Altyngold Share Discussion Threads

[excellance] 18/4/2023 23:38

Multiple areas of interest, moving towards development stage.
TS could be extremely valuable and as it is huge at 198 sq mile's it could be on the watchlist of the majors.

[excellance] 18/4/2023 23:36

April 2022 final results
Exploration – Teren-Sai

During the year the Company conducted exploration drilling and core drilling at three areas within the exploration site. In total 22,500m of pneumatic drilling and 7,500m of core drilling was planned, the actual results were 22,580m and 7,560m respectively.

The Company finalised its core drilling in Area no.2 in January and February drilling 1,520m of core samples, and conducted further core drilling in Area no. 5 amounting to 1,140m. Area No.5 core samples are being analysed with a view to also moving this to the commercial discovery phase, however due to time constraints in finalising and analysing the drilling results during winter and the need to complete all necessary paperwork to extend the licences which have expired in May 2022, the Company has concentrated on finalising the development of Area No2, and will progress the development of Area no.5 in the future.

The principal focus of the work program in the current year was to look at the prospective site at No. 6 where extensive exploration drilling was carried out amounting to 22,580m, this was followed up by 3,700m of core drilling towards the end of the year. Sampled grades obtained from the core samples extracted ranged from 1.4g/t to 2.4g/t.

The exploration licence at Teren-Sai expired in May 2022, under the contract the Company has the right to renew the licence. The Company has submitted an application to extend the licence in order to conduct further site works in Teren Sai and to further define the areas of interest to the Company. In relation to Area No.2 the Company is considering moving to the production phase after further testing, and to the remaining sites of interest an extension to the exploration licence. As noted in the prior year, the results from the test production for Area No. 2 indicated an average grade of 1.8g/t, with the initial production being obtained from open pit workings

[excellance] 18/4/2023 23:29

April 2021 final results
Exploration – Teren-Sai

The Teren-sai exploration program has been expanded and accelerated during 2020. The Company views the site as a very valuable asset that will add substantially to the production capacity of the Company once it is fully functional.

In area No.2 the Company continued pneumatic drilling conducting 16 profiles for verification analysis against existing data. Additional drilling was also carried out to fully delineate the extent and boundaries of the ore body resulting in 14 completed drill holes and 4,183m drilled meterage.

In addition to Area No.2 exploration work was expanded to Area No.1 and new zone identified as Area No.5. In Area No.1, 13 prospective drilling profiles were conducted, the analysis of the results was encouraging and further core drilling is to be undertaken in 2021. In relation to Area No. 5, the meterage drilled was 3,886m with 17 drill holes which identified 11 ore intersections. Sampled grades over four of the holes ranged from 1.4g/t to 2.4g/t and further work is planned in this area in 2021.

The Company also commenced topographic work over 50km2 to gain a better understanding of the site and the potential to develop the area, the work will be completed during 2021.

[stevea171] 18/4/2023 13:14

ALTN Annual Report and Accounts to be posted within 10 days.

Being ALTN probably they will leave it to the last day, Friday 28/4, 5pm? So the PR opportunity is wasted and there can be no news coverage because of the w/e.
They have had 10 months to prepare for this so I hope the new auditors provide a glowing report ....

[researchcentre123] 18/4/2023 08:04

Shld be interesting and hopefully will help share price Actually the development has all been since beginning of the year with loans etc from what I remember but maybe we'll have some notes on progress. How long shld it be for equipment to get delivered and to get to the gold with current expansion plans - is that 6 mths, a year, 2 years or more?

[excellance] 17/4/2023 17:16

I think finals are due in a couple of weeks...

[bsg] 17/4/2023 14:19

The £10k's keep rolling in.

[excellance] 14/4/2023 12:25

Not sure if the chart shows it but it seems like volume is up, from hundreds traded in a day to tens of thousands.

This could explain the rise from 74 to 145, I'm but interested in the opinions of any chart experts...

[stockknobjockeyvanbookstino] 14/4/2023 09:31

Bought two x 5,000 this am in the new ISA at 143 and 144, the 143 trade not showing yet, but made an hour ago.

[excellance] 13/4/2023 16:28

Kazakhstan should keep well away from EU or US politicians, and remain neutral in the current Russia/Ukraine conflict and China/Taiwan tensions.

[bsg] 13/4/2023 16:06

Just lack of interest, lightly traded stocks just get marked down.

[palisz] 13/4/2023 08:31

Company has 2 main issues, neither of which put me off accumulating.
1) having a majority shareholder with 67% does deter institutions, but this is way more than discounted by the current price.
2) The size of the company , a micro cap, also deters many investors, despite the excellent track record. Stupidly, as the company gets bigger, and shares rise, the investors will get more interested... They rather buy at 500 (with a market cap well over 120m) than 150! (with current cap £40m)
This is also why the company hasn't rushed to find a new broker, it would be paying fees for really little gain, first the company needs to grow and as the King below says, things are all heading in the right direction for that, shares will follow...
This really is a long term multi bagger hold in my view. DYOR

[king suarez] 12/4/2023 15:59

Next year is the year we begin moving up to 60k oz production. I think once we see evidence of this transformation coming in on time (and budget) then the share price should start to re-rate properly - ALTN will be kicking off tremendous free cash flow at the current gold price with the operating margins here. No concerns about paying down the debt swiftly then should be able to self fund towards the longer term 100k oz and 'extreme' dividends which will be the prize for those buying now with patience!

Could easily be paying out £1 p/a dividends in a couple of years time?

£5 share price target once 60k ounce stable production and the debt largely paid down. £10+ long-term if/when 100k ounce production is achieved - I don't see why not?

[researchcentre123] 12/4/2023 14:44

Needs longer term shareholders - at the moment it goes up 20% and there's a rush of selling. Needs more Berkshire Hathaway type long term shareholders

[excellance] 12/4/2023 12:37

I can't believe the current share price considering the price of gold and the progress we've made regarding funding.

[researchcentre123] 12/4/2023 08:32

I figure this share is a bit like building a house.....you can be 95% complete but without the fitted bathrooms and kitchen, you'd be lucky to get 50% of full sales price. It's nearly there at Altn. When it expands and has dividends, it'll be worth a multiple of current share price. They just need to keep improving, ticking boxes and they'll get there

[researchcentre123] 11/4/2023 16:57

All sales today and the price goes up......

[researchcentre123] 11/4/2023 09:38

How can you say that when we have 171 shares purchased today....and the morning opened with a first purchase of one share.......

[king suarez] 11/4/2023 09:34

Looking at the scale of the rise in MTL can't help feeling we are a bit over-looked by the market at present?

[pensionplanner] 11/4/2023 08:10

If dollar loses petrodollar status it will make not one jot of difference.

Because if the dollar loses value and is seen to be losing its status, which it is, then the gold price will rise accordingly.

If anything it might be the opportunity to reinstate a Gold backed currency, with gold price higher

[researchcentre123] 11/4/2023 07:43

Interesting ideas. The question is how much would the family want to sell out at. They've invested a long time in this company and it's just starting to succeed now. I think any offer wld have to be at least several times the current share price. Just imho of course. Then question is wld someone offer that. Clearly the business is bankable as recent loans show.