Altyngold Share Discussion Threads

[miguelh21] 23/7/2020 09:35

1885 2k soon

[excellance] 23/7/2020 09:32

in england men under 67 men are more likely to kill themselves than die of covid 19.

in scotland the average mortality age for men is 82, but the average mortality age for male covid victims is 84.

the reason so many people caught covid is because hospitals are great incubators for that and many other illnesses, and of course because of dogma our doctors were trating covid like pneumonia and killing most of the patients. we have since learned (by the deaths of tens of thousands rather than listening to the chinese) how to best treat covid victims.

in russia and FSU countries they ave way better numbers than we do, and this is of course an embarrassment to our fantastic leaders, so we accuse them of lying, which is of course outrageous and deceitful but it is what we have come to expect.

[brasso3] 23/7/2020 09:31

$1900 today?

[tightfist] 23/7/2020 09:31

Thanks for that tim. I thought I had read that the two major Kaz. cities had got a problem and were locked down. I had envisaged that COVID would eventually be spread into the local town AND that the mineworkers commuted back to their homes on a daily basis and COULD become exposed/infected..(That is in contrast to SRB where their remote location, quarantining and on-site accommodation for weeks at a time works in their favour. They should be back up to full speed in P10)..Lots of assumptions there in respect of ALTN. Cheers, tightfist

[onedayrodders] 23/7/2020 09:22

cheers jerry .. shows how much I know !

;o)

[tim000] 23/7/2020 09:20

Kazakhstan, like all other FSU countries, has very little covid. I've researched covid quite thoroughly. In England, if you're under 40, you're more likely to die in a road accident (in a normal year) than of covid. And one-third of people aged over 60 who died with covid (not necessarily due to covid)died in a care home, despite only 2% of that age group living in a care home. That was partly due to government policy, clearing hospitals of the elderly and putting them into care homes, giving them a death sentence in the process. Covid is serious, but those countries that have imposed lockdowns have massively over-reacted and that has resulted in more excess deaths because of the loss of normal healthcare services. Kazakhstan doesn't have a covid problem.

[jerrypike] 23/7/2020 09:07

ODR
My understanding there is 850
JP

[onedayrodders] 23/7/2020 08:56

SRB usually have circa 360 employees on mine site .... so very difficult to accommodate Covid 19 distancing rules ... I don't know the number but would assume ALTN have far less to deal with.

From the corporate video showing the vast mine ALTN mine site, I have't seen more than 4 people in any one frame.

Happy to be corrected.

[tightfist] 23/7/2020 08:29

Hi Excellance,.The ALTN/SRB comparison was an aspect I raised the other day. We know so much more from management about what is going on (and now going to go on) on the ground at SRB than at ALTN..SRB management are taking European best-practice into the challenging environment of Brazil. Correct me if I am wrong, but I don't think we yet know anything about the COVID risk control measures being undertaken by ALTN, apart from the few words of acknowledgement on 11th May (and the re-siting of the AGM!).Maybe the anticipated H1/Q2 results will enlighten us (a little!). Cheers, tightfist

[excellance] 23/7/2020 08:23

some nice grades at GGP but at 1km depth, and at that depth grades need to be high to make it feasible on a cost basis.

grades like 1.3g/t are simply not profitable at that kind of depth, but there is an awful lot of gold there.

[jc2706] 23/7/2020 08:23

Which is completely ridiculous! Very little value in GGP compared with other gold miners.

[brasso3] 23/7/2020 08:05

I expect GGP will be valued at around 12x that of ALTN at some point today.

[tim000] 23/7/2020 08:02

I doubt there are many quoted gold miners anywhere in the world with the attributes of ALTN combined with its current EV. I have only found AIS in Australia that imho has equal value.

[excellance] 23/7/2020 07:57

SRB Q2 numbers out this morning, and again produced ounces drops but due to covid precautions on site, so i suppose understandable.

How do those numbers reflect on ALTN i wonder?

[highly geared] 23/7/2020 07:45

JC2706. Post tax acknowledged. Too tired at the time to try and work out + assumed accumulated losses to tax will mean a tax holiday for some time. You get my drift re: the indicative calculation...

Because of the huge reserves and decades LOM, it should be reasonable to use PE metrics, albeit , the asset valuation should start to come into play as this increasingly becomes an asset takeover play..

[jc2706] 23/7/2020 07:39

I believe that ALTN will start to surprise with numbers over the coming years. There is a real prospect of filling the processing plant with higher grade ore over the coming quarters which will transform the outlook. At the same time gold should remain strong (although I am expecting a pullback soon). This will drive cash generation and then a whole host of possibilities exist considering the plans for the processing plant, reserves, resources and Teren-Sai. The latter could well prove to be a huge value driver in the years ahead.

I still can't see another gold miner on the UK market that offers anything like the combination of attributes that ALTN has. The comparative value with the likes of GGP and EUA is absurd.

[jc2706] 23/7/2020 07:29

A PE ratio is based on post tax data. You will also find that all sorts of rubbish are thrown at profit so it becomes a very unreliable measure of value. This is why my preferred measure is cash.

[highly geared] 22/7/2020 23:20

Sensible production numbers.

2021: 45,000 oz

Sales price - AISC , say $2000 - $700 = $1300 x 45k = £47 million
Minus £7 million for G&A , ongoing Capex, finance costs.

£40 million Pre tax

PE of 7 = £280 million market cap.

Share price 11p , give or take.

Market always looks forward. H2 2020 production levels , gold oz, should be available by February 2021. Extrapolate for 2021 performance and value to that level. Pre cursor should be Q3 2020, hopefully confirmed by early November.

Ergo, share price should rise progressively over the next 9 months to double figures.

[stockknobjockeyvanbookstino] 22/7/2020 23:04

I calculate
25,000 Oz 2020
45,000 Oz 2021
70,000 Oz 2022
+ Teren Sai 2023/4

[highly geared] 22/7/2020 22:47

Anyone selling now is just plain nuts! Nearly 10 million oz of reserves/resources with gold nearing $2000, a producing mine with $27 million Capex investment to drive production up to 50,000 oz and beyond over the next 12 months.

Selling too early will be the biggest regret of anyone , as this gold bull market is getting truly underway.

[fiddling12] 22/7/2020 22:18

Looking forward to the q2 update which we should get in the next week or so.

[miguelh21] 22/7/2020 22:06

Sorry 1870$ 1470£

[miguelh21] 22/7/2020 22:05

1871$ 1470£

[stevea171] 22/7/2020 19:38

The closing price is the benchmark for the day. By painting the tape lower with these closing UT 2 share trades this person is giving a lower picture on the ALTN chart than true. They are trying to hold the price down but I doubt it will work ....