Altyngold Share Discussion Threads

[chrisdgb] 11/7/2019 12:58

Times they are a changing.........

[buster2006] 11/7/2019 10:17

R.N.S.
A update is it snowing on MARS !
Great News at last maybe the share price will go up now . G.L.A.

[roguetreader] 11/7/2019 09:52

I think the problem with trades and the share price are that apart from there being a very limited number of Institutional investors here, there is neglible interest from PI's. So, IMO it is probably going to take some solid news on actual production and positive future production forecasts to get the share price solidly set to a higher level and catch the eye of those that are not already vested. That said, I don't see why it isn't possible for the share price to move to around the 1.0 - 1.5p mark on continued positive news flow, should we get it and a maintenance of the gold price at these levels. One, if not the biggest problem affecting the share price over the last couple of years has been the dearth of updates from the BOD and the transparency on progress re the financing.
All IMO
RT

[jc2706] 11/7/2019 09:48

I agree that financing should start to become more readily available as the operations start to look more profitable but I still expect them to go for the $13m that they are discussing with the bank this year even if they have more than anticipated coming in as it will facilitate more progress - there is no lack of things to do, just the lack of funding to do them.

[tim000] 11/7/2019 09:37

The recent AR states that planned capex is circa $10-12 mn in 2019 and $22-26 mn in 2020. The bulk of this is on ore processing facilities, to handle increased throughput as the company targets much higher output. About $2 mn has just been spent on new equipment. I estimate that with a following wind, the company may generate internal cashflow of about $6 mn in H2. Of course, you can't spend the money before its earned, so the company might still want to borrow another $5-10 mn this year. However, it should be possible to demonstrate to lenders that the loans can be readily repaid. So I would expect positive news on financing some time in the next three months. Finally, note that these capex plans were finalised on the assumption of pog at $1250. So the subsequent pog uplift of over $150 should make financing so much easier and cheaper.

[jc2706] 11/7/2019 09:07

I confess that I too sent an email fairly recently primarily focusing on the need for quarterly updates, so maybe the cumulative effect has been felt and this RNS is a result. Whatever the reason, it is good news that there is some positive movement in the operations of the company and one thing that is surely guaranteed (unless they are going to stare lovingly at their new toys) is that more ore is being shifted as a result which should translate into greater production in the not too distant future.

Given the timing of this release and the fact that the final results indicated improved ore delivery "towards the end of Q2 2019" we should see these improvements during the second half of the year. Hopefully Q3 will see an update on the debt financing which should be another catalyst.

[tim000] 11/7/2019 08:45

Me too. But the spread is discouraging trades.

[wrighty46] 11/7/2019 08:44

202k shares is a buy. A little top up. GLA

[wrighty46] 11/7/2019 07:42

I would say if the company start receiving regular emails from more than just a couple of shareholders in my experience one of the bod may start to interact a bit more. What we do know is the resource is there decent grades are there and the company are still targeting 100k ounces per year. A mix of internal cash and financing is their aim. With pog where it is the chances of borrowing money will become easier and hopefully they wont need as much now as this company could start throwing off money in the short term. GLA

[roguetreader] 11/7/2019 07:42

A move in the right direction and positive news. An update on current production would be good, where decent results could seriously move the share price higher IMO.
RT

[tim000] 11/7/2019 07:38

Very true. I was an HMB shareholder that suffered a loss of capital when I capitulated and sold up. However, the macroeconomic background is now incredibly supportive, and the performance of the underground mine should now be very well understood by management. It's not like this is a new greenfield project with all kinds of teething problems. I'm hopeful!!

[sandeels] 11/7/2019 07:32

Tim, good luck with that. Blood from stone thus far.

[tim000] 11/7/2019 07:30

It doesn't say when the machinery was delivered, but I guess fairly recently. (There might be fairly long delivery schedules, as dealers don't stock expensive kit anymore.) So my guess would be that the benefit will be seen in the Q3 numbers. Added to the strong uplift in pog in Q3, we have reasons to be hopeful that H2 is going to perform very profitably. As said above, 2p is a perfectly reasonable target in the short to medium term.

[wrighty46] 11/7/2019 07:30

I agree about the little gem. Very profitable production with gold at 1400+ market cap way to low for a company that could be nudging 20k production this year.

[tim000] 11/7/2019 07:25

[e-mail] The RNS gives the London phone number of the FD (I think). I'm tempted to give him a call sometime, see how open they are to PI engagement. Nothing is certain, but this may be an uncovered little gem.

[tightfist] 11/7/2019 07:21

Maybe this morning's RNS will be that re-rating catalyst! Something surely needs to happen - otherwise paint-drying has stunning appeal!

[wrighty46] 11/7/2019 07:21

Which email address are you using ? Contact @altyn. Or has anyone got any specific company emails they are using. And re the news today Q2 production going to be very good. Hopefully gold stays at least where it is now. GLA

[tim000] 11/7/2019 07:16

In my experience, sending positive and polite emails to companies usually works well. This may have been a direct result of buster wanting more timely information. I also requested quarterly production updates, we'll see if they materialise at some point.

[bo doodak] 10/7/2019 15:44

A lot of the small underperforming turnaround miners/explorers charts that I look at have similar set ups, this one is somewhat behind, will be fascinating to see what happens here. Roll on the catalyst.

[wrighty46] 10/7/2019 14:43

Small buy order in at .45 let's see if it gets filled. GLA

[tim000] 10/7/2019 10:30

None I'm afraid. There could be many reasons for him leaving, only a few of which would be cause for concern. I prefer there to be an English person on the board of UK-listed foreign enterprises, let's see who replaces him. In any case, should the business go private, I can't see it being at anything other than a premium to the current share price.

[chrisdgb] 10/7/2019 10:23

Any thoughts on the resignation.........?

[dofmeister] 09/7/2019 19:27

Non exec being paid £29,925 pa

[sandeels] 09/7/2019 17:35

Altyn plc

(‘Altyn’ or the ‘Company’;)

Resignation of Director

Altyn announces that after more than three years, Neil Herbert a Non-Executive Director of the Company has resigned from the Board with immediate effect, in order to pursue other work commitments.

The Board would like to thank Neil for his hard work and commitment to the Company and wish him great success in his future ventures.

[buster2006] 05/7/2019 21:50

The trouble with them is there,s nothing going forward to get new investors in that is annoying for us who invested longterm for the growth of the company . They should be informing us new equipment on site and achieving whats expected and not informing us 6 months later of another balls up as so far its been 10 years of . G.L.A you will need a tin hat with this one .