Altyngold Share Discussion Threads

[golden prospect] 22/4/2024 11:58

PP, dominant shareholder say below 50% may be a safeguard, but near to 70% is a greater risk of game-over for the small shareholder as they could go for calling all the shots. In this sense ALTN is somewhat of a Curate's egg, a marmite investment. It's obviously a comfort to see the recent project expansion has been debt funded, but the end game seems unclear. Is it a Polymetal style exit or are we to go like Kemin and be a scrambled egg ? In the interim, one hopes we see dividend payments sooner rather than later.

[pensionplanner] 22/4/2024 11:04

As much as majority shareholders may be considered a problem, its also a safeguard. Should any bidder arrive, they would have to have an agreed bid which would likely be higher than a hostile ifere there were a lot more shares in the market that could provide a hostile with a good percentage.

[louie2010] 22/4/2024 09:31

Excellence has bought another 7 shares tight ass

[researchcentre123] 22/4/2024 08:24

Maybe but I don't think at these share price levels in fact they've made every effort not to dilute for which I personally applaud the management

[excellance] 22/4/2024 07:02

I think it is inevitable that dilution happens at a point where the majority holders want to mitigate some risk in exchange for necessary direct funding which will be hugely beneficial to all holders.

[researchcentre123] 22/4/2024 06:46

I think the majority shareholder problem is not a problem for the majority shareholder. Do you honestly want them to dilute your shareholdings? That's their saving grace - that they haven't done that. Develop the mine then a trade sale is probably the best way.

[excellance] 21/4/2024 23:47

I have said on numerous occasions that the solution to the majority shareholding problem is simply to dilute, and assuming TS gets the go ahead then that would be an ideal opportunity to dilute, however, I also think that TS is a large acreage for little Altyn to undertake by itself, so maybe some kind of corporate activity will address a few issues on one go?

[louie2010] 21/4/2024 23:35

Your guessing try looking into some tea leaves is better option. I reckon there keeping it as why go to so much trouble when all cards are stacked in their favour. They got a plan and it's to make money one of the directors is a boffin in economics so obviously knows what makes lots of money.Just hope putin keeps his nose out is worse case scenario.

[leopoldalcox] 21/4/2024 16:48

To reduce the majority shareholder issue, rather than JV, one option would be to raise capital to fund TS. Not great as the company is very undervalued, but then perhaps the most obvious way to remedy that would be to dilute them out. And that dilution will always be at a discount due to the risk it is intended to fix

[golden prospect] 20/4/2024 18:39

excellance, you mention risk on two factors but overlook the third one - dominant shareholder near 70%. For many the third factor will prevent serious money being committed and on this basis fund allocation is very speculative imo. but makes for interesting risk vs reward.

[louie2010] 20/4/2024 15:08

I read share price should be 10 x what it is now so next update hopefully should be good and trading at 3quid by end of summer at least and next year 10quid and no one will buy this as to risky with Russia close by .

[excellance] 19/4/2024 18:33

We need TS to be viable to mitigate single asset risk. Then there's single country risk to ponder.

[dofmeister] 19/4/2024 18:24

Little sniff from a major wouldn't hurt, doubt they would sell for much less than £10 ......

[researchcentre123] 19/4/2024 15:38

Doesn't really make a difference, the management are in it for the long term so doubt they'll be taking any bids now - I am sure like you they realise a little work will 5x the value.....

[king suarez] 19/4/2024 14:27

Surely we want any bid to be later down the line, once at increased production and a higher share price so we can get better value!?

[dofmeister] 19/4/2024 13:58

I've suggested to Polymetal they make a bid......

[researchcentre123] 19/4/2024 13:22

I've written to them about it

[trader465] 19/4/2024 13:17

When are we expecting financials for 2023?

[trader465] 19/4/2024 13:17

Why isn’t the news here not posted as RNS on ADVFN?

[chrisdgb] 19/4/2024 08:59

Nice, sensible, measured rally going on here.........

[pensionplanner] 19/4/2024 08:58

Sad that humans that have the nearest genetic match to each other, still want to kill each other. So much similarity yet so far apart in humanity.

[excellance] 19/4/2024 08:07

Israel attacked Iran Iraq and Syria last night, gold should get another leg up as we await the response.

[dofmeister] 17/4/2024 20:16

Average grade 2022 2.17 gt, 2023 2.08, last Q 2023 2.32, so on whatever metric your too light.......

[excellance] 17/4/2024 17:51

They are blending in some stock piles, presumably of lower grade material, so I think 2g per tonne is a reasonable expectation for this period.

Obviously the mine has to now prove itself but expectation leaves a massive margin to be exploited, conservatively I'm hoping for a three bagger from here, then add TS...

[king suarez] 17/4/2024 16:44

"Grades should be 2.3 gt and more...!!"

We hope, but let's be prudent until proven? :)