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Mr Baldie strikes again !
Hard to see this going any lower. Is it my imagination but didn't they pay +£20m for the rights to Teren-Sai over 10 years ago?
The management have done some good things. But increasing the value of the company isn't one of them.
I'm still a holder - share price has been dismal but company is doing mostly the right things. It'll come right, is my wager. I've got a small fortune riding on it :o
Hey Baldie , Cup and handle formation this is something for you to Ramp about looking bullish or bull ****e ?
Baldie should be back out of the woodwork soon as share price gone up a tad . Hey Baldie tell us some good news ! I TELL YOU NOW ITS GOING UP BECAUSE ANOTHER LOT OF SPOOF IS COMING SOON !
They've shovelled all free cashflow out for "advance payments" to contractors so have hardly any cash on the balance sheet - they have bonds expiring in 3 months time, which they are supposed to be refinancing with an expanded bank facility, but given the reduction in gold price in recent months, I can imagine its still being reviewed.
DOWN AND DOWN AS USUAL ! Baldie where are you , we need some positive news and ramping .
Baldie only appears when share price go ups ? which is like a full moon these days !
and Mr Baldie in another ramper from B.O.D. FOR WHO WE KNOW !
It seems no ones buying even though baldies prediction of good results due ?
share price is stuck in usual downwards trend . The Market is a place of Lies irony and Contradiction from which Mr Baldie you will find out with yours fingers burnt .
Let me see who s buying last few weeks and nobody and why is this ? because trust and lies from B.O.D .
A gem my arse !
A dog share iis what this is to become a gem it needs to get out of the continued downtrend that has dogged this share for 14 years or more ?
the market is a forward thinking mechanism so stop bull ****e ing as someone could lose a lot of dosh on this pile of poo !
AMO1, welcome aboard.
Put the money to use to leverage production but also keep account of where the money is going....try to avoid large amounts being handed out in brown envelopes. Far better to wire the money to a swiss bank account in their dogs name!!!
Got to keep the auditor happy.
Except they are now prepaying for some mining capex that will not be utilised for >12 months hence accounted for as non-current prepayments. That is a change from year end.
They clearly do not want cash sat idle now that they have become cash generative. Having fingers in a lot of pies, I guess this is why the auditors got twitchy with regards to whether these funds were being moved across other family entities/Related parties.
Not saying it is a bad thing if indeed securing more competitive deals but it does leave us low on cash in the bank given debt repayment schedule for H2.
My recollection is that prepayments are made to give cash flow to their suppliers, who are mining quite cheaply. I don't have a problem with this as long as they document it properly, which they've said they will.
So basically they are still shovelling excess cash out as pre-payments.
Baldie you need to contact the board of clowns as no one answers you here ?
Hey Baldie seems you know all the answers ? Why is our share price still going down ? Will we ever see some upward movement .
Baldie you should be used to this by now , Year on year every year , I ve had this for 14 years so get used to it !
Any guess when the report will be available?
Hopefully it will contain lots of positive information. Management need to show that they have a plan and that they are implementing it. Current SP suggests nobody knows what they are doing.
Depends on what box you want to go in Baldie .
I find your like the wind always changing directions !
I don t mean out of your arse either ?
Lets hope your right for once you do talk some sense and hopefully things will do what they suppose to do .
Last week I was a de-ramper, today I'm a ramper. I wonder what I will be tomorrow!!
Makes me laugh that people want to put you into boxes....I must be doing something right.
Just joking m8, you are going to make a bundle...trust me, I am never wrong.
Baldie your prediction is not going to plan at moment maybe you need to follow the trend or the trend is your friend in this case Down as usual !
We need some share dust now as dire price again , baldie you are a ramper maybe a altyn director[one of the clowns ] I think bull****ting us investors in giving awat our cash again !
$25m full year profit plus the $40m loan would give them $65m to invest in leveraging the business up to the next level. If the price of gold remains high then Altyngold is going to be seriously undervalued & analysts will start to take them seriously.
Think you are a bit optimistic there - full year revenue last year was $50million and profit was $18million, so there is no way they have produced $20million in $32million in the first half. There will be some economies of scale but I'd be looking at $65million of revenues full year with $25-30million profit