Altyngold Share Discussion Threads

[leewink1] 14/10/2019 11:50

true though.

[jc2706] 14/10/2019 07:53

Yes, littlepuppi7 is embarrassing. So are you.

[glavey] 12/10/2019 04:10

Wrong thread, I think, jammy.
Sticky fingers?

[jc2706] 11/10/2019 13:35

I often wonder why people are so willing to show their ignorance and embarrass themselves on bulletin boards. I presume it is because of the anonymity.

[jammydodger1] 11/10/2019 12:59

Placing ahoy at 20% discount guys Get out quick

[jc2706] 11/10/2019 11:29

Pound going up owing to the (erroneous I suspect) expectation that a Brexit deal is more likely now.

[excellance] 11/10/2019 10:50

HZM nickel flying, today is not a good day for gold related stocks.

[littlepuppi7] 10/10/2019 15:21

Looks like someone's cleaning this out finally

[littlepuppi7] 10/10/2019 13:16

Only one block of stock left at .65 now so hopefully about to resume some upward movement.

[tightfist] 10/10/2019 13:14

OT: FWIW IMO you could add SRB to that list. Yes, it's put on strong gains this year, but that is from a heavy overhung position. It's still up only 20% from the last placing and look what progress has been made since then - and there is a lot less time left until C-day!

[jc2706] 10/10/2019 11:46

Condor are still years away from production are they not? The valuation comparison with ALTN is stark. There seems little justification for CNR's market capitalisation to be higher than ALTN.

[bmnsa] 10/10/2019 10:20

OT
IMO shares that have multi x share price chances,3 goldies 1 oil.

PTAL ALTN CNR AAZ

[homebrewruss] 10/10/2019 10:19

tightfist, thanks, good post.
You would think that they have had long enough to think about some of these issues of ramp up but obviously there's nothing like a real test to find any issues.

That said in H2 2014 they did produce 20,300 oz gold so hopefully the plant should be able to do that at least without too many issues.


The efficiency of mining and transporting from underground is a bigger unknown for them and it remains to be seen how well they execute.

[mikro1] 10/10/2019 10:13

I agree with JC2706. It is surprising that this has fallen back after 2 excellent recent RNSs but not uncommon for small caps. I find it is often a great buying opportunity (though a frustrating opportunity!) when shares fail to rise or hold their gains on signifiant positive news. I've bought some more today at about 0.63 (not much was available). One of these days another RNS or an increase in awareness will likely trigger a rapid rerate. It reminds me of AAZ 18 months ago, the good news was already announced in several RNSs and all investors knew what would be coming but the market took months to move, and then it took off rapidly. (Note to Wanobi - it's not too late to get back in!)

[ppvn] 10/10/2019 10:09

Don't also forget that these guys do have a big resource base. At the valuation they are currently at it'd be a very cheap way for another outfit to grow proven reserves.

If they can prove up 9mm ounces that's cash in the bank imv, regardless of how many they manage to pull out every year.

[jc2706] 10/10/2019 10:04

There are many mining companies that profitably produce less than 100k oz per annum with grades lower than 5-6g/t at current gold prices. It is impossible to make these sweeping statements without taking account of the many variables that apply to an operation.

[tightfist] 10/10/2019 09:29

Hi HBR,Re post #997 I have been influenced by long term involvement in MML and learnt that the Mine and Mill must be viewed as a total balanced system and there are many issues to be managed in significantly ramping-up volume..(The catalogue of woes at MML is a different story but) I am thoughtful about how robust the reliability of the Mill will prove when mass throughput is actually increased substantially. They had issues getting spare parts for the old underground trucks - how well placed are they with the Mill equipment, even after the Capex programme?.Then there is the logistics of getting substantially more ore out of the Mine. Maybe it's sufficiently separated to avoid any U/G transport conflicts - but maybe not? Etc etc..It seems prudent to anticipate a long learning curve to work through these or similar concerns. We shall judge the quality of the plan when it is published.Cheers, tightfist

[loganair] 10/10/2019 09:28

I understand in mining - "Grade is King" & "Quality over Quantity."

[chipperfrd] 10/10/2019 09:04

Loganair,

You cannot make broad generalisations about the profitability of UG mines, there are just too many different factors that come into play.

nature and depth of ore body; type of mining that can be deployed; location; cost of labour; amenity of ore to processing techniques, et al.

eg. contrasting the labour costs of mining in Australia or Canada or the vast depths of mining required in S.Africa to shallower ore bodies and cheaper locations elsewhere throws up significant economic differences.

In terms of an investment case each mine has to be rated according to the numbers. Grade is clearly very important but so are all the other governing factors as grade alone cannot guarantee a viable outcome.

Then there are the environmental and political factors that may impact the overall economic benefit. The cost and time required to clear permitting hurdles (ie USA/Philippines); levels of taxation and/or profit sharing agreements; political stability (Tanzania/NW Africa); the list goes on!

In the case of Altyn, they are yet to even begin to deliver on their original target of 100koz p.a. - so the jury is still out. But the numbers delivered by the 2014 Deloitte report did make an excellent economic case (at least I thought so!). What has been lacking is the financing to make it achievable.
Chip

[ppvn] 10/10/2019 07:52

Lol. Dianne abbot maths - you got me.

For my next trick I'm going to actually say the figures look pretty decent imo?

Call it a realistic 50k oz. If they can control their costs to around $800 AISC with the POG where it stands that's $35mm p.a. - Not too shabby?

Apologies for my complete ignorance of this share - I bought in about a week ago on some very, very preliminary calcs (I.e. resource base vs. Market cap) and am just getting up to speed.