Member Info for Lostinthedark1

I've not seen it mentioned for a while but I thought one of the reason for no dividends yet was due to retained losses on the balance sheet. This was about GBP25m in the FY 23 numbers. I thought this had to be repaid first before dividends could be paid - or a rejig of the balance sheet which would need shareholder approval etc. And I've seen no commentary at all for a balance sheet change. Hopefully the current numbers should ensure sufficient profits for this loss to be cleared, so from next year the company could much more easily start a small dividend.

No surprises from H1 results. And looks like the processing plant is still on track to complete imminently. So all set up for a fantastic 2025. GLA!

"Revenues for 1H24 increased 37% YoY to US$38.0m primarily on stronger sales which expanded 21% YoY to 17,247oz (1H2023: 14,284oz). The average selling price also increased 14% YoY to $2,203/oz (1H23: US$1,939/oz) in line with positive momentum in gold price globally.

Production volumes in 1H24 were broadly maintained while the processing plant upgrade is being finalised (completion expected in 3Q24). Compared to 1Q24, volume growth was strong with mined and milled ore up 16% and 15% QoQ from 154,8kt and 129.7kt respectively.

Gold grade increased to 2.30g/t. The improvement is driven by positive mix effect from accumulated stock piles as well as grade recovery from underlying operations which increased to 2.15g/t from 1.94g/t in 1H23 and 2.08g/t in 1Q24. Grade improvement and higher recovery rate resulted in 20% YoY growth in gold poured to 17,413/oz."

It's only taken 16 years but I think I'm finally back to break even! Happy days!

I think its the rule of 72. So whatever the interest rate divided by 72 tells you how quickly your money will double. So MNG at 10% dividends would double your money in around 7 years. So much better than 100% in ten years unless I'm missing something?

Ditto!

Decent numbers across the board. Hopefully a good omen for the full year and this still lets me dream of a dividend within a couple of years! A copy of the update is below:-

AltynGold is pleased to announce its 1Q2024 production update.

Production volumes were strong with both mined and milled ore increasing 11% YoY to

154.8kt and 129.7kt respectively.

Gold grade increased to 2.17g/t. The improvement is driven by positive mix effect from

accumulated stock piles as well as grade recovery from underlying operations which increased

to 2.08g/t from 1.92g/t in 1Q23. As a result, volume of gold poured expanded 25% YoY to

7,370/oz.

Revenues for the quarter increased 41% YoY to US$15.7m primarily on stronger sales which

expanded 28% YoY to 7,546/oz (1Q2023: 5,902/oz). The average selling price also increased

10% YoY to $2,083/oz (1Q2023: US$1,889/oz) in line with positive momentum in gold price

globally.

The processing plant expansion is progressing well and in line with budget.

Thanks Buster and I had a quick look at SOLG. But whilst it may be a more liquid share it's also at a much earlier stage of its development than Altyn with continued losses and shareholder dilution (as per last years accounts). It has taken Altyn a long time to get to this stage and it's not moving as quickly as most of us would like. But Altyn has been consistently profitable for a few years with retained losses being repaid on the balance sheet and the prospect of dividends in a couple of years. P/E is very undemanding so overall I think this is a lot less risky proposition with a very good potential upside. But usual DYOR etc applies.

Well this years ISA fully loaded with Altyn. All the fundamentals look solid so hopefully no surprises in the full year numbers and some decent production numbers for Q1 and I can finally enjoy all my gains tax free! Well good to start with a plan.

Well progress of a sort. But always seems to be jam tomorrow!

I've had money in this dog since 2007 and I remain seriously underwater..... but also hopeful. Many promises have fallen by the wayside, but I think the current management need to be given some credit. Whilst communications remain terrible they are by far the worst owners out there. Salaries to directors appear to be modest and shareholders have not been diluted - unlike many small caps out there. So whilst this is taking far longer than any of us would like, I also think there is a clear track record of production improvement. And whilst I don't expect any balance sheet restructure allowing a dividend to be paid early, I remain hopeful us long suffering shareholders may finally get some money back in dividends in 2025.

Many thanks RB. I might actually try and attend this one!

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.

Hi MAZK231
Its the same company just a rebrand a few years back. The shares underwent a consolidation a few years back so I think whatever number your share cert has you need to divide by 100. The shares are about 1.2p in old money and still waiting for take off. Hopefully 2021 numbers will be out any day which should be very good and will hopefully lead to a big uptick! Been hoping that for a very long time though! Good luck.

I think years of disappointing results haven't helped leaving many long term investors /watchers jaded and expecting the worse. And even before the current issues in Kazakhstan I think the region was unloved with a penalty to the share price. With that said I agree the fundamentals of the business look incredibly good and at some stage I remain hopeful that this will be recognized by the market. I remain horribly over exposed to this stock but have no intention of selling as long term I think this will be an absolute gold mine :-)

The recent fall in the share price is obviously disappointing but I think many on here are in for the long term. I've done my research, or as much as I practically can and believe the long term fundamentals of Altyn are very strong. It's obviously not without risks, but on balance the company should perform very strongly over the coming years and with that outlook should generate very good returns for all those invested. But trading volumes are thin and news flow remains light meaning small sales will bring the price lower. May also mean short term there are better trading opportunities out there. But I have a suspicion it won't take much for this to bounce right back up again. Any thoughts welcome.

Thanks Bald Eagle. I think the fundamentals look sound but yes, have been disappointed over many years so a couple of years of no bad news would be great! I might even reach break even :-)

So has anyone done a back of a fag packet calculation on what fair value looks like for this - assuming they continue to progress as we all hope they will?

Brasso, if only this was an all time high I would be a very happy man! But after many years of no news or disappointing stories its nice that this long untapped potential is making a bit of a comeback. And another 1p and I will be back to break even!