Member Info for bald_eagle

Mr A, even Mr Strang(e) is only talking about the downside for Barclays in his short but not so sweet thought. No chance of breaching the wall and heading north then!!

".....it's an extremely clear policy.... there will be no divs until late 2024/ 2025, depending on gold price and repayment terms + timetable for any finance/loan packages."
=================================================================
I can understand that to some people it is a clear policy.....but then you add "depending on gold price and repayment terms + timetable for any finance/loan packages.". So the headline is a dividend but the small print says otherwise....which I suppose is why they framed it like that.

Why not just say (like most other companies) that the BOD aim to have a dividend as soon as possible BUT the investment in the mine makes that unlikely for the next 2-3 years? That would be clearer IMO.

The dividend policy is a huge joke....anyone reading the headline numbers will be disappointed.

"25% of consolidated net profit OR 25% of FCF (lowest)"

More realistically (truthfully)...shareholders get nothing until thay have finished developing the mine(s)...which could be many years. I have no problem with that but would prefer a bit of honesty.

PS One 'hidden' danger is that the controlling family at some point make an unconditional offer for the company that materially undervalues the business....and they accept it!!

Chartists dream:
SP goes up..."I told you so, aren't I wonderful"
SP goes down..."I told you so, aren't I wonderful"

Only kidding, Chartists have their uses....to poke fun at mostly?!

Some time ago there was 'discussion' that there were in fact 3 processing plants to be built....a second plant at Sekiskovkoye and a 3rd plant at Teren-Sai. That was news to me and I questioned it at the time. The latest report sort of confirms that the current Sekiskovkoye plant is 'only' being upgraded to 1Mtpa (from 850Ktpa).....a new plant 'MAY' be required at Teren-Sai...."In the future as production grows an additional golf processing plant may be required (at Teren-Sai)" (pp11 of report)

I think the 'plan' is to truck ore from Teren-Sai to the current plant....presumably until the 1Mtpa capacity (post upgrade) is exceeded when they will 'presumably' look at operating a second plant at Teren-sai.

"Interestingly I can't find that report on the website any more and the links in the RNS no longer work."
=============================================
I think you will find it filed under BIN. It is amazing it ever saw the light of day with such a glaring error....that is Altyn's faux pas (another one).

"Clear growth strategy aiming to double production in the next 3 years.....2 x production to 1Mtpa WITHIN 3 years from 2020 level of 506Mtpa (sic)"

That sort of blows a hole in the daft research - limiting gold production to 26,000 oz pa for next 3 years -that was paid for and promoted by Altyn.

Has 'someone' had a sharp knock to the head & is suffering concussion. Tomorrow when they have regained their senses the 'message' may return to normal. I wonder which Char we will get tomorrow or perhaps the change will be permanent!!

The true test will be seen in the financial numbers, what % of revenue is being generated by those 'green' projects? Unless that increases significantly the transition plan will 'probably' be seen as tokenism but it may take years to ramp up those projects. Do SHell even have the management mindset for 'green' technology? Oil men are usually a certain breed of (mostly) men!!...or is that an outdated stereotype?

Roadkill (sic), for example badger hocks.....hmmmmm, tasty!!

A delicacy in parts of the West Country ,where tax men fear to tread.

Isn't that obvious to even basic investors - and one that is under constant discussion here - that 185 to 190p is proving an impenetrable barrier for BARC to break through.
So is general market sentiment going to drag BARC through that 'wall'?

Does anyone think we are going to see an economic boom in the next 6-9 months?
Or is BARC going to outperform its peers in some way or otherwise impress the market?
I wish I knew. Obviously the chartists don't have a clue either.

"It looks as if Mithaq's 22% holding and Tosca's 13.7% holding, in Tremor, are held as ADS's."
=====================================
So at least 35% of the company stock is in the form of ADS's...interesting.

"It's very hard to fathom but fossil fuels are hated by woke fund managers...."
=============================================================
You seem to be asking, which came first....chicken or egg?!
Fund managers are rated on performance and 'ironically' shares like Shell - which are out of fashion - aren't performing very well and so those managers aren't investing in those shares....further dampening the SP. Vicious circles.
The real question for Shell (and it's management) is do they have a plan to fundamentally transition to cleaner forms of energy (one that isn't window dressing), then can they show that the 'plan' is working and also can they avoid the 'negativity' around fossil fuels (lawsuits, investor sentiment etc etc)...basically are Shell part of the solution and not part of the 'perceived' problem.
Shell have a product, Oil, that will be used less in the future (decline of use to be determined). They have a un-proven transition plan to a greener future. So at the moment the negatives for Shell 'probably' outweigh the positives. But that could change.

I suppose you could butcher your own animals to avoid paying the tax. Roadkill is also an alternative.

The current processing plant was designed & built to handle 800,000 tonnes per year (from memory). I cannot see how any 'research' could cap gold production at 26,000 oz for the next 3 years...it is absurd. For them to limit the mined ore to circa 500,000 tonnes per year they would have to identify a bottleneck and 'management' would surely invest in fixing a costly issue like that....in terms of restricting gold poured by circa 14,000 oz (53%).

Even 40,000 oz could be an underestimation IF grade reaches the levels suggested by the reports but ALtyn will always be a company that under delivers (IMO). But 40,000 oz should be 'easily' achievable .....speaking as a self professed armchair mining engineer.

It seems that despite record gold production for ALTN there is no increase in the SP, so absolutely no reward for shareholders ....not even any dividends. I wonder what ALTN have to do to catch the market eye. What is putting off potential investors?

Given the increasing gold production profits are being generated that could fund the upgrade in the current processing plant to 1Mtpa (assuming gold price remains high).

800,000 tonnes at 1.9 g/t with 83% recovery gives 40,562 Oz. That is a lot of cash IF gold remains close to $1800.

It does expose the lie that the UK government is committed to a green future....as long as it doesn't cost any more!!
I suspect the same will be true for the vast majority of governments around the world. By the time world leaders take global warming seriously it could be too late. Great news for Shell shareholders though!!

Sex mad!!!

The 'best' reason for an Indian Summer is that is makes us feel 'happy' before the gloom of Winter. A warm sun on your face especialy after a cold spell is guaranteed to lift your mood....whether it meets the strict definition is almost irrelevant as long as it makes you feel good.
However current 'hot' spell is more a late summer...a delayed summer. This is someone who is praying for rain.

"144.5 145.0 spread now 0.5p"
=======================================
I doubt that is the real spread.
Seems to be buy at about 137p and sell about 145p...so the spread is reducing...slowly from 12p this morning.

Spike, I agree that numbers are looking good. I also have no problem with investing in the mine. But splashing the cash is easy...spending it wisely is the difficult bit.

The management have to be given credit for raising finance and stepping up production. But there are huge investments needed in the next few years and that is going to need very experienced managers...possibly why they have invested in new staff.

Hopefully the market will start to take Altyn seriously and spot the potential. Market cap of £40m is ridiculous IMO. Teren Sai is probably worth that on its own (undevelopped).