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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
Well progress of a sort. But always seems to be jam tomorrow!
Hopefully before Xmas would be nice , Anything is possible with these lot of clowns .
Q4 update was 15th March last year. Don't expect regular communication on this, but I suggest hanging around for the time when all goldies are in strong demand.
I’m hoping they are waiting with the Q4 update until the commissioning of the expanded processing capacity which is expected on Q1 so they announce both together
This company will do everything APART FROM the basics of PR. The share price is basically trading at a fraction of its value as the management refuse to make the effort to give regular updates in a timely fashion, get reports out on time. So let's see what comes along - just don't expect them to let you know any good news other than when they absolutely have to. Impatience doesn't work with this share
no one/the market has any interest in this company. it's all down to the directors and lack of communication.
the company can increase production, increase profits but still no one will care. until the ******ed management do what is expected of any listed lse company which is to communicate with shareholders and the market instead of hiding away for 364 days in the year in kazakhstan. a minimum requirement for pr would be:
regular updates
quarterly production results delivered within a month of the quarter end with more than a few lines of text of activities
presentations to institutions and analysts in london
visibility of the ceo answering questions via proactive or other interviews
slide presentations for interim/fy results with active on line shareholder participation eg investor meet company.
agm participation made available on line.
it's very apparent that this management ie assaubeyevs don't have the will or the skills to perform as required. they should bring in someone with good english and russian in a position of authority eg general manager who can provide this interface and isn't a shrinking violet.
otherwise they are just talking to themselves and running a business for themselves that has little market value as has been the case for many years now since they came on board.
Our share price is looking a little weaker every day, and no news for months.
The price of gold is firm but not really pushing higher.
Can't help thinking that all isn't as it should be with ALTN.
We need news and a [clown] chairman's statement to clear the air and calm the nerves.
AS you can see tanking share price due to lack of news .
The sooner these clowns release figures the better . Fed up with delays and false statements going on for 17 years now !
Dofmeister, that would be very nice, and would possibly even tempt the Assaubayev family to relinquish control, but I won't be holding my breathe ! Instead I'll just continue to wait for the 2023 FY results : 60m revenue ; 15m (ish) profit. We will then have generated $45m net profit off of $170m revenue in a highly consistent manner over the past 3 yrs. Surely those sort of figures will make somebody recognise that this company is worth more than £27m. But you have to go all the way back to Aug 2020 to see a share price above £2 equiv !
Polymetal scheduled to sell Russian assets by end Q1 24. Then they can acquire ALTN for £10 per share, increase reserves by 5m oz , cost of £55 per oz in ground (suspect this has been enlarged) and regain main listing. Simples.....
I hope so R.T.B.
If share price goes sky high we know its good news the MM know before any R.N..S as always the way . G.L.A.
Buster - keep the faith !
I've only been invested since 2016 and on a few occasions top sliced when price was around 250p (equiv) so am only slightly down on the trade ... but I really see potential to return to that level quite soon. It would be nice if they gave a Q4 update this month and then got the final results published in early Q2. Also nice if they restructured the capital to use the share premium account to wipeout retained losses and start paying a dividend a.s.a.p. This share could be on a p/e of one by the end of 2024 if something doesn't change !
srb is similar to altyn but they give out rns regularly seems this lot are a bit vague with info maybe they will take notice and get on with engaging us share holders from any more **** ups !
The pattern is exactly like 1 year ago , All is in results ? is it a false awn or new beginning we will find out soon . G.L..A,
15 years and waiting for this to finally turn !
Looks like a bit of money is being put into Altyn.
I wonder where the company would be if there was somebody in charge who really knew how to get things done. Perhaps in exactly the same situation....perhaps there are inherent issues with Altyn that make everything a struggle. The propensity to over promise & under deliver is a problem....probably not unique to ALtyn in mining industry.
Fingers crossed that things finally happen for ALtyn next year....ground hog day for me!
I've had money in this dog since 2007 and I remain seriously underwater..... but also hopeful. Many promises have fallen by the wayside, but I think the current management need to be given some credit. Whilst communications remain terrible they are by far the worst owners out there. Salaries to directors appear to be modest and shareholders have not been diluted - unlike many small caps out there. So whilst this is taking far longer than any of us would like, I also think there is a clear track record of production improvement. And whilst I don't expect any balance sheet restructure allowing a dividend to be paid early, I remain hopeful us long suffering shareholders may finally get some money back in dividends in 2025.
That would be very nice for a Dividend , One of the clowns did talk about a dividend 6 years ago payable in 2017 but think it was pipe smoke . Lets see if its another Dangle a Carrot ?
A few follow up comments on the various posts.
AISC at $1000-1100 would mean free cash flow of around $45million but that wouldn't be profit. Profit will be substantially lower as they have non cash costs - mainly depreciation/amortisation.
They've not really be so clear on what they mean from free cash flow for the dividends. How far does it include cashflows for investing/refinancing activities as with the payback of debt incurred for the current expansion and the investments required for the planned expansion to 100,000oz there might not be much free cash flow for several years. I assume it will ultimately be some metric based upon operational cashflow with some adjustments for financing and investments.
Given the progress so far and assuming 2024 achieves what is realistic, they should be in a position to comfortably pay a dividend for the financial year 2024 (i.e. payout in 2025). What would be nice next year is that they announce a capital reduction to ensure they can pay a dividend, which would then ensure the market takes note.
".... and then start paying dividends."
========================================================
I wouldn't hold your breath. There are always lots of things to spend any extra cash on, and because of that there is never any extra cash.
I think with Altyn it is best to expect the unexpected. It could be good 'unexpected' but usually it isn't. Hopefully they on the edge of greatness.
Have to agree that the management are clowns. But they also own 70% of the company.
All depends if clowns can deliver ? normally missed targets for last 16 years so Goodluck as my shares from 2008 is worth F . All in todays prices a bad return lucky i ve got time on my side as you need it worth clowns running thus company , fst greedy lot !
I have bought in recently and would appreciate others thoughts on what I think Altn will be producing next year.
I have them producing 50K ounces of gold. If aisc are $1100 and say gold price at $2000, then they should be generating $45Million profit before tax. They should be able to pay the debt of pretty quick and then start paying dividends.