Altyngold Share Discussion Threads

[researchcentre123] 01/7/2024 08:30

That's true, not so difficult. I think they'll pay dividends eventually but no 1 priority is building the business - I'd be surprised seeing dividends this year, but they were in favour of dividends.

[tim000] 01/7/2024 08:30

Spike, it was mentioned and I did discuss it. Rc’s point is correct of course, although I guess the deficit on the balance sheet will be wiped out this year. The family would value dividends as a means of extricating capital out of Kazakhstan, for use overseas. But the short-term priority is recycling profits into the mines. Maybe dividends might start in 2026, following publication of the 2025 AR??

[spike501] 01/7/2024 08:26

Sure they would need a capital restructure, thats not so difficult

[researchcentre123] 01/7/2024 08:21

They still have losses from the past which precludes dividends for now, unless they restructure.

[spike501] 01/7/2024 08:16

Very impressive news, substantially increases flexibility and financing firepower, as others have said it would be good to know what plans they have to deploy the additional financing.

Given current gold prices, the soon to be increased production and the access to finance they have, they could easily look to pay a dividend from the end of the 2024 financial year, 10p per share would just cost £2.7million which doesn't substantially impact their ability to finance growth and would likely further support the share price

Tim I don't recall any of your posts from the AGM mentioned a dividend - was there any discussion (apologies if I missed that)?

[excellance] 01/7/2024 08:14

Could that be on purpose, to limit exposure to the retail mug punters and keep an orderly market given uber tight liquidity?

[trader465] 01/7/2024 08:06

They need to sort the problem with no RNS coverage on ADVFN

[tim000] 01/7/2024 08:02

I wouldn’t expect so. We’ll see.

[excellance] 01/7/2024 08:00

Could today's announcement trigger a rerating?

[excellance] 01/7/2024 07:57

And the banks must be 100% confident of yield payment to agree to sell these bonds, tho no specified yield given yet. I presume that also will be decided on the date of issue/sale.

[tim000] 01/7/2024 07:50

Mkt cap should follow profits of course.

[excellance] 01/7/2024 07:49

I presume the yield will be decided at the time of issue.

[excellance] 01/7/2024 07:48

...but the bond sales are leveraging profits not mkt cap.

[excellance] 01/7/2024 07:47

To put this into perspective, after DD the banks have agreed to sell $100m bonds sale for a company with a $50m mkt cap.

[tim000] 01/7/2024 07:46

And of course cashflow from operations! If draw downs are going to be based on profitability, I assume the publication of the latter will precede the former.

[mold breaker] 01/7/2024 07:44

For this amount of wonga bonds are probably better route than traditional bank loan.

[excellance] 01/7/2024 07:42

This does not say that they've actually sold any bonds at this point, just that they have arranged the facility to do so.

Past history tells us that bonds are just one of three tools ALTN like to use, the others being mostly unsecured loans and to a much smaller extent the issue of shares - they issued some shares to Renaissance capital as payment for services, and Ren still hold.

[excellance] 01/7/2024 07:36

In order to maintain funding flexibility and take advantage of attractive domestic financing conditions, AltynGold is pleased to announce the listing of a bond program on the Astana International Exchange for up to a $100m to be issued in tranches.

The Board intends to maintain leverage within acceptable norms taking into account growth in forward profitability following the expansion of Seki’s processing plant.

[louie2010] 01/7/2024 07:36

AltynGold Plc("AltynGold" or the "Company")AIX Bond ProgrammeIn order to maintain funding flexibility and take advantage of attractive domestic financing conditions, AltynGold is pleased to announce the listing of a bond program on the Astana International Exchange for up to a $100m to be issued in tranches.The Board intends to maintain leverage within acceptable norms taking into account growth in forward profitability following the expansion of Seki's processing plant.

[dofmeister] 01/7/2024 07:34

As you previously suggested, a comprehensive update may be given with Q2 results.

[tim000] 01/7/2024 07:29

Their existing bond programme on the AIX has no doubt established a great deal of credibility so that they can expand the issue. It will be interesting to see when they start to initiate the programme, possibly when their interims are published? Hopefully the use of the funds (at TS) will be elaborated on when there is an ops update.

[tim000] 01/7/2024 07:21

Well spotted, the lack of publication on ADVFN etc is a pain.