Altyngold Share Discussion Threads

[grimreaper2019] 26/1/2021 12:42

The more retail buyers the faster the overhang clears - Level 2 continues to strengthen.

[brasso3] 26/1/2021 12:30

The chart is looking very attractive. The probability of a sharp move up looks on.

[grimreaper2019] 26/1/2021 11:54

Price is strengthening behind the scenes, they are happy to take size and want a premium for a 10,000+ shares. There will not be a 'overhang cleared' sign over the stock when it happens, investors have to make their own calls on this aspect therefore. It must be getting closer.

[dr know] 26/1/2021 09:53

No, just an ordinary punter averaging down at what is hopefully the bottom.

[bsg] 26/1/2021 09:39

Is there a Mr 10k coming to the party?

[grimreaper2019] 26/1/2021 09:38

Can't see this sitting around at current levels for much longer, an update is due in March, the overhang must be closing out, added a few last week. The major shareholder is in at 2.55p a share !

[goldenshread] 25/1/2021 23:17

Unfortunately Freedom Finance did not provide a TR1 to the market when their shares were issued, it seems they have ignored the reporting 'rules' as such they have not declared their selling down every 1% stake as some entities do. The reporting rules are quite complex and vary depending on many factors, maybe Freedom have not actually broken any rules at all, it is open to conjecture. Having completed extensive research I see no other explanation for the share price fall from £2 other than a significant overhang, there is nothing out there to suggest anything is materially wrong with operations or production, on the contrary, careful reading of the last few RNS statements provide a quite upbeat commentary. I think the litmus test will come in February, assuming there is no gold price shock I maintain the share price will bounce as the overhang clears. I do not see Rowe as the seller as his stock (2.8%) would have been absorbed by now based on the traded volumes since October.

[excellance] 25/1/2021 21:56

If youre saying that Rowe immediately bought the FF shares then proceeded to dispose of them, I'm not sure the facts back that up, but if he did then he would have had to pay FF a small premium at least, maybe 10%, so he is unlikely to sell the remainder under that price, but we are above that in any case. Nice deal for him tho if true. I'm not sure it matters exactly who does what, we know FF won't hold, will disperse, and the share price won't rise until the overhang is gone. I think it is probably gone now, or if not it can't be far off.

[onedayrodders] 25/1/2021 21:35

are we speculating something nasty instead of positive now ?

[tightfist] 25/1/2021 21:21

I am always wary if someone parks themselves just under the reporting threshold as Joshua did on 22 October......

[tightfist] 25/1/2021 21:17

Another interesting possibility......

[excellance] 25/1/2021 21:14

If the shares are in the hands of the broker who is working an orderly disposal from day one, no need for a holdings rns surely?

[chrisdgb] 25/1/2021 20:06

Still can’t work this one out at the moment.....

[goldenshread] 25/1/2021 16:22

More evidence today that Freedom Finance are selling down, so far 3 x £5000 sells, the traders will wait for a clear demonstration they are out by looking for the share price to reverse. Those 'believers' who consider their selling to be a great opportunity should establish the largest gains when there is a recovery in the price if they buy currently IMO. Can well understand why the company do not want to issue much by way of news, lets face it every man and his dog knew a finance house were never going to invest long term into a gold mine, their selling was predictable. Give it a month and it could well be a different story entirely.

[excellance] 25/1/2021 12:10

Were we not promised drilling results many months ago, and they've not been released?

[michaelfenton] 24/1/2021 15:59

I would not care to guess what is happening in the background but it would appear something is brewing? And yes some positive news would be great. I am hanging in there for now but do not appreciate the spread/

[excellance] 24/1/2021 15:25

A little positive news will see the overhang cleared.

[broken_arrow1] 24/1/2021 12:57

Some very sensible posting on this bulletin board, looking at the chart it does look like this has found a base level. One wonders how many will want to buy in ahead of the overhang clearing, it could clear sooner than many think I suspect.

[onedayrodders] 23/1/2021 14:19

Hi all .. some weekend researching if anyone is interested. Phoenix Copper (PXC) 40p should be about to announce their long awaited PEA on their IDAHO Copper,Gold,Silver Empire Mine license. In addition, plenty of hints about drill assays from separate Gold interest license "Navarre Creek" now coming back too. Hope is the news will make a mockery of the 25m Mkt Cap CFO previously commented Navarre Creek could be a company maker on it's own. This guy was with Oxus Gold through it's spectacular rise before being stolen by the government. So he should know IMHO Looks well set for a good few weeks news flow GLA

[onedayrodders] 23/1/2021 11:36

Goldenshred ..hopefully and equally if not more important, it will coincide with a positive production report. A nice leg up in Gold would put the icing on the cake too.

[stockknobjockeyvanbookstino] 23/1/2021 11:26

Good news will put this well over 2p before your brain can instruct your finger to hit the BUY button.

[goldenshread] 23/1/2021 09:52

Have continued to research ALTN, I fully believe the poor share price performance is a result of Freedom Finance disposing of their holding onto the market in a orderly fashion. According to Yahoo Finance 2.4m shares have been traded since Freedom were issued their 1.54m shares, the interesting aspect is that volume has increased significantly since those shares were issued on 6th October, this implies the selling started soon after, I believe they may have circa 300k-400k to go. My view remains that Freedom will be out some time in February and this largish overhang will be gone. It seems someone is happy accumulating the stock coming onto the market beyond a few retail investors at current levels. I have decided to add over the next 2-3 weeks as I expect to see a strong bounce when the overhang clears, this will coincide with the next update in early March. In my considered opinion I think entry in this environment could deliver a near 50%-100% gain on a technical basis alone.

[excellance] 22/1/2021 22:45

No idea what that is, but it's very common with this share. I'm lead to believe it is algo market testing but I'm not convinced.