Altyngold Share Discussion Threads

[excellance] 08/12/2020 09:57

5157 sums it up quite well.

I'll add that Q3 numbers are from July to September, we are nearly at the end of Q4 now, and the numbers may have significantly improved already.

Maybe all the disruptive stuff is already done?

[excellance] 08/12/2020 09:50

I'm fairly sure we'll see our mystery new investor show themselves quite soon.

[jc2706] 08/12/2020 09:42

I suspect that most if not all of us have a similar outlook here -

- Assets are great
- Funding should significantly increase production
- Positive outlook for gold/revenue increase/profitability
- Frustration over rate of progress
- Frustration over level of communication
- Not convinced by the competence of the people in charge
- Poor history of accomplishment
- Lack of clarity over when the 'golden recovery' will begin
- Still convinced that it will happen and that the subsequent rerate will have been worth the pain!

[sloppyg] 08/12/2020 09:31

Not a lot to smile about in that update for sure

Reading between the lines we are not getting the full story with regards to milling issues and an immediate capital injection was required to try and get things back on track.

They have clearly spent or have commitments that utilise all of the bond/previous bank loan hence the requirement for this supplementary loan to sort out processing.

The positives are that the bank is still comfortable with funding the business to the tune of a now not insignificant c.25m USD. Also that we are at least still getting Qtrly updates.

We really are approaching crunch time now as there is debt that needs servicing and we have no detail about covenants/security etc.

[cool hand kev] 08/12/2020 09:25

Well the market’s not impressed this will be a penny share soon 😢

[bsg] 08/12/2020 09:19

If you were in at 0.5p you've watched a lot of profit drift away?

[onedayrodders] 08/12/2020 09:10

Agreed MrM

It was the same back in Mar .. just didn't anticipate it taking this long.

hey ho

[michaelfenton] 08/12/2020 09:08

Just why on earth are people selling? Yes I know the management is a tad frustrating but the numbers are heading the right way and look good going forward?

[excellance] 08/12/2020 09:08

I think if they'd come out with 5K oz today we'd all be singing their praises.

[mrmcnee] 08/12/2020 09:06

It is worth noting that all producers have issues from time to time, I believe ALYYN is a recovery play with the real possibility of some corporate action.

Let us see how this pans out, at some point the shares will turn up for a very oversold position right now.

[highly geared] 08/12/2020 08:37

Excellence/ JC, agreed. It would be helpful if they provided a forward commentary of what they are doing etc. to build confidence that they have a detailed plan and are executing it. They really need a proper RNS writer and PR firm.

[excellance] 08/12/2020 08:32

Gold poured was about 3500oz again, giving an annualised projection of 15,000 oz.

We are all looking towards increasing production to double the current level, but the falling share price and trading volume suggests that retail investors are losing patience.

The surprise consolidation and name change was intended to attract new investors, but improved numbers will do that much more effectively.

I remain cautiously optimistic that ALTYN will deliver once the site upgrade phase is complete.

[jc2706] 08/12/2020 08:32

Highly Geared,

I agree with your thoughts regarding future potential. However, I don't think that the share price will respond to nameplate capacity AND ore mined AND grade increase. I suspect that it would respond to either nameplate or grade increase. Both could double production levels (together they could quadruple it) which would result in share price appreciation. The added factor is the price of gold kf course.

[highly geared] 08/12/2020 08:26

Until the mill is operating at nameplate and ore mined and grade increase ( to feed mill nameplate) , the share price will drift I’m afraid. It could be argued that the turnaround is taking more time than thought and blue sky will emerge next year, or that the current mining team aren’t up to it.

I’m inclined to go for the former but the market won’t cut them any slack. Either deliver in the next two quarters or get the for sale sign up...

[unabkxb] 08/12/2020 08:24

Anyone know what an excavator with a bouyancy macine is? Is it for working on soft / waterlogged ground? Any pics?

[excellance] 08/12/2020 08:16

The company has been granted a supplementary credit line of USD 7m from Kazakh Bank JSC. The loan is repayable in instalments over a term of five years at 6%pa. The loan will be used to increase processing plant output in line with the company’s plans.

Revenues increased significantly, up 38% quarter on quarter (qoq) driven by higher gold prices and the claw back of accruals relating to timing differences of the sale of production to the refinery from the previous quarter.

Average grade increased by 3.3% qoq. The Company expects further improvement in grades over the coming quarters given the ongoing mining and reserves uncovering works.

Delivery of a new crawler excavator which will be used for loading ore on portals 1 and 2 and crushing oversized ore.

[onedayrodders] 08/12/2020 08:15

All quiet here .. everybody busy selling ?

[jc2706] 08/12/2020 08:04

I confess that this looks disappointing to me. The grade is only improving very slowly and the mill is still operating way below nameplate capacity. I would have expected to see an improvement in both by now given the level of expenditure. On the positive side they are stockpiling ore so this should make production more predictable in the longer term.

But the real issue is the lack of narrative around the report. If they expect milling and grade to improve very significantly in the next couple of quarters then why not say it? Why not mention the bottlenecks and what is being done to remove them?

Unfortunately this is the norm for the company (even though the level of reporting has increased) and the reason why there isn't an awful lot of optimism built into the price.

[onedayrodders] 08/12/2020 08:01

Should steady the nerves but no fireworks IMHO

will still be a few who were just waiting to sell regardless but should start a good recovery from hereon but wtfdik

[mrmcnee] 08/12/2020 07:54

Not a bad set of numbers, revenue up 38% with improving grades forecast into the future.

Nothing in those numbers to warrant a near 50% drop in the share price since August.

[onedayrodders] 08/12/2020 07:52

Current low grades but improving message was very transparent in previous updates and they are delivering on that.Not sure if you expected them to suddenly find a different mine.Relieved more than anything else with today's update.

[excellance] 08/12/2020 07:39

The new equipment will allow less dilution of ore and therefore better grades going forward, but there was a backlog of ore to mill which means grade improvement will continue to improve over time.

Don't forget these are performing upgrades and site development works while at the same time trying to hit production targets.

Bottom line improvement, credit line extended so no finance issues going forward.

[nevgroom] 08/12/2020 07:37

This aligns with comments a while back regarding mill servicing in Q3. Big backlog of ore there so future looking bright.

[fiddling12] 08/12/2020 07:35

Quite relieved to finally get an update which shows increased revenues. Hopefully the additional funding will take it to the next level to get 30k+ oz of gold next year. Now is the time to perform and keep us shareholders informed in a timely manner!