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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
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 224.00 | 11:17:34 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 224.00 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 12/11/2024 09:20 by tim000 Yes, more time and more inclination to do IR. They’ll want to build the business asap in a high gold price world. Capital to do so should be a combination of FCF, bank debt, bonds and equity. So now is the time the Directors will start to prioritise IR. Incidentally, many investors are buying developers because the share prices are “cheap”. That makes no sense to me. New gold mines take years of drilling, regulatory approval and costly construction (esp if underground). At a time when the cost of capital is very high for small caps. It’s a good reason to buy gold miners precisely because supply is so constrained. By contrast, a producing miner can either self-finance or access external capital more cheaply, and clear regulatory barriers more quickly. Business development will be far cheaper, quicker and far more profitable. And less risky too. This is another reason why ALTN is cheap - all the gold investors I know personally prefer stocks like BMV and KEFI and aren’t invested in ALTN. Makes absolutely no sense to me. |
Posted at 08/11/2024 23:08 by researchcentre123 Here's a thought. Putin invades Ukraine. Altn goes down as there is war. Trump gets elected threatening the bringing of peace....Altn goes down. Not sure there's much real logic to any of it other than a few people selling as they dont like uncertainty, but isn't the future always uncertain? |
Posted at 06/11/2024 08:04 by tightfist Spike; Both ALTN and SRB are conviction holdings for me. Both have plenty of upside potential with pretty sound growth plans IMHO; SRB has a rapidly growing pile of net cash, ALTN has vast resources. It's the jurisdictions, shareholder structure and liquidity that marks the key differences IMHO. SRB is a lot more communicative - that's not difficult...... |
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 24/10/2024 08:21 by mold breaker Yes dividends down the road would be nice, and I get the reasons why, but it’s not a factor in why we are all invested here!!! If/when dividends do come to fruition then it may attract certain type of investors who only invest in dividend paying shares. |
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 23/10/2024 18:19 by tim000 Fair point! I guess we all have different perceptions of reasonableness. If one’s willing to buy and hold, I think that, like a tech stock, there is scope for continuous growth. One just has to accept there will be quite a lot of price volatility along the way. My preference is that by April 2026 the company introduces a dividend policy and allocates profits both to capex and dividends. Growth projects can keep them busy for at least the next decade. No doubt many would prefer a dividend next year, but the current strategy has seen a substantial rerating of the stock based on future expansion. |
Posted at 14/9/2024 08:48 by tim000 You asked for a “tic” PP so I have obliged, for such a jolly good ramp! Long term price targets for a growing business make no sense really, in the fullness of time any target will be exceeded. Long term hold is very sensible. One can easily foresee an amazing dividend yield from purchases at recent levels, once all the assets are being driven hard. |
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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