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
  -0.0075 -1.23% 0.60 1,000,000 16:35:01
Bid Price Offer Price High Price Low Price Open Price
0.57 0.63 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 14
Last Trade Time Trade Type Trade Size Trade Price Currency
15:08:47 O 1,000,000 0.56986 GBX

Altyn (ALTN) Latest News

Altyn News

Date Time Source Headline
11/12/201911:02UKREGAltyn Plc Bond Issue
09/12/201912:07UKREGAltyn PLC Second Price Monitoring Extn
09/12/201912:02UKREGAltyn PLC Price Monitoring Extension
04/12/201917:26ALNCAltyn in Share Placing To Raise USD10 Million To Fund Capital Expenditure
04/12/201915:49ALNCFAlliance News Flash Headline
04/12/201915:24UKREGAltyn Plc Funding Update
19/11/201916:41UKREGAltyn PLC Second Price Monitoring Extn
19/11/201916:36UKREGAltyn PLC Price Monitoring Extension
29/10/201911:15UKREGAltyn Plc Issue of new shares - Replacement
28/10/201907:00UKREGAltyn Plc Issue of new shares
More Altyn News
Altyn Takeover Rumours

Altyn (ALTN) Discussions and Chat

Altyn Forums and Chat

Date Time Title Posts
22/1/202013:41ALTYN -was Goldbridges 1,892
21/1/202022:09Altyn plc gold in Kazakhstan457

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Altyn (ALTN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-01-22 15:08:490.571,000,0005,698.60O
View all Altyn trades in real-time

Altyn (ALTN) Top Chat Posts

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 0.61p.
Altyn Plc has a 4 week average price of 0.52p and a 12 week average price of 0.42p.
The 1 year high share price is 0.90p while the 1 year low share price is currently 0.30p.
There are currently 2,334,342,130 shares in issue and the average daily traded volume is 998,274 shares. The market capitalisation of Altyn Plc is £14,006,052.78.
brasso3: The next significant share price movement will be news driven. Its just a waiting game from here.
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
jc2706: Indeed. If the market had faith in the management and believed in the production outlook the share price would be 10 times or more this level. The assets compare very favourably with many other UK listed gold miners.
jc2706: I believe that the company have been clear about the finance required and what will be done with it. It was just so long ago that most have forgotten! But based on the communication of funding ($17m bank loan and $10m bond issuance) they are not far off the amount required to move the production levels towards 100k oz. Perhaps the rest can be sourced from internal cash flows which should improve dramatically at current gold prices and improved production levels. The company could do a lot more with communication to improve the share price. The fact that they don't suggests that they don't currently care other than to ensure that there is no dilution.
jc2706: EUA has risen on the back of the prospect that an asset will be sold at a substantial premium to the value implied in the share price. AIM is not a great market for valuing assets so it is not unusual to see this. However, for me there is too much unknown about this process. But I still don't see what the connection is with ALTN apart from fact that people keep dragging it in! I have zero interest in EUA.
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!
brasso3: JC When considering potential future placings I look back at the managements previous actions. The recent form suggest they are not interested in raising funds at these low prices IMO. If the share price spikes to 1.5p+ then why not raise a few quid and support the share price at a higher level like your GGP example.
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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