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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Altyngold Plc | ALTN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -0.45% | 221.00 | 16:35:19 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 224.00 | 224.00 | 224.00 | 221.00 | 222.00 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 14/1/2025 10:38 by tim000 Rachel Reeves is working in our favour. Not impossible that we’ll see parity with the dollar sometime. Ideally when ALTN announces its maiden annual dividend of say 10c. |
Posted at 12/1/2025 12:54 by tim000 I don’t think 600p is nearly enough. AA said at the AGM he thought the company was worth 10x its then mkt cap, implying a share price of at least £10. He envisages ALTN becoming a billion-dollar company in the medium term, throwing off a great deal of cash. If they accepted a low ball offer now, in what could they invest that offered the same growth prospects? Anything they bought would be at a premium. If the family want to continue to build a business, ALTN is surely their best vehicle. TT has acquired majority stakes in two gold mining companies, but AA said at the AGM he knows nothing about mining and would be interested in combining with us. TT’s main business is listed on NASDAQ, clearly he values listings on western exchanges and Freedom Holdings has done incredibly well. So why not repeat the business model with Altyn? He can provide assets and capital, the Assaubayevs the mining expertise and premium UK listing. Given ten years, the sky is the limit - as was the case with Freedom Holdings. |
Posted at 19/12/2024 11:12 by king suarez On most metrics ALTN is better value than SRB.Higher mine life, lower AISC, similar production. What SRB has going for it is net cash vs net debt here with ALTN and, I don't know, is Brazil considered a lower risk jurisdiction than Kaz? |
Posted at 13/12/2024 09:15 by goldandgrey If they play this right, this has the potential to go considerably higher but, for me, it ultimately requires dividends to do so.From my experience, gold miners with below average PEs tend to remain below average as the sector rises. Hence, I would not think along the lines of 'at a PE of 20, this would be valued at xxxxx'. I have done this many times in the past and it has always failed. A dividend can make a significant difference as it is hard to argue the value of something that could potentially pay a 50% dividend! |
Posted at 11/12/2024 08:53 by palisz ok...Spread betting teach in.IG are one of the only major spread better who still allow trading in ALTN to my knowledge. CMC now have a minimum £150m mkt cap before they intro a new co. IG does not trade against customers positions, only when they have to buy or sell as a hedge. However, they do let customers trade on generous margin as low as 15%. If a customer runs out of margin for any reason ( ALTN or any other bad position in a customers portfolio) they are completely closed out. That is IG takes all the positions and literally sells asap. They do try to do so with best execution, but clearly can damage the price. They want to limit losses! They do not deliberately try to trigger close outs. The reason IG is not allowing new positions is because the stock is so difficult to trade and spreads are often so wide. It may also be because they have too much exposure, that is too many positions resulting in a notifiable position if they get longer. How do I know? I was part of a team who created cfd's in 1991 and IG was a client! Facts! |
Posted at 29/11/2024 13:48 by tim000 Indeed. The big tech companies didn’t (don’t?) pay dividends but they are still valued in the trillions. What someone is willing to pay will ultimately be based on cashflow from the business. If the cashflow is reinvested in growth rather than paid in dividends, the share will attract different types of buyer. But investing in growth should ultimately yield much higher returns to shareholders. Having said that, I’ve always been willing for the company to pay a small dividend that doesn’t hinder its growth. |
Posted at 06/11/2024 07:50 by spike501 SRB - Serabi gold? Market cap is about the same, not SRB three times higher. Altn has a net debt position as well while I believe SRB has net cash, so enterprise value is higher for ALTN.No arguments ALTN should be quite a bit higher still. We need the next updates. |
Posted at 23/10/2024 22:08 by redtrend Altyn Gold already have a Dividend Policy, jump to page 20 of the Sept 2021 presentation:hxxps://files.altyn. "25% of Free Cash Flow or 25% of Consolidated Net Profit, whichever is lower" Back then during the Q&A they forecast 1st dividend in 2025, subject to no Force Majeure or shocks in gold market. Since 2021 we've had minor delays to the LT expansion target, yet also now had positive impact of significantly elevated gold prices, outpacing the inflationary impacts to AISC. It would be good though to see any updates to the dividend policy plus updated estimated timeline (with any caveats they see fit) for a maiden dividend. |
Posted at 23/10/2024 18:46 by excellance Maybe they will roll out a dividend policy in a few years, or maybe they will grow grow grow for a decade by reinvesting all revenues lake many companies do.Once dividends are declared then the market values the shares on PE ratios compared to peers and factoring in future growth prospects. What dividend would support an share price of 270p...perhaps 15p? 15p would cost £4m pa which is easily affordable probably even now, but I expect they'll sort out capex requirement and finalise funding for TS before declaring any dividends. |
Posted at 29/8/2024 06:15 by redtrend And the only way to achieve that will be a demonstration of signficant increase in net profits and payment of sustainable dividends in line with their existing dividend policy. Capital growth and dividends are not mutually exclusive, particularly when paying out a maiden dividend.Paying a maiden dividend will provide Altyn with huge exposure to investors and great PR / marketing. I remember across the Caspian in Az when I was invested in AAZ, a dividend policy and consistent dividends propelled it from the lows of 10p region to well over £1. Admittedly there were myriad of reasons and debt concerns at its lows to explain AAZ languishing at that low level, but a dividend was part of the story of the shareholder friendly turnaround. There is no way Altyn would get close to such a market cap you describe without proper dividends to reward shareholders. Altyn in their Sept 2021 presentation stated their aim to pay a dividend in 2025. There's been 1Q-2Q of delays against their original plans, but minor in grand scheme and gold price will propel profits. In my opinion they should still be aiming for a 2025 dividend. |
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