Altyngold Share Discussion Threads

[glavey] 23/10/2020 05:49

"If POG hits $3000 in the next couple of years then could be worth 3x that."

...and if it retraces to $1500?

[onedayrodders] 22/10/2020 20:31

For those that like technicals, You might enjoy this chart commentary ... quite convincing and around 2.35 secs explains why Gold is having trouble around $1930



ODR

[cyberbub] 22/10/2020 18:00

I wouldn't trust Goldman's (or any of the big banks, but especially the vampire squid) as far I could throw them. They're notorious for saying one thing and doing the opposite. And they've just had to pay out another $3bn in fines (on top of the original $3bn) for facilitating the 1MDB corruption scandal.

[highly geared] 22/10/2020 17:54

Long term 59 year gold price and M0 money supply ; values gold currently at $2400oz.
Discount being applied by the market of 20%. Let’s see if it closes when Us congress agrees the $2 trillion next bail out package that is funded by the FED buying up the T bills and ballooning it’s balance sheet toward $10 trillion...

[stockknobjockeyvanbookstino] 22/10/2020 17:45

Goldman's reconfirm their forecast of 2021 average $2,300 gold

[jc2706] 22/10/2020 17:34

We won't get another TR-1 now that he is below 3%. Unless, of course, he buys again. I wouldn't read much into that. Many PIs sell enough after a rise to cover their stake.

[stockknobjockeyvanbookstino] 22/10/2020 17:33

Cyber, yes he's trimmed by about c 3.5m shares, but that on its own would have kept him above 3%. Its the issue of 154m shares to Freedom Finance which took him below - I was expecting that RNS to be regarding the Freedom holding rather than Rowes, as they now hold 5.6% of the share capital.

[cyberbub] 22/10/2020 17:01

Our HNWI friend from Manchester is trimming his holding... As he's gone below 3% will we get any further TR-1s if he keeps selling? Not a great sign. Nor the POG being pushed down again...With the consolidation companies usually round people's holdings down to the nearest 100, gather up all the fractional shareholdings and sell them and keep the money for the company. Although most shareholders probably have round-number holdings, there will be a few losing up to £1.99 each... Hardly something to lose sleep over!

[excellance] 22/10/2020 15:59

i was joking kev...

[cool hand kev] 22/10/2020 15:55

excellance so should all share round up or down their holdings to the nearest 100

and what happens to the surplus or deficit if they don't I thought that
share holders were refunded the difference?

[goldenshread] 22/10/2020 15:32

I have been watching this for a few months, it is interesting, all of a sudden, the market is happy to take quite large lines of stock from you well above advertised bid.

Usually when the above happens it either means that someone is happily accumulating in the background or market makers are happy to take stock onto the book in anticipation of selling those shares far higher up.

It seems a good time to accumulate, assuming they will let you buy in a reasonable size.

[excellance] 22/10/2020 15:26

Just Josh rounding off so his holding is divisible by 100

[cool hand kev] 22/10/2020 15:21

Is that RNS some sort of clue of a Major Holder materializing?

[king suarez] 22/10/2020 15:14

Definitely feels indicative of a marked change/expedition in ambitions..

[bsg] 22/10/2020 15:11

I should hope so with a 100:1 consolidation.. LOL.

[excellance] 22/10/2020 13:23

This will be up over 3p in no time...

[jc2706] 22/10/2020 13:21

Really difficult to judge as it depends on the major shareholder. Their execution is critical for development of the asset but their contacts may ultimately prove more critical in securing a good price. But we should be deep into gold mania by that time so who knows? I do think it will justify ten times the current price at the very least.

[cyberbub] 22/10/2020 11:43

At what market cap JC?

If POG stays around $2000 I would personally expect £500M-700M for a 200koz mine, depending whether their AISC and debt had increased. So that would be 20-30p pre-consolidation.

If POG hits $3000 in the next couple of years then could be worth 3x that.

[jc2706] 22/10/2020 07:01

I tend to agree that this is 'end game' positioning but I think the timescale will be further out. The likely buy out price of a 200-300k oz per year producer will be higher than a 100k oz producer irrespective of the fact that it is the same resource. So I believe that we will see substantial development of both assets with a buy out timeframe more like 2023/24.

[highly geared] 21/10/2020 22:23

It feels like the building blocks continue to be put in place.

Whilst the production turn around has been slower than hoped, the Capex investment and mill refurbishment appears complete and the mention of Teren Sai open pit development is hugely positive.

The market perception side is also getting attention and communications have been good albeit lacking in the spin we get from seasoned AIM outfits.

My view is that patience is the name of the game and that ALTN will look very different in 12 months.

Meanwhile the assets remain hugely undervalued in an elevated gold price environment.

The latest announcement feels like “ shop window “ pre positioning with 2021 being a year of ramped up production, improved communications , bringing in Teren Sai, whilst positioning ALTN as an improving and profitable producer, with huge assets ( for sale)..

[glavey] 21/10/2020 21:20

Getting carried away, 'tis only a gold minor.

[stockknobjockeyvanbookstino] 21/10/2020 17:29

The share consolidation and change of name, main LSE listing together with all the other communications says to me they have big ambitions that will be realised. Bring on Q3 numbers.............

[linz22] 21/10/2020 16:36

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