Altyngold Share Discussion Threads

[sloppyg] 08/10/2019 08:07

Very impressed.

NPV of $415m using $1,280 POG only. M. Cap of c.$25m.

All about the execution now.

@JC - agree on asset sale was thinking the same that this is being primed for it.

No stock around this morning and just marked it up

[littlepuppi7] 08/10/2019 08:06

How is this a 15m mkt cap. Reality has to dawn soon these resources are vast.

[chrisis33] 08/10/2019 08:02

Terne-Sai CPR still to come too.

[excellance] 08/10/2019 07:58

CPR out.

Looks spectacular to me.

[jc2706] 08/10/2019 07:58

I agree that the most significant share price moving news will be about how the funding is stimulating a real increase in production.

However, focusing on the news today you cannot help but be impressed by the level of resources available at Sekisovskoye. The confidence level has increased for a large amount of gold and, generally speaking, valuation of reserves and measured resources are a lot higher than indicated and inferred resources (which are given very little value at all). Whilst the revised gold price has had an overall influence on the CPR, the company is clearly continuing to expand the resource base through drilling ("....the company..... is still aiming at increasing its resources base further.”)

Add to this, we are about to get a CPR for Teren-Sai which has been suggested will be a similar sized deposit.

This begs the question 'why?' The company has more than enough gold confirmed to keep production going at 100k oz for many years. It would support 200k oz for many years. The last thing it needs is more gold at this stage. Of course, Teren-Sai probably has certain exploration licence conditions which would require fulfillment. But Sekisovskoye doesn't require it.

There are only two reasons that I can imagine would account for growing the resource base:

1. Greatly increased production levels (beyond 100k oz)
2. Asset sale

Whilst the first is obvious I haven't given much consideration to the latter but for me the focus on increasing reserves and resources with greater confidence levels would suggest that the company wants to be ready for an asset sale.

[highly geared] 08/10/2019 07:49

Most junior gold companies would ‘die’ for this resource base. Just need a plan and wherewithal to dig the stuff out of the ground at the rate of 100,000-200,000 oz/annum.. and for the share price to 10-20 bag in the process. The macro environment for buoyant gold price is there so no excuses not to make this happen...

[2prsimo] 08/10/2019 07:46

That is an excellent cpr - newsflow is improving by the looks of it

[chrisdgb] 08/10/2019 07:43

Really nice to see the positive progress here gaining traction.......

[tightfist] 08/10/2019 07:21

Super RNS and Agree with your sentiment; what we need to see shortly is a plan for funded expansion against which we can assess that progress quarterly.

[homebrewruss] 08/10/2019 07:16

We'll see..
Nice to get the cpr. should increase confidence in the company somewhat but what would be great are updates on increased production as progress is made.

[littlepuppi7] 08/10/2019 07:06

What an rns!Also the projected mine value. This is going to fly. Altyn CEO Aidar Assaubayev commented: "The report on the Sekisovskoye deposit updates and confirms the world class resources of Altyn. While the company is well positioned to capitalize on this base by growing production, it is still aiming at increasing its resources base further."

[littlepuppi7] 07/10/2019 09:32

L2 looking nice this morning. Grabbed another 90,000 odd... Not many available.. This shoots up soon.. Gold price also supporting.

[jc2706] 04/10/2019 11:15

The lenders will be meeting the company on a regular basis so it is hardly surprising that they are kept abreast of the situation.

[excellance] 04/10/2019 09:36

We only own the company, so why should they tell us anything....??

[jc2706] 04/10/2019 09:22

The lender will be getting information directly from the company. They certainly won't have to wait for an RNS!

[excellance] 03/10/2019 23:01

i think the lender will also wish to know, assuming they don't already!

[homebrewruss] 03/10/2019 21:00

Aside from the CPRs, hopefully with the funding sorted they will update on how they will progress to 800ktpa.
From the last RNS:

'The Company will update shareholders as plans progress.'

[littlepuppi7] 03/10/2019 18:42

Looking at the one month chart I think we are seeing the pull back. Higher lows and higher highs.. a decent buy around the .7 area and this will be off imo. Gold price is very supportive and the mkt cap is tiny. Looks an easy multibagger to me from here.

[jc2706] 03/10/2019 17:06

I am looking for the price to come back a bit if the CPRs are not delivered soon. Most investors in these companies tend to lack patience and a delay is likely to result in a number of those that bought in recently getting restless. I would like to pick up more in any pull back as I'm pretty sure that the 3-5 year picture here could be extremely strong.

[homebrewruss] 03/10/2019 16:09

ooh, a 1 trade at 0.639p - news would be welcome :)

[littlepuppi7] 03/10/2019 15:11

Gold surging, surely an incredible time to top up at these levels

[excellance] 03/10/2019 13:32

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 12:50

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