Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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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.
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 !
".... and then start paying dividends."
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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.
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.
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 ?
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.
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!
Looks like a bit of money is being put into Altyn.
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 !
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 !
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 !
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.