Altyngold Share Discussion Threads

[brasso3] 20/10/2020 07:16

Never a fan of a consolidation.

[excellance] 20/10/2020 07:12

100/1 consolidation, change of name to Altyngold.

The numbers are easier to understand as is the nature of the business, presumably for new investors who must obviously be thicker than a castle wall

Am I missing something or is this pointless?

[golden prospect] 20/10/2020 07:12

Consolidation of 100:1 will give this a heavy weight price of 200p

As for the name change, what a nonsense; a trail of so many renames.
Oh please get on and demonstrate that profitable mining can be achieved.

[nevgroom] 20/10/2020 07:08

Looks like they'll hit £2 shortly ;-)

[red army] 19/10/2020 22:07

Whatever the viewpoint this stock needs to close above 2p in order to kick on

[jc2706] 19/10/2020 21:56

1.9991 I believe which is as near as dammit.

[excellance] 19/10/2020 21:42

None. Highest one is 1.991p

[cyberbub] 19/10/2020 21:35

Ex, the ADVFN feed shows many trades at exact 2p??

[wrighty46] 19/10/2020 20:48

See post 4483

[excellance] 19/10/2020 20:20

why did we close on 2p when all trades today were under 2p?

is there a big buy order being worked?

[excellance] 19/10/2020 10:33

Looking strong today, moving up inch by inch...

[wrighty46] 19/10/2020 09:40

Buyer in the background by looks of it. GLA

[jc2706] 17/10/2020 14:20

It is difficult to e clear in communication when you have been out of practise for so long! It is heading in the right direction but the real decider will be if the actual production and cash reporting meets or exceeds expectations. Start growing production significantly and this will head much higher.

[excellance] 17/10/2020 10:54

i am happy that the flow of communication has improved exponentially, but the clarity has not!

i could say "an empty vessel makes the most noise", but we know this vessel isn't empty.

i hope i'm not sounding negative, because i am actually very positive about the prospects here over 18 months or 5 years, and i know that installing and commissioning new equipment can often cause disruption, which is unavoidable and worthwhile. I also know that the share price here got a little too ahead of itself at 3.2p and i suppose had to correct, and the share price is now strengthening again on most days, so the future still looks very positive.

[cyberbub] 16/10/2020 16:46

Sesquipedalianally largiloquent in fact!

[jc2706] 16/10/2020 13:53

When considering current communication it is worth putting it into context. Compared with previous years they have become positively verbose!

[excellance] 16/10/2020 11:53

Looking good for another top up soon

[excellance] 15/10/2020 20:52

i am comfortable with my substantial investment here, just as i am happy with my investment in EUA, and these two holdings are by far my biggest and both are former soviet union.

EUA were painfully opaque in their communications for a decade or more, but look at the result. There is a certain clandestine nature to the way these companies communicate and perhaps it needs to be.

I am not selling a single share, tho i recently added in the dip, and as said many times my plan is to hold for the long term, and that means riding the ups and downs, but that doesn't mean i wont whinge about them at times.

[cosmictraider] 15/10/2020 19:47

I agree that communication is not their strong point, but having spent some time in Kazakhstan I’m afraid that’s just how it is and it’s unlikely to change, unless as you say they employ the services of a Western PR company to manage it for them.

I also suspect, given the senior years of some of the Management Board a lot of it stems from the many years living under the communist Soviet Union times. I for one don’t see anything sinister about this, it’s just in keeping with an engrained philosophy of Soviet management style. These from my experience stem from a set of deeply rooted principles, traditions, values, and priorities that they show no sign of abandoning in favor of Western systems. In fact, their management system (as opposed to their economic system) may not have served them as badly as Western investors assume. Given the economic realities of peremptory centralized planning, state monopoly, and constant shortage, a remarkable number of former Soviet enterprises produce usable, sophisticated products and care for their workers as well, as demonstrated the various Altyn RNS on the importance of caring and supporting financially their employees, their villages and even infrastructure. As alien as Soviet management practices may seem to Western investors, it helps to understand them if we are to avoid frustration at the speed and progress of their communication.

In conclusion I am firmly of the opinion that within the next 12 – 18 months the company will present a number of encouraging developments to shareholders which will reward the patient investors way beyond the negative expectations of those who have already abandoned this ship before the wind has had a chance to fill its sails.

[stonefold] 15/10/2020 19:28

Companies open social media accounts and web domains to prevent third parties squatting on them.

Better they get on with running the business and enjoy quiet family time, rather than chatting with internet strangers.

[excellance] 15/10/2020 18:36

maybe you could ask why they bothered creating a twitter page then never use it, or have they lost the password to log in?

[wrighty46] 15/10/2020 18:17

I have been very active through messenger with the company. The messages come up as being read but I have not had any replies to questions as of yet.