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$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
Total Q1 & Q2 revenues of $32M, I think $20M of that will be profit. Therefore expecting approx $40M profit for the full year. The current Mcap is £30M and that basis I would say very undervalued.
"The CEO Aidar Assaubayev commented: “.....will move the business to the next level”."
Sounds positive to me.
Busty, I cannot figure out if you have the patience of Job or are just a glutton for punishment, being invested in a company you so obviously think is run by rock apes.
Just for you I am going to predict that the SP will be £10 in 5 years.....
.....obviously there will be a 10 for 1 consolidation in the intervening period.
Just joking m8, you are going to make a bundle...trust me, I am never wrong.
Credit is due when results are good broken promises made good with share price .
I ve been in here 15 years so patience is worn out a long time ago so that s why I am peed off !
I think some of the old posters have died of old age waiting as alpha centurian has nt been on here for ages !
Good job my age is good so can wait another 5 years yet . G.L.A.
hey baldie you got it wrong gain as usual ! L.O.L.
RB, your assessment seems fair, although the price of gold isn't under the control of the company. Given the $40m loan they have secured - which mostly answers the near term funding question - it seems inevitable that £2 cannot be too far away, especially if they continue to steadily increase gold production.
Hopefully they have a cast iron plan that can now be implemented to upgrade the processing plant to 1mtpa and also enhance the general mining infrastructure....steady progress is needed with good communication from the company...plenty of updtates!!
bald_eagle, even with gold at $1700-1800 and production at 8k oz pq I think this is only valued at about 1/2 fair value. So I could see us going above 200p just on consistent results and gold prices for the next two quarters. If we saw gold rising back above $2000 and production rising to 10k oz then a price approaching £5 really wouldn't be unrealistic within a couple of years
I just noticed that they named the recent RNS "Funding updtate"....only just realised with all the excitement over the news!!
Rb, what do you think would drive the SP above 250p?
Perhaps the end of the war, production circa 1mtpa, Teren-Sai mining ore in quantity, a dividend payment or just a general re-rating for ALTN?....perhaps more than one reason
Personally I just hope they just concentrate on mining as much high grade ore at Sekisovkoye as possible and that they get the processing plant to 1mtpa ASAP with a recovery rate >83%.....oh yes, and that they name the school they are building after me... Bald Eagle University has a certain ring to it!!
£5 comfortably achievable, £10 is realistic given existing reserves plus increase at TS, gold price staying $1600-$1700 over next 2 years. Cheap takeover target even at £10.
Buster - not a ruskie - just a realist. I don't think the BoD have acted like clowns / made constant excuses ... what I see is a family who have invested heavily (I believe their average is around 250p) and not yet seen a return on their investment. Unlike other BoDs on shares I own, they haven't done some nefarious deal to collude with a new investor to maintain their share at the expense of diluting the other private investors, nor have they accepted onerous debt conditions. Instead they have taken a slower than hoped for progress ... but progress never-the-less and they are a consistent gold producer now.
This isn't getting the recognition it deserves, but when it does the Assaubayev's should see handsome profits on their 250p average price !
I don't think you give them enough credit. The PE ratio is ridiculously low but the company now is more than sound, giving a great return on capital employed. They've had problems but stuck with it and have overcome them. They haven't diluted minorities nor have they taken exorbitant salaries. Costs have gone down.
SToneFold, personally I would now like the CEO to do a presentation to inform the market & investors on their current plan to utilise the $40m investment. It should include when they plan to reach 1mtpa and the forecast gold production over the next 3 years.
It would also be a boost to investors to indicate when dividends could be paid and roughly how much.....although to be honest maximising gold production is paramount.
At the same time they could also discuss Teren-sai, the icing on the cake.
If Putin has given the loan then we all get stuffed . Putin could be on the board ? No one trust these Ruskies bunch of barbarians is Stonie fold a ruskie ?
Is retired banker a ruskie ?
Baldie has become like me a Deramper ?
Point is Baldie has had enough of broken promises and like me got used to B.O.D. .CLOWNS , excuses .
If share price goes up then everyone will be happy thats why we bought shares in first place .
Humble Pie for Tea would be nice with good share price !
Very easy to gloat Dof , lets see what happens next ? does the loan end in B.O.D. CLOWNS pockets ?
Lets go back in time very long time in 2010 ? Lots of promises ? Never happened , Cash went into directors pockets then sold out ? Dividend was talked about 5 years ago another way to attract idiots to buy shares , Like you and me .
My point was to put off more new investors to lose hard earned cash .
I have many shares invested from 2007 and countless other years making it a very crap investment my point is to warn any new investor of this company under performances ,
When the share price goes upwards I will be very happy to get my hard earned cash back , but given a choice now on these last 15 years it a big NO . That s hindsight but the market is a forward thinking mechanism My advice to anyone is to follow the trend as its your friend !
"Just bought some more gold shares but it def not this one ? I want a dividend ? I want to invest in a company that delivers"
Maybe Deliveroo is for you Buster?
bald_eagle, Sorry if I mis-interpreted the aim of your posts.
I thought that there would be a loan or something later this year but before the December bond repayment date.
When I saw on Friday that the status of the russian bond application had moved from planned to cancelled
https://cbonds-ru.translate.goog/news/1903119/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-GB&_x_tr_pto=nui
I assumed that it was MOEX that ended the bond listing as the application had timed-out, it did not occur to me that perhaps Altyn requested the cancellation as part of a clearing the decks process to secure a loan.
This financing agreement came sooner than expected at a lower cost than expected, so good news. Now I would like to see the resource update. In any case, Altyn is making progress without diluting shareholders, so far so good.
I think this is excellent news. Sufficent funding for the expansion and at very good rate.
Think today's movement will continue to increase over the next few weeks ... might even see a 1yr high above 140p !
Although, BaldEagle you will now have no doubt picked up on the long term plan to get Seki to 2mtpa with a second plant there, in addition to the one at TS! ??
6% interest rate seems extremely reasonable to me.....but of course I know nothing!!
Stonefold, I think you have me wrong. I am not a deramper....quite the opposite really. I just like people to know the facts......like they plan the 2nd processing plant for Teren-sai (although that seems a long way off now)
The fact that the auditor signed off the report with a qualification was as much a surprise to me as anyone. I'm still not sure how the news leaked out but confidence in the company took a hit. Hopefully we can put that in the past now and they can concentrate on the production plan.
I'm not eating humble pie....just pleased as punch.
I never heard anyone saying that a loan was imminent or that it would be easy to get. The Russian bond was off, the chance of a loan from UK financial institutions was zero (same for a rights issue). So I thought the only realistic chance of a loan was from 'the family'.
I didn't know that the Kazakh government was having to offer loans to replace Russian money....as it turns out it worked out very well. I would say investors are very lucky and I am very happy.
So my analysis was correct based on the information I had.....even the Dofmeister didn't disagree with me.
The company now have deliver on their plan....no more excuses....and dividends coming soon apparently, happy days!!