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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
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 !