Altyngold Share Discussion Threads

[wassapper] 13/7/2020 14:23

rogue trader. Thanks. The perspective of other companies and their recoveries is interesting. I also look for mid-90's but here it would seem not to be an issue. Sad nevertheless!

[miguelh21] 13/7/2020 14:02

yeah Penn made a bucket load hope its the same for you!

[pennstreet] 13/7/2020 13:54

Hi miguel - are you still in at EUA?

[roguetreader] 13/7/2020 13:51

Wassapper
See Chip’s posts 2606& 2607

[wassapper] 13/7/2020 13:37

Hi all - looking to buy here. I'm a long term CAML investor so comfy with Kaz. Can anyone advise on why their recoveries are so low. I've read 83% or so in some of the RNS. If they could get that to 90% plus it would make an enormous difference. There's also a tailings opportunity for someone, someday maybe.

[miguelh21] 13/7/2020 12:57

hello Penn nice to see you in

[onedayrodders] 13/7/2020 12:39

Reminder from last Quarterly production report

"Production up a significant 130% year-over-year spurred by new equipment deliveries with 92,324 tons of ore mined in 1Q2020 (40,171 tons in 1Q2019). The positive momentum in production growth is EXPECTED TO BE MAINTAINED OVER THE COMING QUARTERS."

That was Oozing confidence and was a real change in optimism, it was a big statement.
I'd like to think they know why it wasn't a risk to commit to the same.

ODR

[upthepool] 13/7/2020 12:26

Echo the thanks Ex for bringing this to my attention. Had 4 nibbles here over the past couple of weeks so building a position

[pennstreet] 13/7/2020 12:13

Thanks for the tip, Ex. I'm in

[excellance] 13/7/2020 11:43

2.58 paid...ready to rocket!!!

[onedayrodders] 13/7/2020 11:38

Weren't we due delivery of more equipment ... I guess its delivered but they see no need for an RNS every time

[stevea171] 13/7/2020 11:35

Lack of Investment funds has held the company back. But not now.
See the old equipment in use in the mine in this company video:

[stevea171] 13/7/2020 11:03

Production this year is increasing due to an initial $17 million of new funds spent on new plant, trucks, loaders, drills etc. Old, clapped out, heavy mtnce equipment is being retired. Capex on further new equipment is expected in H2 due to the completion of a $10 million bond 2 weeks ago which will raise production further this year and going into 2021.

H2/20 production is on an improving trend. It could be 20k oz - double H1 expected outcome.

Revenue this year will be increasing dramatically due to production increases and the improving gold price.

H1/19 result was 5,561 oz at gold $1308 = $7.2 million.

FY/19 result was 10,500 oz at $1390 = $14.9 million

Estimates cf 2019:
H1/20 10k oz @ $1620 = $16.2 million (+$9 million). gain 100%+

FY/20 25k oz @ $1700 = $42.5 million (+$27.6 million). gain 150%+

[highly geared] 13/7/2020 11:00

Personally think it’s an easy 4 bagger for people buying in now, with the outside potential of a 10-20 bagger over 2-3 years if gold goes to $2500 -$3500. The NPV of the reserves and resources must be c $2billion now and we’re still sub £70million market cap.

[excellance] 13/7/2020 10:57

2.6 being paid

Whoosh

[cyberbub] 13/7/2020 10:15

Maybe I'm being a bit optimistic... Not long to wait anyway!

[nevgroom] 13/7/2020 10:12

Q1 was 11th May, maybe look for 10th August

[nevgroom] 13/7/2020 10:11

I would expect 1st week in August Cyber

[cyberbub] 13/7/2020 10:10

Q2 production update back end of this week maybe? Next week certainly in any case.

[cyberbub] 13/7/2020 10:09

Some big buys coming through now at 2.40p...

[brasso3] 13/7/2020 09:50

This chap on Twitter is not very positive on EUA:-

WShak
@WShak1
·
19m
#EUA will be responsible for £0.5bn losses by retail investors and the LSE and AIM regulation will be responsible for that.

I was wrong to think that they wouldn't let this trade again but I won't be wrong about how it ends up.

It is fascinating to watch though.

[jc2706] 13/7/2020 09:49

Excellence,

According to EUA's website they have 2m oz palladium from what I can see. I understand that they have a large target but I have yet to see anything that suggests that it is a defined resource.