Altyngold Share Discussion Threads

[excellance] 25/4/2023 20:04

Near 300p in August 2020 when gold prices and production were much lower and funding wasn't in the bag and without any dilution.

We could double and we'd still be silly cheap.

[excellance] 25/4/2023 20:00

After a long down trend, from October last year there's a straight line steeply up, and although we got ahead of ourselves in January and we saw some profit taking the up trend seems to be intact.

A breakout from this level could be very exciting.

[excellance] 25/4/2023 19:21

I think we'll see a much higher share price in the next 18 months, assuming we keep up the good work and that the Ukraine war stays in Ukraine.

[mikro1] 25/4/2023 19:17

I doubt they will do an equity raise and even less likely at these prices as the share price is half the price the majority shareholder last invested at.. it wouldn’t sit well with them

[excellance] 25/4/2023 11:27

Agreed, but if it expands our pf and mitigates risk...?

[researchcentre123] 25/4/2023 10:37

Can't really see an equity raise as it'd dilute managements shareholding

[excellance] 24/4/2023 17:02

The company raised $40m over nearly 7 years at 7%, plus $10m over two years at 10.5% via bonds.

The next step could very well be an equity raise to fund TS, assuming it's a goer.

Alternatively we could entertain a merger or RTO to utilise our listing and expand our pf.

[excellance] 24/4/2023 15:02

So far they haven't really utilised access to equity markets, which is the primary reason for listing, so I assume they intend at some stage to do exactly that.

In the meantime we are very visibly in the shop window, with accounts and production reports.

[researchcentre123] 24/4/2023 09:56

I doubt they're in a hurry to delist/buyout- if so best time would have been when share price was lower and they'd have got finance later rather than now. But anyway, they always post accounts at the last minute so there's nothing new. Just how they do things

[stevea171] 24/4/2023 08:58

As expected ALTN leaving it to the last minute for release of their FY Accounts. Reporting anything they clearly don't want to do. Will they make an offer to buy out minority shareholders and cancel the listing .... ?!

[excellance] 22/4/2023 12:32

Meanwhile, TS is still taking a back seat, tho drilling has been ongoing, and plans submitted to authorities.

While I can see that there could be great value adding potential at TS I haven't seen evidence of tangible progress, tho the company haven't dropped the project or opted for any new projects, so I expect we'll get some positive news on that in due course, tho we can't "bank" on it just yet...

[excellance] 22/4/2023 12:19

15 march 23

With respect to 2023 the company is accelerating its growth plan driven by an expanded fleet of LHDs and underground dump tracks. In anticipation, AltynGold has been accelerating the opening of deeper horizons with the development of transport declines #1 and #2 below +100m mark. During 4Q22 mining operations at the Sekisovskoye mine were carried out at +150m, +134m, +117m and +100m levels.

[excellance] 22/4/2023 12:16

Within 2 years of the date of that release would be by Dec 2024.

That is less than 20 months away now!

[excellance] 22/4/2023 12:13

Our partner's confidence

Within two years

Sustainable dividend policy

[excellance] 22/4/2023 12:08

AltynGold’s CEO Aidar Assaubayev commented:

“Securing the development funding at attractive terms, indicates our partners’ confidence in the prospects of AltynGold. We are now in a position to implement the expansion plan towards 1mtpa production within two years in line with our strategic growth plan. Achieving this milestone will significantly increase shareholders value and set the stage for a sustainable dividend policy.”

[excellance] 22/4/2023 12:07

To expand the capacity of the processing plant to 1mtpa:

- installation of an additional mill 4500x6000 for the first stage of grinding;

- acquisition of equipment and construction of a new crushing and screening complex (DSK) with 3 stages of crushing;

- expansion of the sorption department (installation of an additional 3 leaching tanks of 800 volumes each with full equipment);

- reconstruction of the desorption and electrolysis system in order to ensure the processing of 8 tons of activated carbon per day;

- implementation of a significant amount of construction and installation works (construction of buildings and structures, foundations, installation of equipment, etc.).

[excellance] 22/4/2023 12:07

To increase the production capacity of the underground mine to 1mtpa

- acquisition of an additional amount of basic mining machinery and equipment:

underground dump truck AD-30 (30t) - 7pc;
LHD Cat R-1300 (3.1) - 7pc;
ring drilling rig Atlas Copco Simba K-102 - 2pc;
tunneling jumbo Atlas Copco Boomer S1D;
raise bore KPV-4A - 1 pc;
exploration drilling rig Atlas Copco Diamec U4 Smart.
- acquisition of auxiliary mining equipment that ensures efficient and safe mining operations:

main ventilation fan "Korfmann" - 1pc;
local ventilation fans VME-12 - 4pc;
special vehicles for delivering people to the mine - 3pc;
compressor 45 "Lupomat" – 1pc;
other equipment: cleaning area scanner, inclinometer, Flygt BS downhole pumps - 6pc, etc.
- reconstruction of the power supply at the mine and the implementation of an accident warning system and positioning of workers in the mine;

- draining the pit in order to reduce water inflow into the mine and ensure the safe operation of the pit’s transport communications in winter;

- equipment and transport for moving ore and workers on the surface (25t Shacman dump truck - 6pc, ZL-50 loader – 4pc, Bulldozer - SD - 32, JSB excavator, tanker, PAZ bus, etc.).

- to increase the ore processing capacity up to 1mtpa, the processing plant will be reconstructed.

[excellance] 22/4/2023 12:06

5 Dec 22

Receipt of an additional credit line from BCC and expansion at Sekisovskoye

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 interest charges ranging from 3% to 7%.

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.

[excellance] 20/4/2023 01:11

Steve, I understand your frustration, extended time waiting for the cycle to turn back in our favour with the associated opportunity cost makes us bitter.

I think that money talks, and actions speak louder than words, and although TS intentions are opaque nobody can deny the improvement it Seki, and the raising of cash on excellent terms with "extensive due diligence" speaks volumes, I'm delighted with plans for Seki.

At TS the company make lots of noise, say things like "the company sees great value" but then delay and hand back license areas of no further interest. They seem to be very cagey about what is happening there, and I can only hope all is good, but in truth we can't know until we see cash being spent on development and we see the numbers.

We all need more info on TS.

[excellance] 20/4/2023 00:42

Monday 27 June, 2022
In relation to Teren-Sai, from the exploration work and test production results, we believe the asset will add significantly to the profitability of the Company. The development of Teren-Sai will require additional funding initially. This can be met by the Company’s own resources, however it will require further external funding to bring it fully on stream. With the Company gearing set to go down with the repayment of the bond listed on AIX and the scheduled repayment of the bank borrowings, the Company are looking at a number of possibilities to raise further funds.

[excellance] 20/4/2023 00:15

H1 2022 – Teren-Sai

In the current period the Company has been concentrating on the finalising its plans for future development of the site, with proposals being sent into the government department in July 2022, these are currently being reviewed. The initial exploration phase requested is three years, but the Company is anticipating a move to production within this period once more detailed studies have been carried out on the approach to develop the site and define the ore bodies.

As part of the review of Teren-Sai the Company has narrowed its search parameters of the 288km2 site, and reduced the areas of interest, to concentrate on those areas showing significant potential. Areas that are no longer of significance are to be returned to the government for alternative use.

[stevea171] 19/4/2023 19:39

As ALTN refuse to communicate it seems they have found someone to speak for them on a BB which is completely unacceptable.
Such sources have zero authority from shareholders to speak for this company.

[excellance] 19/4/2023 19:29

You mean TS?

[stockknobjockeyvanbookstino] 19/4/2023 19:06

The exploration licence at Seki was renewed for a further 3 years from 2022. However, I believe that the exploration has now finished and they are looking to move to production, with plans sent to the authorities in July 2022. There is no exploration budget at Seki for 2023.