Altyngold Share Discussion Threads

[quinan] 27/6/2022 08:03

This has got to get past £2 this week and head towards £3 by the end of the year

[chrisdgb] 27/6/2022 08:03

Bonkers price..........

[researchcentre123] 27/6/2022 07:56

I'm looking at this as a long term hold. As long as they keep moving forward as they are, they should have an even better future.

[goldenshread] 27/6/2022 07:56

Great numbers, cannot argue with the ever improving operational performance and cash generation.

This should be enough to drive a re-rate, the shares are significantly undervalued.

Remember the broker target remains above £4 a share.

[mold breaker] 27/6/2022 07:45

All sounds good

“Longer term plan
The Company has a had a successful year, with the capex investment increasing ore extraction from the Sekisovskoye site which increased to 570ktpa. The aim remains to move this up to 1mtpa, and budgets have been drawn up and funds allocated to expand the existing capacity of the processing plant to 1mtpa within two years. The longer term aim is to increase the ore extraction towards the 2mtpa within a time frame of 6 years.


The capex required as outlined above amounts to US$38m, and will be largely met from funds raised from operations. In addition to this an amount of US$75m will be required to bring the Teren-Sai project on stream, as it will require new processing facilities and infrastructure to be developed at the Teren-Sai site. In the initial period the site will be stripped and made ready for open pit production in order to move to production efficiently once the necessary funding is in place. The brokers who are providing sponsored research and opening up opportunities for investor funding will play a key role in moving the projects forward.


The Board are constantly looking to diversify and invest in new and complementary operations in Kazakhstan and internationally, however the primary driver at present is to bring the Kazakhstan gold sites, as outlined above, to their full potential.”

[sleveen] 27/6/2022 07:40

Great figures.

[quinan] 27/6/2022 07:38

Completely unrealistic share price the company has now shown the market it can produce the goods and can also expand without further fund rasing.

[golden prospect] 27/6/2022 07:34

Well done Altyn on some great YE2021 results





Low cost producer points to future profit levels $1000 per oz at current gold prices given :

"The total cash cost of production, which includes administrative costs but excludes depreciation and provisions, amounted to US$834/oz, (2020: S$970oz)."

[researchcentre123] 27/6/2022 07:23

Yes looks good. PE ratio of 2. Reinvesting profits and repaying debt due. Will be interesting to see how share price reacts now. It certainly won't be going down.

[mininglamp] 27/6/2022 07:23

Revenue $50m and a gross profit of $28m with a net profit of $18.3m

Current m/cap a mere $35m.

The shares are very cheap.

[nevgroom] 27/6/2022 07:15

Results broadly as expected - Some interesting nuggets in there. Still an interesting future to be had for holders here

[researchcentre123] 26/6/2022 23:05

Well these aren't Russian. Might push up the gold price though

[1hercule] 26/6/2022 19:03

Might be an interesting open tonight although i doubt it will have much of a long term affect https://www.zerohedge.com/markets/biden-g-7-will-ban-russian-gold-imports

[researchcentre123] 26/6/2022 07:27

Well whoever spike on lse is, either he's been lied to or is lying himself saying we'd get those results last week. Historically they've only been given reports on the last day they have to. Which brings us back to the day of the AGM, 30th June.

[researchcentre123] 25/6/2022 19:50

Because it has a higher PE ratio and a higher return on capital - that's why I invested and I imagine the others here too. Having said that, like the rest of you I'm not impressed waiting for the report

[stevea171] 25/6/2022 16:06

stock. You have a long standing habit of attacking the messenger not the message.

Still can't muster anything worth while to say about his precious ALTN that he thinks will make him a millionaire! EQT has great management with excellent communication as you will know as you are/were a holder there.

Why would anyone prefer an investment in the Assaubeyevs' ALTN over a decent company like EQT?

[stockknobjockeyvanbookstino] 25/6/2022 15:34

"mostly making excuses for the slow delivery, poor coms and management, and speculative nonsense ramping rubbish so I mostly don't read it" A bit like Eqtec then but I don't see you complaining over there, LOL!

[golden prospect] 25/6/2022 14:06

Making a profit of $1,000 per oz on low grades suggests ALTN are bucking the market on underground mining given the stevea171 comment "Underground mines to be profitable are high grade" !

YE2021 results are due, hopefully 7am on Monday.

[stevea171] 25/6/2022 13:45

Goldenshread. I have been here for years. You will see this if you go back on the previous thread. There is very little honest commentary on this thread that I have seen. It is mostly making excuses for the slow delivery, poor coms and management, and speculative nonsense ramping rubbish so I mostly don't read it.

Underground mines to be profitable are high grade. This company mines underground but at no where near reserve grade. It is mining rock at grades you do cheaper open cast mining for. ALTN makes a virtue out of increasing grade by a whisker but it's way unsatisfactory.

Most investors here don't trade but are down. If you have been making money from trading then good luck to you.

Broker targets cost them nothing and are valueless.

[goldenshread] 25/6/2022 12:15

stevea171

It is very possible to make money out of ALTN, in fact it has been pretty easy over the last year if you follow the trading range and time your entry points.

The shares have gyrated between £1 and £1.55p four times over the last 12 months, had you bought the dips and sold the highs your return could have easily been 40%/50% each time.

Many of us have been here for a while and are as frustrated by the poor PR but the fact is the company is in significant uptrend in gold produced, grades, profit and free cash generation.

The sector over the last 18 months has been woeful, this has not helped ALTN but the upcoming and very imminent results will show a numbers that the market cannot ignore and drive a re-rate.

The broker offered extensive research and their target is north of £3.80p

[excellance] 24/6/2022 22:52

EQT?

oh dear...

[researchcentre123] 24/6/2022 21:14

I'm not sure what point you're making. It seems to me they've achieved a lot