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ALTN Altyngold Plc

200.00
0.00 (0.00%)
11 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Altyngold Plc LSE:ALTN London Ordinary Share GB00BMH19X50 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 200.00 192.00 208.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 64.43M 11.34M 0.4148 5.01 54.67M
Altyngold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker ALTN. The last closing price for Altyngold was 200p. Over the last year, Altyngold shares have traded in a share price range of 80.50p to 278.00p.

Altyngold currently has 27,332,934 shares in issue. The market capitalisation of Altyngold is £54.67 million. Altyngold has a price to earnings ratio (PE ratio) of 5.01.

Altyngold Share Discussion Threads

Showing 16176 to 16199 of 16200 messages
Chat Pages: 648  647  646  645  644  643  642  641  640  639  638  637  Older
DateSubjectAuthorDiscuss
10/12/2024
19:36
It's the same very small group of American bankers that pay the politicians to regulate them.
excellance
10/12/2024
17:57
Thanks PP, though I don’t find the FCA’s surveillance as very convincing. They pretty much dismissed the debanking issue, since when the political dimension of debanking has been widely exposed in the US. I’ve no reason for believing that the US and UK authorities act entirely independently from each other. In general, there’s plenty of evidence that the two countries coordinate regulation.
tim000
10/12/2024
17:50
It is a known fact that all institutions great and small play both sides of the book, and they get away with it by justifying their positions on different time frames. Was it MS who famously told their clients to sell gold while buying it themselves?
excellance
10/12/2024
16:50
I think stop losses are known to MMs as well as spread betting companies. So there are profits to be made by forcing the price down temporarily; MMs pick up stock cheaply should they be short. Spread bettors are meant to make profits from margins, ie they buy stock from MMs if their clients go long. But I’m sure some spread betting companies don’t do that and take the risk on their own book. As a large mkt participant dealing in illiquid stocks, they can easily manipulate the market prices. Some of you might remember Burford launched a case in the courts against the short specialist muddy waters, claiming they were manipulating the Burford share price downward. But they lost the case. The regulator doesn’t seem to care in the slightest about price manipulation by hedge funds etc.
tim000
10/12/2024
16:38
Imv MMs can cease trading either because they have an unbalanced book or because they expect news and rapid price changes, and don’t want to be exposed to heavy one-sided trading. I guess the same is true of spread betting companies. The two types of business are not a million miles apart.
tim000
10/12/2024
16:32
Thank you so if I'm understanding this right, there could be some of the market skewed to move down as others sell forcing a downwards spiral, presumably until positions are cleared out then the situation could reverse. Getting involved there seems a bit like playing blackjack in a casino....if you start winning they'll kick you out at best.....
researchcentre123
10/12/2024
16:30
On another matter, does anyone know of a site which shows the *volume* of gold traded? The classic Kitco site shows the price chart, but (unlike advfn for shares) doesn't show the volume of gold contracts traded, or any technicals. Thanks.
cyberbub
10/12/2024
16:15
In normal trading, if MMs aren't allowing buys it usually indicates heavy buying pressure. If IG isn't allowing buys does it mean the same?
cyberbub
10/12/2024
15:44
£ gold price currently over £2,100/oz, within 3% of the record. Whereas KZT/£ just 1% from its record low, and about 20% weaker than during 2024 H1.
tim000
10/12/2024
15:32
A long time ago I indulged in spread betting via IG, and I thought they were very dodgy, seemingly betting against their customers as PP explains. Whether or not they actually did I don’t know. But the fact that a high proportion of retail customers lose money suggests there is price manipulation by somebody.
tim000
10/12/2024
15:31
Tim. Answer is I don’t know but presume that if it’s closing trades only they won’t open a new open position,

Probably needs someone au fait with spread betting to give definitive answer

pensionplanner
10/12/2024
15:28
Existing positions can be exited, new long bets not allowed. So if a stop loss is hit and you’re closed out, you can’t replace the bet with a new long position. Hence subject to price manipulation risk. Don’t know if PP is saying new short positions are also not possible.
tim000
10/12/2024
15:15
Some positive news gold is currently $2712
busterhogdog
10/12/2024
14:50
Can you clarify what closing-only means in Altn's context?

I don't know much about SBs,, like you I've always given them a wide berth.

cyberbub
10/12/2024
14:26
I've just opened a demo IG and Altyn is there, closing deals only.

So basically anyone on spreads from higher will either be stopped out, and if so can't replace their position as its closing deals only.

Likewise companies/organisations etc. if the price is hit prior to news of increased production capacity, its a license to print money.

Altyn also appears for CFD's.

So when an share price drops, it may stop out both, and of course that cascades and is reflected in a greater drop in sp, almost creating its own momentum down.

It can occur the other way, but you'll note its closing positions only.

Then you have rollovers

I wouldn't touch leveraged 'betting' with a bargepole. Its like playing poker with someone who has unlimited funds, can effectively sell into the market creating a self fulfilling prophecy that can save that company a fortune at the expense of those betting.

pensionplanner
10/12/2024
13:57
How does someone benefit out of driving the share price down? I wasn't aware of any short selling in this share but perhaps it's possible?
researchcentre123
10/12/2024
11:23
Those two 5k equals 20k
busterhogdog
10/12/2024
11:22
Tiny sells of 5k each
busterhogdog
10/12/2024
11:13
Has the hallmarks of share price being driven down. Difficult for any on spreads, opportunity for others
pensionplanner
10/12/2024
10:48
Tiny sells again. The 2x 1000 trades look like a rollover.
cyberbub
10/12/2024
10:41
Looks like another round of selling has begun.
busterhogdog
09/12/2024
16:33
I am sure the PR side is not lost on them. They must be making sure the expansion has been properly bedded down so they can shout about the production profile.

What we know is they are making good money at the current gold price.....RNS cannot be far away IMHO.

Various commentators are commenting about how seriously undervalued producing gold companies are....and the bid price disappearing on the stock exchange....goldies surely will make a comeback given the gold price strength.

goldrush
09/12/2024
14:44
Gold doing well so far today at least... And a couple of small buys at full offer... Touch wood, sigh...
cyberbub
09/12/2024
10:53
Probably a mole will escape with some good news Hopefully from the mine .
busterhogdog
Chat Pages: 648  647  646  645  644  643  642  641  640  639  638  637  Older

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