Member Info for bald_eagle

Stonefold, thanks for the Altyn contact information. I shall ask the question that people seem wary to ask!!

The email seems a little odd, dated that is. The company is now Altyngold but the email is 'info@altyn.uk'. I shall give it a try anyway.

If the Aussie submarine deal is anything to go by, a deal isn't done until the money changes hands. Announcement of a deal doesn't make it a done deal.
Someone here was also suggesting share buy backs rather than a big 'special'

"You can always get in touch with Gallagher or Basra for confirmation, I have direct contact with both."
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DofM, why don't you ask Gallagher & Basra to clear things up once and for all?....and post their answer(s) on here. It would certainly end this misunderstanding and provide useful information to investors.

PS I don't have the contact details of either men....the website is bereft of email addresses (or other contact information useful to me).

From the latest presentation document (14 sep 2021):

Page 5 (Credit highlights).... "Reserves & resources JORC: 5.3Moz in reserves (2P)...reserves support 30+ years mine life at targetted 100Koz annual production"

page 10 (Sekisovkoye deposit overview)...."3.8Moz 2P gold reserves"
page 11 (Teren-sai deposit overview)...."1.45Moz 2P gold reserves"

Conclusion: When the company talks about mine reserves of 5.3Moz and annual production target of 100Koz per year it is talking about the combined output of Sekisovkoye AND Teren-sai.

PS: 100Koz per year is equivalent to TWO 1Mtpa processing plants....assuming grades of 2g/t and 80% recovery.
PPS: Do the math, see the light!

From the presentation document (14 sep 2021):
"Longer term production goal - 2Mtpa" (pp5)

"There will be 3 plants, two at Seki at 1mtpa each and one at Teren Sai, size yet to be announced."
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Where in the latest presentation document does it say that 3 processing plants are to be built and/or the long term goal is 3Mtpa?
This is incorrect and based on a misreading of the April financial report....which to be fair was slightly ambiguous. The latest presentation document is much clearer IMO....upgrade current plant to 1Mtpa and build a brand new plant - most likely IMO at Ternen-sai - to reach a long term goal of 2Mtpa.
There is no mention of a 3rd processing plant.

Agreed. If TRMR keep delivering on the fundamental numbers then the SP will take care of itself.
Will be interesting to see what they do with their big pile of cash & buy-back shares.

The question isn't really about where they are building the second plant....it could be either Teren-sai or Sekisovkoye, I don't care. The problem is some people are extraploating the mixed messages from the company into a long term plan for three 1Mtpa processing plants. I cannot see any plan to reach 3Mtpa.....even one new 1Mtpa plant will be hugely expensive and time consuming to plan & build. They can build it where they like. But don't pretend there is a third plant planned based on a misreading of previous ambiguous company reports (2014 was a joke). The latest company presentation document is perfectly clear IMO.
The 'problem' is that some people think they are never wrong....me, I'm more than happy to be proven wrong because it means I have learned something new. But I rarely am wrong!!!

"A small incremental processing plant expansion is planned to be completed by 2018, which will increase throughput from 0.85Mtpa to 1Mtpa."
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Quoting reports from 2014 made me laugh. The company making promises that it couldn't keep even back then....even the 'small incremental processing plant expansion' is delightfully naive. Thanks for putting a smile on my face.

A poster on another forum confirmed your misconception....another gem!!

You are confusing the company target - Sekisovkoye plus Teren-sai - of 2Mtpa with the individual target for Sekisovkoye (IMO). I thought the latest presentation document was perfectly clear.

"Looks like l&g had about £35 million exposure to the Chinese property company Evergrand."
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For a moment I thought the exposure was £35bn.....£35 million is manageable. Still a lot of money however.

I had to look up the amount of the cancelled dividend that was due to be paid when the pandemic hit (due 3rd April 2020)....it was a 6p final dividend. That would have given 9p for the year.
4p seems realistic in February results.

"A price increase of 1% over the past four weeks ensures that the trend is still in place for the stock of this financial holding company" (Zacks equity research)
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1% is nothing....Barclays can go up or down by multiples of that over a week.

It is 'nice' to know that someone is positive about Barclays but analysis based on the above seems to be clutching at straws.

Perhaps Zacks has spotted some fundamental driver that will take Barclays through the 190p barrier....but at the moment that wall seems pretty solid.

There seems to be some confusion between long term goals at Sekisovkoye and the long term goal for the entire company (Seki plus Teren-sai). It is important as investors that we know what we are investing in. The long term goal for the entire company is 2Mtpa, the long term goal for Sekisokoye is currently 1Mtpa (to be achieved in 2-3 years).

You can see it in the numbers. Nowhere is there a long term goal of 3Mtpa. There is no 3rd processing plant currently in the long term plan.
Also the life of mine (LoM) for Sekisovkoye is >30 years, the 2P ore reserves are 33.45Mtpa. IF the 'plan' were for 2Mtpa processing at Sekisovkoye then the LoM would NOT be >30 years...it would be >16 years. Do the maths...see the light!!

I agree with the dog too. What goes around comes around.

Dofmeister, are you trying to mislead people on purpose? You are quoting two seperate sources and making 2+2=99.
It is obvious from the latest presentation that the 'company' has a long term goal of 2Mtpa. This will be achieved by upgrading the current processing plant at Sekisovkoye from 850Ktpa to 1Mtpa over the next 2-3 years. Then a second processing plant may be built at Teren-sai. It is all laid out in the latest presentation....it is clear & simple to understand. Why do you have a fixation with 3 processing plants and 'presumably' 3Mtpa? It is wrong & misleading to continue repeating this falehood.
I have said that it wasn't entirely your fault you got it wrong because the annual report was ambiguous....to continue trying to justify your original mistake just makes you look foolish (IMO).

Edging towards that 'impossible' £15..... which will probably coincide with the end of the world.

"The company did say in the annual report that long term plans envisage two 1million tonnes/annum processing plants at Seki plus the possibility of a separate plant at Teren-Sai."
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Panda, as I said at the time the annual report was ambiguous....it could be read two ways. The latest presentation has IMO provided clarity.

PS I don't think the annual report had a long term goal of 3Mtpa....which is ambiguous IF their long term goal was three 1Mtpa processing plants. The latest presentation seems to suggest the long term goal is the new processing plant at Teren-sai....it "MAY be required". Perhaps there is a 'LONG long term goal' of 3 processing plants....longer than long term!!!!

"Read it once more Baldy. Sekisovskoye is being upgraded to 2mtpa. That will be using a shaft they are currently sinking and s second CIL plant."
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DofM, read what once more? The latest presentation is quite clear I think. Have you seen something else that nobody else has?

A new shaft & CIL plant doesn't mean that Seikisovkoye will be able to process 2Mtpa.

Spike, I suspect you may be right. Although I sort of had the idea - from reading previous communiques - that Sekivoskoye plant was for upgrade & the new plant was at Teren-sai. The dead giveaway was the long term goal was 2 Mtpa NOT 3 Mtpa. The latest presentation does make things clearer & remove a layer of ambiguity.

" I suggest you read the report carefully again - it is proposed to construct a separate plant at Teren Sai and upgrade Seki via 2 x 1 M tpa plants. I give up........."
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It was Dofmeister....apparently he gave up.