Altyngold Share Discussion Threads

[excellance] 29/6/2020 13:50

most of todays trades have been very small, with only 2 decent sized trades, the majority are for just a few hundred quid, so the drop to 1.73p is nonsense, because to try and buy any volume will still cost over 2p

meanwhile, i am intrigued to find out what drilling has been done on TS since the CPR last year, and if we will get the drilling results. The drilling budget for the next few years in £1.3 or £1.4m per year, so i expect to see some significant news for that kind of spend.

I think the company alluded to finding a partner to develop the TS asset a while back, i wonder if that plan remains the favourite?

[excellance] 29/6/2020 12:32

Gold is now just £2 from a new all time high.

[cyberbub] 29/6/2020 12:27

If they are planning to just dump 154M shares that could take quite some time at the typical daily volumes!! Unless they found someone to take them off their hands. Hopefully they will be financially savvy enough to realise that it's in their interests to keep hold of at least a big chunk of that holding for the medium term...

[excellance] 29/6/2020 10:07

I wonder if the bounty shares from the bond sale are making their way to market?

154m Shares if the bonds sale is completed if I recall correctly.

That will cause short term weakness but will provide the liquidity for the next legs up.

The fund raising, including a $17m bank loan and $10m bonds issue, must be part of a bigger overall plan, maybe a partnership of some kind?

[onedayrodders] 29/6/2020 08:08

easwarareddy ..

I think the mm's jumped on 2 sales on the day to try and shake some shares out as I guess they are anticipating the 4p and beyond you mention.

Doesn't always go up in a straight line as the chart has clearly shown since April

ODR

[paleales] 29/6/2020 05:32

tinyurl.com/yckf5fch
#BOOOOOOOOOOOOOMM #N4P
@n4pharma

- £186 million government funding from UK Research and Innovation’ - Evotec are involved, i think Nigel has played a blinder here by getting Evo to do the proofing work

[glavey] 29/6/2020 04:19

There's a surprise! Funnily enough, they get posted very regularly all over the boards and they never do.

[highly geared] 28/6/2020 23:20

Jerry, yes apologies , main market..

[easwarareddy] 28/6/2020 22:35

This looked like it was heading to 4p. Any idea why it fell 10 percent? Thought we'd be heading higher

[jerrypike] 27/6/2020 15:27

HG
its not on Aim.
Excellance....agree jurisdiction not too bad at all...far better Kaz than Sierra Leone ,Mali ,DRC etc.

[excellance] 27/6/2020 14:57

£46.24m mkt cap

i dont think the jurisdiction is particularly bad, in fact compared to say South Africa or Zimbabwe i think Kazakhstan is very good. Better than Turkey, Egypt, Spain or Italy, probably equivalent to Greece, Cyprus, Hungary or even Brazil.

[highly geared] 27/6/2020 14:47

and.....

8th October 2019. Competent Person's Report (CPR) Results - Sekisovskoye. JORC
Reserves, Proved + Probable: 3.8 million oz @ 3.6 g/t.
Resources: 6.68 million oz @ 3.0+ g/t.
NPV: $415.4 million using a 2019 gold price of US$1,321/oz

"The report on the Sekisovskoye deposit updates and confirms the world class resources of Altyn."

15th October 2019. CPR Results - Teren-Sai (Area #2). JORC
Reserves, Proved + Probable: 1.45 million oz @ 2.7 g/t.
Resources: 1.48 million oz @ 2.9 g/t.
NPV (Mineral Asset Valuation): $104.2 million using a 2019 gold price of US$1,321/oz

Teren-Sai. Original company estimates for gold deposits in this license area were approx 9 million oz, presumably based on the historic drilling data.
"We intend to continue the exploration of the project, by analysing the 15 remaining targets of this significant project."

Total JORC resources: 8.16 million oz gold at approx 3 gm/t plus silver.
Total potential resources: 6.68 + 9 = approx 15 million oz


So NPV $519million with gold at $1321. Gold now $1770.... so NPV now c. $1 BILLION.

[highly geared] 27/6/2020 14:47

and.....

8th October 2019. Competent Person's Report (CPR) Results - Sekisovskoye. JORC
Reserves, Proved + Probable: 3.8 million oz @ 3.6 g/t.
Resources: 6.68 million oz @ 3.0+ g/t.
NPV: $415.4 million using a 2019 gold price of US$1,321/oz

"The report on the Sekisovskoye deposit updates and confirms the world class resources of Altyn."

15th October 2019. CPR Results - Teren-Sai (Area #2). JORC
Reserves, Proved + Probable: 1.45 million oz @ 2.7 g/t.
Resources: 1.48 million oz @ 2.9 g/t.
NPV (Mineral Asset Valuation): $104.2 million using a 2019 gold price of US$1,321/oz

Teren-Sai. Original company estimates for gold deposits in this license area were approx 9 million oz, presumably based on the historic drilling data.
"We intend to continue the exploration of the project, by analysing the 15 remaining targets of this significant project."

Total JORC resources: 8.16 million oz gold at approx 3 gm/t plus silver.
Total potential resources: 6.68 + 9 = approx 15 million oz


So NPV $519million with gold at $1321. Gold now $1770.... so NPV now c. $1 BILLION.

[red army] 27/6/2020 14:45

That link does not work in way it is suggested

[highly geared] 27/6/2020 14:44

From a couple of months ago :

Just done a little research of miner valuations based on ‘gold in the ground’ valuations.

Based on average valuations across c. 100 Tsx.v listed miners , resource values come out at:

$160 - proven or probable reserves
$30 - measured and indicated resource
$20 - inferred resource

These values will increase if gold rises beyond current levels, ditto if it falls significantly < $1500 .

Looking at Altyn, I get $840 million for our 5.25 million oz reserves and $87 million for our Jorc resources. If a nominal value is included for the unexplored acreage of the Teren Sai licences then I’d round up to $1 billion or £800 million.

I’d like to think that as a producer, these values are justified.

If we discount for political risk , I’d like to think £500 million is a ball Park for where we should be.

That’s why I regard this as this as the best risk reward gold play on AIM , especially in view that the majority share holder with 70% is absolutely aligned to retail shareholders in delivering shareholder value.

[paleales] 27/6/2020 14:33

SocGen, Suisse, Peel Hunt , Goldman sachs TOP PICKS for July recovery
27th June 2020 FT Subscription with screenshot

[excellance] 27/6/2020 13:54

500,000 t ore pa x 1.7g/t x 80% recovery at $1400 is my estimated worst case scenario...

I still get revenues of $29m for about 20K oz pa.

Costs per ounce would be higher, say $800 per ounce, or 20,000 x $800 or $16m

So operating profit would still be $13m or £10m so with a pe of 10 we're still worth £100m mkt cap, double our current valuation!

Anyone who sells this as part of a strategy is crazy in my opinion.

Many indicators point to significant market turmoil starting on or around July 15th, and that should be great for gold and gold miners leveraged to the gold price.

Of course some people may need to cover losses elsewhere, so using any leveraged positions right now would be very risky in my opinion.

In anything other than precious metals exposure my bet is that going to cash for the short to near term would be sensible.

I believe ths markets are about to see a significant crash, and correction, before starting to rebuild once the financial system is rebooted.

The future is bleak, the future is gold!

[sandeels] 27/6/2020 13:32

Would've made more sense to do it Fri.

[jc2706] 27/6/2020 11:05

Trading this is a pretty bad idea given the spread. It is not even as though the published spread is much wider than the actual spread.

[excellance] 27/6/2020 09:49

Lol

Yes, steves cup is now half empty and he's focusing on the pessimistic fearful side of things, but really we know hes sold out and wants back in as low as possible.

So let's look at what would be a reasonable worst case scenario.

Excluding catastrophic events, maybe gold will fall a little, back to say $1400, and maybe delivery of equipment is delayed, and maybe the bond sales are slow and raising capital difficult, what then for the sp?

I still don't see the share price falling as low as 1p.

1.5/1.8 maybe at a push.

6 weeks til Q2 numbers, so six weeks for games to be played, not withstanding other news we aren't expecting.

[c0lin1] 26/6/2020 23:16

Looks like Steve is trying to trade it. Good luck with that

[highly geared] 26/6/2020 22:54

Altyn’s reserves are valued at less than $10/oz with gold at $1770..

[78steve] 26/6/2020 22:49

The market needs more convincing if they can demonstrate the production level is going up in next couple of updates it will i am sure be reflected in the shareprice. There has been too many cases of hyping prices up and then nothing to show on actual results and so market is very wary these days

[highly geared] 26/6/2020 22:37

All of it theoretically, that’s why it’s defined as a reserve. It’s all in the CPR’s.