Altyngold Share Discussion Threads

[jc2706] 11/8/2020 10:58

I would be surprised if it takes until 2023 for gold to get to $2500. I am expecting the peak in 2022 and I expect it to be higher than $2500/oz.

[highly geared] 11/8/2020 10:49

Have to laugh. Gold takes a breather from an overbought $2080 and is off about 2.5% and the sector flaps! It needs a pull back to probably low 1900’s or high 1800 to build a base to continue moving up.

I’ll be surprised if gold isn’t $2500 and Altyn at 12p by early 2023. To watch daily machinations of the share price isn’t good for ones health or wealth..

[78steve] 11/8/2020 10:33

This has to be one of the most nerve wrecking share to hold onto swings up and down senselessly all the time

[onedayrodders] 11/8/2020 10:02

it was unspectacular Q2 RNS but all on track.
PM correction probably not helping short term.

[onedayrodders] 11/8/2020 10:01

that's the aim PennStreet .. to cause uncertainty and flush out weak holders

[pennstreet] 11/8/2020 10:00

It's the big spread, I guess

[pennstreet] 11/8/2020 09:59

Can't understand the price action here? One minute it's up 10% and the next it's down 16% ?

[onedayrodders] 11/8/2020 09:38

indeed cyber but of course the %'s will all be exaggerated by the mm's

[nevgroom] 11/8/2020 09:20

Sorry Steve, you stated the effin' obvious and I politely tried to point that out.

As for maintenance in the Winter, extreme weather in the region make that option fraught with logistical risk which could result in a much longer-term shut-down. Much better to mitigate that and do it when conditions allow in mid Summer. Simple really.

[sloppyg] 11/8/2020 09:08

The irony is at present its the production updates that take the wind out of our sails !!

[cyberbub] 11/8/2020 09:07

Hardly a stampede for the exits at the volume so far...

[sloppyg] 11/8/2020 08:17

My understanding is that the state owned refinery take 100% of the dore at daily spot so clearly something else happened in Q2; possibly as Stonefold referenced agreed some sort of hedging with the refinery in advance of Q2 sales.

[stevea171] 11/8/2020 08:00

Nevgroom. I didn't ask any question. I made a statement that you have just repeated as if you have come up with it yourself.

So you say for ALTN shutting down the mill most probably for the month of June for scheduled mtnce is 'normal'. OK so what other years have they done this and why not advise the market in advance instead of coming up with complete BS after the event?

What other companies do this?

Most miners run at nameplate capacity of their mill and higher with mtnce done so as not to impact production. So mtnce requiring complete shut down of a mill is done at holiday time eg Xmas/New Year or other.

[nevgroom] 11/8/2020 05:43

Steve - A lot of miners run maintenance 24x7 and as a consequence run at c70% effective capacity. Shutting for one month and running at 100% effective capacity for 11 months has its benefits (do the maths). As a consequence of being shut for 1/3 of the quarter, they only milled 2/3 of the ore mined - you actually answered your own question there didn't you ;-).

I like the update, the only surprise was the maintenance shutdown, all else is on track or slightly better than. They might need a decent Finance person on their case though to get the best prices for the product going forward (haha GregPeck7)...

H1 results will be out next month along with a H2 and forward statement - Looking good

[gregpeck7] 11/8/2020 00:55

Maybe Gordon brown is handling the gold sales?!

[stockknobjockeyvanbookstino] 10/8/2020 23:50

King Saurez, the mill has previously put through the equivalent of 850k tonnes and will do so again once its been tweaked. Further equipment has yet to arrive on site, best get the mill sorted and ready to receive the higher grade ore. They previously mined u/g ore at 4g/t and sneaked 90% recovery.

[pjackson2] 10/8/2020 23:50

IMO
Results were acceptable even with a month shutdown.
All eyes will now turn to Q3 knowing excess gold from Q2 will be inQ3.
Should rise slowly now into those next results as long as gold holds its price and then who knows what price after results announced.
Anyone care to take a guess

[stockknobjockeyvanbookstino] 10/8/2020 23:32

Stevea, please sell and put us out of your misery.

If you did your homework you will see they are working well ahead of schedule.

[stevea171] 10/8/2020 22:36

chk. You have been here 2 minutes. You know nothing.

There are people posting who have been here 8-10 years through endless episodes of all this.

[cool hand kev] 10/8/2020 22:23

Another scare monger 😱

[stevea171] 10/8/2020 21:39

RNS: "Ore milled was impacted by scheduled maintenance work at the processing plant required to service the mill, the screen and one of the tanks."

What other mining operation shuts down its mill for a month doing 'scheduled mtnce'?
No where else only ALTN.

Q2: mined 143k t. milled 94k t.

Q1: mined 92k t. milled 92k t.

So according to their own figures they milled 2/3 of what they mined in Q2 whilst milling 100% of what they mined in Q1. The mill is operating at just a fraction of capacity. Is the mill even operational at the end of the quarter? We don't know.

[stonefold] 10/8/2020 19:29

sloppyg,
Perhaps they became cautious and moved from selling at whatever the spot price is on the day of each sale, and instead agreed to sell all of Q2's gold, fixed at the price on the first day of Q2.

01-04-2020 $1,583 oz

[cosmictraider] 10/8/2020 18:35

Some large retrospective buys put through late today ?

[thebradski007] 10/8/2020 18:33

Regardless of difference of opinions on Q2 update ALTN are trading at a 5 year high. Gold market momentum should see share price continue to rise even before proposed better Q3 results. Both combined should see share price move substantially (if of course that is the case). Of course a vaccine could be found tomorrow and the world returns to growth but that is not going to happen in the near / medium term.

[vish65] 10/8/2020 18:21

As posted before the mining plan for 2020 from the AR (pg3) shows

360- 200 m 214,000t x 1.21g
Below 200m 334,000t x 2.08g
Total. 548,000t x 1.74g

Actual H1 235,000t x 1.5g

So for ore mining things seem to be broadly on target if not a little better. That assumes they mined the more accessible ore first and process the lower grade first on the basis of a rising gold price.

As regards the mill one can speculate but if there were legacy issues to address (due to lack of cash) better to action this before the higher grade ore starts to feed through. Historically they have done maintenance in August.

So Q3 hopefully sees a step change in terms of grade, throughput and revenue for reasons others have mentioned aswell.

Most important is the grade. If this 2.0g can be demonstrated then some of the risks can be reduced and should entice further interest from investors not yet convinced of the Altyn story.

Depending on your viewpoint Q3 revenue we should be looking at $8 to $12 million