Altyngold Share Discussion Threads

[quinan] 16/6/2022 08:33

The thing is the results are not late if that was the case they would have to inform us of any delay, we have till the end of June, I believe there will be some add-on news maybe some form of funding which they are trying to finalise?

I Would have been a bit more jittery if they had not realised the Q1 results

[researchcentre123] 16/6/2022 07:20

So late annual return has knocked 20 percent off the share price. I don't think they are helping themselves here.

[researchcentre123] 15/6/2022 07:19

2 weeks 2 days now for them to release results. They must have them so makes you wonder if they are considering some other matter at the same time.

[researchcentre123] 13/6/2022 10:40

Looks like a few pple share your idea

[quinan] 13/6/2022 08:27

could not resist a top-up another 2500 for the pot the share price is madness, I can only assume some are getting twitchy with regarding results. But as we have just seen turnover is still going in the right direction.

[researchcentre123] 13/6/2022 08:23

13000 shares sold and 2000 bought. I guess we just need to wait for the results to come through. Can't be long now.

[goldenshread] 13/6/2022 08:16

No idea what is going on, everyone was awaiting the Final Results which would have shown record profit for ALTN and should have delivered a much needed re-rate but we have radio silence on these results and a AGM date of 30th June where where there is no adoption of the said accounts on the proxy form.

The directors are clearly aware that this delay, without explanation, has a worrying effect on investors, it would only take one RNS to clarify but they choose to remain silent.

[pensionplanner] 13/6/2022 08:09

Did a big holder sell here? I've not access to computer or time to check, but I can't recall a holdings announcement at that time.

I do know I was told there were long spread bets under pressure and a drop in price would certainly have helped IG and the like.

[researchcentre123] 13/6/2022 07:12

My guess is we need people to get more used to the Ukraine situation or some positive news there, then people will consider that it's worth investing in Kazakhstan. A big holder here sold out on invasion as he felt sentiment was too negative. Prices were down thereafter altho only good news came from altn.

[golden prospect] 11/6/2022 19:43

The subject of going private appears to be a repeat discussion every year. Given the full listing, the path to unlocking value seems best served staying on the same course. At some point the family may relinquish a chunk, say 10% above £3, to improve liquidity. Full year results ending 2021 are due.

The comment from 31JAN2022

“The Company posted record revenue of $14.4 million for the quarter, during which time gold prices were stable. This record was primarily supported by our efficiency and low-cost production base. It’s worth noting that our annual revenue for 2021 is substantially higher than our company’s current market valuation, making us one of the most undervalued gold mining stocks on the London Stock Exchange. With gold prices now on the rise and our improving operational excellence, I am positive that we will deliver even better numbers in the coming year.”

[ntv] 11/6/2022 19:17

Going private?

[researchcentre123] 10/6/2022 07:32

I suppose usually the give their accounts on the latest possible date so maybe there shld be no real surprise here - more surprise that they didn't take advantage of the covid extension the last couple of years. It could be they want to bundle in more positive production stuff at the same time.

[golden prospect] 09/6/2022 11:39

Thanks sloppyg - so no surprise dividend (i could do with your moniker!)

Approval required for final divi but we are nearing close of 1H22 so there is scope to declare an interim dividend. Waiting for that big moment.

Known revenues in 2021 10.06+12.72+12.80+14.44 = 50 million dollars

Year on Year figures should look spectacular.

[researchcentre123] 09/6/2022 11:33

Same old problem really. If the Asabayevs decide a higher share price can help raise money for expansion, then a dividend could be a good idea. If however they decide that this is not the case ie the share price won't be raised enough to merit this, then they'll be better off either doing a trade sale or expanding through cashflow. I don't think the fact that you or I would like a higher share price today comes into it. Personally I think this is a sit and wait investment while they improve the company, not a day trading opportunity.

[sloppyg] 09/6/2022 11:30

GP -any proposed divi would need to be on the AGM voting card so can rule that one out for starters !

First things first lets get these accounts out as if still not published by last week of June the market will be getting extremely twitchy.

[golden prospect] 09/6/2022 11:15

On the dividend aspect, if they were to surprise with a final divi 10p, then it would only cost 3.4 million dollars, which is a small amount in the overall scheme but what a huge signal for going forward, generating great profits and ready to reward.

[golden prospect] 09/6/2022 09:56

While it's so very quiet, just revisiting Sep 2021 presentation, slide 20

Dividend policy

25% of Consolidated Net Profit vs 25% of Free Cash Flow (Whichever is lower)
Actual dividend payment may be lower than the target (operating conditions)




A dividend payment would be a real game changer for investors.
Opportunity for the controlling family to extract value and lend back.

[golden prospect] 09/6/2022 08:12

For reference, ALTN have updated their website 9th June 2022

[researchcentre123] 08/6/2022 20:25

I don't think they're suppressing the share price or why get the broker on board in the first place? They are getting on with making the company a better one - surely that must count more than any PR? And they're not milking the company either - very low salaries. I think they are good at running a company but lousy at the listing business.

[golden prospect] 08/6/2022 20:00

GS, the accounts are not late given they have until end of June 2022 for YE2021

Since shareholders are being informed of voting and AGM date then one assumes all matters are in hand. They have a duty to provide accounts before the AGM.

In fairness to the company they are getting on with profitable mining.

[excellance] 08/6/2022 19:59

The bod are in a safe place, they hold a majority interest, there is nothing anyone can do about it.

[goldenshread] 08/6/2022 19:43

The fiasco concerning the unexplained late accounts is just another example of the BOD deliberately suppressing the share price IMO, are they aware that this delay will undermine confidence, of course they do.

If they have issued the AGM notice/proxy form and voting does not include adoption of the accounts then that is a 1st on me, I have been involved with markets for a very long time.

Frankly I simply wish they would take it private, make us an offer, they can continue to undermine and supress the market price of the stock for as long as they like.

Where are the regular director interviews we were promised 9 months ago, they said it would be after every quarterly update, they never happened.

Remember the CEO being asked why the share price was not in any way aligned to broker forecasts (currently circa £4) he said the broker forecasts were independent, what he should have said is it shows how materially undervalued we are, but no.

Have you ever known a BOD to promote a dividend policy that will not be instigated for FIVE years, that in itself tells you all you need to know, why bother? The answer to that is of course it further undermines sentiment.

This company has no interest in it's retail investors, they should buy us out, without doubt the grind us into the ground approach has worked.

A lousy website, no Twitter account, exceptionally poor PR, all for a reason IMO.

I will take £2 a share, to get more will be fantasy, this is another Trans Siberian Gold situation where it was taken private for a fraction of broker valuation by the BOD and it's major investor.

[pensionplanner] 08/6/2022 17:18

GP: its likely a few on stops either shares or derivatives were stopped out.

[golden prospect] 08/6/2022 15:56

PP, looks like an attempt to shake out longs by hitting the bottom of the bollies

[pensionplanner] 08/6/2022 14:33

Someone appears to be trying to take advantage of the situation, as the volumes don't look to be correct.