpa expansion? apologies can't be there myself, but did forward similar questions to ALTN via email to the generic email address. |
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 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 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 . |
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