Altyngold Share Discussion Threads

[kaos3] 03/1/2020 07:02

middle east - iran commander dead

[sharekitchen1974] 03/1/2020 06:38

Gold flying at the moment, ALTYN must be making decent margins at current levels, oil also breaking to the upside it would seem

[brasso3] 03/1/2020 04:14

What is going on with gold!

If our BoD had their finger on the pulse they would issue an update tomorrow! Sadly we will just linger while other gold stocks go crazy! :(

[cl2201] 02/1/2020 23:34

It certainly is and it makes up one part of what I see as the 'perfect storm' here. Strong Gold price, turnaround in production (which started in July), development funds obtained, huge reserves (relative to MC) and a road map to 100k ounces per year, followed by 200k ounces per year.

[mikro1] 02/1/2020 23:20

The gold price is really helping here. If gold remains at these levels the next 6 months should be very profitable (for the company and for us)

[bmnsa] 02/1/2020 14:36

Yes I'm hanging on in here too,although I have been tempted to invest more in PTAL with my stake here transfered, but will see ALTYN through as I believe it will come good.
Reasoning with myself not to put all my eggs in the PTAL basket.

[jc2706] 02/1/2020 13:31

Indeed. If the market had faith in the management and believed in the production outlook the share price would be 10 times or more this level. The assets compare very favourably with many other UK listed gold miners.

[onedayrodders] 02/1/2020 13:11

Indeed chris ... I guess despite the funding sorted there is still a trust issue as you would expect the market cap versus fundamentals to be much much higher.

I guess thats the risk / reward play we are prepared to take

One piece of solid news and we should be off to the races.

[chrisdgb] 02/1/2020 06:58

So many patient holders out there, I hope we will be rewarded this year.....

[onedayrodders] 31/12/2019 17:58

I'll drink to that HG ... and happy new year all

Gutted I got caught out by Hargeaves Lansdowne and filled way too high on the day but if all falls into place my entry point will be eventually irrelevant.

ODR

[highly geared] 31/12/2019 13:37

A company with these gold reserves into what will be the greatest gold bull market in history in the next decade cannot stay at the current levels. It either delivers increased production and revenues or the assets get bought. What value c. 3.5 million oz reserves in a gold bull market? The CPR NPV’s are sat at c.$500 million now. That’s c. $15/oz in the ground value, negligible.

Patience here should deliver good multi bag rewards.

[excellance] 31/12/2019 09:30

nothing much happening here these days, maybe 2020 will offer greater visibility

[stockknobjockeyvanbookstino] 30/12/2019 08:38

This is not on AIM Brasso

[kaos3] 30/12/2019 07:36

I hope for the best

[brasso3] 30/12/2019 04:55

If you need any inspiration on what can happen on AIM in theses situations take a look at CNG over the last 2 years. ALTN could easily replicate that with a positive production update.

[wrighty46] 29/12/2019 13:54

Yes agree, just read through the H1 update to refresh my memory. We processed low grade ore 0.5g/t for 2 months while they prepared the higher grade ready for mining which was ready at start of H2. Plus throughput rose massively in july to 29000t so if that kind of throughput continued for the rest of H2 can we not expect mined ounces to at least double, probably more and aisc to drop dramatically? Obviously the company continually have plant and equipment problems but if the cash injection reduces these significantly then H2 could be transformational. We await an update to see if the path is becoming clearer. The cash hopefully being generated will accelerate production quickly. Looking forward to news and hope the company dont make us wait until April. We shall see. GLA

[brasso3] 29/12/2019 06:43

The bank and the bond holders know whats coming. The share holders will find out soon enough. Whilst this is disappointing for us and not the way things should work with a listed company the signs are all there.

[mikro1] 29/12/2019 06:39

True, and the higher gold price has enabled them to raise the debt which should enable them to ramp up production and thereby drastically lower the AISC. So even if the gold price falls back to 1100-1200 the company should be able to prosper

[brasso3] 28/12/2019 23:54

They obvious were not prepared to push this forward when gold was at $1150 - $1250 / oz. Now with gold breaking out the economics have completely changed. Looking forward to a strategy update early 2020.

[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