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
  -0.045 -2.02% 2.18 8,009,077 16:35:23
Bid Price Offer Price High Price Low Price Open Price
2.01 2.35 2.34 2.11 2.11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 11.24 -0.79 -0.04 56
Last Trade Time Trade Type Trade Size Trade Price Currency
16:23:32 O 453,543 2.2075 GBX

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Date Time Title Posts
13/7/202000:39Altyn plc gold in Kazakhstan2,970
11/7/202010:54ALTYN -was Goldbridges 2,157

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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 2.23p.
Altyn Plc has a 4 week average price of 1.60p and a 12 week average price of 0.76p.
The 1 year high share price is 2.35p while the 1 year low share price is currently 0.41p.
There are currently 2,568,834,400 shares in issue and the average daily traded volume is 5,191,420 shares. The market capitalisation of Altyn Plc is £56,000,589.92.
brasso3: Its about keeping an orderly market and ensuring that the share price does not come crashing back down. Pull backs are a good thing for a rising share price.
highly geared: If production continues to improve and 50-75k oz annualised is achieved during Q3-4 , with the huge reserves and resources , I find it hard not to justify a £200 million market cap. So , any serious conversations ( with myself) will not occur until the share price is in double figures. The bigger and longer term picture is the leverage of the gold price on both production revenues and asset value. With confetti money printing , it’s not impossible to consider gold at say $3000 by 2022. Assuming say 100k oz production, the profit leverage v, current gold price is c.£100 million! As for asset value, then multiples of that. So , the over riding factor with Altyn will be the price of gold. If gold does reach $3000 and Altyn do what he hope , then this will be a £1 billion market cap company or c. 20x the current share price. Put another way, if Altyn do what they set out to, I think £200 million should be a market cap floor if gold remains ‘ range bound at $1500_$1750 and production is improved to 100k oz. But the potential upside is eye watering, especially if you’ve bought big when nobody else was interested. Buying now for anything between 4-20x upside seems a good move ...
homebrewruss: Here's the full article, nothing new for anyone here: 'Previously updating on Kazakhstan-focused gold company Altyn (ALTN) last month with the shares rising above 1p, we noted emphasises “significant production increase”, still a buy. Now from the company a “Production and financing update” – and the shares currently up to 1.60p on the back of it... In terms of production, the update includes “an annualised monthly run rate of ~600kt/year being achieved in April and May, which is more than a 60% growth based on the run rate quarter on quarter. Gold recovery grades are also improving and exceeding the budgeted targets for the period”. In terms of financing, it notes “Astana Stock Exchange bond issue, the company has so far raised USD 3.2 million out of USD 10 million maximum… is issuing stock options to the sole manager JSC Freedom Finance for 154,028,981 shares upon full placement by the end of June”. There are currently 2,579,264,330 issued shares here, giving a market cap of £41.3 million (currently approx. $52.6 million), whilst the above follows 3,380 ounces of gold poured in the first quarter and even 20,000 ounces of annual production at a margin of even $500 per ounce equates to $10 million. We’ve previously noted balance sheet liabilities but also “further equipment is scheduled to be delivered in Q320 which will further strengthen our fleet and solidify the current positive dynamics in terms of higher production and reduced grade dilution”. As such, at around current share price levels and targeting a return to a 3p+ share price, still a buy.'
tim000: OT. The 0.66p conversion price has been repriced in the latest debt restructuring. It's now a 10% discount to the share price approx at the time the creditor informs EQT they want to convert the debt. But there is a catch! They can't convert the debt as it takes them above a 30% holding ceiling, which is not allowed by the Irish Takeover Code. So conversion will only occur if there is an equity raise which the creditor doesn't participate in or, more likely, a takeover by a third party. So while there are lots of warrants unexercised, most will only get issued once there is a takeover. It's true EQT has little turnover currently, but they have a ginormous prospective order book. If the orders come off, especially the Billingham project, the share price will double or more in the ensuing auction, hence the current momentum.
highly geared: If you think that, based on the CPR asset reserves and resources, attributing just 10% of the current NPV gets us to c. £160 million market cap, 4x current share price or around 6.25p. On a production measure, in isolation, if we achieve c.30,000 oz in 2020 ( based on known production improvements), this should generate c. £15 million EBIT which, on a PE of 8, gives us £120 million market cap or 3x current share price of 4.65p. The above is without any ‘froth’ or market mania ( which will easily triple the above figures). In my opinion, if you believe in where the gold price is likely to be over the next 2-3 years , it’s no time to be top slicing. I fully expect a double figure share price within 2 years...
highly geared: The most telling thing about the change in PR is that it increases the expectation of the Board to deliver. This would infer they have confidence in their plans, otherwise why change the news black out of recent years. An alternative scenario is they see a good news-flow as a way of attracting wider market potential to encourage retail buyers and get the share price up. Should there be suitors , any negotiations start at a much higher price rather than some low ball offer from a depressed share price. I really like how this is shaping up...
excellance: oddly i've just been discussing the "contrarian" view with my son. We've just had a big fall on the major indexes, and everything is half price, and those that invested into their company pension index fund have just had a severe hair cut, but there are opportunities out there if you have a longer term view. If we look at the oil and energy sector for example, many companies are now over a barrel with lower revenues than forecast from low oil prices, dividends have been cut, and some companies won't have enough revenue to cover the huge debt repayments on loans to develop the oil fields, so share values have dropped across the board, many will need refinancing, some will go bust, and we won't really have visibility on that for a while yet. The sector is therefore out of favour, but we all know that recessions don't last forever, and the oil and energy market will find balance, so the trick is to find an oiler or two that have had their share price decimated, but in fact are still well funded, still profitable even in this environment, and will endure where others fail and come out of this unscathed. Same is true of most other sectors, like industrial metals where i have some small holdings in HZM and RMM. This is what i'm looking at this weekend and probably for another week or two, because when/if Eurasia resume trading, and when/if there is news of a potential sale of their assets, then maybe (i really hope so) i'll have a lot of cash to find a home for. Some will undoubtedly be heading into ALTN but it would be reckless to put it all here, so i need to formulate a plan, consider the options. If disaster strikes and EUA don't resume trading and are de-listed, or do resume trading but there's no deal talks ongoing, then i'm happy with my current holdings which would make ALTN my single biggest "live" investment by a long way with no reason to change anything any time soon. exciting times ahead...
stonefold: The last time a service provider asked to be paid with shares 28-10-2019 the share price for issue was 0.5780 pence. Now seven months later the share price is higher. So a service provider can see that it is sometimes worth holding onto shares for a while. If they are aware of the long term growth potential of Altyn, it is likely that they will only sell when they need the cash.
excellance: Not sure the advfn chart has any credibility regarding ALTN share prices.
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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