User Notice: The old Support number is no longer in use. To reach Support please call +44 (0) 203 8794 460

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
  0.008 1.81% 0.45 8,802,604 12:30:56
Bid Price Offer Price High Price Low Price Open Price
0.45 0.46 0.45 0.45 0.45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 15.19 -3.11 -0.13 11.0
Last Trade Time Trade Type Trade Size Trade Price Currency
12:30:39 AT 500,000 0.45 GBX

Altyn (ALTN) Latest News

More Altyn News
Altyn Takeover Rumours

Altyn (ALTN) Share Charts

1 Year Altyn Chart

1 Year Altyn Chart

1 Month Altyn Chart

1 Month Altyn Chart

Intraday Altyn Chart

Intraday Altyn Chart

Altyn (ALTN) Discussions and Chat

Altyn Forums and Chat

Date Time Title Posts
16/7/201905:45ALTYN -was Goldbridges 437
26/6/201916:22Altyn plc gold in Kazakhstan-

Add a New Thread

Altyn (ALTN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
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 0.44p.
Altyn Plc has a 4 week average price of 0.35p and a 12 week average price of 0.30p.
The 1 year high share price is 1.10p 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 12,373,310 shares. The market capitalisation of Altyn Plc is £10,504,539.59.
buster2006: R.N.S. A update is it snowing on MARS ! Great News at last maybe the share price will go up now . G.L.A.
tim000: None I'm afraid. There could be many reasons for him leaving, only a few of which would be cause for concern. I prefer there to be an English person on the board of UK-listed foreign enterprises, let's see who replaces him. In any case, should the business go private, I can't see it being at anything other than a premium to the current share price.
tim000: The current pog measured in KZT is 25% above the 2018 average. By contrast, the ALTN management has budgeted for the KZT pog to be fairly flat this year, and has planned accordingly (ie reduced overheads etc to remain cashflow positive). If the price of one's product rises 25% with no offsetting increase in the cost-base of the business, one can imagine how transformational that is. As I've said before, it only requires the business to broadly achieve its stated targets for this year for its profits and share price to rise substantially.
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.
tim000: As a one-time HMB shareholder I've been following ALTN for many years, and purchased a few million shares this week. Lots of good reasons have already been highlighted here why ALTN looks cheap. I'm going to highlight a few more, based on the operational side. First, the KAZ Tenge has depreciated 10% against the US $ in 2019 H1 relative to the 2018 average. That is going to reduce the $ value of the (local currency) cost of sales and G&A by about $2.25 mn pa. Second, the $9.7 mn debt conversion into equity last year should reduce finance costs. Third, the company believes grades are going to increase this year. Notwithstanding the recent investment in new equipment, if it can repeat the grades achieved in 2017 and the tonnage mined in 2018, it should be able to produce circa 17500 ozs in 2019 as a whole, compared with 15k ozs last year (with upside given the new equipment). Fourth, average gold prices in 2019 H1 have risen 3% over the 2018 average and currently are 11% higher. My best guess is that the company will have been profitable in 2019 H1, following substantial losses in 2018. If that is the case, there are further grounds to believe the share price is due a substantial rerating, even at current gold prices.
jerrypike: Yes indeed I agree with all the above posts,I have picked up a few best price being.34.I am expecting news next week re the hopefully increased production as the new equipment will have been in place for nearly a month by then.I am saying this because there SHOULD be an AGM statement.I am planning to be there for the AGM next week. Any positive news will I believe greatly enhance the share price-if there is in my opinion you wont see .35-40 again.(HOPEFULLY)
researchanalyst1: MARKET ANOMALY... London-listed Altyn has suffered a rare capitulation over the past 23 months. Selling cascaded to extremes as stop losses were sequentially triggered, battering this junior gold producer to exceedingly low levels. While very challenging psychologically, capitulations are super-bullish. They rapidly exhaust all near-term selling potential, leaving stocks wildly oversold and undervalued which, in turn, ushers in major new uplegs. The word capitulation means ‘the act of surrendering or giving up’. That’s exactly what happened in this extraordinary selling event; investors simply bolted for the exits. Exceptionally-bearish investor sentiment hit the Kazakhstan-focussed gold miner following the abysmal final results in April 2017 that saw a near 30% drop in gold production, rising debt levels, and funding concerns as resources were switched to develop the second decline and infrastructure in order to access the high grade underground ore at its Sekisovskoye gold and silver mine. That sentiment, nevertheless, appears to have finally petered out with the share price hitting an all-time low of 45p last week only to bounce off strongly and close at 57p. There’s a good reason for this: the extensive bear run on the stock has exhausted all near-term selling potential, leaving the stock wildly oversold and undervalued and which, in turn, presented – and still does – an extraordinary investment opportunity. So, what’s the deal with Altyn – today – and how does this stack-up when benchmarked against its peers and their respective valuations? Well, Altyn’s 100% owned Sekisovskoye underground gold mine boasts a JORC Indicated and Inferred Mineral Resource of 5.14 million ounces of gold. In addition, a further 3.30 million ounces of gold have been identified as an exploration result below the -800masl. While these will require further exploration and drilling to be potentially upgraded to Mineral Resource, this result does highlight the staggering potential for a larger mineral resource. And assuming that this potential were realised, Sekisovskoye would contain in excess of 8 million ounces of gold! But here’s the real kicker… Applying a discount rate of 7% and a gold price of US$1290, the Net Present Value (after tax) of Sekisovskoye is estimated at circa $314 million (£241m with an IRR of 65%), courtesy of Venmyn Deloitte. Additional financial modelling, since the CPR report was released in 2014, has since confirmed the mine as being viable at much lower gold prices. And this compelling story continues unabated as you delve deep into the numbers. Annual turnover is projected at between £17m and £20m, EBITDA is on track to beat analysts’ forecasts of £2.9m ($3.8m), gold recovery is running at an impressive 83.65%, £7.4m of historical debt has been converted into equity at 5x the current prevailing price (0.57p per share), cost of production is nudging $880, annual gold production is expected to brush against the psychological 20,000-ounce mark, current debt is sitting comfortably at £9.2m, whilst cash and cash equivalents are a tad over £1.5m ($2m). Also, news on additional funding, to materially increase production at Sekisovskoye, is now due imminently. More importantly though – and you’ll probably need to sit up for this one – the highly secretive, but enormously wealthy, Assaubayev family, with a material net worth of $514million (Novaya Gazeta KZ 2017) and a 69.76% stake (via African Resources Ltd) in Altyn, are rumoured to be mulling a bid to take the business private following the unprecedented bear run on the stock. Now, to do that successfully – and this purely speculative – they could make a firm offer of 2p in cash per ordinary share for the entire issued share capital of Altyn not already held by African Resources (30.24% or 776,465,060 shares). This would require the Assaubayevs to stump up £15.5m – absolute peanuts – and would value Altyn at £51.3m. So, for £15.5m, the price tag placed on Marusya Assaubayev’s ostentatious birthday bash at Mayfair’s Four Seasons in 2017, where the family took possession of the entire building for three days (Egemen Qazaqstan), the Assaubayev family will secure a gold mine worth a quarter of a billion pounds – and significantly more if you throw in the additional 3.3m ounces of gold yet to be proved up! Admittedly, they would take on the company’s paltry debt alongside the £15.5m but why wouldn’t they do it? These oligarch-type deals (acquiring spectacular assets at fire-sale prices) are what the Assaubayevs live for. It’s hardwired in them. After all, how do you think they amassed that fortune? The nineteenth-century American poet, James Whitcomb Riley, once opined that, if it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck. To this end, I’m convinced a management buyout is in the offing. Now, for those of you who are not convinced, how’s this for an additional compelling reason to invest in Altyn: Greatland Gold (GGP) has no revenues, no gold production, no JORC resources, no feasibility or scoping studies, debt of £1.4m, cash of £3.75m, and a market cap of £55m! Altyn, on the other hand, generated £17m in annual revenues, produced 17,000 ounces of gold, has JORC resources of 5.14 million ounces of gold, has a NPV of £241m, debt of £9.2m, cash of £1.5m, and is currently sporting a market cap of £13.23m (57p)! Yes, feel free to bark the unsavoury but apt remark, “What the ….!” Seriously? The undervaluation defies imagination. Meanwhile, gold is gearing up for another big bull run. Central Banks across Asia and Europe are buying-up gold like it’s going out of fashion. The World Gold Council says it hasn’t seen anything like this since 1967. And maybe it is. Gary Goldberg, head honcho of Newmont Goldcorp, the world's largest gold-mining company, believes ‘peak gold’ has already been achieved and that the world’s most productive mines are fully depleted: “There’s only so much gold in the world, and we’ve already mined most of it.” Indeed, South African gold production, for example, has fallen from over 1,000 tons in the early 1970s to around 160 tons today. There isn't currently a single South African gold mine among the world’s top 20 gold producers when, in years past, they dominated the sphere. Furthermore, the pipeline of new gold mines has been dwindling for more than a decade. Just three primary gold deposits have been discovered since 2014 while 37 were discovered in 1987 alone. And it will only continue getting worse from here on out. But regardless of all that, and if you haven’t already worked it out, Altyn is profoundly mispriced at 0.57p, and is the reason why house broker VSA Capital has a 3.5p price target for the stock. Thus, contrarians willing to deploy capital, when few others will, stand to benefit considerably from this extraordinary market anomaly. .
jc2706: Well, this is positive news for once (actually, any news from Altyn is rare so positive news is akin to hen's teeth. Any increase in production here has the potential to flow through strongly to profits. You also get the impression that the remainder of the funding may well come through on the back of the major holder digging deep once more. Fingers crossed for a new impetus behind the share price.
jc2706: This continues to look technically very poor. However, whilst the share price gets hammered through lack of funding, the operation is actually pretty undervalued even without it. If the company mines at a rate of 30-35k tonnes per month (rather than the 25k tonnes achieved in H1) then there will be a material uplift in production. Add in the fact that they are targeting a zone with 20% better grades than achieved in H1 and H2 production should comfortably exceed H1. Considering that H1 was profitable and significantly cash generative even at these low levels of production and the market capitalisation looks more and more attractive. On the flip side, it needs to be given the ownership structure so it may well continue in its downtrend until such time as transformational news lands (funding or takeover seem most likely options).
its a worry: I thought the ocaissional reports seemed fairly positive , but the share price is a complete failure . . been in since Hambledons , no point in selling now . . . just kind of waiting for it to crash and burn . . so way beyond frustration . . don't really get it , because if the reports are true , then they are making progress . . reckon its a bunch of cowboys digging for gold , keeping share holders happy is not exactly a top priority . . lol . .
Altyn share price data is direct from the London Stock Exchange
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20190716 12:12:11