Altyn Share Price (ALTN)

See RNS 19 March 2019. The company has an established business relationship with this bank, so they have done a previous appraisal of its credit worthiness . The loan disbursal will be in stages, but there should be no hitch along the way. What the loan is secured on is not said but there must be some collateral. But PIs always know they are the last in the queue ...

"The Company is pleased to announce that it has now reached an agreement with Kazakh bank, JSC “Bank CenterCredit” (BCC), and as a first step has entered into an unsecured loan agreement for a sum of KZT 350m (approximately USD 950,000) to Altyn’s subsidiary company “Altyn MM LLP” that owns and operates the processing plant at the Sekisovskoye gold deposit.
The Company is in advanced talks with BCC for the provision of a larger amount of funding. Shareholders will be updated as negotiations progress. "

Probably waiting for funds to be received - only approved at moment.

We've been here before with terms agreed with Freedom Finance, only for the funding not to be taken up..........

Retired banker - or it could just be that until the moneys spent and the cpr’s show a clear direction forward the market is hesitant.

Institutions being privi to any funding terms is imo a load of tosh.

As clearly stated in the news the company did a lot of due diligence to attain funding and this was the best offer they could find which was in the benefit of all shareholders.

No neither do I.

From the results.

“Exploration work at Teren-Sai ore fields continued in line with the development plans. Development has been intensified at two sites which have been identified as having potential for the extraction of ore at a low cost, within the contract licence area. Positive results were obtained from the test samples taken, and the detailed exploration drilling and trenching combined together with the historical data is being used as the basis for an independent Competent Persons Report (CPR), the results of which are expected in Q3 2019.
Aidar Assaubayev, CEO of Altyn Plc commented:

Recovery in production is well on track with a significant pick up in production in July 2019. The key to moving ahead to the longer term plan is obtaining the necessary development finance. On this front we are optimistic as talks are progressing well and shareholders will be updated in Q3 2019.

In tandem with seeking development finance the management has also been working hard on finalising CPR reports for both the Sekisovskoye site and the Teren-Sai site (formerly known as Karasuyskoye), the results of which will be available shortly.”

Note -

““Exploration work at Teren-Sai ore fields continued in line with the development plans. Development has been intensified at two sites which have been identified as having potential for the extraction of ore at a low cost, within the contract licence area”

I don't give much credence to the notion that 'somebody knows something' I'm afraid.