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
  -0.0125 -2.13% 0.575 9,717,239 16:35:25
Bid Price Offer Price High Price Low Price Open Price
0.55 0.60 0.55 0.55 0.55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 15.19 -3.11 -0.13 13
Last Trade Time Trade Type Trade Size Trade Price Currency
16:24:54 O 1,000,000 0.55 GBX

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Date Time Title Posts
23/10/201915:51ALTYN -was Goldbridges 1,119
11/10/201911:50Altyn plc gold in Kazakhstan217

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Altyn (ALTN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-10-23 15:24:550.551,000,0005,500.00O
2019-10-23 15:22:310.55141,457780.14O
2019-10-23 14:42:100.58525,0003,039.75O
2019-10-23 14:35:150.553,600,00019,796.40O
2019-10-23 14:17:430.556,50035.85O
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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 0.59p.
Altyn Plc has a 4 week average price of 0.54p and a 12 week average price of 0.41p.
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 5,672,917 shares. The market capitalisation of Altyn Plc is £13,422,467.25.
homebrewruss: More good news but will it do anything for the share price? The level of company activity is encouraging though.
jc2706: I agree that the most significant share price moving news will be about how the funding is stimulating a real increase in production. However, focusing on the news today you cannot help but be impressed by the level of resources available at Sekisovskoye. The confidence level has increased for a large amount of gold and, generally speaking, valuation of reserves and measured resources are a lot higher than indicated and inferred resources (which are given very little value at all). Whilst the revised gold price has had an overall influence on the CPR, the company is clearly continuing to expand the resource base through drilling ("....the company..... is still aiming at increasing its resources base further.”) Add to this, we are about to get a CPR for Teren-Sai which has been suggested will be a similar sized deposit. This begs the question 'why?' The company has more than enough gold confirmed to keep production going at 100k oz for many years. It would support 200k oz for many years. The last thing it needs is more gold at this stage. Of course, Teren-Sai probably has certain exploration licence conditions which would require fulfillment. But Sekisovskoye doesn't require it. There are only two reasons that I can imagine would account for growing the resource base: 1. Greatly increased production levels (beyond 100k oz) 2. Asset sale Whilst the first is obvious I haven't given much consideration to the latter but for me the focus on increasing reserves and resources with greater confidence levels would suggest that the company wants to be ready for an asset sale.
highly geared: Most junior gold companies would ‘die’ for this resource base. Just need a plan and wherewithal to dig the stuff out of the ground at the rate of 100,000-200,000 oz/annum.. and for the share price to 10-20 bag in the process. The macro environment for buoyant gold price is there so no excuses not to make this happen...
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: In my opinion, ALTN is the most undervalued gold stock on the market. It has enormous gold reserves at its two sites, and at current gold prices is now starting to generate the cash needed to develop production and reach its longer-term target of producing 100k ozs pa, conservatively within the next 5 years. At that point the share price should be at least 10x its current level.
tim000: Wan, I look at companies in terms of their published accounts, and then try to forecast the current year based on what was achieved in the previous year, what targets have been announced and what has happened to the company's product prices, etc. This is a rather sterile way of analysing a company, and doesn't take account of the human factor etc - ultimately it is people that make companies successful and I don't know anything about the people working in and running ALTN. So the figures I concoct are never going to provide all the answers an investor needs. Having said that, I don't know of any company (outside of the blue-sky tech sector) that has as much potential to turn itself around than ALTN has. It's not too fanciful to see the share price being 10x its current level in 12-18 months, if the management achieve their plans and pog stays strong. And if the company then goes on to become a 100k oz per annum producer,....!
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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