Altyngold Share Discussion Threads

[stevea171] 10/4/2023 21:53

Barrick is not likely to do green field exploration taking 10 years for discovery to an operating mine. This is done by Junior miners. This is for PR purposes. Barrick want shovel ready projects that they can invest $100 million to $1 billion and get a speedy return on their capital.

How many of these projects are there available in Kaz?

I should think Altyn would be on their short list.

Polymetal has huge net debt ($2.4 billion) which it wants to reduce and is distracted for now over possibly splitting the Russian PM mines off from Kaz gold assets.

[excellance] 10/4/2023 20:51

From Altyns point of view, we have Seki at phase 2 development now, plans for phase 3 and 100k Oz pa in place, but the elephant in the room is TS.

We know very little about TS at the moment in terms of grades or quantities, and the company have several areas of interest and we don't know which one or ones they intend to focus on, if any at all.

I'm really hoping that the company come up with some numbers and a plan in the next few months. We know that they've made a submission to the authorities and the system they have is different from in the west, I think very like the Russian system.

[stevea171] 10/4/2023 20:08

Yes Dofmeister, Barrick moving into Kazakhstan gold exploration and mining shows leadership and will likely be followed by other majors in due course.
Altyn would be a very attractive company for acquisition if the price is right to establish a mining footprint in the country that could quickly be developed to 100k oz pa plus .....

Senior Vice President of Barrick Gold Corporation, Wu Lee, stated that the company is interested not only in gold mining but also in developing new deposits in Kazakhstan.

"Kazakhstan is a large country with enormous potential in mining and metallurgy. Recently, we have seen positive political and legislative changes in the country, and since last year we have been considering project implementation opportunities.

We plan to register a company in Kazakhstan soon and start exploring deposits," said Wu Lee.

Now we have:
Polymetal
Barrick
more?

[dofmeister] 08/4/2023 10:42

Good for Kazakh kudos and M&A

[excellance] 07/4/2023 16:11

Pronouns...?

[researchcentre123] 07/4/2023 14:06

Excellence like you I'm a shareholder - your "we" and "our" reminds me of football fans who say "we won" when the team is doing well and "they lost" when it does badly. Long may we all be saying "we......"

[excellance] 07/4/2023 13:07

30,000 Oz pa is a fairly small operation, but phase 2 and then phase 3 will dramatically increase production.

The gold price helps, but inflation is the other side of that two edged sword.

Q1 23 financials should be clearly better than Q4 22 on gold price alone, and Q2 is starting with a high gold price too.

I'm happy with $1800+ but now the focus has to be on delivering on site development, starting with the arrival of our new fleet of vehicles.

TS news could put our share price on a totally different track!

[researchcentre123] 07/4/2023 12:48

Although am pleased Altn is up a little, the recent highs and lows have more to do with the gold price than anything else. Hopefully at some point soon the market will pay more attention to it's great financials

[excellance] 06/4/2023 18:50

The big question is what happens if the dollar loses reserve currency status, and we are paid in dollars?

If we switch to Yuan will that be good or bad for us?

[excellance] 05/4/2023 18:05

True, but the end result is access to $40m loan plus $10m up front for bonds.

Yes there are repayments to manage, but management own over 60% of ALTN so if we lose then they lose a lot more.

30,000 Oz of gold pa now, at $2020 per ounce and rising, and in a couple of years well be producing a lot more and debt will hopefully be on its way down.

Still risk of course, but if all goes to plan then we've hit the jackpot buying in here at these levels.

It's a 2 bagger for me already, but I conservatively suggest it'll be a five bagger and probably more, ie 400p

[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