Altyngold Share Discussion Threads

[highly geared] 07/1/2020 16:51

How much will a major pay for 3.5million oz reserves + JORC potential of 10 million + oz in a multi year gold bull environment...?

[littlepuppi7] 07/1/2020 16:22

I keep saying this on lse. People are obsessed with production but the gold in the ground is a substantial dollar asset that is increasing in value all the time. Regardless of whether they extract it.

[highly geared] 07/1/2020 16:19

Just a reminder on potential valuation scenarios:

The CPR’s on the 2 assets at lower gold prices valued them at c. £380 million NPV10.

If you value the reserves at say £75/oz ‘ in the ground ‘ that’s £225 million.

If you look at a production path to 100k oz/year and compare to AAZ @ c £165 million market cap (AAZ has substantially lower reserves). HGM at c 300k/oz = £650 million market cap.

Whichever way you cut it Altyn is undervalued. EV currently c. £40 million. I’d suggest fair value currently based on production improvement and reserves = £100 million.

[littlepuppi7] 07/1/2020 16:15

Gold pushing through 1570 as well...

[littlepuppi7] 07/1/2020 16:14

Yes and holding gains. No resistance either... when 0.7 goes I think we will stop significantly higher...

[brasso3] 07/1/2020 16:02

Looks like its broken out of the long term wedge pattern on the line chart. Right at the top of the wedge on the candlesticks.

[iamgreat1] 07/1/2020 16:00

RAmpers hard at work here Do not touch this dog

[cyberbub] 07/1/2020 14:41

The 450k was a further buy of mine. Now holding 4.5M.Good luck all.

[littlepuppi7] 07/1/2020 14:12

Agree.. Very strong demand, very few avaliable onlinenow.

[sclper] 07/1/2020 13:06

Will be trading above 1p soon.

[iamgreat1] 07/1/2020 13:05

Donkey share for donkey investors like GREGPECK7 and little pipi

[littlepuppi7] 07/1/2020 12:53

It's worth multiples of this with no news. Gold price is doing the work here as well. Must be the best investment for 2020 right here at these levels.

[onedayrodders] 07/1/2020 12:38

Be nice for this to steadily surpass 1p before quality news

[littlepuppi7] 07/1/2020 12:35

Being cleared out now. 1p run is coming. Online now very few available.

[littlepuppi7] 07/1/2020 10:49

1 million shares left online....

[littlepuppi7] 07/1/2020 09:54

Very interesting.. ALTN holding nice and steady at the new level. Convinced this is just a temporary stop before 1p is finally tested.

[onedayrodders] 07/1/2020 08:58

hTTps://wallstreetonparade.com/2020/01/federal-reserve-admits-it-pumped-more-than-6-trillion-to-wall-street-in-recent-six-week-period/

[excellance] 06/1/2020 17:19

Actual spread is about. 62/.69 so doing OK

[littlepuppi7] 06/1/2020 15:05

Yes there is demand for the shares, only 3 MM cover the stock so the spread will never be amazing, but everyone is in the same boat. On the plus side, as soon as it moves, its usually a big move... I suspect a rest is being taken before this legs up into the 1p range.

[tightfist] 06/1/2020 14:10

A volume spike of 2 million reputedly went through at around 12:25 but it's not shown (yet?) within the ADVFN trades data..... the plot thickens!

[chipperfrd] 06/1/2020 13:57

The 200 trade was an 'AT' (automatic) ie through the order book and an AT always sets the price. Hence, given the wide spread and given the AT went through at the bid, the price drop.

[tightfist] 06/1/2020 13:56

Good advice - and turn off the screen?

[cl2201] 06/1/2020 13:26

As has been mentioned here before, the best method to see the 'true' story with regard to bid/offer prices is to check via your broker. Simply input a dummy buy/sell and that will give you what you're looking for. Ignore the share price published here - there are always strange goings-on, especially when it comes to tiny AT trades.

The current bid/offer, on a 1,000 GBP trade, (at time of writing) is: 0.63/0.70