Altyngold Share Discussion Threads

[excellance] 03/10/2019 12:32

The chart alone suggests it won't stay too cheap for much longer.

The question is, was due diligence merely for the banks benefit or is there a third party?

Can't help thinking there's some kind of corporate action ahead.

[littlepuppi7] 03/10/2019 11:50

In such a supportive gold price environment this is simply too cheap IMO.

[brasso3] 03/10/2019 11:42

The main risk here is the lack of news flow. They have demonstrated an ability to make money at low gold prices and with production restrictions so there is scope for big gains. Could be one of those share you kick yourself for 12 months down the line.

[mikro1] 03/10/2019 11:29

I bought another £20K this morning. The key factors here are (a) the financing - which is a huge and transformational achievement and (b) the gold price - which is high and looks likely to stay high. The CPR is pretty much irrelevant as we all know there is a huge amount of gold in the ground

[stonefold] 03/10/2019 11:06

tightfist,

Lenders still lend, even in times of low interest rates.
Lending banks have a simple business model - cash and interest, I doubt they would want the added complication of acquiring then disposing of shares.

Example of a similar loan in terms of rate and proportion compared to mcap.

IGAS from their RNS today- (mcap £65m) now have a secured Reserve-Based Lending Facility for $40m over five years (with optional additional $20m), with a variable interest rate. Today their rate would be 5.99% (4.0% fixed interest rate plus LIBOR which is currently 1.99%). The LIBOR rate in the last five years was between 0.55% and 3.14%.

[kcowe] 03/10/2019 10:00

aslong we dont breach .50p to the downside , I can see this consolidating for a few months in a .50-.65 range

[tightfist] 03/10/2019 09:58

The part I think others are looking at is the last line with Q3 expectation under "current developments". No big deal - it's just unfortunate that this comes on the heels of three years of being poorly informed..As someone else said, the CPR's were unexpected so the Underpromise approach seems obvious. Maybe they wanted to quickly build on the credibility scored by the loan agreement? Or they need to put some of the Due Diligence in the public domain?.Cheers, tightfist

[excellance] 03/10/2019 09:11

Altyn plc (the Company) is pleased to announce that its application for a loan of US$17m (6.5bln Tenge) from Kazakh Bank JSC "Bank Center Credit" (BCC) has been approved by the bank's credit committee.

After exploring a number of opportunities and an extensive due diligence period we are very pleased to update our shareholders on the funding received.


The Company will update shareholders as plans progress.

[tightfist] 03/10/2019 09:04

What you say makes a lot of sense. I cannot see 6%pa in itself being adequate return to take on the indebtedness risk at a needy counterparty.There must IMO be more to the story than we are being told so far.......

[homebrewruss] 03/10/2019 08:31

I'm not sure if there's anything untoward about it.

Wanobi (on his AAZ) thread said he sold out this morning which was probably the two large sells first thing.
I bought 2 lots of 100,000 at 0.6p and others seems to be mopping up the rest.

[excellance] 03/10/2019 08:24

Stock is being transferred at a nominal 0.60p on a large scale to someone!

[excellance] 03/10/2019 08:22

I just think there's more than simply a bank loan and cpr report going on. I expect stock is being transferred to a third party as part of the loan arrangement, and possibly due diligence covered by a confidentiality clause.

This little minnow simply doesn't have the expertise to evolve into a big boy so I fully expect big changes to be announced soon.

[sloppyg] 03/10/2019 07:57

Reading between the lines I presume the bank wanted sight of draft CPRs to approve the loan; hence it was reasonable for the BOD to presume they would be announced in the same period.

The reality is a few more i's likely needed dotting before final cprs could be released in to the public domain imo.......

[kcowe] 03/10/2019 07:36

What I fail to understand Management timelines being out ... why not say 4th quarter
isnt it a better strategy to under promise and over deliver .. nice and simple and evryone is happy .

[tightfist] 03/10/2019 07:33

On 2nd September they said "The results are expected to be announced in Q3 2019". Having taken another look at that RNS IMO reasonably thorough RNS I am not particularly concerned right now, but each to their own. Al least one CPR or a Q3 update by the end of October would placate me.

[brasso3] 03/10/2019 07:23

They are obviously depending on a third party to sign off the CPR but it is still annoying.

[jc2706] 03/10/2019 07:17

Ha! It was stated as Q3 but small miners tend to be very flexible with timescales. It is hardly surprising that they are late.

[brasso3] 02/10/2019 16:11

Tomorrow would be a very good day to release the CPRs.

[excellance] 02/10/2019 14:55

Was it ever a firm target or just an approximation?

[sloppyg] 02/10/2019 13:42

...when they miraculously hit the funding update deadline for Q3 as they stated I think they used up their target hitting allowance for one year !!

[kcowe] 02/10/2019 13:17

tightfist , an Aldo Gucci quote ... may be you are right ,better come back next year and see where we are then..

[tightfist] 02/10/2019 13:11

The CPR's were "expected" in Q3; I recall the mantra "the quality is remembered long after the price is forgotten". If one thinks of Time in the same terms as Price maybe it will all work out OK. I guess we will have to be a little more patient..... or Sell!.Whilst I don't wish to make their excuses, maybe the draft CPR content needed a little toing-and-froing?

[jc2706] 02/10/2019 10:48

The spread is a killer here currently. Not much incentive to buy at 0.69p when you feel that the spread is likely to narrow.

[jammydodger1] 02/10/2019 08:34

Shut up puppi all your doing is pumping this to high heaven