Share Name Share Symbol Market Type Share ISIN Share Description
Altyn Plc LSE:ALTN London Ordinary Share GB00BMH19X50 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  2.85 2.0% 145.375 30,189 16:35:27
Bid Price Offer Price High Price Low Price Open Price
141.75 149.00 143.05 135.00 143.05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 11.24 -0.79 -0.04 40
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:15 O 2 141.75 GBX

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Date Time Title Posts
27/11/202017:57Altyn plc gold in Kazakhstan4,989
23/11/202014:07Altyn Gold Plc - gold production in Kazakhstan1
04/9/202007:50ALTYN -was Goldbridges 2,168

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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 142.53p.
Altyn Plc has a 4 week average price of 135p and a 12 week average price of 130.50p.
The 1 year high share price is 314p while the 1 year low share price is currently 42.20p.
There are currently 27,332,934 shares in issue and the average daily traded volume is 480,026 shares. The market capitalisation of Altyn Plc is £39,735,252.80.
harrisun: you might hear of $1650 paper gold, or feasibly $1000 paper gold, but all that is is PAPER. For years governments in the West have conspired to keep the price of gold down, as Gordon Brown amply demonstrated by telegraphing an intention to sell tonnes of gold in advance....result it dropped the price of gold and no seller would go out of their way to do what he did if they wanted the best price. Now even if this pandemic is brought under control, it won't dissolve the massive currency spend of nations who have had printing presses working 24/7 on fiat money. This and quantitive easing or DEVALUATION as it really is, will push up prices eventually, and forcibly conspiring to keep interest rates low just to service massive amounts of debt won't work forever, not with all the devaluation. The cost of mining gold and other resources then has to rise, so the idea of prices much lower than the cost of mining seems strange. Even with the move to renewables, energy prices won't drop, even if politicians constantly spot that rubbish especially on the BBC! Electricity prices rise inexorably, and renewables especially as many of them were guaranteed 48p per KW index linked for 25 years. Even on current consumer prices of around 16.4997p per kWhh, you imagine changing an average size 24kw gas boiler to electricity. 24 x16.5p per hour or around £4 an hour! Gold price suppression is even documented: "Eddie George spoke to Nicholas J. Morrell (CEO of Lonmin Plc) after the Washington Agreement gold price explosion in Sept/Oct 1999. Mr. George said "We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K."
observer007: Cannot fully understand the somewhat negative commentaries here, surely the share price fall simply reflects the fall in the gold price, ALTN chart is no different to many producers. Get a decent move up in the gold price I am quite sure ALTN will bounce hard.
excellance: This just needs a little time, to reset, and rebuild confidence. I think we are all a little anxious because of the events of this year. The yacht thing, the share price drop, the recent weakness of gold, the Consolidation, and on the ground there was the mill downtime, and the vague rns about tailings ponds to prevent interruption in the future which some took to mean we've had such interruptions this year, and now we have delayed Q3 report... So confidence is low, and the share price performance is a reflection of confidence. Now the company need to rebuild that confidence with straight talk and solid results on the ground.
king suarez: By what logic would that affect the strength of any share movement? The percentage of free float is what matters IMO, not the total number of shares held. If a share re-rates to double market cap (for example) that previously had billions of shares in issue it just means people are buying 10s thousands of shares now at a time, instead of tens of millions of shares for the same value following consolidation? Key is how many/% share holders are willing to give up their shares to the market/buyers at any particular bid price. If no-one wants to sell then MMs have to raise the price to attract sellers - this happens whether there is one share or 1 trillion shares held in sticky hands. ALTN rose plenty fast enough pre-consolidation and will do again if buying appetite returns at the same rate. If ALTN were actually purchasing and cancelling shares in free float with cash to reduce the no. of shares in issue, that would be a different story - as it would affect liquidity and % free float. When I'm buying shares in a company I don't care whether I'm buying a million shares or 10 shares, I care about what those shares represent i.e: 1) How much cash I am putting down 2) What the market cap of the company is
excellance: I wonder why the Q3 numbers haven't been reported? I'm sure they want these corporate actions out of the way, trading up and running, then release the (good?) news. I do think that the consolidation was done to pave the way for further corporate actions to fund phase two development in a year or two, and I think that the company will want a much higher share price by then. The "new" spread appears to favour buyers mostly, tho the share price generally has struggled. Will we need to see stronger gold prices before the ALTN share price moves decisively higher, or will improving financials do ths trick?
sloppyg: Placement most likely reason imo to take advantage of main market listing and get some institutions on the register. They cannot get a placement away at the current share price and i suspect even the owners themselves are getting bored of the snails pace development of the assets. The question is when will it happen and at what price. I am hoping we will have a series of positive updates (starting with Q3) to drive some share price action post consolidation as otherwise we are open to the sub £1 (in new money) placement possibility.
onedayrodders: Altyn Plc ("Altyn" or the "Company") Finalisation of share consolidation and change of name As described in the circular issued by the Company on 23 October 2020, and following the approval of the relevant resolution by shareholders of the Company in the General Meeting held on 20 November 2020, the issued share capital of the Company, being 2,733,293,311 ordinary shares of GBP0.001 each at the date of this announcement, will be consolidated on the basis of 100 ordinary shares of GBP0.001 each for one new ordinary share of GBP0.10 with a new ISIN of GB00BMH19X50 ("New Ordinary Shares") (the "Consolidation"). The Consolidation will result in the 2,733,293,400 ordinary shares of GBP0.10 each being consolidated into 27,332,934 New Ordinary Shares with effect from 20 November 2020. Any fractional entitlements arising on the Consolidation will be aggregated and sold in the market for the best price reasonably obtainable and the net proceeds will retained by the Company as advised in the circular. The figure of 27,332,934 may be used by shareholders and others as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the share capital of the Company under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules, on completion of the consolidation. An application has been, or will be made for the New Ordinary Shares, which will have the same rights and will be subject to the same restrictions as ordinary shares in issue prior to the Consolidation, to be admitted to the Official List of the United Kingdom Listing Authority, to trading on the London Stock Exchange's Main Market for listed securities ("Admission"). It is expected that the Admission will occur on 23 November 2020. For shareholders, those holding shares in CREST on the record date of 20 November 2020 will have their CREST accounts credited with the New Ordinary Shares on 23 November 2020. New share certificates will be issued to non-CREST shareholders in substitution for their existing share certificates. All existing share certificates will be invalid and will be cancelled and new share certificates will be dispatched to those shareholders who hold their shares in certificated form on the record date of 20 November 2020. The dates and times for the Consolidation are set out below: Last day to trade in the existing ordinary shares on 20 November 2020 the LSE Record date in the UK for the Consolidation and the 20 November 2020 disablement of the existing ISIN (6.00 p.m.) Trading in the New Ordinary Shares under the new ISIN 23 November 2020 on the LSE commences New Ordinary Shares credited within CREST 23 November 2020 Share certificates dispatched From 23 November 2020 The resolution in relation to the change of name was passed at the General meeting on 20 November 2020, shareholders will be updated as the formalities of the name change are finalised.
excellance: Gold is showing some backbone today, so I wonder if the ALTN share price will too?
excellance: Possibly too early to say but maybe the ALTN share price is about to bounce? It certainly feels more solid down here, opportunists like myself taking a chance...
linz22: Machiavellian, indeed, this untimely yacht tragedy (tragic for the iconic yacht, that is..). But, is it really true that the fire and sinking of the Lady MM correlates with the recent fall in the ALTN share price? The date on the video attached to the report is 25th August, whereas the ALTYN share price came off its highs quite some time before that, and could be said to have started 'to fall' from around 12th / 13th August, ie. over a week before the yacht fire. Am I missing something here? Has the seemingly mysterious sinking of the super yacht really spooked the market into dumping ALTN en masse, and perpetuating a plummeting SP, or is this just an uncanny coincidence and a 'godsend' of a buying opportunity..? Time will tell, as always, but inherent value will always out, if it's there...
Altyn share price data is direct from the London Stock Exchange
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