Member Info for Lostinthedark1

The only family member board director in the room was Sanzhar. He was joined by CFO and non-exec director Ashar Qureshi. Aidar was there by video link. He sent his apologies but had to be in Kazakhstan - I think to work on the licensing extensions. No real news on Teren Sai but it was suggested that this would be released towards the end of the summer when they announce there plans for the capacity expansion.

I think until then put these back into a draw until everything calms back down again!

Been meaning to post on here for a couple of days but life keeps getting in the way!

I attended the AGM for the first time earlier this week and was lucky enough to chat with a couple of other shareholders from the ADVFN board in Tim and Goldrush. And I think we all went away confident on the prospects of Altyn.

My couple of main takeaways from the meeting is that we should expect a meaningful announcement by the end of the summer on how they intend to finance Teren Sai. It sounds like this is likely to be bank loans (and cashflow) as that seems a much cheaper option than the Bond line they have in place.

I also got the impression that dividends are being meaningfully considered which would come after the cash requirements are confirmed.

Whilst things may not be moving as quickly as some would like, there is genuine progress and we should be looking to increase processing capacity from the current 1m tonnes to 2/2.5m tonnes - so looking to at least double production in the next few years. We are also net cash positive by now. Whilst the current fall in share price is disappointing. I remain confident on the medium term outlook and probably a great chance to add some more shares for those not already very exposed!

Is anyone attending next week's AGM? I feel it might be worth while taking a day off and go and have a listen. It has been years since I last attending any AGM so any comment from more recent attendees if these are generally worthwhile would be appreciated?

Not sure why they are not showing as a live RNS, but the full year results where out yesterday and look decent. I've copied below for any who haven't yet seen. Full version on the company website. Sadly share price doesn't seem to agree but I didn't see any skeletons in the numbers. Just maybe a bit slower progress in Teren-Sai than some would like

Financial highlights

• Turnover increased in the year to US$175.4m (2024: US$96.5m) an increase of 82%.

• 50,442oz of gold were sold (2024: 38,708oz) an increase of 30%

• Average gold price achieved (including silver), US$3,474oz, (2024: US$2,441oz). An

increase of 42%.

• The Company made a profit after tax of US$62.0m (2024: US$26.4m).

• Adjusted EBITDA (Earnings before interest, tax, depreciation and amortisation) of

US$101.4m (2024: US$50.9m).

• The Company repaid borrowings of US$34.1m (2024: US$20.4m).

• Net debt at year-end (after deducting cash balances) was US$18.5m (2024:

US$49.7m).

Operational highlights

• Ore mined 926,000t (2024: 750,000t)

• Gold poured 53,852oz, (2024: 37,279oz)

• Mined gold grade 2.05g/t, (2024: 2.29g/t).

• All in sustaining cost (AISC) US$1,562/oz (2024: US$1,318/oz).

• Gold recovery rate 85.07% (2024: 85.4%).

• 5th year of no accidents or incidents

Underground development and exploration highlights

• Development of the ventilation works and buildings to support continued development

of the underground to lower levels.

• Transport decline 1 is at -34masl, decline 2 is at sea level (2024: Decline 1 at sea

level, decline 2 at +34masl)

• Completion of the main drainage complex at +150masl, and laying associated

pipelines amounting to 1,700 linear metres.

• Reconstruction of tailings dam 4 to extend its capacity was completed.

• Exploration drilling of blast holes at Sekisovskoye amounted to 169,000 linear metres

(2024: 216,000 linear metres).

• Licence for Teren-Sai was extended for 3 months from March 2026, during which time

the application process to move to a production licence will commence.

2026 Outlook

The Company has set a production benchmark of 50,000oz of gold and an ore processing

capacity of 1Mtpa. Building on this foundation, it is actively pursuing opportunities to expand

capacity to 2Mtpa.

At the Teren-Sai project, the Company is advancing the process to secure a production

license, with approval anticipated by the end of 2026. Preliminary testing and drilling results

have identified three high-potential sites.

Hmm.... well not sure it was entirely wise but I've brought a chunk more shares this morning at about £10.40. For quite big orders the sales seemed to go through much quicker than it used to when our share price was much lower. So liquidity is up or there are some very big sellers out there? Or both. Full year results are due next month and as a number of posters have already stated, Altyn has been - and should continue to - throw off loads of cash. Even if there is an increase in input costs the numbers for this year should support a much higher share price by end of year. Here's hoping!

Except its not close to a war zone. Yes it borders Russia, but the mine is thousands of miles away from Ukraine and equally far removed from what is happening in the Middle East. There is no new Altyn news that I've seen which should have this dramatic impact on the share price. And when full year results come out next month hopefully 2025 will be a record year with Q1 26 on track to be the best quarter ever. So if you have spare cash it's probably a great buying opportunity.

RTB - don't disagree with anything you've said there. The future price of gold depends on many factors and all you'll ever get is a best guess. And it seems most think $4k plus is here to stay for at least the next few years But even after top slicing I remain horribly concentrated in Altyn so looking to persuade myself that this is a good place to stay without selling any more! And I think it is with the future looking very bright.

Https://www.kitco.com/news/article/2026-01-08/gold-price-could-reach-5050oz-h1-2026-h2-correction-could-be-deeper-hsbc

HSBC predicting average gold price for 2026 of well over $4k which will make for another record year!

With the stated policy of returning £5bn in divis and buy backs over the next three years, all other things being equal the share price should rise naturally as there are less shares out there. This is my second biggest holding (with the plan to continue to hold long term) and I remain cautiously optimistic for some share price gains as well as keeping the excellent dividend going. NASDAQ continues to feel very toppy at the moment so until that changes unlikely to invest any more there.

My best guess would be a combination of a big seller and a chunk of profit taking after a great few months. Mix into that a chunk of global uncertainty and we have a big correction. The Q3 results should be excellent when they are released in the next few weeks and I'm confident they will lift us above and beyond £11 before Christmas. GLA!

Https://www.mining.com/hsbc-ups-gold-price-outlook-for-2025-and-2026/

HSBC remains bullish on gold for the next two years. Which would mean loads of cash being generated by Altyn. So hopefully even better times ahead!

Sadly my first overseas holiday of the year is next weekend, so I won't be able to make the AGM. If anyone does get to attend, if they can post any feedback here that would be much appreciated.

Divi has credited my HSBC ISA account but not yet the current account - which should be tomorrow.

There is another (more active Altyn chat) on https://uk.advfn.com/stock-market/london/altyngold-ALTN/share-chat

One of the folk over there saw a link on the company website which raised questions - which this RNS sought to clarify. But basically Altyn are saying nothing to see here and we'll tell you as soon as anything happens. But for now business as usual as we concentrate on our core asset.

I imagine the gold was retained on the expectation of the price going higher. Todays price is much higher than Q1, so this looks a sensible move. And as much as we may like gold, I think they would need to bank this and pay us in cash :-). Hopefully a dividend policy will be announced at the AGM and I would imagine a first modest payments sometime next year. 2025 will be a record year, so hoping the share price is taking a temporary pause before the next run upwards!

No. I was able to have a look at the new website with no issues. It's just a lot more modern and smoother - and probably long overdue. So hopefully part of a bit more self promotion in the coming 12 months!

Never entirely sure how to read the share trades. But I brought 1363 this morning at £3.90 and that's showing as a sell when it definitely isn't (and mainly for the irrational reason of not liking to own odd numbers of shares!). Plus the results which are due imminently should add at least £1 :-)

There are political risks and single asset risks. But these are very much priced in. Production is ramping up which has coincided with the rapid increase in the POG meaning Altyn should be throwing off cash. Communication frequency could be better, but the Directors have been doing a great job in getting the business to this stage. 2024 will be a record year with 2025 going to be even better. So not without risks, but the potential upside here remains significant. So I for one remain very bullish on the future prospects here.

The spread on these shares has always been pretty wide - at least that's how it's always read. But getting tighter and still good money to be made here.

Waiting for news....... and not for the first time. So when Q4 number get released we should get a bump then hopefully a bigger one once audited accounts submitted and an update on strategy ...... and when we can expect dividends.