Altyngold Share Discussion Threads

[excellance] 28/6/2023 20:24

66k pcm is near 200k per quarter, and we know we can mill at near that, we've achieved 155k milked previously. Grades dropped below 2g last quarter but I expect we'll go back above 2 next time around. We know that capacity will be increased by Q1 24, so between now and then we may be limited by bottlenecks and yet still hit records.

[gizmohican] 26/6/2023 17:12

If April May and June average 66 per month the share price should shift on for sure

[excellance] 25/6/2023 20:35

And gold price has been in the high $1900s for most of Q2 which is great for us.

[golden prospect] 25/6/2023 19:46

Apologies, in post 10374 "$40m non-dilutive financing"

Overlooked they raised $10m bond April 2023

Make that $50m non-dilutive financing, so probably the cheapest gold miner around

Q2 news not far away, should be interesting

[tightfist] 23/6/2023 13:01

Many thanks for the link PP, there are more details here that I was aware of previously. A pretty comprehensive shopping list; notably with western equipment underground, and Chinese equipment overground. And a Ball Mill to boot.

[excellance] 22/6/2023 17:07

This is the essence of capitalism. We could have just continued as we were for decades, making a little profit, only investing in critical situations, or we could borrow $40m and vastly improve the financials, but with debt to manage for a while.

The key now is to absolutely ensure that the debt repayments are made with spare gas in the tank.

[researchcentre123] 22/6/2023 13:13

Anyone attended the shareholder meeting?

[gizmohican] 22/6/2023 09:32

They should know wot May and even June's tonnages are now give or take..

[golden prospect] 21/6/2023 16:02

$40m non-dilutive financing and going for growth, so plenty to like

Mining rates are increasing, especially given the April 66Kt, so any maintenance downtime in processing resulting in reduced gold pour is stored value.

ALTN market valuation is so derisory that the risk case for increased investment becomes ever more attractive.

This time next year rodders!

[nevgroom] 21/6/2023 12:24

Careful PP - Can't let facts get in the way of a good stevea whinge, this thread woould be utterly boring without the embellishments ;-)

[bsg] 21/6/2023 11:20

May be we'll be able to top up at under £1.00 over the next year?

[pensionplanner] 21/6/2023 08:57

Thanks for the link Steve, but I believe Altyn do not utilise a SAG? Don't they use a ball mill, where I believe they were suggested they were adding another?

[excellance] 21/6/2023 07:52

Core inflation highest since 92
Debt to GDP highest since 62

Should be good for gold and gold miners

[excellance] 20/6/2023 20:13

Gold weaker again today as markets come to terms with more rate hikes, and the hikes won't stop until they hurt.

[stevea171] 20/6/2023 19:58

Run12. Reline as such is not mentioned. However, 2 weeks may be fine for where you work. 2-5 days is quoted below with specialist teams a lot faster. 3 weeks is not mentioned.

The relining of mills is a necessary process and it is very often the critical maintenance path of a concentrator shut down. Generally speaking, and depending on current ore prices, the production of a large SAG mill usually equates to between US$30,000 and US$200,000 per hour. The high-wear liner components of a large SAG mill can take anywhere from 40-120+ hours to replace, depending on worn liner condition, support equipment, tooling, and the depth of experience of the reline crew.

As a rule, and as a minimum, a professional reline crew should outperform the ‘skilled’ nonprofessional or in-house reline crews by 30% or more, with improved safety. That difference in efficiency is the reason why professional mill relining companies exist today. In most cases, the cost of their service is more than compensated for by the value of the increase in mill availability.

[gizmohican] 20/6/2023 18:55

Qtr 2 results will certainly tell us, they left the carrot in front of us re 66k April figure, now its for them to deliver.

[gizmohican] 20/6/2023 18:53

Lets hope so?

[excellance] 20/6/2023 17:56

As development progresses the company will have to optimise. It is no good having bottle necks in the system.

66k pcm is great, but can we process it through all stages at that rate?

[gizmohican] 20/6/2023 17:40

qtr 2 results were released on the 1st aug last year so not long to wait at all.

[gizmohican] 20/6/2023 17:16

I am guessing the qtr 2 results will be strong, averaging 66k per month for April, May and June at a minimum, with increased gold pours as now seem to be all back up and running. New equipment starting to be utilised so I am happy with the way things are progressing. 40 mill loan at competitive rates obtain with no issues, great resource in the ground, not many shares issued …..wots not to like

[run12] 20/6/2023 16:38

Stevea171 - where I work we take our ball mill out for 2 weeks to re-line it. It is not a quick job. And that is with the parts on hand to fit. So I don't view 3 weeks as unreasonable.

[pensionplanner] 20/6/2023 15:45

Did you miss the adverse weather comment?

Also very hard to implement an expansion program without having downtime to do it.

"The Company entered into credit arrangements with Bank Center Credit to finance the processing plant expansion and the acquisition of new mining equipment. While this financing was completed in November, the funds will be fully drawn in in 2023. Concurrently, the processing plant expansion work has already commenced and substantial equipment purchases were placed post year end, which should result in higher level of ore production.

Mine development

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"

If investors don't realise such expansion and infrastructure development might impact production initially then I'm surprised, let alone adverse weather, which is verifiable.

[stevea171] 20/6/2023 13:04

A quarter is 13 weeks. The crusher was down for 3 weeks out of 13. Not a few hours or day or 2. What kind of "planned mtnce" takes a crusher out for 3 weeks? If it's planned you already have any replacement parts to hand. You don't take the machine down and then send off for parts that take 3 weeks to arrive.

They don't provide any detail, hardly surprisingly.

[run12] 20/6/2023 13:02

Assuming they are running ball mill(s) as the final stage to produce necessary grading for leaching. They will need to take it down for at least a couple of weeks every year for maintenance - replacing / repairing liner & lifters and anything else that will need work.
From their results it was 22% over the quarter, so over 3 weeks.
Milling would normally be a 24/7 operation so not unreasonable to expect loss of production for a period every year.
Just so long as it's not every quarter.

[excellance] 20/6/2023 12:38

"During the period due to planned maintenance at the crushing
facilities, milled ore declined 22.6% year on year."

Not sure of the process here, but if milling is done in batches, and we missed a batch or two due to maintenance, we would see a significant hit, but this could give us a head start in the following quarter.

We don't know the exact details, but nobody pours gold an ounce at a time.