Altyngold Share Discussion Threads

[linz22] 21/10/2020 16:36

Yes, indeed. And that's the timing thing I was alluding to...

[onedayrodders] 21/10/2020 13:02

I know what you mean but time to stop 'giving' and start delivering

[excellance] 21/10/2020 11:36

after a sorry day yesterday this is picking up a bit today.

[linz22] 21/10/2020 05:52

Yes, these buying opportuities are a real godsend and they just keep on coming.

Unlike many of its peers, which can be difficult in this PM bull run to get the timing right for entry purchases or top-ups, ALTN is a share that just keeps on giving - which is why and how it's become by far my largest PM holding...

[michaelfenton] 21/10/2020 05:22

Yes thanks ex.

[ekuuleus] 20/10/2020 21:04

thanks ex.

[excellance] 20/10/2020 17:29

Mkt cap £46m

Q3 results due in under 3 weeks, which should show production and sale of about 6500 oz of gold, equivalent to more than 25,000 oz pa.

2x CPR's produced,
Due diligence done and $27m raised
Mill repaired and upgraded
Ventilation installed
Ramps built
Tailing stowage capacity increase ongoing
Open pit development ongoing
Drilling ongoing to expand and extend

After all of this progress a name change and consolidation causes a tizzyfit and the share price wobbles.

$46m mkt cap.

Get real folks, this is easy money.

[onedayrodders] 20/10/2020 16:56

you and me both ...

[excellance] 20/10/2020 16:51

I've had better days...

[excellance] 20/10/2020 16:01

And increase productivity considerably!

30K oz pa now
Maybe 100K pa in 2 years
150K oz pa,in 3 years?

[jc2706] 20/10/2020 15:30

Teren-Sai is located close by to existing operations. Initially open pit, this should be relatively easy to get going. The question is how much of the existing processing infrastructure can be utilised. Can they ship ore from TS initially (they indicate on the website that this will be an independent processing facility)? How much would the existing plant need to be upgraded (they are upgrading this anyway)?

Lots of questions but the bottom line is that there is the potential to considerably reduce the time to operation given its proximity to existing infrastructure.

[vish65] 20/10/2020 14:56

Following on from today's announcement and the possible reasoning behind it , did anyone else spot this from the interims

Teren Sai
The Company currently plans to prepare the site for production in 2020/2021 and commence production in 2022.

That seems a very aggressive timescale for development based on where they are at the moment, unless some of the prerequisites for this are already in motion.

[jc2706] 20/10/2020 14:54

POG is the most important factor in my experience. I haven’t seen many mining share prices make progress outside of a metals bull market. The one gold exception that I know of is Lakeland Gold. There may be others but I am not aware of them. It is the nature of gold bull markets that all gold related shares tend to rise with it, just some more than others. Of course, the reverse is true which is why gold shares are not ‘forever holds’.

The amount of resource in the ground tends to get valued even when the company producing from it is not doing that well. This is one reason I like ALTN - the value in the ground is not yet realised in the market capitalisation. Add in the real potential for production growth on the back of the recent financial injection and the potential is obvious. Of course, it could remain ‘potentialR17; given the company history which is why execution risk is a principal factor here.

[glavey] 20/10/2020 12:31

"I like buying for pennies and selling for pounds"

You may have just that opportunity. (For a while, at least...)

[michaelfenton] 20/10/2020 12:15

Thanks JC2706 - I get your point. POG is important too?

[excellance] 20/10/2020 09:58

I like buying for pennies and selling for pounds, not the other way around.

[excellance] 20/10/2020 09:56

That's me...

[snoopy12] 20/10/2020 09:46

There are still people out there who do not grasp consolidation. A lot would prefer to buy in at the 2p mark then the £2 mark

[tightfist] 20/10/2020 09:44

Great read #4534 sclper with a concise, timely reminder of the strategy - though timescales have become stretched(!) since 2014! .Cheers, tightfist

[stockknobjockeyvanbookstino] 20/10/2020 09:41

Dipped back myself for a 600k top up.

[harrisun] 20/10/2020 09:28

Just had 2 x 50k as the price drop is over done.

[golden prospect] 20/10/2020 09:26

I hope they have their UK website sorted for this change or perhaps they are planning to link source of mine to jewellery shops!

[excellance] 20/10/2020 09:26

The number of shares may be 100 times lower, but the price is correspondingly higher, so to buy £10K worth costs...er

£10k

[jc2706] 20/10/2020 09:24

I agree. PIs hate dilution (often for good reason) but dilutions that materially improve the business are positive.

[vish65] 20/10/2020 09:22

This is a main listing company. Penny stocks and all the related shenanigans are more apparent with AIM companies

The company wants to spend large amounts of capital on T.Sai and and UG development of seki. Its not clear how they will get from A to B as this is still perceived as a junior and they are looking to make a very large 'step up'

Altyn have yet to use that main listing to any good effect. . Maybe it now will and via the consolidation appeal more to those institutions dealing with main listed companies

Cant say i personally like it but i can understand why.To me it also reflects things must be going well on the ground and that they want to move up a gear