Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Not an awful lot in the report that we didn’t know already but the all in cash cost of production at less than $800 per Oz is impressive.
Wait and see !
Spike, I seem to remember not too long ago (current management) 'suggested' that 15% of profits could be returned to shareholders in dividends. Unfortunately the chances of that are a big fat zero. Too much financing to pay interest on, too many places to spend any dollar profits, too many processing plants to build.....was that a Jason Donovan song??!!
I wouldn’t be expecting any dividends for many years - it’s clear that any operational free cash flow is required for CAPEX.
A dividend would help for a start , Reward for us long suffering shareholders . That would also attract investors as well, mind you that s if you can buy them !
It's hard to think of what news could move the SP northwrds...perhaps they could say they have struck a rich vein of Bitcoins!!
Things seem to be getting better and better here. Production increasing quarter on quarter and development at Teren sai. Just need the SP to start increasing now! Got to happen at some time with last quarters revenue almost half of our m/cap. ATB
That is the problem when you keep making false predictions it comes back and bites ! Bunch of Cowboys or Clowns !
Rising revenue, presumably rising profits, exploratory potential at Teren-sai but falling share price.
Market doesn't believe or see the potential at Altyn. Probably the message from the company is unclear at the moment. Even their own analysis - promoted by them - seems to have put a cap on production for next few years.
Global sell off effects most stocks but this one gets double kicking as usual ? Down grade the dogs
Not sure much to complain about ? 11 years of downward share price . 11 years of poor share holder coms . 11 years of missed targets . 11 years of mis leading clown directors ! . I am very unhappy with the progress and i am not convinced the market will wake up either . The market does not wake up to anything spike its only wakes up to money and rips off anyone it can who gets sucked in . that is us and the clowns have created this .
Not sure there is much to complain about the board for at the moment. They are executing successfully, I’m very happy with the progress and I’m convinced the market will wake up to this shortly.
Gold stocks and juniors in general seem to be struggling more than justified give the gold price remains elevated.
Toss a coin Heads or tails better of going to the bookies !
This is Altyn it always go down when they release updates get used to it had 11 years of down ward trajectory now . Clown board of directors ,rudderless this one , ride the waves of down ! buy on the downs and come back 1 years later and buy another down , soon be back in the pennies and clown directors will sell off some more shares to fund their lazy life style this has happens each time . G.L.A . You will need it !
disappointing reaction to a decent RNS
Grade is king.
Q2 production update/results are earlier than 'normal', almost 3 weeks. Last year they were 10th August.
Excellent figures showing stability in mining and milling and substantially higher levels than previously and a very significant quarterly jump in grade.
Turnaround in progress now. Atb
The research paper released took then upwards momentum out of the SP and probably unsurprising given the unambitious targets to basically stand still on production from 21-23 at less than 30koz per year, when I think there were not unreasonable expectations given previous communication that up to 45koz in a year was achievable in that period. The fall in gold price on top of that then dragged it down further.
However, gold again seems to have bottomed out and stabilised around $1780 (and back above $1800 currently) and even on production of 26koz in a year at this gold price, this remains too cheap at this price. I'm hoping the research report was also on the conservative side for the next couple of years and they can exit 2021 with a run rate in excess of 30koz and push towards 40koz+ before 2024.
The recent fall in the share price is obviously disappointing but I think many on here are in for the long term. I've done my research, or as much as I practically can and believe the long term fundamentals of Altyn are very strong. It's obviously not without risks, but on balance the company should perform very strongly over the coming years and with that outlook should generate very good returns for all those invested. But trading volumes are thin and news flow remains light meaning small sales will bring the price lower. May also mean short term there are better trading opportunities out there. But I have a suspicion it won't take much for this to bounce right back up again. Any thoughts welcome.
2 more big drops coming ? where is the bottom 75p .
On our way to pennies again ? G,L,A,
Current ALTYN AISC $1056, gold at $1775. Go figure
Sekisovskoye underground mine
Plant and equipment
There was a significant investment in plant and
machinery during 2020 and to date in 2021, these
are summarised below:
? Front-end loader ZL 50G
? Dump truck 25t Chaicman
? Material handling trucks CAT R1300 - 3 units
? Underground haulers CAT AD30 - 3 units
? Face drilling rig Atlas Copco T1D
? Ring drilling rig Atlas Copco T1D
? Exploration drilling rig Atlas Copco Diamec U4
? Boomer T1D drilling rig with a capacity of
400m/month
? Boomer T1D long-hole production drill
? Diamec U4 Smart exploration drill rig
? JSB Crawler with a capacity of 1.8cu.m