Altyngold Share Discussion Threads

[excellance] 21/8/2019 17:06

No idea why the chart says 48 close cos all last trades were around the 50 mark.

[tim000] 21/8/2019 16:34

Thanks, I've taken a brief look at SRB, I'll look at it again. Based on prospects, I think ALTN has more upside, but I would like to add another gold miner.

[tightfist] 21/8/2019 16:31

Hi tim000,O/T: If you fancy diversifying slightly but staying within Gold Mining on LSE/AIM you could take a look at SRB (MC £37m, Brazil). Not as cheap on some criteria as ALTN but its got a well understood step-wise expansion plan and the CEO has a delivery track record, and communicates well and frequently!Good luck, tightfist

[excellance] 21/8/2019 16:01

Breaking out over 50

?

[chrisdgb] 21/8/2019 14:17

Agreed..........

[wrighty46] 21/8/2019 14:01

Edit stock now available at 0.50. Hopefully get a bit of buying pressure next week. Providing update is comprehensive and perhaps get a forward looking statement. Of course funding news would be most welcome. We shall see. GLA

[wrighty46] 21/8/2019 13:38

Getting hard to buy online nothing available under 0.51p now. GLA

[tim000] 21/8/2019 08:31

It would be nice if the overhang cleared prior to the interims announcement next week. An awful lot of shares have been sold in the last few weeks that has kept a lid on the share price.

[chrisdgb] 21/8/2019 08:18

Someone got their buying boots on today......

[tim000] 18/8/2019 22:37

Worth reading. Supports researchanalyst's view that the gold market is set to tighten considerably in the next few years. The three tips may be worth looking at too.

hxxps://www.outsiderclub.com/report/the-golden-bull-three-junior-miners-to-dominate-2019/1365

[wrighty46] 14/8/2019 10:48

Hi jerrypike can I ask if you made it to the AGM this year? If so any snippets you may be able to share? ATB wrighty

[jerrypike] 14/8/2019 09:23

Sloppy-they are not going to take it private.

[roguetreader] 13/8/2019 16:05

Sloppy
I think the answer to the question you pose, is nobody really knows. Re Kemin v Altyn, I think Chip's post 258 gives as good a summary as you are likely to find.
RT

[sloppyg] 13/8/2019 14:11

How much are the events that played out with Kemin Resources holding this one back I wonder. Obviously another Assaubayev vehicle, which ultimately resulted in a compulsory delisting, as they could not find a replacement nominated adviser.

I know the circumstances are a little different but nevertheless the apparent disregard for private shareholders at the time and in the aftermath of the delisting cannot help sentiment here.

It appears like ourselves, kemin shareholders have been trying in vain to reach out to the Assaubayev's and are hitting a brick wall.

If Altyn remain unable to get access to capital via their full listing then at what point does it become superfluous to requirement; hence will AFR look for a back door way to take this out of our hands for nothing.

I have built a reasonable position here over time but must admit the Kemin situation does concern me. It is not necessarily the delisting itslef but the complete disregard for private investors since it occurred; all this when apparently the assets have continued to perform well.

Interested to hear other views as the disconnect with POG is increasing by the day. Admittedly funding is the main reason but can't but help think there are other considerations.

[tim000] 13/8/2019 10:53

Thanks. I'm only interested in cash generative businesses, and ones that make a profit too. I know of most of these, indeed I was invested in Rambler for a short while. The coming slowdown is going to hurt non-PMG miners, especially those which aren't self-financing. I'd be wary of investing in anything that consistently needs fresh equity capital.

[excellance] 13/8/2019 10:39

Another is rambler, a copper/gold mining company in Canada.

[excellance] 13/8/2019 09:42

Others to consider, tho not gold, are galileo, Horizonte, and Eurasia Mining.

In the gold space there's ECR which is even higher risk but if successful should be sensational.

[tim000] 13/8/2019 09:37

Actually quite a large profit!

[wrighty46] 13/8/2019 09:26

Should actually be making a profit now. Definitely this one is behind the curve imo. GLA

[chrisdgb] 13/8/2019 09:22

This could finally be the start of the big push upwards.....!!

[tim000] 13/8/2019 09:18

I know all the negatives about shareholder communications, the majority shareholder, etc, but does anyone know of a quoted company that is cheaper than this in terms of its financials? I honestly don't, and continue to buy.

[excellance] 12/8/2019 13:16

Yup

To be fair, someone has been underpinning this for some time, hooking up ALL sells, and slowly slowly raising the bid.

[ilostthelot] 11/8/2019 22:35

This looks poised to breakout out of the long term down trend. With gold at $1500 it wouldn't take much news or maybe no news to see a strong breakout.

[tim000] 09/8/2019 19:18

I agree with you that profits will be reinvested in the business, so it won’t be accumulating cash, but it’s still making profits (and will be recorded as such in the accounts).