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
  0.01 2.07% 0.492 3,325,388 16:35:27
Bid Price Offer Price High Price Low Price Open Price
0.464 0.52 0.482 0.45 0.482
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 15.19 -3.11 -0.13 11
Last Trade Time Trade Type Trade Size Trade Price Currency
15:23:45 O 3,746 0.4668 GBX

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Date Time Title Posts
06/12/201919:42ALTYN -was Goldbridges 1,597
02/12/201918:29Altyn plc gold in Kazakhstan417

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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 0.48p.
Altyn Plc has a 4 week average price of 0.45p and a 12 week average price of 0.43p.
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 12,515,506 shares. The market capitalisation of Altyn Plc is £11,484,963.28.
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.
observer007: Have bought in recently, worth noting this was trading at 1.6p last year when the gold price was far lower. The seller gives the small investor the chance to get in at rock bottom levels, the free float is small which means the share price moves fast on thin volume. The seller could be near the end, would explain the recent up move.
broken_arrow1: It strikes me that the share price is currently being controlled by the market makers until the seller is out, seen it before, the stake is probably changing hands at an agreed price. Before anyone suggests they would do it in a block trade this rarely happens on AIM as the market makers and brokers + other associated cronies like to make their cut on the transaction. It happened a few years ago with BMN, when Obtala dumped their holding, stock was taken down hard but re-bounded when the deal was complete. This period is usually a good time to acquire more stock or buy in as a new investor, more evidence, when retail buy/sells move the price disproportionally whilst the said transaction is going on.
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.
thecoyone: ALTN looks cheap Was fortunate enough to spot TSG around 42p whilst this is no TSG (no dividend) it does look undervalued and has not responded to the strong gold price rise. I note they sold their gold at an average of $1292oz last year, it is now $1530oz, on current production (15,000oz) would add $3.3m to revenues. All things considered this extra $3.3m in revenue + the possibility of increased production moving forward will make them cash-flow positive & throwing off decent cash. In a nutshell there is nothing in the share price to account for the increased gold price nor the possibility on higher production moving forward. The free float is tiny, 75% held by the major shareholder, a similar situation to TSG. Looks far too cheap, m/cap only circa £13m
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.
Altyn share price data is direct from the London Stock Exchange
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