Altyngold Share Discussion Threads

[tim000] 13/8/2019 10:53

Thanks. I'm only interested in cash generative businesses, and ones that make a profit too. I know of most of these, indeed I was invested in Rambler for a short while. The coming slowdown is going to hurt non-PMG miners, especially those which aren't self-financing. I'd be wary of investing in anything that consistently needs fresh equity capital.

[excellance] 13/8/2019 10:39

Another is rambler, a copper/gold mining company in Canada.

[excellance] 13/8/2019 09:42

Others to consider, tho not gold, are galileo, Horizonte, and Eurasia Mining.

In the gold space there's ECR which is even higher risk but if successful should be sensational.

[tim000] 13/8/2019 09:37

Actually quite a large profit!

[wrighty46] 13/8/2019 09:26

Should actually be making a profit now. Definitely this one is behind the curve imo. GLA

[chrisdgb] 13/8/2019 09:22

This could finally be the start of the big push upwards.....!!

[tim000] 13/8/2019 09:18

I know all the negatives about shareholder communications, the majority shareholder, etc, but does anyone know of a quoted company that is cheaper than this in terms of its financials? I honestly don't, and continue to buy.

[excellance] 12/8/2019 13:16

Yup

To be fair, someone has been underpinning this for some time, hooking up ALL sells, and slowly slowly raising the bid.

[ilostthelot] 11/8/2019 22:35

This looks poised to breakout out of the long term down trend. With gold at $1500 it wouldn't take much news or maybe no news to see a strong breakout.

[tim000] 09/8/2019 19:18

I agree with you that profits will be reinvested in the business, so it won’t be accumulating cash, but it’s still making profits (and will be recorded as such in the accounts).

[chrisdgb] 08/8/2019 14:17

3p would be lovely.............

[tim000] 07/8/2019 21:15

You’re right, the increase in throughput, made possible by procuring the new equipment, will almost exclusively be in H2. However, there are a few factors that will also impact the H1 numbers, such as the depreciating Tenge, the elimination of $2 mn of annual costs in 2019 and higher mining grades. So I’m expecting the company to make a small profit in H1.

[mikro1] 07/8/2019 20:36

I'm heavily invested here, but I expect all the good news will be in H2 not H1. I invested here as it is in my view the listed share most highly geared to the gold price. IN addition the rising gold price makes it more likely they will get financing, and even if not they should be significantly profitable at current prices. I think the Assaubayev family have treated shareholders very fairly by converting their debt into equity at a decent price and by not taking this private on the cheap - this has given me enough trust to invest here.

[tim000] 07/8/2019 17:44

I’ve mentioned before that the company’s 2019 budget plans set out in the Annual Report are to mine higher grade ore bodies this year, with a consequent uplift to production of around 25% if I remember correctly. Of course that is before making any allowance for higher throughput. If both higher grades and tonnage are achieved this year in line with budgets, my estimates are that the company could make post-tax profits this year of about 0.4p per share, implying a p/e ratio of not much more than 1. So as JC says, good operational news could easily see a rocketing of the share price. 3p isn’t out of the question imo.

[jc2706] 07/8/2019 17:21

Positive news will make this rise very sharply indeed. But we need to see production moving forwards to make a material difference as gold rising alone will be incremental rather than transformational.

[sloppyg] 07/8/2019 15:34

If POG keeps on this run then might have to check my own wallet for the loan !

Payback period must be looking attractive to a potential lender.

The re-rate here could be significant and swift if can just announce something positive on the funding front.

[jc2706] 07/8/2019 14:47

I agree. For most companies there would be ample news to report that would certainly not be classed as 'spin' or 'fluff'. However, this is Altyn and it is not like most companies!

I also agree that it is difficult to see how H2 could not be extremely positive for the company, both in terms of cash generation and profitability.

[tim000] 07/8/2019 13:30

I agree with you, my use of the word spin was clumsy. But improved newsflow is very unlikely so we just have to accept that.

[wrighty46] 07/8/2019 13:25

Not asking for spin. Just updates or confirmation of implementations are having the forecast outcomes. A massive difference imo but we all have our own interpretations of the English dictionary. We dont need all this fluffy news explorers push out to get the share price up prior to dilution etc. Milestone, upgrade, or run rate news or anything similar helps shareholders build a picture going forward can be both positive or negative. I wouldn't class any of the above as spin. But that's just my opinion. GLA.

[tim000] 07/8/2019 13:12

Nothing of course is impossible, but barring any major operational malfunctions then H2 is almost certainly going to be highly profitable. Unfortunately we won’t know that for about another seven months. Still, I agree with JC that ultimately it is profits not spin that will drive up the share price.

[sandeels] 07/8/2019 13:07

...or a'funding received' release!

[jc2706] 07/8/2019 12:49

I don't think that you ought to be looking for improved levels of communication to stimulate a price rise because I doubt that we will get it. For a share price rise the only communications necessary are half yearly reports and a 'funding received' release! The former will confirm production/revenue/cash/profitability improvements whilst the latter will suggest that 'you ain't seen nothing yet'.

Of course, if the half yearly reports are negative then you are not going to see a stellar price increase!

[wrighty46] 07/8/2019 12:37

Must start to play catch up soon. Should be moving comfortably into profit now. Just need the company to start being a bit more proactive. GLA

[stonefold] 07/8/2019 12:32

Time for ALTN's shareprice to follow other gold miners like PAF.