Altyngold Share Discussion Threads

[chrisdgb] 07/6/2023 10:19

All quiet here......the time to buy

[bsg] 30/5/2023 08:25

I'm not sure the MM's give a toss what ALTN do, They're just interested in volume. Little volume the algo's mark it down. Sellers appear algo's mark it down and so on.

[mold breaker] 29/5/2023 15:30

The MM’s were expecting a higher net profit, hence why share price is “currentlyR21; at this level! Nothing to do with “Ukraine issue”, “sanctionsR21; or “current/future development or “debt repayment” they already know that stuff!

[excellance] 29/5/2023 15:05

Surely nobody in their right mind expects profit from Altyngold at this stage?

We raised $40m via loans because we need cash to invest in capital equipment, and yes our current operations are yielding operating profit but ALL of that will be going into development and debt repayment.

The proceeds of this capital investment will be seen in a couple of years as production grows and debt is reduced when compared against revenue's.

The plan is staged in phases, and we are entering phase 2 at Seki, phase 3 to come after that.

Meanwhile, we are also planning for TS to follow, partly in parallel, and that will cost double what we've already raised, but we should be churning out much bigger operating profits at that stage, depending on energy costs and gold prices received, and of course geopolitical issues.

[mold breaker] 29/5/2023 14:08

IMO the current share price is a direct reflection of the difference (circa 8m$) in the anticipated net profit (expected circa 21m$ (2022) and the rather disappointing 13m$ and probably less to do with jurisdiction, possible sanctions or the perceived threat of taking the company private.

The share price should start to steadily climb 2nd half 2023 once the “The Company has continued its development at Sekisovskoye in line with its mining plan. The pace of development should further accelerate in 2023 as the US$40m funding is deployed for the acquisition of new equipment and infrastructure development. The majority of the new equipment is expected to be in place during the first half of 2023.”

[excellance] 28/5/2023 14:34

Correct, but if the share price is languishing down at these 1.15 levels then maybe they'll delay any TS offering. TS was already stated to be a secondary consideration and timescales appear to have slipped, so maybe we'll self fund that a little later, or invite a partner in, perhaps someone with other assets to put into our portfolio?

Then there's the Ukraine issue and sanctions to consider.

[cwilmot1] 28/5/2023 14:12

There was an indication in the 2022 audited accounts CEOs review that indicated that listing would be used to raise funds for Teren-Sai. "US$75m will be required to bring the Teren-Sai project on stream, as it will require new processing facilities and infrastructure to be developed at the Teren-Sai site. In the initial period the site will be stripped and made ready for open pit production in order to move to production efficiently once the necessary funding is in place.The brokers who are providing sponsored research and opening up opportunities for investor funding will play a key role in moving the projects forward." If this is the real plan what share price do you think would be acceptable to the majority share holder to raise new funds? I would think it would be well north of £3. To get the share price there would require a lot of investor relations work/improvement and publicity. I hope that's there plan.

[dofmeister] 27/5/2023 07:46

I've always had emails answered, no issues.

[researchcentre123] 27/5/2023 07:35

There is such a thing as a telephone. If an email doesn't go thru, just call them up. To me they seem decent enough pple who are concentrating on building up the business, although a little frustrated by the refusal of the market to recognize their efforts

[stonefold] 26/5/2023 16:12

It was not "blocked" days before the AGM.
That implies that it had worked previously then they chose to stop it.

That new domain never had its email setup (its only function was to point to their website).

I would guess that some admin person mistakenly updated document/report templates by find "altyn.uk" /replace with "altyngold.uk" . With the intention of updating references to the website, overlooking that it also changed the email address.

With regard to communication, they employ people who make mistakes, and they don't seem to employ people to look for those mistakes.

[stevea171] 26/5/2023 15:45

>>>> "A couple of times in the past they mistakenly said to use [e-mail]"

Just a few weeks before last year's AGM ALTN were still advising of an email address that was blocked days before the AGM. Yet we are expected to believe this was just another of their 'mistakes' .....

How can a Company Secretary not know his company's own email address??

3/6/2022. Notice of Annual General Meeting.
Communication
19.Except as provided above, shareholders who have general queries about the meeting should use the following means of communication (no other methods of
communication will be accepted):
p Contact the Company by e-mail to [e-mail]

[stonefold] 26/5/2023 14:19

A couple of times in the past they mistakenly said to use [e-mail]

Anyone now wishing to contact them should look at the bottom of their website.

[stevea171] 26/5/2023 13:37

Yes. Dated 15/6/2021.

[trader465] 26/5/2023 13:22

“In order to deal with questions that shareholders may have in relation to proceedings at the AGM, questions should be sent to [e-mail]”

[stevea171] 26/5/2023 13:16

Stonefold. I have not tried to contact this company directly since a year ago. The email address I used for the AGM was the one they published at the time and prior.

[stonefold] 26/5/2023 13:08

As far as I am aware the domain altyngold.uk has never been set up for email.

All the replies I have had have been from various names @altyn.uk

If you look at the bottom of their website you will see they give an email address

[e-mail]

- that is the best place to start.

[stevea171] 26/5/2023 13:07

RC. If you live in or near London attending AGM's is little trouble.

The alternative is email questions or Investor Meet Company - on line presentation, submission of questions and direct answers. Neither of these were offered last year. Lets see what they do this time.

[palisz] 26/5/2023 13:02

Thank you, you just proved my point.

[stevea171] 26/5/2023 12:59

Palisz. You have just proved one thing. You are as unreliable in your statements as are this management. Birds of a feather?

[palisz] 26/5/2023 12:59

They got a top 10 accountant, they are concerned about both PR and getting a co. broker, but it's not easy, costs, and no point if it's not a reputable broker or experienced pr.. It would be worth addressing these issues at the AGM, but when a company is this small and majority owned with 70% of the shares tied up, it's really not worth a broker doing the work! They clearly believe results are what matters, and they are delivering.

[researchcentre123] 26/5/2023 12:49

Stevea you didn't attend the shareholders meeting last year which both I and two others did. Aidar had COVID but attended thru zoom. We each sat down in turn and asked all the questions we wanted. Nothing was not answered and I think we all went away satisfied.

[palisz] 26/5/2023 12:49

I've tried to help. Your forever slagging off the company, I just hope you don't address the board the way you write on here. I wouldn't answer either.

[stevea171] 26/5/2023 12:28

Further to AGM questions.
Questions are not reported verbatim as asked. ALTN see fit to alter the wording of shareholder questions to suit themselves and answer accordingly.

How can anyone have the slightest trust in management who behave in the fashion I am describing?

[stevea171] 26/5/2023 11:53

My questions were the only email ones submitted to the AGM that got through last year.

They made up their own questions and answered them to give some detail concerning the audit difficulties delaying the AR and resulting in audit qualification. Also to make it look as though shareholders not attending the AGM could ask questions.

[stevea171] 26/5/2023 11:41

Palisz. You are mistaken. Questions were not invited for the AGM in 2022. Show me your evidence. Questions WERE invited for the AGM the previous year - 2021.

You say last communication was 'last Sept'. So you did not send questions for the AGM which is what I am talking about.

I have now added to my post above that documented my email attempts to contact the company prior to the AGM. There was no explanation for ALTN taking down their email ahead of their AGM.