Altyngold Share Discussion Threads

[sloppyg] 05/4/2023 17:13

Not sure we know how the 40m facility works. Possibly released against project milestones.

Cannot see why they would need to issue the bond right now otherwise as the $64m development budget is not going to land in one hit !

Also interesting that the bond is issued in the month the accounts are due to be signed. Probably a coincidence but nevertheless looking forward to seeing the AR and a clean one at that.

[excellance] 05/4/2023 17:03

Absolutely delighted with progress made here over the last three years.

We have $50m in the bank, and our mkt cap is just £40m, which is utterly ludicrous.

Consider where we'll be in two years time!

[run12] 05/4/2023 15:23

Well I did sell some today. But only to make use of my CGT allowance.
I will hopefully be buying back in an ISA within a week or so.

[timgw] 05/4/2023 15:17

Made a long term investment in 2008. Will I get my 3p back in my lifetime?!

So many lost opportunities in the meantime.......!

[bsg] 05/4/2023 14:09

There has been another £10,000 trade today.

[king suarez] 05/4/2023 14:07

Still an interesting read....

[dofmeister] 05/4/2023 13:55

18 months old....

[king suarez] 05/4/2023 13:32

Very interesting interview - thanks for posting.

[stevea171] 05/4/2023 12:54

INTERVIEW: Kazakh gold miner AltynGold on a roll.
By Theo Normanton in Moscow November 29, 2021.

bne IntelliNews sat down with CEO Aidar Assaubayev to delve into the company’s history and discuss some of the challenges its owners have faced along the way.

[stevea171] 05/4/2023 12:50

ALTN is to raise further funds which were not mentioned as being needed at the time of the December announcement. The new bonds have a term of 2 years to 4/4/25 at 10.5% so the funds will be spent now and repaid via part of the Kazakh Bank loan before the expansion of gold production gets to the target of 60k oz pa (1 million tons pa processing capacity) in 2025.

Is this security for the full value of $64 million being available, inflation over runs etc?

So they expect to spend approx $30 million this year and $30 million next year?

It seems the production expansion costing $64 million to 2025 is being funded by $50 million of borrowing plus $14 million of own funds from operations.

12/22. "AltynGold plc (the Company) is pleased to announce that 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 an interest charges ranging from 3% to 7%. (previously reported as 6%).

The additional credit line together with the Company’s own funds will be utilised to increase the production capacity of the underground mine and expand the capacity of the processing plant to 1mtpa. The expansion project total cost is US$64m."

[farrugia] 05/4/2023 11:20

c'mon this is too low - these guys are competent miners! Hummingbird flying today.

[excellance] 05/4/2023 10:26

Whoosh!
💥💥💥🚀8640;🚀

[researchcentre123] 05/4/2023 08:17

Also raising money in bonds suggests again another group of investors and bankers have checked out the accounts etc and are satisfied.

[someuwin] 05/4/2023 08:14

Such a low market cap, this could move up rapidly to surpass previous high of 300p

[excellance] 05/4/2023 07:28

Gold price is very supportive of a much higher share price here now

[dofmeister] 04/4/2023 19:38

An amazing achievement to raise $50m in 4 months. It will be well spent I'm sure.

[palisz] 04/4/2023 16:43

Yet again the management have followed through on there commitment not to dilute shareholders. Credit where it's due, these guys keep there word! Many miners don't!

[quinan] 04/4/2023 16:37

yep cant belive the PE is still one LOL

[excellance] 04/4/2023 16:36

Just 6% sav, the fed are STILL behind the curve, and inflation looks likely to keep rising

In a world where most businesses go bust and most people are unemployed with no cash, currencies collapse, and gold is king once again.

[excellance] 04/4/2023 16:26

They've got $50m of debt.

Mind with gold at $2020 we'll pay it off by the summer!

[farrugia] 04/4/2023 16:22

i'm surprised these aren't up a notch. One of the better gold miners out there. I've also added another 2k on Hummingbird

[quinan] 04/4/2023 16:18

Looks like someone in the know already buying

[excellance] 04/4/2023 16:03

Does anyone have visibility of the yield on those bonds?

This board certainly know how to raise cheap capital with a diverse blend of tools.

[bsg] 04/4/2023 16:01

Interesting to see if £10,000 buyer continues.