Altyngold Share Discussion Threads

[pensionplanner] 05/7/2021 12:35

Golden

Its a really strange price finding mechanism if they won't conduct the market in an orderly manner.

Normally if you can't buy shares the price would reflect that until someone was happy at the price in the market to sell some and vice versa.

This does not appear to have happened with Altyn, when the price dropped for no immediately recognisable reason, and where buyers were prevented from buying in the market, nor did the price go up to encourage sellers.

Market makers do not appear to have been making a market at all.

[goldenshread] 05/7/2021 12:21

Just checked limits, it is true to say it is still hard to buy, my broker only had 500 shares on offer then it went to 'at best'

[pensionplanner] 05/7/2021 12:14

With Basel III rules not yet fully functional as the UK has more time to 'adapt' gold will be going higher and silver too.

Everyone and their dog knows the price of gold and silver has been manipulated for decades and the idea of having bits of paper amounting to 250oz of silver on paper to every actual ounce is ridiculous.

Much evidence exists of this manipulation in gold and silver, much of it at the behest of governments including the USA and UK.

[pensionplanner] 05/7/2021 12:06

That's assuming would be holders can buy shares. Last week on one occasion I could only buy 2

[sleveen] 05/7/2021 12:03

Give it a week or so, so that PIs can see that the current share price is the bottom.

sp should recover as we move towards the Q2 figures IMHO.

[goldenshread] 05/7/2021 11:58

I really am surprised there are not more buyers of ALTN at current levels, it has bounced strongly from the £1.20p region more than a few times in the past.

The current share price makes Renaissance Capital look stupid with their 'conservative' £2.50p - £3.10p target price, why are they not directing their clients to fill their boots ?

Under radar and under valued comes to mind, if gold recovers this will be approaching the £2 mark like it has in the past.

[excellance] 05/7/2021 11:53

Gold and other hard commodities have recovered well from the flash crash on the day Biden met Putin.

While the covid outlook is better than it has been the world's debts are still unsustainable and inflation seems inevitable, so gold "should" do well, as will copper as we also have EV stimulus packages which will require ridiculous amounts of copper.

Altyn don't have copper that I'm aware of, but have gold and silver in abundance, and I'm really looking forward to developments over the next six months and onwards...

[onedayrodders] 05/7/2021 08:44

Not sure gold is doing anything much for a while after that damage a few weeks back.I said at the time here a smash like that will ruin the technicals for at least a month. We are some 20 days or so past that so not quite done.A lying clueless entity like the FED can still pull the carpet out any asset with a throwaway comment and that's the problem.

[observer007] 05/7/2021 08:01

Gold seems to be recovering it's falls and buyers are returning to producers, this looks silly cheap given the shares were trading at £1.80p in May.

[excellance] 03/7/2021 18:14

That's why I think TS development should be priority.

Utilising existing mothballed equipment to develop an open pit mine that is low cost, then leverage the income from both mines to fund Seki 2mt development.

I think the plan is to develop both in tandem, so finance will be required.

I think the $40m to $50m requirement includes existing revenues and is dependent on price of gold.

Exciting times ahead.

[1madmarky] 03/7/2021 18:05

Debt far more likely than equity, if the family wish to retain their hold on the company. With the current positive cash flow you would think it would be relatively low risk for any potential lenders. Plus a relatively short pay back period. Assuming of course costs remain under control.

[cyberbub] 03/7/2021 13:59

It all sounds very positive, and if they need $40-50m "funding" for further expansion as they say, surely that would be easily achievable as debt rather than equity, in the company's current financial position? Even if it involved hedging half of production at say $1750 for a couple of years, no big deal.Just my view.

[excellance] 03/7/2021 12:16

In September 2019 the Company agreed a facility with Bank Center Credit JSC (BCC) for an amount of US$17m. As of 1Q21 the Company has repaid US$4.71m of the bank facility.
The Company has significantly improved its financial position in 2020 and 1Q21. The Company’s Net Debt to EBITDA ratio has steadily improved over the last years: 5.6x in 2018, 4.7x in 2019 and 1.6x in 2020. Management maintains a positive view on the Company’s capacity to raise funding for the Company’s upcoming capital requirements at attractive terms.

[excellance] 03/7/2021 11:58

I think they are currently producing at about 1800tpd which assuming 365 production would be 650,000tpa maximum potential but my guess is we'll be 50 or 100k short of that due to the usual occasional interruptions.

[excellance] 03/7/2021 11:54

The Company has been able to implement its medium term plan, following successful rounds of financing completed in late 2019 and 2020. As such, a significant amount of underground plant and equipment (details below) has been purchased leading to a 98% increase in ore extraction in the year to 505,000t.

The long term plan still consists in operating the Sekisovskoye Mine at 850kt annual capacity for three years then ramping up production to 2Mtpa over a six year period. The initial target is an important milestone and with the purchase of the new equipment this is now progressing as planned.

The longer term plan involves obtaining further funding and the Board is constantly looking at the best way to finance the business going forward.

In this regard, the Company has recently appointed Renaissance Capital to operate as a Corporate Broker as well as produce independent research on the Company in order to increase its profile with potential investors.

In order to achieve the longer term goal outlined, the Company has estimated that it will require an initial funding of US$40m-US$50m to attain 1Mpta target.

Further funding will be required for the secondary 2Mpta target.

[excellance] 03/7/2021 11:36

I notice too that capex in 21 is just $9m compared to $18m in 20.

Last year saw us end in a financially strong position, and in December we arranged a new lending facility, so with less capex in 21 our balance sheet should be even stronger this year.

Price of gold is of course critical, averaging about $1800 last year. This year it has been at a similar price, tho the Renaissance broker note assumed a conservative $1600 which of course may happen.

The Renaissance note appears to be a "worst case" scenario and I found it disheartening to read, tho even that suggests an share price of 250p to 310p, yet here we are stuck at half of that at 120p.

Steve raises some interesting points in his rants, but credibility or believability of reports is possibly a real factor.
I don't doubt the audited financial statements, but I'd like to see more solid evidence of future plans and funding. The price of gold we have no control over obviously, and we have no hedge which could become a block for fund raising.

I expect we'll see a lot more detail soon on development and finance, and this is likely to be the reason for our share price weakness.

How much cash does the company need?
will they raise it in stages?
will it be via placing?
will there be strategic partners?
When?

Loads of questions...

[stockknobjockeyvanbookstino] 03/7/2021 10:40

Q2 will see noticeable improvement in grades.....

[stockknobjockeyvanbookstino] 03/7/2021 10:39

They listed their shares on the Kazakh Stock Exchange on 31st May.

[excellance] 03/7/2021 10:35

I've spent a couple of hours this morning nursing a hangover, and revisiting several RNSs, and despite some nervousness or even despair evident on this BB recently the company have been fairly thorough with their reporting of performance and future plans, tho I note they continually review the impact of covid and this means that time lines are vague.

I expect Q2 numbers from Seki will be robust, grades may show further improvement, and we may soon see further news of expansion and funding requirements.

At TS they are continuing exploration and have completed bulk processing and feasibility studies. I expect confirmation that TS will proceed to mining planned for end of 2022 soon.

[excellance] 02/7/2021 17:43

The Company's aim is to produce 100 thousand ounces of gold production under phase 1 of the Sekisovskoye underground development plan (from the current level down to -50masl depth). The Company is currently at -150masl under Phase 1of its development. Production should further ramp up towards 1mt target of processed ore over the next three years as the company boosts its mining equipment. Operations are expected to have a competitive cash costs of production aiming initially at between US$500-US$600 an oz.

The Company has sourced the capex required to bring the production on line as stated above. Phase 2 should boost production more as operations move further underground (from -50 to -400masl). Additionally, Teren-Sai has significant upside potential with one deposit and four defined Au exploration targets and an estimated exploration objective of Au 9Moz.

[excellance] 02/7/2021 17:04

Zero or double?

Make your mind up!

[stevea171] 02/7/2021 17:01

Excellence. You just make up stuff all the time.
You indulge in ramping rubbish speculation here endlessly and now you are making up stuff you know is untrue about me.
You have been found out.

Zero credibility.