Altyngold Share Discussion Threads

[harrisun] 08/12/2020 10:52

Or a good day here depending on perspective.

[onedayrodders] 08/12/2020 10:50

Crazy .. ECR helping to offset a poor day here

[harrisun] 08/12/2020 10:49

So much so that I had my order for 50000 unavailable, so they have to be picked up in bits.

[harrisun] 08/12/2020 10:35

To that end I have got a decent order in.

Its worth having a spread bet account, just to indicate what the state of the positions are, and its no coincidence in my opinion that when spread bet companies are overexposed, a share price really often collapses over and above any deleterious fundamentals and then its closing deals only...forcing stops, and preventing others from taking advantage of that overdone fall in the share price

It will always then overcook the drop, if spread companies stop out gamblers, and at the same time won't allow that stopping out to be balanced by taking new longs. It completely distorts the market.

Often a good signal to buy.

[harrisun] 08/12/2020 10:30

you always know there is some over reaction when spread bet companies make a share closing deals only. They are in my opinion the major fixers of the markets.

Today, no doubt they've closed out quite a few longs....and then they can't get back in...

Much better to own the shares imo.

[cool hand kev] 08/12/2020 10:30

That’s it they’re running 🏃‍a92;️ the price down for a cheap management buyout 😢

[excellance] 08/12/2020 10:24

You're just being picky now.

I'm amazed how easy it is to sell, so obviously someone is buying. This adds to my theory that there is a third party and corporate action sitting in the shadows waiting for their moment.

Perfect, orchestrated in fact, and the report didn't tell us this did it!

[excellance] 08/12/2020 10:18

105/110 now

[vish65] 08/12/2020 10:16

As already highlighted its also about what the report doesn't say

We knew there was more mill service required as it was being done in stages. But they don't say it is now complete , so there is no reason to expect any uplift in Q4

[excellance] 08/12/2020 10:14

It'll bounce back

[cyberbub] 08/12/2020 10:14

I've bought a few more on the dip. It wasn't outstanding but it seems like they're moving in the right direction IMO.

[cool hand kev] 08/12/2020 10:12

When I said that this would be a penny share soon I wasn’t expecting it to be today 😢

[excellance] 08/12/2020 10:09

Revenues of $7m per quarter versus a loan for $7m payable over 5 years.

Revenues are likely to continue rising, which is why the bank agreed to lend at just 6%, while obviously debt is falling every time they make a repayment.

It wasn't a convertible loan, it had no warrants or options attached, and it will help us progress more quickly.

[gregpeck7] 08/12/2020 10:04

Problem is getting into more debt now and not really delivering anything like what you lot have been suggesting is coming down the tracks.

[excellance] 08/12/2020 09:57

5157 sums it up quite well.

I'll add that Q3 numbers are from July to September, we are nearly at the end of Q4 now, and the numbers may have significantly improved already.

Maybe all the disruptive stuff is already done?

[excellance] 08/12/2020 09:50

I'm fairly sure we'll see our mystery new investor show themselves quite soon.

[jc2706] 08/12/2020 09:42

I suspect that most if not all of us have a similar outlook here -

- Assets are great
- Funding should significantly increase production
- Positive outlook for gold/revenue increase/profitability
- Frustration over rate of progress
- Frustration over level of communication
- Not convinced by the competence of the people in charge
- Poor history of accomplishment
- Lack of clarity over when the 'golden recovery' will begin
- Still convinced that it will happen and that the subsequent rerate will have been worth the pain!

[sloppyg] 08/12/2020 09:31

Not a lot to smile about in that update for sure

Reading between the lines we are not getting the full story with regards to milling issues and an immediate capital injection was required to try and get things back on track.

They have clearly spent or have commitments that utilise all of the bond/previous bank loan hence the requirement for this supplementary loan to sort out processing.

The positives are that the bank is still comfortable with funding the business to the tune of a now not insignificant c.25m USD. Also that we are at least still getting Qtrly updates.

We really are approaching crunch time now as there is debt that needs servicing and we have no detail about covenants/security etc.

[cool hand kev] 08/12/2020 09:25

Well the market’s not impressed this will be a penny share soon 😢

[bsg] 08/12/2020 09:19

If you were in at 0.5p you've watched a lot of profit drift away?

[onedayrodders] 08/12/2020 09:10

Agreed MrM

It was the same back in Mar .. just didn't anticipate it taking this long.

hey ho

[michaelfenton] 08/12/2020 09:08

Just why on earth are people selling? Yes I know the management is a tad frustrating but the numbers are heading the right way and look good going forward?

[excellance] 08/12/2020 09:08

I think if they'd come out with 5K oz today we'd all be singing their praises.

[mrmcnee] 08/12/2020 09:06

It is worth noting that all producers have issues from time to time, I believe ALYYN is a recovery play with the real possibility of some corporate action.

Let us see how this pans out, at some point the shares will turn up for a very oversold position right now.

[highly geared] 08/12/2020 08:37

Excellence/ JC, agreed. It would be helpful if they provided a forward commentary of what they are doing etc. to build confidence that they have a detailed plan and are executing it. They really need a proper RNS writer and PR firm.