Altyngold Share Discussion Threads

[excellance] 16/10/2020 11:53

Looking good for another top up soon

[excellance] 15/10/2020 20:52

i am comfortable with my substantial investment here, just as i am happy with my investment in EUA, and these two holdings are by far my biggest and both are former soviet union.

EUA were painfully opaque in their communications for a decade or more, but look at the result. There is a certain clandestine nature to the way these companies communicate and perhaps it needs to be.

I am not selling a single share, tho i recently added in the dip, and as said many times my plan is to hold for the long term, and that means riding the ups and downs, but that doesn't mean i wont whinge about them at times.

[cosmictraider] 15/10/2020 19:47

I agree that communication is not their strong point, but having spent some time in Kazakhstan I’m afraid that’s just how it is and it’s unlikely to change, unless as you say they employ the services of a Western PR company to manage it for them.

I also suspect, given the senior years of some of the Management Board a lot of it stems from the many years living under the communist Soviet Union times. I for one don’t see anything sinister about this, it’s just in keeping with an engrained philosophy of Soviet management style. These from my experience stem from a set of deeply rooted principles, traditions, values, and priorities that they show no sign of abandoning in favor of Western systems. In fact, their management system (as opposed to their economic system) may not have served them as badly as Western investors assume. Given the economic realities of peremptory centralized planning, state monopoly, and constant shortage, a remarkable number of former Soviet enterprises produce usable, sophisticated products and care for their workers as well, as demonstrated the various Altyn RNS on the importance of caring and supporting financially their employees, their villages and even infrastructure. As alien as Soviet management practices may seem to Western investors, it helps to understand them if we are to avoid frustration at the speed and progress of their communication.

In conclusion I am firmly of the opinion that within the next 12 – 18 months the company will present a number of encouraging developments to shareholders which will reward the patient investors way beyond the negative expectations of those who have already abandoned this ship before the wind has had a chance to fill its sails.

[stonefold] 15/10/2020 19:28

Companies open social media accounts and web domains to prevent third parties squatting on them.

Better they get on with running the business and enjoy quiet family time, rather than chatting with internet strangers.

[excellance] 15/10/2020 18:36

maybe you could ask why they bothered creating a twitter page then never use it, or have they lost the password to log in?

[wrighty46] 15/10/2020 18:17

I have been very active through messenger with the company. The messages come up as being read but I have not had any replies to questions as of yet.

[excellance] 15/10/2020 17:09

I know that some people fear a hidden meaning to the recent rns that may mean production has recently been interrupted due to tailings storage capacity, but I disagree.

Coming just a few days after the ventilation upgrade rns I think it's a genuine update without hidden message.

To put a hidden message in would be rather dishonest in my opinion so is very unlikely.

It was, however, a little unclear exactly what triggered the rns, but possibly the focus from designing sec 4 to moving on to design sec 5.

[excellance] 15/10/2020 16:54

Monday 9th November would be about right.

[novicetrade68] 15/10/2020 15:43

From memory the company always reports their production numbers 5-6 weeks after the quarter, perhaps mid-November for the next update but would hope the numbers have increased again.

[highly geared] 15/10/2020 15:37

That’s the problem. Their communications are lacking and when they do RNS stuff, there’s no spin on it that’s needed in the modem world to build perception and positive sentiment. They really need a UK PR form to help market the company to the UK investor.

[excellance] 15/10/2020 15:34

By the look of it they don't even look at their own twitter page.

[cyberbub] 15/10/2020 14:03

You could try tweeting them Ex and ask when their Q3 results will be out? See if they respond!

[excellance] 15/10/2020 13:10

a quick look at altyn plc twitter account and you will see no activity at all on their page, they haven't tweeted once!

strange for a company hoping to promote themselves and sell their stock.

[excellance] 15/10/2020 13:08

H1 30-9-20

"The positive benefits of the introduction of the new equipment is continuing in to the second half of the year."

H1 2020 gold production from Sekisovskoye was 6,990oz, compared with H1 2019 of 5,561 oz. The level of production in the period was affected by the scheduled process plant maintenance which was largely completed in H1 2020

The turnover has increased to US$11.5m (H1 2019: US$7.2m). The gold price achieved averaged US$1,693oz during the period (H1 2019: US$1,308oz).
The Company made an operating profit of US$3.9m (H1 2019: profit of US$1.3m), with a net profit before taxation of US$1.0m (H1 2019: loss of US$0.6m).
The total cash cost of production was US$926oz (H1 2019: US$1,015oz).

“With the required capital in place we are pleased that the Company is progressing its plans of increasing production and realising the full potential of the gold targets. With the potential of Teren-Sai and the increased production from the existing mine, the future looks positive for the Company and its shareholders

[excellance] 15/10/2020 13:00

Q2 10-8-20

Ore mining output up a significant 55% quarter-over-quarter with 143,400 tons of ore mined in 2Q20 (92,324 tons in 1Q20). The positive momentum in production growth is expected to be maintained over the coming quarters.

Average grade came in line with our internal budgets at 1.5g/t. Significant capital and horizontal development are being currently undertaken at the mine. In addition, the new exploration drilling equipment that only arrived at the end of the second quarter should substantially reduce dilution and improve grades in 2H20 in line with our annual budget.

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

Revenues were flat given timing differences of the sale of production to the refinery. As such, revenues from the gold produced of 718oz in 2Q20 will accrue in 3Q20.

[excellance] 15/10/2020 12:34

Looking weak today, could be a buying opportunity soon?

[cyberbub] 14/10/2020 18:11

Yes I would expect to see a divi in due course... The family will certainly be wanting a clear return on their investment! If the POG rises and stays in the low $2000s then I wouldn't be surprised to see a small divi starting as early as 2022, say 0.25p? But yes long term once debt is paid down there could be a bigger divi, I doubt as much as 2p unless POG really rockets, but 1p+ definitely... 100% divi for me if that happens... Or 50% for people buying today...GLA NAI

[excellance] 14/10/2020 17:25

Investment in this company should really be considered a 2 to 3 year minimum commitment.

Yes production is ramping up and a lot of cash has been raised and is being spent but the rewards won't be overnight, we need to accept a steady increase over an extended period.

Even at 2p this will yield a very high return over a few years. It may be exciting when the share price rises and frustrating when it falls but it will zig zag onwards and upwards for years to come.

Maybe in 3 or 4 years we'll see a dividend...equivalent to the current sp?

[timgw] 14/10/2020 17:14

Would have thought that the current gold price would have had greater effect on the share price. Nudged my cost price a short time ago but back down again now.

[excellance] 14/10/2020 16:25

£50m mkt cap, near 25-30,000 oz of gold production next year, rising considerably beyond that, with a new open pit mine expected in 2022/3

presumably debt levels are dropping as repayments are made, so about $15m debt remaining, possibly less.

we have to expect a little disruption from time to time as new equipment is installed and commissioned, but the benefit will be seen with increased efficiency and capacity.

3 weeks to Q3 result.

[caedwalla] 14/10/2020 13:51

OK my mistake. DYOR as they say!

[nevgroom] 14/10/2020 13:29

Different country too - Apart from that, great info (for someone)

[king suarez] 14/10/2020 12:48

This is not Altyn Plc - different company, different region, different mine!

[caedwalla] 14/10/2020 12:32

'Alliance Altyn, part of Russian Platinum Group, said it has shut its Kyrgyzstan gold mine after an attack. The country is facing violent uprisings over a disputed election result. A group of local citizens have tried to enter the production facilities of several gold mines.' This is on Kitco:

[highly geared] 14/10/2020 11:53

ODR , absolutely. I have 80,000 TXP, will hold for 3 years and possible £5 share. Ditto ALTYN, when I hope for c. 10p (hold 6 million shares). That will take me to 58 which will do for me. Enjoy current job (Divisional MD , Consultancy Business) but 50 hours/week + travel + delivering £20 million of business takes its toll.