Altyngold Share Discussion Threads

[researchcentre123] 06/12/2022 13:17

The management are playing a long term game. They've been developing for years. They will further develop, pay a dividend at which point pe ratio will shoot up with share price. Then they decide if to raise more money to expand faster or use the funds they build up, which shld be significant. Of course with greater profits and valuation they could borrow much more if they wanted to, eliminating any dilution.

[excellance] 06/12/2022 13:15

our progression to the Main Board of the London Stock Exchange in December 2014 represented not only a natural step in our growth strategy, but also our commitment to the London investor base and regulatory environment, and we remain committed to meeting best practice governance standards.

[excellance] 06/12/2022 13:06

Maybe we'll see the reason for the continued London listing when they raise capital for TS?

It's an option anyway.

[excellance] 06/12/2022 12:36

Yes, the fact that a bank has done DD and accepted the risk and advanced the loan is as strong a buy signal as you can get especially in these markets.

Then add the rising pog.

So Seki future is assured, what about TS?

How will the company manage TS finance and development?

I'm guessing a reserve update will start a sequence of events there.

[tightfist] 06/12/2022 08:32

It also means that JSC are very happy to make a USD loan.....

[golden prospect] 06/12/2022 07:46

The key takeaway is $40m loan is non-dilutive; well done Altyn

A low cost producer, hugely profitable and with a path to expansion.

Plenty to like, market appears to be asleep.

[excellance] 06/12/2022 07:04

Yes, but that loan must surely be refinanced with this new one?

[dofmeister] 06/12/2022 06:54

The mine was already pledged as security via the previous loan.

[excellance] 05/12/2022 23:02

So are the bank acting as a broker, and if so, who are the lenders prepared to lend on such beneficial terms?

They use the word "secured", so is it a "secured loan" and if so I assume the mine is security?

[excellance] 05/12/2022 22:58

an additional credit line for an amount of US$40m from Kazakh Bank JSC “Bank Center Credit” (BCC) has been successfully secured. The loans are repayable in instalments over a term of six and a half years with interest charges ranging from 3% to 7%.

"Securing the development funding at attractive terms, indicates our partners’ confidence in the prospects of AltynGold..."

[andydaf] 05/12/2022 15:39

Good news today.The finance that has been approved at basically a subsidized rate means that bank center credit are happy with the expansion plans.Good to see a list of equipment to be purchased,proof will be in the pudding now whether the management can up the production in 2025 to 60k.Patience needed but if they can Altyngold should be worth mutiples of what it is today even without TS.A fair run of production and with a good wind following they might even be able to finance TS from 2025 onwards from profits.I dont mind the lack of updates as i am used to the kazakh way from being a shareholder at steppe for a long time.As always GLA

[excellance] 05/12/2022 15:13

So that's the $40m to cover the bonds and Seki developments, now for the TS capital.

We must be due a reserves report and FID for TS soon.

[stevea171] 05/12/2022 10:39

Trolls out in force. Not invested here and nothing to say about Altyn.

[stevea171] 05/12/2022 10:34

Rimau. The presentation is out of date.
Ore production this year is on course for just over 540kt. It is being supplemented by ore from the ROM. So not 650kt which you have come up with and not 700kt as in the 2021 projection.

>>> "The largest corporates will at best update medium term plans annually" This is not my experience.

Rimau, you may not have heard of free speech but I have my own views. Production guidance is not taken from a 15 month old presentation by any company. It is given in an up to date form around year end each year for all miners. Except here.

[rimau1] 05/12/2022 10:15

Steve, a medium term plan and guidance dated sept 2021 is not out of date, and at the half year results they said still on track for FY22 of c.650k so reasonable to assume 2023 (700) is still on track. The largest corporates will at best update medium term plans annually so give it a rest. Looking at your posting history you’ve made your point (constantly) on lack of regular disclosure and transparency, we all get it…

[stevea171] 05/12/2022 09:59

Thanks but the presentation is dated Sept 2021 so way out of date.

It has production of 60k oz corresponding to 1mtpa? So no attempt to move to mining at reserve grade? Does reserve grade even exist?

[rimau1] 05/12/2022 09:52

The production figures are clearly stated and forward guidance out to 2025. Financing is now in place. What more do you want?

[trader465] 05/12/2022 09:49

Lol you beat me to it.

I can’t believe the laziness of some people

[trader465] 05/12/2022 09:48

Why don’t you read the presentation.

“the Company expects to more than triple gold production up to 60Koz per year by 2025”

2022 38koz
2023 38koz
2024 57koz
2025 60koz

It’s all on page 16

[king suarez] 05/12/2022 09:44

See page 16 of the latest company presentation?

[stevea171] 05/12/2022 09:33

The company knows what its production plans are but is not saying.

Unlike all other gold miners Altyn has NEVER given gold production guidance.

Why do they not say what the $64 million capex will result in in terms of gold production which is what the market wants to know? The nmarket does not care about 1mtpa. It cares about revenue projections and profit which this company witholds.

[researchcentre123] 05/12/2022 09:14

What I particularly like about today's announcement is that it gives full details of exactly HOW they are going to spend the money in order to expand. It is really encouraging.