Altyngold Share Discussion Threads

[littlepuppi7] 13/11/2019 10:35

Agree. Time to be loading up. Looks ready to re rate from here

[observer007] 13/11/2019 07:58

Looks like the seller may have completed their transaction, for the first time in a while there was a reasonable bid late yesterday afternoon.

Great time to add or buy in IMO.

[excellance] 12/11/2019 18:25

It's cos of the DB overhang which I think is about cleared, and the excitement of their mine development which is underway now finance is in the bank.

This isn't a trading share in my opinion but a holding share while they develop to eventually pay a dividend in a few years time.

[littlepuppi7] 12/11/2019 18:20

Looks like it's getting ready to break higher again. Chart looks like a coiled spring..

[excellance] 12/11/2019 18:10

Interesting increase in number of trades.

[excellance] 12/11/2019 15:54

They do, it's an upgraded website with old information, apart from the recent CPR's.

I'd like to see new presentations and graphics.

[davidspringbank] 12/11/2019 15:49

They need to get their website up to date.

[bsg] 12/11/2019 14:42

MM's will want their volume so expect lots of jiggery pokery from them.

[excellance] 12/11/2019 12:42

$17m in the bank, new equipment arrived and in use to double production, CPR's delivered to market to justify investment, new website.

DB recently dumped 50m shares to recalibrate funds and cut costs, so if the overhang has cleared there's no reason why this shouldn't fly from these silly lows.

[excellance] 12/11/2019 12:30

Well, the share price has finally responded, so is the overhang from DB cleared?

If it is then a 30 or 40% rise should be easy enough to manage.

[chrisis33] 12/11/2019 11:34

Definitely moved up quickly on a handful of buys today. MMs widened the spread as usual.

[observer007] 12/11/2019 11:09

Have bought in recently, worth noting this was trading at 1.6p last year when the gold price was far lower.

The seller gives the small investor the chance to get in at rock bottom levels, the free float is small which means the share price moves fast on thin volume.

The seller could be near the end, would explain the recent up move.

[chipperfrd] 12/11/2019 11:08

Suggest you just filter!!

[run12] 12/11/2019 11:07

They have just agreed a $17m loan so do not need a placing - suggest you do some reading up on this.

[run12] 12/11/2019 11:07

They have just agreed a $17m loan so do not need a placing - suggest you do some reading up on this.

[chrisdgb] 12/11/2019 10:49

We should really be back testing the 1p level.........

[littlepuppi7] 12/11/2019 10:41

It was a weird trade that pushed it down 10%, it was never down 10%

[block4gooner] 12/11/2019 10:39

Was than 10% down to 10% up?

[littlepuppi7] 12/11/2019 10:31

Looks like this may be waking up finally!

[w1ndjammer] 12/11/2019 10:31

hmm is the worm turning.....

WJ.

[excellance] 12/11/2019 10:22

Despite the recent CPR's and new upgraded website, communication is still poor, even down to the poor standard of English language displayed in company literature.

Altyn are not alone in this, as many London listed companies are in fact mostly foreign entities with merely a London office.

Standards of the written word generally are slipping unfortunately.

[grimreaper2019] 12/11/2019 08:53

Have taken a position here after a long break from the stock market, have had investment success historically from small producers.

The share price here is depressed due to a seller but often they clear when least expected and the subsequent upside can be tremendous. I think this could be a great play, clearly the BOD's interests are aligned.

Some news must be forthcoming, I will be adding to my initial position in due course.

Often the best gains are made from unloved stocks.

[tightfist] 12/11/2019 08:24

I agree. Seems to me that something got lost in translation or interpretation - 9 years makes no sense to me..More widely it makes me wonder about shareholder communications - maybe I think too much!

[jc2706] 12/11/2019 08:08

I would suggest that is not the life of mine but rather the period of stable production. A good indicator of LOM is the amount of reserves multiplied by the recovery rate (you then need to apply a multiplier based on historic performance but I don't know what that is currently). The reserves will currently support a much higher LOM in my opinion.