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Not really its a risk like all shares and its upto each own person on how much they can afford to lose or not and a little bit of luck as no one knows what is going to happen in resources but its going to be worth a punt if you want high rewards then thats what you get but you could get high losses as well so GLA
SOLG been a dreamers share for years no disrespect to holders
HAD A CHANCE TO GET THIS AT AT APPROX 1 POUND A SHARE IN APRIL live and learn
Nice updated, if somewhat random, but all adds to the momentum here.
Now they need to release the financial results, on time and ideally not at 5pm on the 30th April and hopefully the financial results don't contain any unexpected surprises.
At 50k oz production with current gold price, without the geopolitical and concentrated ownership risk, you could easily make an argument that £10 per share for a market cap of £270million is not undemanding. Do the geopolitical and ownership risk warrant an 85% discount? Not in my book, this could move very quickly if they can keep progressing operational, maintain decent communication and not have any nasty surprises in the financial statements.
For ALTN, the last few weeks releases equate to positively verbose communication!
The company is ludicrously undervalued, probably due to a combination of geography, ownership structure, slow progress and lack of communication. Not much to be done about the first two but if they address the last two, this will have good reason to rerate.
To me this is the gold miner that has the most potential on the LSE in a gold bull market. Today's release gives some suggestion that they may actually realise at least some of that potential.
Lostinthedark1 - good timing with ALTN releasing very positive update with detail today:
https://www.londonstockexchange.com/news-article/ALTN/update-on-expansion-of-processing-plant/16425717
ALTN is significantly undervalued purely on its current annualized gold production of 38k oz (Q4 2023 9,600 oz poured), let alone processing 1mt ore processed p.a., which dependent on grade (2.2 - 3 g/t) and recovery (82%), would be looking at range of 58 - 79k oz p.a.
You then of course have separate Teren-sai open pit potential and long-term goal of Sekisovskoye 2mt ore processing p.a. After few quarters / year at 1mt, I wonder though if ALTN would look to instigate a dividend as prior presentations alluded to? A 10% dividend at these levels would only cost £3m. At 58-79k oz, AISC $1,000 - 1,300 (economies of scale will mitigate the inflation experienced in last couple of years) and gold price of $2,300, you could have Net Free cashflow of USD 58 - 103m (excl Capex, Tax, Interest payments etc.).
Thanks Buster and I had a quick look at SOLG. But whilst it may be a more liquid share it's also at a much earlier stage of its development than Altyn with continued losses and shareholder dilution (as per last years accounts). It has taken Altyn a long time to get to this stage and it's not moving as quickly as most of us would like. But Altyn has been consistently profitable for a few years with retained losses being repaid on the balance sheet and the prospect of dividends in a couple of years. P/E is very undemanding so overall I think this is a lot less risky proposition with a very good potential upside. But usual DYOR etc applies.
Your be better of splitting with SOLG very good prospects and can be day traded .
At £31m market cap, the 1.5m oz at Teren Sai is worth that alone valued at c $25 per oz in the ground......
Been holding these for 3-4 years and may finally get back to breakeven unless gold has topped out at 2430. A really low free float and moves fast with any decent buying but always doubted any serious players would risk their capital given the geography and company structure. Chart looks good though. GLA
Well this years ISA fully loaded with Altyn. All the fundamentals look solid so hopefully no surprises in the full year numbers and some decent production numbers for Q1 and I can finally enjoy all my gains tax free! Well good to start with a plan.
Some news worth reading .
Teren-Sai subsoil exploration area contract extension
AltynGold is pleased to announce that following the approval of its work program, Teren-sai subsoil exploration contract has been granted an additional two-year term in order to conduct further exploration and testing. The addendum to the main contract will allow the Company to perform exploration works to March 2026.
Since the award of the initial exploration contract in 2016, AltynGold conducted a Competent Persons Report (CPR) in 2019, which estimated 1.48moz total mineral resources in area No 2. Subsequent detailed drilling confirmed prior results and further defined the ore bodies. As part of this process, the original exploration area was narrowed to targeted zones and non-required area returned. Further details of the CPR are available on pages 17-20 of the 2022 Annual Report available from the investors section at www.altyngold.uk.
A work program is being currently executed on area No 2 with the aim of commencing open-pit production as soon as sufficient data has been gathered from further exploration activities.
Further Information:
For further information please contact:
AltynGold Plc
Rajinder Basra
+44 (0) 203 432 3198
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.
Information on the Company
AltynGold Plc (LSE:ALTN) is an exploration and development company, which is listed on the Main Market segment of the London Stock Exchange.
To read more about AltynGold Plc please visit our website www.altyngold.uk
View source version on businesswire.com: https://www.businesswire.com/news/home/20240411552343/en/
Contacts
AltynGold Plc
Altyn has a golden cross lets hope it sticks ?
This guy ramps on another board and is a flea on a good day .
Spike - i agree this is a gamble because Assaubayevs own 70% ... but they have obviously been given some dispensation to hold that much without making a takeover bid ... and it doesn't seem as though they're trying to screw us small PIs.
From past calculations I think their av purchase price is around 250p so they have a vested interest to get the price back up to that level ... which I think is much closer to fair value. When 2023 results do get published it will be apparent that the past 3 years NET profits are equal to twice the current mkt cap ... and the future output is increasing and gold price rising.
Just need some Sunday paper to recommend ALTYN and a few dozen punters to look to buy 10k shares and the price would rise rapidly
Why have they not released an RNS about what, Buster?
"Why have they not released RNS as its on company board ? You think they want anyone to know or potential infestors to invest here , It don,t make sense sometimes ."
Which RNS do you want them to release, I don't quite understand that?
In general though this is one of the reasons the valuation is so low. They hold around 70% of the equity so can pretty much do what they want with the company. They are also the ones to stand most from the gain in equity. So the fact that they seem to care very little about the value of the equity does raise a flag here, that the listing and equity price is not particularly important to the owners and so someday simply decide to delist it, or make a poor offer for the part they don't own, which they can then effectively force through.
Which makes this a gamble
Why have they not released RNS as its on company board ? You think they want anyone to know or potential infestors to invest here , It don,t make sense sometimes .
Gold up $150 over the past week and a half. At run rate production for around 40,000oz per year, the increase in gold drives pre-tax income up $6million, call it £5million. You could justify the entire market capitalisation here just by the increase in gold price in the last 2 weeks.
Based on the numbers, H2 should have produced a lot more PBT compared to H1.
So cash shouldn’t be a problem apart from unforeseen/unexpected capex.
Gold poured H1 14.5koz v H2 18.6Koz.
Looking forward to the seeing the financial detail,
Major mine expansion or start up and the lead up to commissioning is the high risk period when the possibility of disruption and the necessity for additional funds to complete the job properly or service
the original loans are highest. Whether it happens here, depends on how well the mine is managed and how realistic and achievable the capital budgets have been . Whether your ATYM or VAST it makes no difference. The share price will fall and drift until the mine has been proven to operate successfully at the new level . And that may take a couple of quarters of production . Not withstanding any other news unrelated to the expansion I'd expect the share to drift and fall until the situation becomes clear either way . The delay to Q3 wasn't a good start so plenty to ponder.
There was an RNS - Altyn release news update via Businesswire and somehow LSE hasn’t synced it properly
No RNS release , Just leaked instead another delayed Update , Jam tomorrow ? another 10 years time , or sold off to clowns of directors ! Why is anyone going to buy when always feeble excuses ?
Record ore mined in H2, record gold sales in ounces and value in Q4, strong grades in Q4, $36million revenue in H2, around 40% increase on H1.
There was so much that could have been made of those numbers, however undone just by dropping in at the last minute a delay with no explanation whatsoever. Its not even that much of a delay, on a substantial infrastructure project in the current environment 3-5 months delay is not much and overall execution over the last 2-3 years has been pretty good, but they could make a bit more effort.
Which just raises the concern if the majority shareholders don't care much about the share price, what is the point of the listing - and as they could effectively take it back at any time, its unsurprising volume and interest here is thin