Altyngold Share Discussion Threads

[billthebank] 18/11/2019 10:30

Saw you were invested here excellance but on trying to buy the ask price was 0.9.Sticking with Eurasia!!! Good luck here

[excellance] 18/11/2019 10:20

Not mine, I'm selling no Eurasia at this point!

Got some altn already tho.

[littlepuppi7] 18/11/2019 10:17

Cannot even buy a single share.. EUA cash coming over?

[tightfist] 18/11/2019 10:04

Thanks, understood.

[stonefold] 18/11/2019 09:52

Another fund has updated their figures as of 30-06-2019
Sturgeon Capital Funds - Central Asia Equities Fund
sold all 40.7M as of 30-06-2019


Still waiting for figures to be updated confirming that DWS Osteuropa sold all their remaining shares during October.

Brake nearly off.

[serialinvestor1] 18/11/2019 09:47

Tightfist, I've been asked to remove Level III data or face account closure.

[littlepuppi7] 18/11/2019 09:44

Being quote 0.83 for 3 to 4 million.

Overhang.. What overhang?

[tightfist] 18/11/2019 09:42

Very interesting data, out of interest can you reveal your source? From memory this is the sort of total numbers one would expect if the majority of the DB/DWS funds totally exited.

[excellance] 18/11/2019 09:00

Slowly, now not so slowly...folk love a bargain!

[easwarareddy] 18/11/2019 09:00

Thanks selling out now. Can't be greedy

[littlepuppi7] 18/11/2019 08:54

Only a million shares up online which for this stock is nothing. Really hope the overhang is finally gone as this will truest roxket if it has.

[chrisis33] 18/11/2019 08:40

Has a different feel to it today so far... perhaps that overhang is finally clearing after Friday's volume?

[littlepuppi7] 18/11/2019 08:39

After 0.55 next mm 0.7. Online limits down to around a million. Fill them boots before the herd arrives.

[littlepuppi7] 18/11/2019 08:29

Movement starting. Looks like around 2 million shares available at new level.. then off it goes?

[littlepuppi7] 18/11/2019 08:05

Less than a million shares available.. once this overhang goes we will have a eua situation here.

[littlepuppi7] 17/11/2019 22:42

Also note the wording in the half yearly update

Production was on a strong upward trajectory.. Thats before the finance was agreed.

-- Production results in the current period were below budgeted expectations, primarily as a result of some equipment breakdowns and the associated time-lag in receiving the necessary spare parts. As such for Q1 2019 the monthly run rate of ore extraction averaged 13,300t a month compared to 20,000t in the same period in 2018. Following the delivery of the new equipment as noted in the RNS of July 2019 production has increased achieving 29,000t in July 2019.

[littlepuppi7] 17/11/2019 16:47

Would be good but make sure you are loaded up first. 10m market cap . This should hit 1p easy.. I can see it doing it in a day once the overhang is cleared as it's crazy cheap at the moment.

[wrighty46] 17/11/2019 15:00

I do think we should all start to apply a small amount of pressure on the company to maybe start communicating a bit better. I can understand if there is no news to release, but a little snippet about July throughput could easily have been followed up by some kind of update by now. Also the bank wouldn't have released or even agreed the loan if some kind of plan and target for growth hadn't been forthcoming. GLA

[wrighty46] 17/11/2019 14:23

Looking forward to next week. Hoping the volume will carry on tomorrow. Holdings rns please. Has anyone had any contact with the company at all? I've not heard anything although the couple of messages I sent via messenger are showing as being read. GLA.

[excellance] 16/11/2019 09:58

Yes...then we'll see profit takers, but I do think it's about time these recovered to a reasonable share price

[littlepuppi7] 16/11/2019 09:37

What is particularly nice here is that they seem to be sitting on some colossal resource which they are in no way shape or form properly exploiting. It appears things are coming together the recent Ernst and young cpr's offer a glimpse of what is possible here. Due to db being a forced seller new entrants are being offered an outstanding opportunity and entry point to a very promising play here.Stock is clearly drying up finally and once it does this will move very quickly. There were multiple times Friday where there was nothing available. A few lucky entrants on Monday will probably be able to get a few million shares but I think altn is going to get more expensive.

[excellance] 15/11/2019 19:32

Cyber,
Current production is basically just low grade overburden as they move to lower higher grade ore and deep mime development.
They appear to have chosen the longer route to development to avoid dilution.

The recent $17m loan is on excellent terms and is backed by due diligence and 2 CPR's, so I am confident that development will bring rapid improvement in profit.

The recent loan from directors was because they had mechanical breakdown that needed intervention and they bought two digger excavators, so that alone should improve short term profitability as evidenced by the July numbers when compared to previous months.

Yes, debt payment must be managed as priority number one, but I am confident it will be but that remains to be seen.

I think 40k or 60k oz is possibly for the next year and year after, and after debt repayment I can't be sure of profitability, or the gold price...but grades should increase and so should ore throughput.

I'm under no illusion that the reason this is 0.5p is due to significant risk, but if there was no risk the share price would be 20p.

I am confident of a success here, but nothing is guaranteed.

[cyberbub] 15/11/2019 19:20

I appreciate that but (from my quick skim) their AISC wasn't that much lower last year?I can certainly see this as a highly-leveraged play on the gold price, if you think gold is going to keep rising in the medium term.

[homebrewruss] 15/11/2019 18:43

Cyber, AISC is a function of production levels here so it should come down as they ramp up production