Altyngold Share Discussion Threads

[trader465] 26/1/2024 07:56

Q4 was reported in March last year, so I’d expected we’ll see it in March this year

[excellance] 26/1/2024 07:28

I expect Q4 to be much the same as Q3, but no worse.

2024 is the year we should see big improvement.

[stevea171] 25/1/2024 10:54

Hello. Wakey, wakey. Is there anyone there at ALTN central .... ?!!!

Most gold miners have reported Q4/23 production results by now but as usual not here.
They need a bomb putting under them as they know they can't be sacked for non communication with shareholders.

[porridgeoats] 23/1/2024 17:49

It is frustrating. Once again the very delayed extension of permits for Teren-sai was not announced in the fourth quarter. At the AGM disappointed was expressed at the share price performance, and a wish to improve this. Still the presentation on the website is more than two years old, and news flow is almost non existent. I may be deluded, but I'm expecting fourth quarter 2023 revenues of around $20 million, and 2024 production around target of 57,000 Oz. This will only increase for the next 10 and probably 20 years or more. Amazing value if it happens, which is why despite a few concerns I've been accumulating.

[chrisdgb] 23/1/2024 13:19

So frustrating...........

[excellance] 10/1/2024 20:54

Spread is an indication of liquidity and risk. Narrow spread means there's a market and the mm isn't too concerned about taking stock and making a market, ie doing their job.

[nevgroom] 10/1/2024 12:10

Just as the Bid went from 111 to 112, I had put in a speculative order at a 112 limit. Just a small order of around £2k but they decided it was worth snuffing out....

[bsg] 10/1/2024 11:30

Some ones trying to drum up a bit of interest with the narrow spread, but no takers. 112 - 113.

[golden prospect] 04/1/2024 19:06

Looks like history to repeat with re-rate, but should be much stronger than 2023 especially given 1 year on and 2024 projections indicate $120m+ revenue
(60Koz/yr and selling above $2,000/oz)

Growth plan well executed with rising selling price, doesn't get much better

[mikro1] 03/1/2024 20:22

I like ALTN. As for SRB I don’t like the fact that several workers have died there over the past few years.. mining gold isn’t worth people’s lives

[stevea171] 03/1/2024 18:06

Hi Tightfist. Hope you are well.
Serabi and Altyn you recommended to me many years ago when we were both LT holders of Medusa (what a dog that became and now a disaster!) attending a Proactive Mayfair presentation. I took a look at both, invested here but never Serabi until recently. On reflection, maybe I got ALTN wrong and SRB right!

But now as you say Serabi is turning a corner and seems ready to shine! Real progress over the past 5 months with the share price just beginning to catch up ....

[tightfist] 03/1/2024 15:17

O/T: Hi, IMO worth updating on what's happened over at SRB over the last five months. Plenty of positive developments, finally turning the corner?!

[trader465] 03/1/2024 13:34

SRB is my largest gold miner position….

Cash held at 30 September 2023 of US$15.4 million

[pensionplanner] 03/1/2024 13:30

excellence



Although its termed gross national debt, I don't believe it included unfunded liabilities but I must admit I've not checked it thoroughly.

[goldrush] 03/1/2024 13:30

stevea171

I know Serabi and know of them of old....I prefer Kaz to Bra and let's see if ALTN deliver...Serabi could come good....

[stevea171] 03/1/2024 13:12

Goldrush.
>>> "cannot see any goldies that offer as good a value as ALTN at this moment IMHO"

Try gold miner Serabi (SRB) at only £37 million mkt cap.
More liquid than ALTN.
Sp 49.5p. +5.8% today.
Short term TP is 100p. Should multi bag from here.

It is long established like ALTN but in NE Brazil. It's fortunes have turned around recently, particularly in the last 3 months when 9 significant RNS's have been issued. So good communication. (How many RNS's have ALTN issued in the last 3 months, 6 or 12 months?!)
Production is set to double, net cash of $9 million and there is massive exploration upside.

There's a recent JV with Brazilian Major, Vale, over extensive Serabi licences for copper exploration 100% funded by Vale with new gold discoveries 100% to Serabi.

Serabi Gold Corporate Presentation Nov 2023:

[goldrush] 03/1/2024 12:38

Researchcentre1232 Jan '24 - 16:06 - 10684 of 10687

I don't think they'll be doing badly. Overhead should be down anyway as the spending on a university library was a one off, dictated by the govt and part of the overhead I think was surveys etc. Given current gold price, I think margins will be extremely healthy. Of course there's new equipment etc so some depreciation and interest to pay, and I imagine they're just getting going, but overall seems pretty good.

RC1232 That's my thinking as well....and I decided to round up my holdings by 6,000 this morning @112.5p....cannot see any goldies that offer as good a value as ALTN at this moment IMHO

[excellance] 03/1/2024 12:18

PP
is that all debt or is it unfunded liabilities too, ie pension payments etc..?

[chrisdgb] 03/1/2024 11:36

We need to break 120p to get a real breakout........

[pensionplanner] 03/1/2024 09:49

Addition to recent comments on US debt

As of Dec 29, 2023, total US debt as of the end of the year was a record $34,001,493,655,565.48

Fiat

[researchcentre123] 02/1/2024 16:06

I don't think they'll be doing badly. Overhead should be down anyway as the spending on a university library was a one off, dictated by the govt and part of the overhead I think was surveys etc. Given current gold price, I think margins will be extremely healthy. Of course there's new equipment etc so some depreciation and interest to pay, and I imagine they're just getting going, but overall seems pretty good.

[excellance] 02/1/2024 12:48

Because we don't know what the current margin is, maybe?

[trader465] 02/1/2024 12:41

Why ain’t this dog moving up with gold near all time highs 🤷‍a94;️

[excellance] 30/12/2023 11:50

As we end the calendar year our market cap is under £30m with the price of gold at $2065, production increasing as phase 2 nears completion, and of course the Ukraine conflict is still grinding on.

Inflation may have peaked, unemployment is rising, and recession is setting in, at least in the UK.

The scene is set for higher gold prices, and ALTN should see the fruits of recent efforts by the summer of 2024.

Beyond that there's phase 3 Seki to consider, and a decision on TS open pit which can't be far off if it's ever going to happen.

2024 should be a good year for holders here, but there is still risk.

Worst case risks are that Seki phase 3 doesn't happen, Seki phase 2 does not improve margins, TS doesn't go ahead, the price of gold collapses, and the war spills over into Kazakhstan.

Best case is that the plan works, phase 2 improves margins and FCF, the price of gold remains at current levels or rises, phase 3 gets the green light, and TS gets approval, and the war in Ukraine does not impact Kazakhstan at all.

My biggest concern is how they intend to fund phase 3 and TS if those go ahead.

[excellance] 27/12/2023 23:41

Yeah GDP is a very vague measure, more just an indication of where economies are going month to month.

The best way to grow economies are to increase birth rates and increase immigration, so not a great measure of tangible performance.