Altyngold Share Discussion Threads

[leewink1] 15/10/2019 10:45

Pretty obvious it's got a major overhang of sellers here.

[leewink1] 15/10/2019 10:44

Would help if someone did ...

[littlepuppi7] 15/10/2019 10:41

I do feel this is being worked before popping significantly higher... just keep buying...

[leewink1] 15/10/2019 10:37

Massive sell off not showing ?

[leewink1] 15/10/2019 10:36

How the hell does this drop 9% on a poxy 500,000 sell ? Ridiculous !

[littlepuppi7] 15/10/2019 10:30

Well there is a lot less stock on the offer than last few days. 400,000 at 0.6 and 20,000 at .65 really hope seller is drying out...

[homebrewruss] 15/10/2019 09:35

If they are to release news I think most likely it would relate to specific achievements/purchases as this is how they've done it in the most recent past.
In the final results for last year released in April they have a table with planned expenditure for 2019/20 on page 5.



Maybe we will start to hear about this capex.

[vish65] 15/10/2019 09:29

A quarterly production update for Q3 could be released anytime about now but in doing so they would be setting a precedent going forward for close scrutiny on performance. Are they confident enough yet to do that or are there still things to fix and get right ? . If its a new communication regime they will want to avoid having to release poor numbers so personally dont think we'll see anything until things are running consistently better.

[tightfist] 15/10/2019 09:25

Like Steve after you, I am thinking they are changing their approach and the winter-of-information-flow is now thawing - for a half-full person person there is some evidence!However, like you, I will remain unconvinced the Seller is truly finished until the chart suggests so. As I said before I don't understand their objectives (and Chip also mentioned "AT" reported trades which mess-up any volume insight?).Cheers, tightfist

[wrighty46] 15/10/2019 09:18

I dont have L2 anymore so am blind to the market. The daily volumes for the last month have been on average pretty good. I would hope some kind of Q3 update is forthcoming as we know throughput increased substantially in July and it would be good if that level has at least been maintained if not increased. There is more news expected/scheduled before year end on the plans to buy new trucks which the company announced earlier this year. GLA

[homebrewruss] 15/10/2019 09:17

JC you may well be right although in 2016 they released lots of news in Q4 when they had something to talk about.


They haven't had much positive news to talk about for the last couple of years.
Hopefully as further progress is made we will get more regular updates.

[stevea171] 15/10/2019 09:12

The new company web site is concrete indication of their thinking. Going forward istm they are open to business and to communication with shareholders. They have now brought us up to date on their resource drilling and exploration and delivered on their Q3 promise of 2 CPR's, albeit release dates slid into October.

They have plenty to communicate in the most significant areas of their operations:

Q3 production
Q3 cash generation
How the $17 million loan has been/is being deployed
FY19 production forecast
2020 production forecast
etc

[jc2706] 15/10/2019 09:02

I don't think that we will have an production update. I prefer to lean on the somewhat cynical side given that they haven't provided a Q3 update for several years. I would love to be proven wrong and a positive update would likely be greeted very well indeed.

Until I see the bid/ask moving up I remain unconvinced that the seller has gone either!

[wrighty46] 15/10/2019 08:52

It's a case of will they give us an ops update this month? GLA

[tightfist] 15/10/2019 08:42

Me too - but we have received the two CPR's within 6 days - maybe they are to be taken a little more seriously??

[littlepuppi7] 15/10/2019 08:35

Looking at L2 I am cautiously optimistic the seller has gone.

[littlepuppi7] 15/10/2019 08:33

Yes and they are now going to keep exploring the remaining 14... A million ounces for starters.. This is insane.

[chrisis33] 15/10/2019 08:32

Interesting to note that the stated resource is for one of 15 targets, and 2 of 4 areas within it.

[wrighty46] 15/10/2019 08:28

Excellent news this morning. Although this line of stock is frustrating and holding the share price back I have taken a few more this morning. Definitely it.... said that couple weeks back. GLA

[littlepuppi7] 15/10/2019 08:13

Hopefully this clears out the overhang, once thats gone this will fly.

[littlepuppi7] 15/10/2019 08:12

PS not "pumping it everywhere" I have only mentioned it on the VAST thread, one thread.. That is hardly "everywhere"

[littlepuppi7] 15/10/2019 08:11

Another excellent RNS.

[tightfist] 15/10/2019 07:30

Yes, and only covering 1/15 targets at T-S and 2/4 within that first target - mind-boggling scale - starting to comprehend why they paid so much ($22m?) for the historic drilling data!Much more important to me is notable progress on communicating to the market and shareholders. Fingers crossed we will see some Q3 production results soon - IMO that is what we need to mop-up the legacy of the overhang, achieve some PI liquidity, close the spread and start moving the share price sustainably?Not much to ask for! tightfist

[homebrewruss] 15/10/2019 07:17

More good news but will it do anything for the share price?
The level of company activity is encouraging though.

[excellance] 14/10/2019 14:10

Yes the littlepup is annoying everyone by naively pumping this everywhere.

As for comments of a placing, well that's always possible unfortunately, but thankfully this company appear to have income to leverage to satisfy the banks, so a loan is the best way to finance development.

If they struggle to make loan repayments then a placing is likely to solve that problem, but with gold at these levels I expect we'll have sufficient income to cover repayments.

There is still the appearance of stock being transferred presumably to the lender or loan enabler at about 60, but once that's done we should move higher.

Can't wait for ths next production report!