Altyngold Share Discussion Threads

[mikro1] 28/12/2019 23:51

The clearest sign that they were not going to take it private was that they converted their $10 million debt into equity a year or so ago

[tightfist] 28/12/2019 23:07

What ownership limitations did the AIX 9% 2022 Bond Prospectus imply - explicitly or implicitly? Or would that be re-negotiable with the Bondholders!

[stockknobjockeyvanbookstino] 28/12/2019 20:05

Kaos3, that risk is clearly priced in,,,,they could have taken it private a long time ago in the knowledge of the potential..... Take your choice.....

[red army] 28/12/2019 12:43

Nice wedge pattern still in play with above .65p would start to break out.

[stonefold] 27/12/2019 14:03

Years ago when that story came out I found it difficult to believe from either side.

Although you could fabricate some sales invoices and slap a bit of tipex on the annual accounts, what you could not alter were the Government registers of Royalty and VAT receipts and the state refinery's purchase register.
There are many other records such as bank statements and various staff and contractors who would know.
With that information the actual turnover could be determined fairly quickly.
Such a plan to deceive would therefore quickly fail, and no one in their right mind would attempt it.

Similarly a false allegation by the buying party could also be disproved.

They reached an out of court settlement, nothing more was said and they went on their merry ways.

In general Russia is viewed as more corrupt than Kazakhstan.



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Gold miners lifting a bit now that the Gold price is back above $1,500

[kaos3] 26/12/2019 04:37

it is not just kemin.

"he Assaubayev family, Polyus and KazakhGold have agreed to a settlement of all claims made and litigation brought against the Assaubayev family, and its interests."

[wrighty46] 24/12/2019 19:21

Do you honestly know what has happened since july? Probably not. Next year is probably the most pivotal in the company's history. Onwards and over 2p will be printed imo next year. GLA and merry Christmas.

[jc2706] 24/12/2019 19:03

Generally speaking you hedge against the gold price falling not if you are confident it will stay strong. I doubt that ALTN are confident enough in their production profile to hedge much.

[highly geared] 24/12/2019 10:16

The assets here are too good not to monetise in some shape or form. Most minor/mid tier would die for the reserves here. With gold @c. $1500 and set to stay here, now’s the time...

[tightfist] 24/12/2019 09:30

An interesting thought - now they finally have considerable debt to service maybe we will see more financially risk-averse behaviour.....although gold-producing operations are maybe not yet that stable either!

[stonefold] 24/12/2019 08:30

Another gold producer RSG adds to Hedge which confirms expected firm gold price for 2020.

Previously forward sold gold with average price of US$1,494 per ounce for delivery up to June 2020.

Now added forward selling average price of US$1,501 per ounce for deliveries between July 2020 and December 2020.

ALTN could do a bit of the same.

[mikro1] 23/12/2019 23:48

Gold above 1400 for 6 months now. Can’t wait for the next rns

[mikro1] 21/12/2019 21:19

I’m pleased to hear they have the funding they need for phase 1. In my view assuming they stay on track and the gold price doesn’t collapse this should move to 2 p in the next 6 months

[jc2706] 20/12/2019 17:04

Damn! Makes my post look baffling!

[jc2706] 20/12/2019 15:39

"nobody won't remember him". A double negative. So you mean that everybody will remember him. :-)

[excellance] 20/12/2019 14:58

another 6 to 8 weeks to load up in my opinion, possibly less, probably no longer than that tho...we should get some kind of production report some time in January which should show significantly higher production and maybe a plan for what they hope to spend all the raised cash on.

[excellance] 20/12/2019 14:55

there is a reason why the company haven't bothered doing the rounds with presentations or paid for a broker note, and that is that they see no point because they don't intend to approach the capital markets for funding so no need to try to raise the share price by promoting the company story. They appear to be focused on raising cash using loans or bond sales, both of which require due diligence, so astute investors can read into that whatever they like.

i don't know what the future holdings report will look like, if the directors will reduce their powerful holding later on, or place shares at a future date, or even sell the business, but for now i think all is well and we can move out of this uncertain period of low production, marginal profitability and cash raising, and we can look towards increased production, investment of all profits, and steady development over several years.

Why is the share price stuck at 0.50p with a silly spread?
well, mt opinion is that we still have a fire sale situation with some banks and investment funds, and they are selling for almost any price, and we have arrived here a little early, but i expect the fire sale to end soon, and when it does maybe the company will begin to rebuild shareholder confidence by doing a presentation or two. I think they are preparing for that by the creation of a new website, but we could be waiting another 6 or 8 weeks for substantive news.

what of littlepup7?

well, he may well have meant well, but i think he was merely a pump and dump merchant, and hes probably long gone now onto his next scam. Shame really, he caused a bit of resentment towards this company with his ramping, but in the end he's just a small player so in the long run nobody will remember him.

[chipperfrd] 20/12/2019 14:02

Cheers Troc - had not noticed. Made me laugh as well!

[troc1958] 20/12/2019 13:59

Chip ...did it fly out of the window? (Moth) ... sorry, had to laugh

[chipperfrd] 20/12/2019 13:52

The latest CPR also makes repeated references to a Feasibility Study that was apparently completed 18 moths ago and in which the new targets were outlined - none of which has been reported/notified to UK shareholders!!

[roguetreader] 20/12/2019 13:43

Yep, still waiting for the improved comms to shareholders!

[chipperfrd] 20/12/2019 13:41

The 100koz pa target from 1Mtpa is their original from the 2014 CPR.

The latest CPR (2019) indicates a 6-year climb up to 2Mtpa but with a lower average head grade (3.47g/t) so that is c. 180-190koz pa of gold production.

Neither of these CPRs are available from their web site and neither are the latest target production levels!!
Chip

[wrighty46] 20/12/2019 13:01

Waiting for Deutsch bank to collapse which is less than 12 months away imo.