Share Name Share Symbol Market Type Share ISIN Share Description
Altyn Plc LSE:ALTN London Ordinary Share GB00B015PT76 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.70 647,943 16:29:32
Bid Price Offer Price High Price Low Price Open Price
0.60 0.80 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 15.19 -3.11 -0.13 18
Last Trade Time Trade Type Trade Size Trade Price Currency
14:50:06 O 35,210 0.6201 GBX

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Date Time Title Posts
01/4/202023:44ALTYN -was Goldbridges 2,097
01/4/202010:04Altyn plc gold in Kazakhstan1,017

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Altyn Daily Update: Altyn Plc is listed in the Mining sector of the London Stock Exchange with ticker ALTN. The last closing price for Altyn was 0.70p.
Altyn Plc has a 4 week average price of 0.54p and a 12 week average price of 0.54p.
The 1 year high share price is 0.90p while the 1 year low share price is currently 0.30p.
There are currently 2,568,834,400 shares in issue and the average daily traded volume is 1,494,178 shares. The market capitalisation of Altyn Plc is £17,981,840.80.
highly geared: Excellence, in the macro market for gold, they either make it work or they are bought out. The assets are phenomenal. All the stuff around 70% family ownership and playing the long game is ‘noise’. They bought this to make money, they couldn’t for the last 7 years due to a declining/ bear market in gold. We now have what presents a once in a generation gold bull market as fiat debt takes its course. The family have invested $tens of millions and need about 3.25p to break even. The rapidly rising gold price has enabled c. $27 million of capex investment to address production improvements and mine development. The share price either responds to production improvements or a big player offers £250 million for the assets. It’s now or never and the long game is upon us.
gregpeck7: It doesn't work here bras so. I've bottom drawers my shares. It's a stupid share price but we just have to let the lemmings .finally arrive.
jc2706: I ought to state that I am in neither SOLG nor GGP. GGP has come out with some great intercepts but they are deep for Australia and the grade needs to be high there for underground operations. But the market cap. is very high for a company with no declared resource. As was SOLG at one time and the result has been a share price that has gone nowhere for years (and technically doesn't look that great now). From my perspective I will not be investing in either of them as I see much better prospects on the market currently - ALTN has WAY more potential for share price growth than either. Let's hope that it realises that potential. I am keeping my eye on SOLG though as I think the very long term story is compelling considering the likely supply/demand situation for copper in the future.
highly geared: I know where some way off but with the RESERVES that Altn has, they could produce at 200,000oz a year for nearly 20 years! Whilst producing at that , enough new Reserves could be developed to repeat that number. That shows you the size and value of their assets and why, in the current and predicted gold price environment, the share price is ludicrously undervalued , IF they can improve the production profile.
highly geared: There’s been a bit posted around risk with regard to 70% held by the family and taking it private. They’ve had c. 6 years to take it private , they haven’t. Why would they take it private now... they won’t. The tradable 30% means a small free float. Any sustainable buying means a rapid share price increase with corresponding market cap. ALTN then becomes far more valuable for the families 70% stake. A much higher price may permit some percentage reduction in exchange for institutional investors to come on board via a placing of the family stock. The listing no doubt has assisted with the bond financing. I see the listing as the quickest way for the family to realise value through the small liquidity of the free float.
sclper: Move up in share price was long overdue. Hopefully the start of a big re-rate. It would be nice to see an update from the company which could really make the share price surge
chipperfrd: So far the family (AR) have personally funded c. US$75m of Altyn. Based on the current issued shares they would need a share price of c. 2.34p to just break even. Realistically, they would likely be better served by finally getting ALTN up to the targeted 100koz pa from Seki and then drawing 70% of dividends over a LoM of 20-30+ years. Clearly TS is likely to be an even bigger project and will require significant pre-production CAPEX to move it into production from multiple open pits. So likely it will demand a slice of the Seki free cash flow if organic self-funding is going to be the way forward. In this scenario Seki has to be the cash cow that both funds TS and also rewards AR through dividend payments. I doubt that the London share price has much of a direct bearing on all this as I doubt AR will be too interested in selling down their stake. Chip
jc2706: Agreed with all of that roguetreader. It wouldn't be a turnaround story if there wasn't something to turnaround. Just to input in some of the discussion recently: SOLG 20 times the grade as here? I would love to see where this resource is as it is certainly not one I am familiar with at SOLG which is noted for bulk low grade resource. Can somebody point me to this resource? And please, not a rock chip sample! The management at AAZ are perceived to be great now but when the share price was 5 or 6p the comments on the bulletin boards were very much not in agreement with this. It is amazing what a difference a share price increase causes. As for the statement that ALTN is "up to the neck" in debt I think that you might want to look around at some other miners. $17m is very little and if the production reports start indicating that the money is being effectively utilised then the market capitalisation will increase greatly at which point I suspect that people will be saying how low the debt is! It is amazing what a difference an increase in the share price can make to the perception of a company!
jc2706: I have followed GGP for many years. It was an absolute dog for most of those (well, what do you expect with Andrew Bell as Chairman?) but then was effectively taken over by MTR and an associated group of investors. The share price was well supported at this point by buying from this group and the price went to a ridiculous overvaluation (if you understand the tactics of this group it will be clear as to how this occurred). It has to be said that Gervaise Heddle has actually done a pretty good job there and carved out a company from what was effectively a bunch of poor assets by leveraging the high share price to get away fund raisings and buying plots in areas that are the current vogue exploration targets (Pilbara region). They have struck very good intercepts but very deep so it will be interesting to see whether these can be made to work economically in Australia. There is potential in GGP now but the share price reflects a lot of this currently and I suspect that ALTN has more gold now at its assets than GGP will ever have if Teren-Sai comes through as hoped.
tim000: I think one of the triggers for the recent rise in pog is the perceived outlook for US interest rates, which are no longer expected to increase but rather to be reduced over the rest of 2019 and in 2020. Lower interest rates are good for gold as they reduce the opportunity cost of holding a non-interest bearing asset. There is little doubt that the global economy is slowing, and interest rates across the West will be easing over the next year or so. That will result in further asset price inflation and more debt expansion. While personally not a "gold bug", gold does currently look to be a safe-haven asset and I agree with researchanalyst that its price is probably heading upward. Furthermore, Brexit on 31st October is likely to be associated with a decline in £ against the $, thereby increasing the £ price of gold, and hence the £ profits of gold producers such as ALTN. So I'm expecting a strong recovery in the ALTN share price over the rest of 2019.
Altyn share price data is direct from the London Stock Exchange
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