Altyngold Share Discussion Threads

[trader465] 28/6/2022 22:45

Stevea171 - you have two options, buy or sell. If you feel the need to express your concerns then try Marjorie Proops

[stockknobjockeyvanbookstino] 28/6/2022 22:05

Or Rajinder Basra as Co Sec at Cameron & Co in High St Rickmansworth....

[stockknobjockeyvanbookstino] 28/6/2022 21:47

Perhaps express your concerns to the non exec director Andrew Terry whose email is freely available as a partner at Keystone Law.

[stevea171] 28/6/2022 20:27

They don't really help themselves, do they? It seems contact with them by email is impossible using their own information provided. I have no other email for the company so they are rejecting communication. Notice of Annual General Meeting. Communication 19. Except as provided above, shareholders who have general queries about the meeting should use the following means of communication (no other methods of communication will be accepted): p Contact the Company by e-mail to [e-mail] MAILER-DAEMON To:you Details Sorry, we were unable to deliver your message to the following address. [e-mail] Unable to deliver message after multiple retries, giving up.

[stockknobjockeyvanbookstino] 28/6/2022 19:42

Kyrgyzstan has a bad history with miners, most recently Kumtor. Kazakhstan is miner friendly. No link.

[marmar80] 28/6/2022 19:18

Kyrgyzstan, Uzbekistan and KazakhGold company, so all linked.

[stevea171] 28/6/2022 14:54

This is my contribution to the AGM. I would encourage all holders who cannot attend to register their concerns and questions in the next day or so. AGM Questions 28/6/2022 Aidar Assaubeyev CEO, AltynGold [e-mail] Dear Aidar, I am a shareholder but unable to attand the company's AGM on 30/6. Therefore I send these questions I have of the company to you in the hope you will reply: 1. The reserve grade of the Seki deposit is 3.53 gm/ton. We are told that last year mined gold grade was 1.97 g/t and the previous year 1.57g/t. After 10 years of this company mining at Seki when can we expect AltnGold to mine at reserve grade or above? 2. Teren-Sai. Significant detailed drill results here have never been released to my knowledge unlike for other miners. Any results given are in a summary form only. Why is this? Yet a mine is in prospect at Area No 2 and a second processing facility to cost the company (us) $75 million. Area No 2, 5 and 6. At what vertical depth/s are the significant grades? What are the thicknesses? Where are the detailed significant drill results from last year and previous years that the company reports have been completed, to include previous drilling that the company (us) has paid c.$10 million for? What are the estimated resources and reserves, if any? Where is a detailed map? No detail is released of a significant asset (Area No 2) that is apparently moving from exploration to production in a couple of years. 3.Why can't Quarterly statements be more detailed and released within a month of the quarter end as for all other miners? Internal reporting of the information contained, it is assumed, is available to management days or at most a week after month ends. Why is this Annual Report released 6 months after the year end and just days before an AGM? Nothing is dated. The Annual Report statement, the Quarterly statement. Why? 4. Why do you think AltynGold is the lowest valued gold producer on the LSE? What actions are the BoD's taking to address this? 5. Website. When can we expect a new improved company web site? 6. What PR initiatives are to be taken in 2022? yours sincerely

[golden prospect] 28/6/2022 11:54

In a few weeks time we get Q2 confirmation Strong Gold, weak Tenge translates to $1000 per oz profit. Should be easy to extract 1H22 and better than 1H21

[researchcentre123] 28/6/2022 11:38

Odd really when there is every reason for it. I guess over timepple will get to know it

[golden prospect] 28/6/2022 10:06

Should be interesting to see how the 108 pitchfork develops this year free stock charts from uk.advfn.com

[bsg] 28/6/2022 09:00

No surge to £1.50 this time!

[researchcentre123] 28/6/2022 08:38

I think that was Uzbekistan not Kazakhstan? There is always political risk, but the question is whether that justifies a pe ratio of 2. Probably not I'd have thought. On a sheer probability level, that would imply that the govts nick the assets every 2 years and this seems to have been safe the last 20 or more. The Kazakh govt also wants to encourage investment right now, which nicking stuff wouldn't encourage.

[marmar80] 28/6/2022 08:20

Numbers are great but this is still Kazakhstan where the unfortunate Oxus Gold story took place back in the days.

[researchcentre123] 28/6/2022 08:12

Troc1958 The world doesn't like Kazakhstan at the moment as the link with Russia worries them, so they are fleeing to "safe" jurisdictions. It's not justified IMHO as I don't think Russia is in any hurry to expand their war, or Kazakhstan to join it. Also Just recently the management took a while releasing their annual report, 2 months later than usual, although still within the required time. This was enough to knock 30% off the share price and it hasn't caught back up yet, despite an excellent report.

[troc1958] 27/6/2022 21:30

Trading at < 2 x Ebitda. Why? Something amiss.

[excellance] 27/6/2022 14:42

Personally I like the prudent approach rather than dilution or more debt. We already have chunky debt, and with TS development on the horizon we will take more debt, but with two producing assets comes reduced risk and increased fcf...in 3 or 4 years...

[sloppyg] 27/6/2022 14:27

As expected the short term bounce due to relief of the numbers being published is just that... short term. The financials themselves, whilst good, were basically a given. I fear we go nowhere until gain some institutional backing which will require a change in the ownership structure and some clarification as to how the war plays out. EBITDA is not going to change significantly from these levels over the next 2/3 years and they have the debt of $25m-30m to repay over that period hence every penny of FCF is tied up with debt repayment and whatever is left towards the capex budget.

[bsg] 27/6/2022 13:22

Not with the war IMO. That is the overriding factor here.

[golden prospect] 27/6/2022 12:22

Yes excellance, fantastic numbers as expected and a beautiful little company. With thanks to the RetiredBanker on LSE site, posted 27JUN2022 12:05 " Well the results largely confirm what those of us who are overweight this stock already know. This is a gold producer (not just a speculative hole in the ground explorer) which is now capable of generating consistent profits and yet trading on a p/e below 2 ! IMHO A doubling of the share price could easily happen with no further news ! The new information seems to be that Assaubayev's would rather slow the rate of increase in future production than dilute their shareholding or take on overbearing debt burden. That almost sounds prudent and fiscally responsible, terms you rarely hear these days from anybody let alone BoD of mining companies. I'll be happy with 15% increase in production and flatlining profit (if gold reverts to $1700 as they are using for budget calculations) ... or 25% increase in profits if gold goes back towards $2000. I've top-sliced this a few times and then bought back at lower prices. Best price I ever achieved was £2.50, think I'll be getting that again before too long ! "

[excellance] 27/6/2022 11:55

Fantastic numbers as expected. I suppose the problem is that they intend to reinvest all profits plus more from elsewhere to fund growth for several years. Also, as the Ukraine war grinds on will Kazakhstan be forced to choose sides, and if it does which side will they choose? Beautiful little company this one.

[golden prospect] 27/6/2022 11:29

Q2 2021 results were out 19th July in 2021, so not many weeks for confirmation of Q2 2022 where cash will be rolling in at $1000 per oz If they sell 1H22 16koz, then extra $16m looks great.

[quinan] 27/6/2022 10:08

The MM's will struggle to keep a lid on this now, I can't see any reason for this to get past £2 with a push towards £3 by the next set of results.

[mrmcnee] 27/6/2022 09:41

The share price dropped from £1.45p range over worries concerning the delayed results, as it turned out they were not overly delayed as they had till 30th June to produce them. Not a bad bet buying in now as one suspects the company broker will have some nice words to say and re-iterate their £4 target price.

[goldenshread] 27/6/2022 09:19

The market is a ass, the shares hit £3 in Q3 2020 when the company was barely making a profit and gold was $300oz lower. They are now making $28m gross profit and the share price is struggling to exceed £1.50p, totally crazy. Only a matter of time before the near term re-rate to £2+ comes

[broken_arrow1] 27/6/2022 09:09

Looks like there are background orders being filled, online buy limits have dropped over the last 30 minutes.