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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Altyngold Plc | LSE:ALTN | London | Ordinary Share | GB00BMH19X50 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.50 | -0.43% | 116.00 | 112.00 | 120.00 | - | 1,300 | 16:35:18 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 62.04M | 13.23M | 0.4841 | 2.41 | 31.84M |
Date | Subject | Author | Discuss |
---|---|---|---|
16/10/2019 12:40 | Hi JC, I waded through all the daily trading reports for 2019 and recorded all the 'AT' volumes and prices. I then recorded all the significant (1m+) 'O' volumes and prices disregarding obvious rollovers, et al. It was sometimes difficult to clearly differentiate Ordinary buys and sells because of delayed reporting and so on. But frankly the relatively few occasions that this occurred is unlikely to change the end result by any significant degree. The numerous large blocks are clear to see and make up most of the trading imbalance. I would put my margin of error at c. +/- 1% for AT trades and, perhaps, c. +/- 5% for Ordinary trades. | chipperfrd | |
16/10/2019 12:14 | 0.35p to 0.6p with an overhang is still very impressive. | brasso3 | |
16/10/2019 12:03 | chipperfrd, Where are you getting those trading volumes from? Are the buys/sells reliable? I find it hard to believe that a market maker would go long to such an extent. That said, it is clear that there is indeed a significant overhang based on the preponderance of buys over sells recently combined with a static price (at best). If the overhang really is that big then it will take some time to clear even with positive production news. Perversely this is quite good news as it means that we are unlikely to see a spike which so often wrecks peoples portfolios! | jc2706 | |
16/10/2019 09:29 | Hi HBR,Thanks for the reminder of their production aspirations: I am interested in their detail activity Plans/timing to deliver these results - I tend to look under-the-bonnet and especially with these guys and their questionable track record......Cheers, tightfist | tightfist | |
16/10/2019 09:25 | Hi Chrisis,I have been taking a look back through RNS's relating to T-S (Kara) and located two which are very relevant:04/10/2013 RNS:Karasuyskoye Ore Fields Transaction Hambledon Mining plc (AIM: HMB), the gold mining and development company, announces today that it has entered into an agreement with Hydrogeology LLP, a Kazakh corporation active in exploration and geological research ("Hydrogeology"), to acquire certain historic geological information pertaining to the Karasuyskoye ore fields (the "Karasuyskoye Ore Fields") for a total consideration of US$27.5 million (the "Consideration") (the "Transaction").19/01 | tightfist | |
16/10/2019 08:41 | Where is the Seller? Gone? | goldfund | |
15/10/2019 22:28 | just noticed this comment amongst the RNS ... Altyn CEO Aidar Assaubayev commented: "Following the updated CPR on Sekisovskoye released last week we are pleased to announce the company's first CPR on Area # 2 of the Teren-Sai exploration and development project.The momentum from this initial step in Teren-Sai will be maintained as we intend to continue the exploration of the project, by analysing the 15 remaining targets of this significant project. " | chrisis33 | |
15/10/2019 21:23 | Hi Chip,Thanks - the overhang will eventually get mopped-up. I am actually a lot more interested in seeing THE PLAN! | tightfist | |
15/10/2019 21:17 | tightfist, No, I can only go by the trading record as I have posted up. | chipperfrd | |
15/10/2019 20:33 | Hi Chip,According to post #872, FactSet reported that on 10th September that DWS still had 141m shares.Can you make any sense of that versus trading patterns over the last 5 weeks?Cheers, tightfist | tightfist | |
15/10/2019 20:28 | While looking through the last AR I came across this commentary at the foot of P5/P6:"Test production was achieved with 500t of ore processed from TerenSai (one of the contract areas in Karasuskoye). A mine and beneficiation plant plans have been designed, and initial procedures drawn up to start resources exploitation in 2021- 2022. The initial capex requirements have been incorporated into the budget"Presumably this is easily accessible OP material and it is budgeted within "ore handling" within the high level budget just below? But the reason why remains.....Cheers, tightfist | tightfist | |
15/10/2019 20:17 | Hi Tightfist, According to the Altyn website, Goldman had 3.3% some time ago (c. 82.5M shares). Hence, the GS and DB holdings would account for c. 220M alone if they had dumped all their stock this year. The net balance of 'O' trades in April was c. -186m. In May it was c. -157M and in July it was -317M. The tide turned in August with net balance of 'O' trades at c. +37M, September was c. +54M and October is currently c. +49M. After taking account of the 'AT' trades through the order book the possible overhang could still be c. 249M shares. It would certainly explain the apparent iceberg which is keeping the share price at c. 0.6p. Chip | chipperfrd | |
15/10/2019 20:11 | Tightfist, maybe, although looking back through previous news they already had/have a plan to increase production to 60,000 and then 80,0000 tonnes per month from the underground mine so presumably they will stick to this as that's what they wanted the funding for. Happy to be corrected by any longer term holders that know better though.. | homebrewruss | |
15/10/2019 20:04 | Hi Chip,According to #872, DWS (suspected off-loader) had 141m shares then (about 19 days ago). Can you make any projections of the remaining overhang based on that extra info?Cheers, tightfist | tightfist | |
15/10/2019 19:52 | Hi All,I just wonder if they have some redundant dedicated OP equipment (from the exhausted Seki OP operation) and they were/are looking to deploy that on a new OP operation on T-S?Now they have the funding maybe we are in a different scenario? Or maybe an interim fast-start OP operation with existing equipment remains part of the plan?Intriguing! tightfist | tightfist | |
15/10/2019 18:43 | JC and Jerrypike, An alternative view is that their plant, although only running on part capacity, is better utilised for the increasing Seki UG ore as opposed to the fresh costs of initiating OP mining at the T-S Area#2 and transporting to the Seki mill. eg. Seki UG reserve grade is 3.61g/t against a (breakeven) cutoff of 1.5g/t. Simplistically, a target profit/t of 2.11g/t. T-S Area#2 OP reserve grade is 1.71g/t against the (breakeven) cutoff of 0.5g/t. Simplistically a target profit/t of 1.21g/t. Hence, better value/t from the UG ore than from the T-S OP site. Although clearly if the plant has spare capacity whilst the UG is running up there might well be an economic case for topping up the plant until the Seki UG reaches full capacity (850ktpa). Either way, Altyn will require far more processing capacity available going forward. The current plant had originally been planned to upgrade to 1Mtpa by year 4 of the Seki plan in order to reach an average 100koz Au pa. Ore from T-S will obviously require additional processing capacity of at least another 1.3Mtpa according to today's CPR. Re Seki OP: as far as I am aware there is no further near surface (ie open pittable) ore. Chip | chipperfrd | |
15/10/2019 17:23 | jerrypike, I couldn't agree more. Open pit mining would be an easy win considering that there is a huge amount of available capacity at the processing plant and as regards Teren-Sai I am with you on this. | jc2706 | |
15/10/2019 16:24 | Jc...I agree with your comments re Seki....Its purely a hunch of mine....Time will tell. My thoughts re open pit mining at Teren and possibly Seki are that if they werent successful with the bank finance they may have been able to start immediately at either of those places.....with a much lower required capex. | jerrypike | |
15/10/2019 14:53 | Agree the valuation of the ore in the ground here is just a sensational entry point. And this is just one of 15 areas. At this level there is real potential for this to multiply. | littlepuppi7 | |
15/10/2019 14:51 | jerrypike, I have had a look at the Sekisovskoye CPR again and confess that I don't see a lot there that would suggest that the open pit is to be revisited. The following suggests that all of the resources are below the current working area in the underground mine: "Measured and Indicated Resources are estimated from the current working depth of +250masl to a depth of -400masl using a cut-off grade of 1.5g/t. Inferred Mineral Resources have been estimated from -400masl to -800masl using a cut-off grade of 1.5g/t." I can't see anything on the website or other communications that would suggest a re-opening of open pit operations at Sekisovskoye. Indeed, the suggestion is that the open pit reserves have been exhausted. On that basis, I suspect that the focus for Sekisovskoye will remain underground with open pit operations starting at Teren-Sai. | jc2706 | |
15/10/2019 14:30 | This is not the CPR I was expecting and the company continues to surprise me! I had thought that we would get a large inferred resource with a considerably smaller M&I resource. Instead we get a detailed view of a small part of the ore body with a considerable amount of reserves! The company has flagged the potential for rapid development of open pit mining operations from a couple of areas in Teren-Sai and we now see from this CPR why they are so confident. I would look for early commencement of operations in this area for a 'quick win' to production as this has clearly been the focus whilst still presenting some evidence for the existence of a much larger ore body in the region. This is looking very promising indeed. It is clear from the market reaction that investors are not looking for more gold in the ground but rather evidence that this gold is being pulled out profitably. This is understandable given the chequered history. That said, I cannot think of any other producing gold company with anywhere near as low an enterprise valuation per resource oz (let alone reserve oz!) as ALTN. Get the production going in the right direction and I find it difficult that this won't be multiples of the current valuation. Of course, get it wrong and it is business as usual! | jc2706 | |
15/10/2019 11:57 | I’ve already done my bit for today..... | tightfist | |
15/10/2019 10:45 | Pretty obvious it's got a major overhang of sellers here. | leewink1 |
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