Altyngold Share Discussion Threads

[jc2706] 20/7/2020 17:09

Indeed. But at least he is a known entity as a result.

[bmnsa] 20/7/2020 15:26

Talks his own book.

[tightfist] 20/7/2020 14:26

I don't think so - yet! There should be 154m (~6% equity) OPTIONS out there, but we haven't seen an RNS yet to report that they have subscribed, regardless of cost, or not!.Everyone must be aware of the illiquidity of ALTN and the perils that would be associated with a significant overhang......

[excellance] 20/7/2020 13:48

i'm looking at HZM this afternoon, on my long term watch list i've bought and sold it several times, but news is due there soon on a consortium of banks providing finance to build there fairly large nickel mine, so i bought back in there too today, spending my EUA cash in small packets when the opportunity arises, and i think something is about to happen at HZM in the coming weeks.

EUA was for a long time my 100% holding, but i've sold 20% of those now and i'm building a derisked portfolio for long term growth with the chance of dividends on coming years.

Obviously everyone has their own style, their own needs, so you do as you see fit for you.

still massively overweight EUA, and overweight ALTN.

[c0lin1] 20/7/2020 13:42

well golds making another multiyear high as we speak

[excellance] 20/7/2020 13:37

that's up to you!

[cool hand kev] 20/7/2020 13:35

So should I top up 🤔

[excellance] 20/7/2020 13:12

it was merely a question...

are there not 154m bounty shares held somewhere?

it is a worry...but when we get Q2 news all the jitters will be behind us i'm sure.

[highly geared] 20/7/2020 13:01

It is plausible the bond brokerage firm are offloading some of their payment shares into the market, especially if they were effectively, nil paid options.

Longer term it shouldn’t matter a jot. A bit of weakness at 2p is neither here or there in the bigger picture

[c0lin1] 20/7/2020 12:45

you've gone all sceptical here Excellance. If i didnt know better i would think you had sold

[excellance] 20/7/2020 12:41

154m shares being dumped?

[red army] 20/7/2020 12:40

Market makers looking for sellers and getting them.

[onedayrodders] 20/7/2020 12:16

impatient hot money moving elsewhere ... not many sales but enough to be irritating

[sloppyg] 20/7/2020 10:17

Agreed Tightfist. Which is why, in my view, if they can b/e this year after servicing all the debt tranches and without relying on related party contributions it will be a decent year and set us up nicely for 2021 and beyond.

Baby steps !

[stevea171] 20/7/2020 10:01

UK Regulatory (RNS & others)
Monday 20 July 2020
Altyn Plc

Subsoil use contract extended until 2030

Altyn Plc is pleased to announce that its subsoil use contract for Sekisovskoye deposit was successfully extended for ten years. Following the approval of the work program the Ministry of Industry and Infrastructural Development of Kazakhstan and the Company signed the addendum #8 for its main contract #555. It's an important step towards the Company's aim to achieve its production and development goals.

[outlawinvestor] 20/7/2020 09:32

Seki mining permit extended for 10 years.

[tightfist] 20/7/2020 08:53

Hi Cyberhub, Excallance,.From the $17m Loan RNS, dated 11th September 2019:."Altyn plc (the Company) is pleased to announce that its application for a loan of US$17m (6.5bln Tenge) from Kazakh Bank JSC "Bank Center Credit" (BCC) has been approved by the bank's credit committee. The loan is repayable in instalments over a term of seven years and bears interest at 6%.".IF it is a mortgage-style straight-line repayment, paid quarterly, (increasing capital repayment and decreasing interest) AND the interest is only on the outstanding capital balance - then the annual cost would IMO be close to $3.0m pa. However, these assumptions will not be wholly correct!........ And I expect there will be some additional arrangement fees..Anyway, a considerable sum to be borne in mind! tightfist

[j4yjaybee] 19/7/2020 18:59

The "inflection point" statement related to the share price.

[cyberbub] 19/7/2020 12:22

Pure interest will be about $80k per month. Depends how quickly the capital has been agreed to be repaid.

[excellance] 19/7/2020 12:04

actually, are the loan repayments not £280,000 every month? cant remember where i saw it...i'll have to dig into the rns's to get the answer...

[excellance] 19/7/2020 12:01

right now the focus is on delivering on targets.

we have taken on quite significant debt for phase one, and are likely to need to fund phase two also unless the gold price rises exponentially from here soon.

the question therefore is on profitability, and at what point our operations become profitable, not merely on an operational basis but also taking into account debt and bond liabilities.

how much per year is our debt and bonds issue costing us?

the company said we've hit an inflection point, so i assume that means a point of being self sufficient financially, and i think that is true, but we need to see Q2 numbers and then financials so the uber risk averse bean counters and investment banks can be satisfied that investing in ALTN is safe.

the bonds alone will be costing us a million dollars per year in interest payments, and our $17m loan at 6% will be costing us $350,000 to $400,000 dollars every month in repayment costs.

so, are we in profit yet?

if we are in profit and the trend is going in the right direction (which it surely must be if we in profit) then we really will see the rerating that we expect to maybe upto £200m mkt cap this year, tho that will take into account expectation of future growth so a bit of volatility should be expected, and not merely the ridiculously large spread.

[stevea171] 19/7/2020 11:37

A quote from the Jan 17th, 2020 Sprott Money Talk when gold was US$1,559.

Eric Sprott: “I have this metric that I use that every hundred thousand ounces of production should give you a market cap of about $400 million. Not Canadian, I'm talking US when I say $400 million per 100,000 ounces. And, of course, that's going to hold even more with the price of gold going up. I probably should be using a higher metric now.”

This is clearly an over-simplified approach as it doesn’t take production cost, reserves, resources, mine life etc into account. On all these measures ALTN would very likely be in the top quartile.

ALTN's market cap is £50 million or $62 million US and production no where near 100k oz just yet. Also gold is now up to $1800 cf $1559 at the time. But indicates a possible valuation of x7 in a few years time if the current production ramp up to 100k oz/year goes to plan and gold remains at $1800.

I expect the gold price to move much higher in the coming years so x10 would make some allowance for that.

[excellance] 19/7/2020 09:25

I tried bitcoin and other cryptos a year or three back, and didn't enjoy the experience.

Blockchain is great auditing technology but is over rated and can't be used as government money because it can't be printed out of thin air for government to spend into infinity like cash can.