Altyngold Share Discussion Threads

[excellance] 30/6/2020 23:11

Brasso

Have ECR mentioned the newmont interest via RNS?

[novicetrade68] 30/6/2020 18:46

Silver through $18 as well, all precious metals moving in tandem now.

[tightfist] 30/6/2020 18:38

Just take a look at the rapid rise in Gold and GDXJ break-out!

[brasso3] 30/6/2020 17:23

O/T

Keep an eye on ECR tomorrow. It looks like they are in discussions with Newmont.

[excellance] 30/6/2020 17:04

Watching gold in USD tonight!

[brasso3] 30/6/2020 16:13

once gold cracks $1800 I think we will quickly be at 3p here.

[onedayrodders] 30/6/2020 15:48

Gold making its move now ..$1785
and hauling Silver with it.

:o))

[highly geared] 30/6/2020 13:04

Cbeadle, I have the same investment here as I do in BMV. Equally good but for completely different reasons. BMV has been disappointing but for reasons outside their control ( 2019 permit delays). It’s about 9-12 months behind where I thought it would be. The most frustrating thing is the 6 months it’s taken to ( hopefully) secure debt finance to restart the mines. Also, 50% JV rather than 100% owned but if they can get up to annualised 20,000 oz net Share through 2023, it should value them around £65-70 million or c. 4x the current share price.

As far as immediacy and risk is concerned , Altyn is a better bet.

[cbeadle] 30/6/2020 12:19

I am thinking of these, but I think BMV is more undervalued and in a much safer political place than ALTN, although tempting

[excellance] 30/6/2020 10:11

I wonder what the bank balance is now?

$17m loan last year
$10 bond issue completed yesterday
$3.5m revenues every month

Mkt cap just £52m

we are ridiculously under valued.

[tightfist] 30/6/2020 09:59

Trade size was 44,201

[outlawinvestor] 30/6/2020 09:59

But no AT or UT at 2.24p AFAICT
hxxps://www.sharesmagazine.co.uk/shares/share/ALTN/trades

[tightfist] 30/6/2020 09:58

Yes, 2.24p trade at 9:05:59

[excellance] 30/6/2020 09:49

Is there a trade at 2.24p?

It keeps appearing and disappearing on the chart!

I don't have lol 2 these days.

[excellance] 30/6/2020 09:45

Looks like today could be busy.

[outlawinvestor] 30/6/2020 09:13

1m shares bid @ 2.07p - won't surprise me to see it filled, MMs must be getting wound up since it forces them to buy higher off book.

What's not clear is whether the bidder is done.

[update] Bid gone - no trade report so probably cancelled. L2 is always ephemeral.

[excellance] 30/6/2020 08:57

Looking a lot better today, strength returning.

Roll on H2

[excellance] 30/6/2020 08:22

Good points folks, thanks!

[excellance] 30/6/2020 08:20

I wonder if the recent share price dip was due to uncertainty over the bond issue fully completing?

[brasso3] 30/6/2020 08:19

Stonefold

Its an important point. You regularly see small companies taking out loans at 10% - 12% interest that can be crippling during the early development phase. ALTN have the cash now for organic growth.

[stonefold] 30/6/2020 08:16

The advantage of a bond is that the capital is available for longer. Which gives more time for the investment activity to produce a return.

The bond principal is repaid to the bondholder in one full payment at the bond's maturity.

With a loan unless there is a repayment holiday, part of the loan principal starts to be repaid with the first interest payment. So part of the loan would only be available for six months.

[highly geared] 30/6/2020 08:14

Good post Excellence. H1 is up today , so I’d expect a production update in the next few weeeks with formal H1 results September time. Also news of further plant purchases and Teren Sai drilling updates. Lots coming down the track..

[tightfist] 30/6/2020 08:13

Hi Ex, regarding ALTN options on sources of funding, it seems to me they had finally run short of patience and options - the AIX Bonds have accessed significantly more immediate cash to deploy within the business AND have probably helped build the kudos/credibility of both ALTN and JSC in the Kaz financial community too, whilst developing a cornerstone presence on the emerging Astana International exchange..I hope it has also promoted increased Kaz awareness of the ALTN shares and their London listing..... in due course can this lead to a partial trade-sale and reduction in the 70% African Resources holding? tightfist