Neil Woodford Redemptions Watch: beating the market – but only on a technicality as investors take advantage
Following the money at Parkmead – I just cannot see how this is not another festering pus of an AIM scandal
Gold miner in Kazakhstan, Altyn (ALTN) has announced 2018 results and that “the directors are confident that further significant funding can be obtained in the near future to further increase production”…
Altyn (ALTN) “is pleased to announce that it has now reached an agreement with Kazakh bank, JSC Bank CenterCredit, and as a first step has entered into an unsecured loan agreement for a sum of KZT 350m (approximately USD 950,000)”…
Gold miner in Kazakhstan, Altyn (ALTN) has announced 2017 results including “infrastructure enhancements and progress of the underground decline have been continuing” but that “production was constrained by the closure of the processing plant for maintenance and availability of the necessary equipment”…
Altyn (ALTN) “is pleased to announce… an underwriting agreement with JSC Freedom Finance, a subsidiary of Freedom Holding Corp. to raise c. US$15m, through the issue of five-year non-convertible tenge-denominated bonds”, with CEO Aidar Assaubayev emphasising “completion of the bond issuance will allow the company to accelerate the achievement of target production capacity levels, transforming the company into a significant gold producer in Kazakhstan”…
Precious metals producer and explorer in Kazakhstan, Altyn (ALTN) has updated on its 2017 production and development and that it “is in the final stages of negotiations to obtain finance from a number of interested parties for the expansion and development of the mine. This will enable the company to move production in the future to the planned output levels of 60,000t increasing to 80,000t per month”…
Tipped by ourselves in April, shares in precious metals miner and explorer in Kazakhstan Altyn (ALTN) initially performed reasonably, but subsequently slipped back – and currently even more so on the back of a half-year results announcement…
I reckon that shares in gold miner Altyn (ALTN) are cheap as you can see HERE. Last week the company did a two day City roadshow (not raising cash) in which it gave a full presentation to fund managers. But why should the City boys & girls playing with other folks cash be the only ones to see the presentation? In that spirit...
Recent years have been ones of transition from open pit towards underground mining for Altyn (ALTN). However, production is now starting to increase again - and the anticipated marked increase from current levels looks far from discounted in the present valuation. As such, the shares are a buy
VSA is house broker to Altyn (ALTN), the former Hambledon Mining, so its assessment cannot be deemed to be impartial. We bring this information as a public service.
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