Altyngold Share Discussion Threads

[stevea171] 26/9/2023 20:00

Dofmeister bragged recently on LSE he had accumulated 100 million EQT shares saying holders who were down had got their entry price wrong and implying he knew better and had got it right! He previously reported in a number of posts he had been buying at .27 to .30p and higher and progress on his accumulation.
Yesterday EQT was 0.05p to sell.

I make that he has lost £250k in a few months and at the same time he was berating me for warning about issues the company was keeping hidden and deriding me for selling out.

Zero credibility and complete loser ....!!

[dofmeister] 26/9/2023 19:23

I'll try and buy in the morning, provided nothing RNSd to contrary, had no issues in adding 40,000 over last 2 weeks.....

[excellance] 26/9/2023 19:08

PP, sometimes the trading of small volumes is impacted by bigger trades not visible to the market. I have long suspected some kind of corporate action to help fund phase 3, and maybe we're seeing the indications of that with very restricted or even controlled trading?

[dofmeister] 26/9/2023 19:00

Don't worry about Stevea, he spams a lot of boards with doom and gloom. It was only a couple of months ago he was promoting AAZ as a model company......lol.

[pensionplanner] 26/9/2023 16:28

The market knows results will come, so what better than knock the price.

Anyone lucky enough to get any today...My order wasn't filled at all. I will let it run tomorrow, but seems a funny old situation when they mark the price down but won't sell any meaningful amounts.

[gizmohican] 26/9/2023 15:06

Not sure why so negative... as the qtr 1 rns update was all pretty positive?

AltynGold is pleased to announce its 1Q23 production update.


Highlights:

-- Implementation of the growth plan is progressing well with the delivery
of new mining equipment (LHD CAT R 1300 - 4 pcs., dump trucks AD-30 - 2
pcs., vertical sinking complex KPU- P - 1 piece, etc.). Ore mined
increased 4% year on year to 139.8kt swiftly recovering from the
abnormally low level of 4Q22 of 118.6kt due to extreme weather. In April,
ore extraction volumes reached 66kt in support of the full year
production target of 750kt/y.

-- Processing plant capacity expansion to 1.0 million tons/year is also
making good progress. The "VNIITsvetmet" design Institute is finalising
project details and contracts were already concluded for the supply of
the required equipment (mill 4500 6000, a three-stage crushing complex, a
hydrocyclone pump unit and three additional leaching tanks with a volume
of 800 m3 each etc.). The expanded processing capacity is expected to
take effect in 1Q24 without incurring any hindrance to current
operations. During the period due to planned maintenance at the crushing
facilities, milled ore declined 22.6% year on year.

-- Reserves development is being accelerated with the preparation of ore
bodies No. 11, No. 6-8 and No. 5-5 at +84m horizon and transport slopes
No. 1 and No. 2 at +67m and +50m elevations respectively. Grades
retreated slightly to 1.9g/t from 2.03g/t from a year ago as a result of
the clawback effect from selective mining in 4Q22 when grades reached
2.49g/t. This measure was taken in order to offset the decline in mining
production due to extreme weather over the previous quarter.

-- Revenues at USD11.15m were temporarily impacted by reduced volumes
given maintenance activity as noted at the crushing facility.

1Q2022 1Q2023
Ore mined tons 134,461 139,837
Contained gold ounces 8,841 8,869
Ore milled tons 151,431 117,235
Average gold grade g/ton 2.03 1.90
Gold poured ounces 8,129 5,902
Revenues US$ 14.38 11.15

[pensionplanner] 26/9/2023 14:31

Steve. You must believe long term as otherwise you would have sold. I take weakness in so as opportunity as you can’t always easily fill buy orders.
You do though seem a glass almost empty with regards to the doom you infer may be the cause

[researchcentre123] 26/9/2023 12:15

You're not a masochist Stevea but I guess deep down you can see the potential, and are just frustrated that whilst the company progresses, the management don't do things that might help further like doing accounts in reasonable time

[stevea171] 26/9/2023 10:45

I've been invested here for years. Probably long before you and many others here.
I am sick and tired of their snail 'progress' and non-delivery against grandiose plans.
So I'm a masochist if you want to know .....

[researchcentre123] 26/9/2023 10:38

Stevea I get it. My view is that's priced in and the actual company is doing ok. I am curious why you are a shareholder or if not why here?

[stevea171] 26/9/2023 10:17

RC. You have a very short memory if you have forgotten already the bombs they dropped with their AR's not just this year but 2 years in succession.

To support a company like this without reservations as you do would indicate a supreme lack of judgement ... ?!

[researchcentre123] 26/9/2023 10:00

I am curious why you hang around here Stevea171. You always think the worst of the company and envisage the worst. I think the only real problem here is the lack of interest in governance to a western standard ie they take too long giving reports. It seems be developing ok tho and the banks thought enough of it to lend $40m. It'll be another year I guess before things are properly developed but it seems to be be progressing as one might hope.

[stevea171] 26/9/2023 09:06

The silence here goes on for reasons not disclosed.
Did the blasting collapse the mine?
Did the processing plant give up the ghost?
Just 3 trading days to go now ....

[gizmohican] 25/9/2023 09:33

I'm more in for the next 2 years as all expansion has general set backs and delays, gold prices over the next 2 years are expected to increase exponentially. Generally very happy of where we are with Altyn currently.

[pensionplanner] 25/9/2023 08:39

Expansion is often accompanied with a reduction in production at outset, as there's often more downtime even on the existing plant. That's one reason I'm not waiting with baited breath, but want to see what progress overall.

[dofmeister] 24/9/2023 20:03

Interims due next week, what's the point of issuing Q2 separately.....?

[excellance] 24/9/2023 18:41

Gold has doubled in 5 years in GBP terms, from 800 to 1600, while gas and electricity prices have remained flat despite the massive fluctuations around the post covid period.

Amazing when you think how much cash has been pumped in, energy prices really should be double what they are.

The real question is why have ALTYN decided to withhold Q2 numbers?

I assume that they are dreadful, but could be something going on at corporate...

[gizmohican] 24/9/2023 09:55

Gold could be headed for US$7,000 by 2025: Strategist
Bloomberg Intelligence Strategist Mike McGlone explains why the price of gold could be headed for US$7,000 in the long-term. Gold could be headed for US$7,000 by 2025: Strategist

[stevea171] 20/9/2023 20:22

Stock. I hope you got out of EQT before today's announcements. Likely further bad news in prospect ....

[king suarez] 20/9/2023 16:03

Perhaps we will get a Q2 AND Q3 update in one rns in 2 weeks! ;)

[excellance] 20/9/2023 15:51

Gold is flying as we get near to peak interest rates, and hence diminishing bond yields from now on.

Oil prices rising too as Saudi cuts production.

[stevea171] 15/9/2023 10:53

2 weeks to the end of Q3. But ALTN has not reported on Q2 production yet.

ALTN has 2 weeks to report Interim results incl Q2/H1 Production. As they have built a reputation for late reporting it will be interesting to hear the latest in a catalogue of minimal communication and incompetance. Or will the shares be suspended again?

[excellance] 14/9/2023 12:19

It's been a long and expensive build for the directors who as it stands are well out of pocket.

The good news is that they are still working with it, and the finance deals they have worked have been as good as I've ever seen!

[researchcentre123] 14/9/2023 10:47

At the moment it's a half-built house - not much good to most pple. But once it's working at scale, paying dividends etc then the roof is on, there's a tenant and any number of investors will be interested.