Altyngold Share Discussion Threads

[excellance] 30/9/2020 12:29

I must add that Altyn itself has nothing to do with these allegations, it's all to do with the ruling family business dealings.

[excellance] 30/9/2020 12:26

See the top link in the header...

"The Assaubayevs have at times played a dominant if contentious role in Kazakhstan’s gold sector. Their company KazakhGold was once the country’s largest producer of the metal. The company was taken over by Russian company Polyus Gold in 2009. That deal ended in acrimony the following year, however, when the owners of Polyus Gold filed suit against the Assaubayevs for allegedly making false claims about the value of their company.

The Assaubayevs strongly denied those accusations, but the row came to an end after they agreed to buy back KazakhGold subsidiaries in Kazakhstan, Romania and Kyrgyzstan for around half a billion dollars.

The Assaubayev business has had trouble closer to home in recent times. In August 2018, the Kazakhstan edition of Forbes magazine reported that they were among the delinquent debtors being pursued by the Single Accumulated Savings Fund, or ENPF in its Russian initials, a roughly $25 billion National Bank-managed investment pot being used in part to finance the country’s pensions.

Since the Lady MM disappeared into the depths of the Mediterranean Sea, some wild if unsourced figures have been cast about as to the extent of those liabilities."

[onedayrodders] 30/9/2020 11:57

Cyber .. you would think our priorities are aligned with the board.
So should be no need to feel the need to email them .. they will be doing their best.

But yes pretty depressing currently

[onedayrodders] 30/9/2020 11:42

I'm guessing Central Banks know the game is up and what's on the way....



Good for gold

[cyberbub] 30/9/2020 10:11

Strikes me that a few emails to the company might help? Certainly can't do any harm anyway.

[highly geared] 30/9/2020 09:46

If H1 results are issued 31/10, Q3 results should be declared.
The company embarked on a better comms approach, they need to stick with it.
Clarity on the bounty shares given to the bond arranger is also required.
The good will built up with the market has evaporated since the last announcement.
News-flow is needed to rebuild confidence ( again ).

Strategically, the reserves are worth multiples of the market cap. If they cannot deliver improved production, the for sale sign needs to go up. H2 2020 is critical, we should know by February 2021 where we stand.

[king suarez] 30/9/2020 09:34

Excellance,

Could you elaborate a little on the legal situation with poly? Not something I was previously aware of, thanks!

[excellance] 29/9/2020 23:49

If that is the case, once the overhang clears they can release good news. I now wonder if Q2 was planned to be slow, for a portion of the gold was intentionally held back, so ths weak handed limp waisted stock dumper would not be rewarded, and another party can pick them up on the open market at a discount.

[cyberbub] 29/9/2020 23:12

If the 154M are being drip sold (which was what I'd suggested too) then what we need is a return of decent volume from 'good news'. 154M is a lot (assuming they're dumping them all) but it could be gone in a few weeks if buyers return... Hoping the next results are good....

[bmnsa] 29/9/2020 21:01

Edit-
Hope you guys looked into GGP & EEE given your misgivings a while back as to valuation etc
Aussie land is the place to be.

[onedayrodders] 29/9/2020 15:54

Are we ? Nothing happening as far as I can see

[gregpeck7] 29/9/2020 14:36

Fair Enuff mate. Have started a thread. It's worth a look.

[cool hand kev] 29/9/2020 13:51

SP creeping back up :-)

[excellance] 29/9/2020 13:38

Happy here littlepup7

[gregpeck7] 29/9/2020 11:39

New ipo... ccz. Well worth a look. Primarily a copper play but looks like they also have gold on their hands now..

[onedayrodders] 28/9/2020 19:56

Looks like I called gold wrong

:o)

[excellance] 28/9/2020 14:34

With only just a few weeks before Q3 numbers are released, what can we expect?

I assume the mill will be working as planned and has caught up with any backlog, so the bottleneck must now be somewhere else, and production and revenues MUST show a marked improvement.

During the period gold hit new all time highs, so revenues MUST be at exceptional levels....Surely?

We must be near $8m revenues per quarter by now!

Of so, on an operational level, are we making profit yet?

[excellance] 28/9/2020 11:54

Today gold is flat in USD but the GBP is very strong, due to confidence in trade talks with the EU.

[onedayrodders] 28/9/2020 11:48

Gold not found a bottom yet in this 'after shock' period IMHO

Maybe its closer to $1800 but hopefully not below

[excellance] 28/9/2020 11:43

A little market background for this week.

[excellance] 28/9/2020 10:58

Yes, very disappointing at the moment.

The worm will turn, eventually.

[avsome1968] 25/9/2020 19:36

Hope so nursing a 18% loss here at the moment need some news.

[onedayrodders] 25/9/2020 16:41

agree on all that ... fingers crossed