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Started: Lostinthedark1, 10 Jun 2024 08:55
Last post: busterhogdog, 15 Jun 2024 23:20
That Suaze guy is from another forum hes causes trouble with other posters arguing about results and quite a nasty little pip squeak .
I told you it was released ages ago . As usual you are to busy moaning about directors !
You are lying Suaze it was released ages ago , you repeated lies before on here they should ban you as you talk a load of bollucks most posts/
Hey Queen Suaze What is this its yesterdays news , are you a ramper as dont need another idiot on here , i am not saying your a idiot just sounds like one a bit , have you anything constructive to add as not welcome here .
I seem to remember a while back someone commented that ALTN aren't paying for a 'proper' general release of their RNS's, choosing a cheaper option presumably to save costs (I can understand that). If that is the case they would have some repsonsibility for the way their RNS's are disseminated.
Started: Bmeister, 31 May 2024 14:17
Last post: Bmeister, 31 May 2024 14:17
Not sure why this is dropping again with gold price still over £2300 and their Q1 results were excellent with revenue +41% vLY. Not helped by RNSs not showing on here or HL but can be seen on the London Stock Exchange ALTN page. I've bought back in with 10k shares today as with one of the lowest AISC at ~£1000, this has to be one of the best value gold miners out there and the process plant expected to be completed in Q3, it can't stay at this level for long.
Started: RetiredBanker, 2 May 2024 12:15
Last post: bald_eagle, 7 May 2024 22:44
I do remember that a long time ago the company issued new shares and the Assabayeu family bought those shares for something like the equivalent of £3....which turns out to have been a poor investment. At the time the SP did increase quite a lot....but that could have been the confidence the market got that the company had sufficient funds to invest in the mine (unfortunately they needed a lot more).
I don't see any fund manager paying 100% above market rate for new shares.
RB, is there a name for this sort of a deal?
I've not heard of UK companies doing this before....it sounds too good to be true. Basically they are creating new shares and valuing those new shares above market rate. So they are creating value out of nothing. In a normal market the new shares would dilute the value of existing shares. Sounds odd to me.
Bald Eagle - my whole point is that they issue new shares to enable such a transaction to happen.
Right now somebody trying to buy 10k shares would probably move the market, 50k would definitely, so 1mm shares would see price rise rapidly. I believe a small to mid sized fund manager would be prepared to pay £30m for 12mm shares and a 30% stake in a miner with every prospect of reaching 100k oz within 2-3yrs. At that point this could be a $200m+ revenue producer with $50m+ net profit ...Mkt Cap rises from £100m to £200m and the new investor as well as Assaubayev's and us have all doubled our money to £5 per share and we're still only on a p/e of 5 !
"There's no way somebody could come into the market and buy 12m shares without the price going way beyond £2.50......"
Yeah, but it isn't likely to happen, or are we living on Fantasy island?....although sometimes in the UK it feels like it.
"It's not possible for a start....I agree RB, simple solution...."
That's as clear as mud.
PS. This is the same company who changed their name but forgot to secure the rights to the new name....so they had to pay some person in a small village in Wales who read the RNS and licensed the name before they did. I don't think they do fine detail....hole in the ground needed, buy big machines to dig it!
I agree RB, simple solution....
Started: Lostinthedark1, 12 Apr 2024 16:15
Last post: bald_eagle, 27 Apr 2024 10:36
What a pain that Altyn's RNS's no longer appear on 'London South East'.
Not really its a risk like all shares and its upto each own person on how much they can afford to lose or not and a little bit of luck as no one knows what is going to happen in resources but its going to be worth a punt if you want high rewards then thats what you get but you could get high losses as well so GLA
SOLG been a dreamers share for years no disrespect to holders
Started: scoredagainsteps, 17 Apr 2024 09:17
Last post: scoredagainsteps, 17 Apr 2024 09:17
HAD A CHANCE TO GET THIS AT AT APPROX 1 POUND A SHARE IN APRIL live and learn
Started: Visitor, 16 Apr 2024 13:16
Last post: spike501, 17 Apr 2024 09:13
Nice updated, if somewhat random, but all adds to the momentum here.
Now they need to release the financial results, on time and ideally not at 5pm on the 30th April and hopefully the financial results don't contain any unexpected surprises.
At 50k oz production with current gold price, without the geopolitical and concentrated ownership risk, you could easily make an argument that £10 per share for a market cap of £270million is not undemanding. Do the geopolitical and ownership risk warrant an 85% discount? Not in my book, this could move very quickly if they can keep progressing operational, maintain decent communication and not have any nasty surprises in the financial statements.
For ALTN, the last few weeks releases equate to positively verbose communication!
The company is ludicrously undervalued, probably due to a combination of geography, ownership structure, slow progress and lack of communication. Not much to be done about the first two but if they address the last two, this will have good reason to rerate.
To me this is the gold miner that has the most potential on the LSE in a gold bull market. Today's release gives some suggestion that they may actually realise at least some of that potential.
Lostinthedark1 - good timing with ALTN releasing very positive update with detail today:
https://www.londonstockexchange.com/news-article/ALTN/update-on-expansion-of-processing-plant/16425717
ALTN is significantly undervalued purely on its current annualized gold production of 38k oz (Q4 2023 9,600 oz poured), let alone processing 1mt ore processed p.a., which dependent on grade (2.2 - 3 g/t) and recovery (82%), would be looking at range of 58 - 79k oz p.a.
You then of course have separate Teren-sai open pit potential and long-term goal of Sekisovskoye 2mt ore processing p.a. After few quarters / year at 1mt, I wonder though if ALTN would look to instigate a dividend as prior presentations alluded to? A 10% dividend at these levels would only cost £3m. At 58-79k oz, AISC $1,000 - 1,300 (economies of scale will mitigate the inflation experienced in last couple of years) and gold price of $2,300, you could have Net Free cashflow of USD 58 - 103m (excl Capex, Tax, Interest payments etc.).
Started: spike501, 8 Mar 2024 09:34
Last post: Dofmeister, 12 Apr 2024 18:42
At £31m market cap, the 1.5m oz at Teren Sai is worth that alone valued at c $25 per oz in the ground......
Been holding these for 3-4 years and may finally get back to breakeven unless gold has topped out at 2430. A really low free float and moves fast with any decent buying but always doubted any serious players would risk their capital given the geography and company structure. Chart looks good though. GLA
Some news worth reading .
Teren-Sai subsoil exploration area contract extension
AltynGold is pleased to announce that following the approval of its work program, Teren-sai subsoil exploration contract has been granted an additional two-year term in order to conduct further exploration and testing. The addendum to the main contract will allow the Company to perform exploration works to March 2026.
Since the award of the initial exploration contract in 2016, AltynGold conducted a Competent Persons Report (CPR) in 2019, which estimated 1.48moz total mineral resources in area No 2. Subsequent detailed drilling confirmed prior results and further defined the ore bodies. As part of this process, the original exploration area was narrowed to targeted zones and non-required area returned. Further details of the CPR are available on pages 17-20 of the 2022 Annual Report available from the investors section at www.altyngold.uk.
A work program is being currently executed on area No 2 with the aim of commencing open-pit production as soon as sufficient data has been gathered from further exploration activities.
Further Information:
For further information please contact:
AltynGold Plc
Rajinder Basra
+44 (0) 203 432 3198
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.
Information on the Company
AltynGold Plc (LSE:ALTN) is an exploration and development company, which is listed on the Main Market segment of the London Stock Exchange.
To read more about AltynGold Plc please visit our website www.altyngold.uk
View source version on businesswire.com: https://www.businesswire.com/news/home/20240411552343/en/
Contacts
AltynGold Plc
Altyn has a golden cross lets hope it sticks ?
This guy ramps on another board and is a flea on a good day .
Started: Lostinthedark1, 26 Feb 2024 10:54
Last post: busterhogdog, 5 Mar 2024 21:21
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
Started: pacifico, 12 Feb 2024 21:14
Last post: busterhogdog, 14 Feb 2024 17:09
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.
Started: Dofmeister, 1 Feb 2024 07:37
Last post: busterhogdog, 12 Feb 2024 15:04
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.....
Started: sajy, 5 Dec 2023 15:49
Last post: busterhogdog, 10 Jan 2024 16:58
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.
Started: Dofmeister, 24 Oct 2023 07:16
Last post: Dofmeister, 24 Oct 2023 10:49
Once the accumulated losses are wiped out, 25% of that may be dividend....say £5m, 18p a share ?
Agree - timely update and strong update.
Conservatively allowing for commissioning time, maintenance periods and mining capacity next year they should mill 800,000 tonnes and so produce 45.000 ounces and free operational cashflow of $36million assuming $800 per ounce
The year after 960.000 tonnes (again allowing for downtime) and so produce 54.000 ounces and operational cashflow of $43.2million.
With potential upside from grade improvements and I think $800 per ounce is relatively conservative.
Excellent, prompt results and we are ramping up nicely ..........
Started: spike501, 29 Sep 2023 10:12
Last post: bald_eagle, 29 Sep 2023 11:02
Spike, as you say '2023 is a transitional year' and disruption was to be expected. You wouldn't like a job managing things in Kazakhstan for Altyn would you?!...you seem to have a better grasp of the situation then current lot.
Lots of money being spent, large debt re-payments due and costs which they have to get under control. Although cost of production (currently US$1,344oz) should fall when processing increases to circa 800,000 ktpa.
But still - in theory - profitable.
Nothing really wrong with that update - sales and revenue are slightly down, but anyway we knew about that as it was due to the maintenance activity in Q1.
They might miss budget a bit, but I think it was always optimistic that the upgrades would not impact production and they should still produce and sell around 16-18koz in the second half.
Almost 200,000 tonnes were mined in Q2, so mining has increased by around 50%, so they are well placed to process around 800,000 tonnes next year assuming the capacity is in place relatively early in Q1 which would produce 40-50koz depending on what grades they can achieve.
Overall operationally I think this was a positive update - I always had 2023 down as a transitional year and development is clearly on the right track.
As usual releasing news at last minute and skipping updates doesn't say much for shareholder relations which is holding this back as much as anything.
Started: BillB, 27 Jul 2023 10:23
Last post: Daisan, 7 Sep 2023 11:12
Looking at previous years they sometimes don't publisha Q2 report separate to the half year. Since it is so late, I suspect that this is one of those years.
Q2 results must be ready for release any time now.
Due any time in the next couple of weeks. Gold price for those months was excellent, and gold outlook looks superb. One day this will re rate substantially I would expect.
Started: Bravo., 13 Jun 2023 17:43
Last post: bald_eagle, 13 Jun 2023 21:54
"Strip ratio"
=======================================
Current mine is underground.
The more research the better.
Company is >70% owned by the Assaubayev family.
Hi there,
I am looking for some gold companies to buy when gold smashes through its all time highs.
I will do my own research into this company but if any knowledgeable holder could/would post a few facts like:
-Strip ratio
-Debt
-IRR
-Mangement
or any other useful facts for new potential investors it would surely be useful.
Thanks,
Started: Lostinthedark1, 13 Jun 2023 08:59
Last post: Lostinthedark1, 13 Jun 2023 21:51
Many thanks RB. I might actually try and attend this one!
The Annual General Meeting of the Company will be held at Langham Court Hotel, 31-35 Langham Street, London W1W 6BU, United Kingdom on Thursday 22 June 2023 at 11.00am.
It's a pity there wasn't a Q1 update in Mid May ... I suspect the lack of announcement has caused the downward drift.
However if production has increased as expected and talked about in early May and knowing that gold has averaged around $1950 so far this year, we really should be looking at 2023 profit not far off the current market cap !!!
I still see fair value somewhere around 275p on current 2023 forecast
Does anyone know when and where the AGM is this year? Must be soon but can't seem to see it posted. And hopefully we'll get some meaningful updates on how this year is progressing so far. Many thanks.
Started: adamsmithfreethi, 28 Apr 2023 11:46
Last post: RetiredBanker, 9 May 2023 12:13
Buster - looks like we're back on track !
I'm invested with a few "oily cowboys" as you put it .... not least Maris at HUR and Ciclitira at LVCG who amply demonstrate that the FCA is toothless as a regulator, that shareholders don't really own the company and that scheming BoD members can get away with murder. However I've never got this impression from Assaubayev's ... they just don't want to be diluted themselves by some "oily" VC or outsider. The annual report states the £3.5m was spent on "community" projects at the government's recommendation as a one-off ... greasing the wheels of greasy governments is unfortunately how business works in third world countries. I don't like it ethically but we have to live with it or invest elsewhere. I'm rather more interested in mining tonnage increasing from 527t to 760t in 2023 ... that could see us hit $100m revenue this year.
Onward and upward, the rewards of patiences are coming !
RTB . I would not trust these lot as far as I could throw them .bunch of oily cowboys ,
I don t trust them at all , everything they do is lies and bad . stealing cash now ?
Adam, I think they are involved in building a school/college in the local town but I'm not sure if that is the answer. I'm sure such transactions have the possibility of making auditors a little 'twitchy'.
The previous auditor ran into trouble with quite large construction projects not covered by a formal contract (or something similar)....I think we put it down to 'that's how things are done in Kazakhstan'.....although the management promised to do better.
I note the have their AGM in London. Always a good sign when they make some/all execs available to interrogation by the plebs. I'll aim to attend once the accounts are finalised and the AGM called. Note to self - enquire as to the nature of that sponsorship programme...
Almost to be expected from ALTN. A brief look at the numbers in the RNS and I was wondering what 'Admin Expenses - sponsorship programme' of £3.654m means....that's quite a chunk of cash not being spend developing the mine.
Hopefully the auditor gives them a green light.
Last post: busterhogdog, 28 Apr 2023 11:31
Baldie you coming out of the woodwork ? What are your thoughts on today,s *******ed up R.N.S.
As per usual the clowns are at it again ?
Why would everyone take this seriously now !
"Given the incredibly low salaries and mediocre cars in the car park (someone posted a link to it on Google maps once)...."
============================================================
This is great. Is there a live feed?...I can watch them making me money.
Given the incredibly low salaries and mediocre cars in the car park (someone posted a link to it on Google maps once) I'd say money will be going on development - they seem to do this much cheaper than similar mines
Watch out Baldie is out of nest and share price is flying !
L.O.L .
Baldie the Eagie Ramper flys his nest .
They seem to be awash with development money. A big loan from a bank, the bond yesterday and even some profit. Lots of money to invest in expanding production. Looks like it's gonna be a busy year for somebody.
Gold plated toilets have been ordered for the executive washroom I hope....priorities!
Last post: busterhogdog, 30 Mar 2023 15:50
Hi Baldie is that your buy of 1 share ? Last of the big spenders .
L.O.L
Yes your right about Old Baldie Eagle , share price rise and eagle has landed or flown ,
Is he ramper or pusher ? we want honesty not clown ramper ?
Well I suppose there are all kind of posters on these BB'S. Some try and post honesty while others want to line their own nests.
O/T.
My second largest holding is in THG.
Results are due there in April. I feel very positive there and think it will be a multibagger from the current shareprice. NAI ofcourse. I Always advice people to do their own DYOR etc.
My investment in AAZ is my largest holding and is moving along very nicely too. ALTN is the third one.
I hold TXP as well. That one is an outsider so to say.
The THG thread on ADVFN has gone to pot so I have started to use this site LSE.
AAZ thread is excellent on ADVFN. So now I will be using both sites.
ATB all.
Started: Bwana4, 22 Mar 2023 10:07
Last post: busterhogdog, 22 Mar 2023 10:25
Hello , Yes it s mostly quiet as share price is down , Baldie only comes out of his nest when share price goes up which isn,t very often . Then we listen to Ramping for a couple of weeks before another round of downtrends . G.l..A
Very quite on this BB regarding posts !!
I usually post on ADVFN.
A very cheap share still with a very low PE ratio.
The cheapest on LSE.
If I remember correctly the cost to the family during consolidation was 300P. They hold 70% of the shares. So still a very long way to go yet.
I have been a holder for a while here.
I also hold AAZ witch I feel will double in price sometimes this year. Divi playing as well
ATB to shareholders here.
Started: bald_eagle, 15 Mar 2023 08:32
Last post: busterhogdog, 20 Mar 2023 22:19
Hey Baldie have you sprinkled some of your fairy dust on this yet .
Is your toilet roll still on your shoulder ?
you do talk a lot of ****e .
Yes you need deep pockets for this share . Maybe a Dustbin ............
Buster, I thought it was you putting your short arms into your deep pockets.
Share price rising must be Baldie buying up more shares
Go Baldie .
L.O..L ......
Winter came and usual update ? now more excuses about poor winter , now where have I heard that before ? From these clowns 10 years ago you would think after all these years of mining they would have had plans to minimize it affecting the operations . I think its another Old Chestnut and deflecting poor management . Sick and tired of lame excuses just get on with it . Someone needs to kick **** quick .
Started: bald_eagle, 1 Mar 2023 10:24
Last post: RetiredBanker, 14 Mar 2023 22:06
Sadly it doesn't look as thought Assaubayev or BoD is going to give a Q4 update.
Useful information has always been in short supply with this company in first quarter of the year.
However I feel patience is all that is needed here.
With luck we'll get audited results sometime in April and then a Q1 update in May.
By my calculations Assaubayev's own around 70% of the total equity at an average around 250p (in new money)
There interests are very much aligned with ours ... I'm confident we'll get back to 3p (=300p now)
... ideally I'd like to see it before June 30th - but I can wait.
Where else do you have such a good chance of 100%+ upside in 2023 !!!
Auditor ? has he been sacked already .
When are the crooks going to release update ? Probably going to steal some more investors cash with another placing ?
Beyond Belief ? Audi
They are a bunch of crooks that s why ?
I'll be happier when they actually publish the appointment of the auditor with companies house - it still hasn't been done yet.
Started: GeordieShores, 26 Jan 2023 23:21
Last post: busterhogdog, 23 Feb 2023 23:58
As reply to numbskull where is buster when share price is rising ? Now its tanking where are you ? so go and figure !
It seems we are back to usual non update ? surely if you want investors to invest in a good investment you would release on due date instead we have a BOARD OF CLOWNS who don t do normal and that s why share price is where it is ? no buys mostly sells as Clowns are clueless ?
alfredq432
This share has certainly not performed the way I had hoped over the years, but the 50%+ rise this past month is only the start of better times I'm sure. Hopefully we get a Q4 update this week which should state that revenue is over $60m and profit around the same as last year. Our mining will be slightly below the 650kt projected for the year, but still up on 2021 and hopefully Assaubayev will continue to predict 700-800kt for 2023 and on target for 1mt in 2024. On a p/e of <3 and projection to also double output within 24months we should see continued rising of the share price to levels not seen for a few years. To 3p and beyond !!! gla
The current share price in 2020 would be the equivalent of 1.6 pence when they did a 100 for 1 share consolodation.
I bought at 1.4p back then and have watched this hits 70p (0.7p equivalent) just a few months ago so I am really pleased to see it has doubled since November (but obviously I wish I had bought more in Nov !).
https://www.lse.co.uk/news/ALTN/in-brief-altyn-proposes-name-change-and-share-consolidation-fvj7elger9zks6i.html
Last post: spike501, 26 Jan 2023 17:10
I’m not expecting any increase in production this year - in the last investor presentation the step from 40k Oz pa to 60k Oz pa was in 2024 and that assumed the main capital investment occurred in 2022, so I shift everything back a year but hope I’m reality there is a graduated increase so next year pushes towards 50k.
RB, I would like to topslice at 250p too...but we have to get there first. Some encouraging progress recently, albeit from a really low point.
Hopefully ALTN can continue to deliver positive figures going forward.
We're due a Q4 update any day now ... which I suspect is going to show a steady 8-9k oz production.
That will equate to 2022 revenue around $60m and profit above $20m.
That sort of consistency is what we've all been hoping for over the years.
It doesn't take a genius to figure that even on a p/e of 5 we should be around £80-100m market cap and that's without factoring in any increased production or continued rise in the gold price.
If gold breaks through $2k and stays there, or BoD project 40-60k oz for 2023 then we really should see a massive boost in share price on top of the 50% rise over the past 2-3mths ... I'm still targetting 250p before I top-slice
Haven't heard from Busterhogdog lately
Definitely the appointment of the auditor - with no auditor there is a risk of suspension and big corporate governance risks, now one has been appointed it removes a substantial risk.
Gold strength helps
Then there isn’t much free float so no surprise it moves quickly in either direction
Last post: Visitor, 15 Dec 2022 11:09
If Polymetal in a heavily sanctioned high-risk political jurisdiction like Russia can find a new auditor after Deloitte resigned, you would think Altyn shouldn't have a problem. They should look up Polymetal's new auditor MHA MacIntyre Hudson, considering both miners work in Kazakhstan, there would be some large synergies for MHA MacIntyre Hudson.
I suspect they are urgently trying to find a replacement before they have to inform the market. But the news has leaked.
I wonder if this was linked to delay in securing the funding?!
You can find the resignation letter at companies house
https://find-and-update.company-information.service.gov.uk/company/05048549/filing-history
Again I don't like the fact that this has not been RNS'd
The AltynGold website shows BDO as one of their 'advisors & partners'. I tried to use the link to BDO site (read more) but was warned of a security threat, so didn't risk it.
Fun, fun, fun.
Cannot see any RNS that has BDO stepping down as Auditor.
When did the auditor resign? Was there an RNS.
I thought the issue was resolved and the auditor was 'sort of happy'!!....on the understanding that Altyn would improve their governance. Must have missed this!