Altyngold Share Discussion Threads

[quinan] 05/5/2023 15:01

those who brought in on the dip last week will be smiling those who jumped may want to pile back in, it's going to be interesting next week. it also seems the board is keen to see the share price move to its correct value.

With continuing positive operational developments, it is hoped that the share price will be more reflective of the Company progress and its future prospects.

I would suspect the delay was due to the government approval payments making sure its above board.

[king suarez] 05/5/2023 14:49

Combined NPV for the mines estimated around $500m at a $1,280/oz Gold avg price - pretty 'decent' risk/reward at current market cap...

They say these increased admin/project costs will be lower going forward and in future years - hopefully committing the funds to build a library for the local university means there are no obstacles to extending the TS mining licence. The rest of the increase looks to be partly around ESG reporting requirements, but also mine related project appraisal costs, which should be 'value add'.

[pensionplanner] 05/5/2023 14:45

"The key modifying factors used are as follows:
long term prices for gold and silver of USD1,280/oz and USD17/oz, respectively;"

Today gold price spot $2,007
Silver $25

[pensionplanner] 05/5/2023 14:31

Good to see we also produced decent amount of byproduct

[king suarez] 05/5/2023 14:03

P20 of the accounts:

"EY estimated the preferred value of Sekisovskoye Mine as the average value between the Income-based approach and the Market-based approach. Therefore, the preferred value for Sekisovskoye Mine is estimated between US$383m to US$415m and that of Teran-Sai as estimated as between US$92m and
US$104m."

Based on:

"The key modifying factors used are as follows:
long term prices for gold and silver of USD1,280/oz and USD17/oz, respectively;

an average underground mining cost of USD425/oz, which is based on a longer term projection based on an increased level of ore mined. The current cash cost is in the range of US$850/oz."

"Assuming that this potential were to be realised, the current projects as developed would contain approximately 8.42Moz of gold."

[king suarez] 05/5/2023 13:46

I wonder if...

"The Company sponsored projects worth US$3.6m for the benefit of the community in line with central government recommendations."

Has any bearing on...

"An extension to the mining licence for two years at Teren-Sai has been applied for and is expected to be finalised in the second half of 2023."

"The development of Teren-Sai has been progressing slower than anticipated but the management is committed to continuing the exploration program and accelerating ore extraction; initially open pit and then underground. The mining license for an additional two year term is in process and expected to be granted in the second half of 2023. The application for renewal is with the appropriate government department for consideration, and the delay has been due to checks to be performed by the relevant government body on the land to be returned that is not required for commercial development. The checks have been delayed until weather conditions improve on site, but the Company sees no issues in progressing the application once this has been done."

[mold breaker] 05/5/2023 13:45

… at least we now know what the Sponsored projects was for (local community on Govt. recommendations). Once suspension lifted can see this going back to £1.60 in short term.

[mold breaker] 05/5/2023 13:40

The administrative costs have increased by US$6.6m mainly as a result of one off items. The Company sponsored projects worth US$3.6m for the benefit of the community in line with central government recommendations. A further US$3m was spent on mine upgrade, ecological research, carbon offset programs and climate change reporting. The expenditure on these projects is expected to decline in the forthcoming 2023 period.


The Company realised a gross profit of US$29.3m (2021: US$27.8m) and net profit before tax of US$13.4m (2021: US$18.3m).


Adjusted EBITDA decreased to US$21.9m (2021: US$26.4m) as a result of the non-recurring increase in administrative costs identified above. Details of the calculation are shown in note 13 of the financial statements.


Cash at year end was US$116,000 (2021: US$3.6m). Funds utilization included US$9.7m change in working capital following significant prepayments for equipment, US$6.4m bond and other loans and interest repayment net of new loans and US$9.2m capital additions. The Company raised funds post year end from the issue of a bond on the Astana International Exchange (AIX), raising US$9.4m.

[mold breaker] 05/5/2023 13:28

CHAIRMAN'S STATEMENT


The Company had another successful year increasing its sales output to 34,499oz, generating a turnover of US$62m and a profit before tax of US$13.4m.


The Company is advancing on its development plan having successfully secured US$ 40m funding at attractive terms. The ensuing objective is to increase ore production to 760ktpa in 2023 as a springboard to achieving 1mtpa thereafter in line with the processing plant expansion planned for 2023-2024.


In conjunction with its development strategy, the Company is closely monitoring and controlling its carbon emissions. AltynGold currently ranks among the lowest emitters according to Kazakhstan's environmental legislation. The Board is continuing to develop plans and reviewing technologies that will reduce future carbon emissions.


The development of Teren-Sai has been progressing slower than anticipated but the management is committed to continuing the exploration program and accelerating ore extraction; initially open pit and then underground. The mining license for an additional two year term is in process and expected to be granted in the second half of 2023. The application for renewal is with the appropriate government department for consideration, and the delay has been due to checks to be performed by the relevant government body on the land to be returned that is not required for commercial development. The checks have been delayed until weather conditions improve on site, but the Company sees no issues in progressing the application once this has been done.


Looking forward, the Company is anticipating solid growth. While higher interest rates and the strong dollar may hinder the demand and price of gold, the latter should be supported by geopolitical turmoil. Indeed, professional consensus forecasts see the gold price trading in US$1,800oz -US$1,900oz range. Although Kazakhstan is not immune to the global inflationary dynamic, this pressure should be mitigated by the stronger dollar in which our revenues are denominated.


With continuing positive operational developments, it is hoped that the share price will be more reflective of the Company progress and its future prospects.


Finally I would like to conclude by thanking our Board members and employees for their unwavering support and I look forward to another successful year.

[mold breaker] 05/5/2023 13:23

05/05/2023 1:19pm
UK Regulatory (RNS & others)


TIDMALTN

AltynGold plc


("AltynGold" or the "Company")


Publication of Annual Report and Financial Results for the year ended 31 December 2022; update on temporary share suspension


AltynGold is pleased to announce that the Company's Annual Report and audited financial results for the year ended 31 December 2022 have been published on the Company's website at www.altyngold.uk and uploaded to the Financial Conduct Authority's ("FCA") National Storage Mechanism at hxxps://data.fca.org.uk/#/nsm/nationalstoragemechanism.


Further to its announcement on 28 April 2023, the Company has applied to the FCA for the restoration of its ordinary shares to the standard listing segment of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange. A further announcement in this respect will be made in due course.

[excellance] 05/5/2023 12:41

"Expect to...on or about...2 May" must have been a reasonably achievable goal, or why state it?

Yes the suspension could be an opportunity, but I'm still confident that all will be good.

[excellance] 05/5/2023 09:17

While suspended the share price doesn't move, but the perceived value can certainly change, reflected in the new share price when or if suspension is lifted.

[researchcentre123] 05/5/2023 08:33

I can see if you're a trader which your handle suggests (especially if a day trader) it's not a great position. If your view is as a long term investor then perhaps it's more advantageous.

[trader465] 05/5/2023 08:24

The problem with suspensions is you cannot get out if news deteriorates the outlook while in suspension.

[researchcentre123] 05/5/2023 08:09

I suppose it's still possible they could bring the accounts out today but waiting another week wouldn't overly surprise me. If you've had 4 months, is one week really going to make that much difference ie they couldn't have done it in time? Seems to me likely they've hit some kind of problem but hopefully that'll get sorted. At least with the suspension we can wait without speculation driving the share any further into the ground

[loganair] 05/5/2023 07:33

A warning sign for me was when the old JRS now JEMA investment trust sold all 4 of their Kazak stocks in the middle of last year while at the same time Sberbank also sold its Kazak subsidiary both siting trouble ahead in owning companies in Kazakhstan.

[sleveen1] 05/5/2023 07:32

Itching to see what the admin sponsorship costs relate to.

[excellance] 05/5/2023 07:31

And maybe they'll just not bother.

[excellance] 05/5/2023 07:30

So it could be some time this year...

[trader465] 05/5/2023 07:18

“expects”; to publish its 2022 Annual Report “on or about”

Note the words “expects”; and “on or about”. Allowing for the “unexpected221; and “on or about” leaves them with a window of at least a couple of weeks wiggle room from 5th May

[excellance] 05/5/2023 07:06

on or about Friday 5 May 2023

[excellance] 04/5/2023 23:30

I live in hope

[researchcentre123] 04/5/2023 22:22

I love your optimism.....but given they can't get the accounts out on time I don't think q1 guidance will be prepared in a rush, unless they want to offset the accounts perhaps?

[excellance] 04/5/2023 21:48

Maybe we'll get the Q1 numbers tomorrow too?

[excellance] 04/5/2023 18:12

Neither am I.

Since the listing is suspended due to the accountant asking for more time, nothing material, they can manoeuvre between the raindrops so to speak before the suspension is lifted...if it ever will be.