Altyngold Share Discussion Threads

[gregpeck7] 27/2/2020 12:15

It looks primed for the next leg up and gold showing no signs of slowing down..

[cl2201] 27/2/2020 12:08

Cyberbub - you might be right. Definitely something funny going on - I just did a dummy buy for 200,000 shares and they want 0.77! Can only assume someone has a large buy order in at, say, 0.75, thus they (MMs) slide the live offer just above it as they can't fulfill said request.

[onedayrodders] 27/2/2020 11:10

Some solid good news would go a long way to help us away from this constant spread nonsense

[cyberbub] 27/2/2020 10:50

Getting a bit silly now, I get the feeling there's some stop-fishing going on.

[gregpeck7] 27/2/2020 07:08

This starts moving up again today imo. Gold getting stronger as well after very brief pull back.

[the_real_mr_big] 26/2/2020 19:23

Thank you Ex.

PS I hope EUA works out for you.

[excellance] 26/2/2020 16:33

If only the Eurasia Mining situation can be resolved, now would be a great time to double up.

Sitting here unable to act is so damn frustrating.

[cl2201] 26/2/2020 13:37

Agreed - if they can get cash costs from $1,015 oz as in H1 2019 down closer to $900 USD that will be a great tick.

[excellance] 26/2/2020 13:29

i think another important factor will be the cost reduction per ounce as throughput increases.

[cl2201] 26/2/2020 13:11

In terms of revenues, we are on a similar page - I hope H1 2020 revenue will amount to $15m USD. Where we differ, and perhaps I am being overly optimistic, is that my goal is 10,000 oz during the period, with a GP of $1,500 USD (the GP might now need to be revised upwards if it stays here).

The 10,000 oz was based on the company's initial target of 40kt per month arising from the investment in machinery using the small initial loan (1.1m USD from African Resources Limited) i.e. pre-large bank loan and bond. I have baked in quite a fair contingency into the above - I don't think, for example, they will have hit 40kt from January, but hopefully by March they will have. That means the average might be in the region of 35kt/month over H1.

I already stated my guesstimate for H2 2019, though to revisit that, I have as follows:

- H2 2019: 8,300 oz @1,450 USD ($12m USD)
- H1 2020: 10,000 oz @1,500 USD ($15m USD)

[excellance] 26/2/2020 12:50

so my expectation and hope is that production has stabilised at 30,000t/m yielding 9,500 oz in the half year, with revenues at $15m for six months, but how will that reflect in the share price after costs and debt repayments are deducted?

[excellance] 26/2/2020 12:47

so, can we deduce from this....

run rate must increase to near 30,000t per month,
grades should be slightly higher at over 2g/t,
recoveries too should be slightly higher at about 83%,

this should yield a minimum of 9,500 oz of gold, and any improvement in any of the numbers above will obviously add to this. thats $15m revenues based on gold at $1600 per ounce.

eg-
35,000t per month
@ grade of 2.1g/t
@ 84% recovery
= 12,000 troy ounces of gold
$19.2m revenues


or

40,000tpm
2.2g/t
84.5%
= 14,300 oz
$22.9m revenues

[excellance] 26/2/2020 12:31

just a reminder

-----------------------
Altyn Plc
Underground machinery delivery
11 July 2019

-----------------------
Altyn Plc
Half-year Report
Interim report - six months to 30 June 2019

Production
Production results in the current period were below budgeted expectations, primarily as a result of some equipment breakdowns and the associated time-lag in receiving the necessary spare parts. As such for Q1 2019 the monthly run rate of ore extraction averaged 13,300t a month compared to 20,000t in the same period in 2018. Following the delivery of the new equipment as noted in the RNS of July 2019 production has increased achieving 29,000t in July 2019.
The overall grade of ore was higher at 2.06g/t, compared to than 1.96 g/t obtained in 1H 2018.
The milled ore was 114,000 tons (H1 2018 - 182,000 tons), included lower grade stockpiled ore at 0.5g/t as in the previous period. As a number of ore bodies are ready for production the additional equipment purchased recently will result in increasing production in H2 2019 and going forward.
Gold recovery averaged 81.53% during the 6-month period (H1 2018 - 83.65%).The decline in average gold recovery was due to a larger share of low grade stockpiles being utilised principally in 2 month period. In July 2019 recovery has returned to its normal value at above 83%
Gold production was 5,561oz, compared with H1 2018 of 8,461oz.

Financial
As a result of the setback in production turnover declined to US$7.2m (H1 2018 US$10.9m). The gold price achieved averaged US$1,308oz during the period (Year 2018 US$1,292).
The Company made an operating profit of US$1.3m (H1 2018 profit US$1.6m), with a net loss before taxation of US$0.6m (H1 2018 profit US$0.6m).
The total cash cost of production was lower at US$1,015oz (Year 2018 US$1,235oz), as the Company contained costs during the period.
EBITDA achieved was positive at US$1.5m (Year 2018 US$0.9m).
Cash flow from operating activities was positive at US$0.4m, (H1 2018 US$2.5m)

[excellance] 26/2/2020 12:14

higher high, higher low?

[excellance] 26/2/2020 10:33

The paper gold etf market is a big fraud. While in normal trading it works OK, but in a crisis you don't actually have any gold to take delivery of and they'll just send an IOU assuming they don't go bust.

I think we are heading towards a real crisis.

[gregpeck7] 26/2/2020 10:15

Consolidating nicely here before what should be a significant move higher. The zerohedge input explains why gold was so static as the Dow plunged.. it will rocket again soon enough... ( gold price that is)

[excellance] 26/2/2020 09:10

Yet it's central bank easing and printing that makes gold ths obvious alternative to anything else.

[gregpeck7] 26/2/2020 08:47

Gold price surging bank. It's like garlic to a vampire for central bankers. They will do anything they can to surprise the price but it's breaking out now.

[highly geared] 26/2/2020 08:35

Quite happy for this to be bought out for £250 Million. 15 bags will do nicely ( dreams of Florida villa 😆).

[jc2706] 26/2/2020 08:29

I invested in Norseman at 2p and ran it up to 65p. Unfortunately I only sold a third as I was pretty convinced at the time that the new deposit they were opening would step change their outlook and that gold had a lot further to go. So I watched it go down until it was suspended and delisted.

It still exists by the way, but it is in care and maintenance.

[onedayrodders] 26/2/2020 08:23

Yep that's the dream Steve

[excellance] 26/2/2020 08:12

Because if you had £30,000 of stock to sell or buy you'd probably phone the broker and ask them to work on it, rather than repeated online trades yourself. Just my opinion.

[bmnsa] 26/2/2020 08:03

Because everyone run off with their profits lol.

[le0nard] 26/2/2020 07:59

Norseman went bust though did it not.?