Altyngold Share Discussion Threads

[excellance] 07/10/2020 10:11

Surprisingly little volatility

[stevea171] 07/10/2020 08:37

What is needed is for the company to release Q3 production before the end of October along with the rest of the PM miners ... and then to do likewise for each quarter to provide topical information and adopt present practice across the sector.

[vish65] 07/10/2020 08:33

To put todays RNS in perspective :

From the Half year report
"Extensive capital development was completed in the period lowering transport decline 1 to +178masl and transport decline 2 to +163masl"

Fron chipperfrd - 29 Jul 2020 - 16:19:25 - 3378 of 4363

Overall reserve grade at Seki is 3.54g/t from 33.48Mt ore (3.81Moz).

By level it is as follows:

Level (masl) Ore Mt Au g/t Au Moz
300-350 0.86 2.77 0.08
250-300 0.96 2.69 0.08
200-250 1.45 2.9 0.14
150-200 1.78 3.36 0.19
50-100 3.06 3.28 0.32
0-50 2.5 3.27 0.26
-50-0 2.87 3.99 0.37
-100 to -50 2.72 4.02 0.35
-150 to -100 2.34 3.83 0.29
-200 to -150 2.41 3.97 0.31
-250 to -200 2.51 3.81 0.31
-300 to -250 2.15 3.55 0.25
-350 to -300 2.39 3.59 0.28
-400 to -350 3.38 3.32 0.36

[onedayrodders] 07/10/2020 08:20

To be fair it's not really a price moving RNS IMHO

[pennstreet] 07/10/2020 08:18

No response to the rns!! This is frustrating

[stonefold] 07/10/2020 08:13

From their current understanding of the ore bodies in the mine, the deeper the ore the higher the grade of gold. So they are making good progress towards the more profitable mining zones.

[excellance] 07/10/2020 08:07

So far they've been limited to the upper low grade areas.

[tim000] 07/10/2020 08:04

"Positive momentum in ore production" doesn't suggest any detrimental impact.

[excellance] 07/10/2020 08:03

A poorly designed mine or complex ore system can restrict access to ore and limit movement significantly.

Ventilation and ramps are key

[tightfist] 07/10/2020 07:50

Just a quick word of caution. Elsewhere I have been invested the underground movement of waste development/expansion rock really did impact production ore flow for a long period. .That was a shaft mine - I guess it all depends on the detail of the underground logistics plan and haulage capacity?

[excellance] 07/10/2020 07:27

I doubt construction of ventilation or ramps disrupts production, and we built up stock piles for the mill in any case.

If the mill worked right thru Q3 then gold poured should increase significantly.

[stevea171] 07/10/2020 07:18

3 RNS's in 8 days. Altyn appears to be trying to sweeten up the market after a long recent silence following Q2/H1 production numbers killed high expectations and the share price

Is this new engagement with share holders in advance of reasonable results that can be expected for Q3?

[excellance] 07/10/2020 07:12

Material rns...

So the air blower heater ventilation is in place, and construction of the ramps is going on now.

This is material because good ventilation and ramps are both pre requisit for underground mining and are vital.

[stevea171] 07/10/2020 07:10

ALTYN PLC: Infrastructure development of the Sekisovskoye underground mine
07/10/2020 7:00am
UK Regulatory (RNS & others)

In line with its continued development drive, Altyn is pleased to announce the purchase and commissioning of the following equipment in Q3 2020:

-- Korfmann AL18-2500 ventilator with a capacity of 100 m3/s;

-- Lupamat LKV250 compressors, each compressor with a capacity of 45m3/min;
and

-- CFO flower heaters -100.

With the following equipment in place in Q3 2020, Altyn has commenced constructing the main ventilation unit with a warm air blower heater and compressor unit 6kV O/H line. This will allow the construction of transport declines No. 1 and No. 2 in order to access deeper mine horizons (up to 450 m depth) and therefore maintain the positive momentum in ore production.

[excellance] 06/10/2020 21:07

Nice video

[onedayrodders] 06/10/2020 20:43

For those that like charts and can spare 15 mins, here is a very interesting Gold chart summary to end of 2023.



ODR

[excellance] 06/10/2020 19:19

That would equate to a £23m mkt cap

I think we'll see volatility but it's a storm in a tea cup really.

[highly geared] 06/10/2020 19:16

If it drops to 0.85p , I’ll double up my holding..

[excellance] 06/10/2020 19:08

154m shares out of 2700m is only a small percentage, about 4%, so maybe it'll boost liquidity and stimulate trade.

Good news due regardless, and it's all about mkt cap which is just £40m at the moment.

I can't wait for the Q3 production numbers in November.

[excellance] 06/10/2020 18:33

"is expected to occur on or around 12 October 2020"

[novicetrade68] 06/10/2020 18:21

Ah ok thanks Stonefold, I guess we'll have to wait a week then.

[stonefold] 06/10/2020 18:19

You won't see a holdings RNS tomorrow as the shares are aimed to be issued 12-10-2020
and FF then have a couple of days to notify the company of their holding.

[excellance] 06/10/2020 18:17

Obviously we all fear a big dump, selling 154m for whatever they can, but that would be utter madness.

More likely they have already been talking to third parties, maybe their own clients or perhaps fund managers, to arrange blocks of stock.

[novicetrade68] 06/10/2020 18:01

On a bid of 1.50p the FF shares are worth double tomorrow morning, I think the issue is these incentive shares are a broker fee and 'Freedom Finance' cannot be assumed to be a long term holder so I guess we might see some volatility if they want to capitalise fast and then in theory a crash to 0.85p can't be ruled out if FF needs its return in a very short period ie 2 weeks or so because then 154m shares is a lot to shift.

If on the other hand we see a holding RNS from them tomorrow morning then it's still difficult to say but could indicate they're less hasty.