Altyngold Share Discussion Threads

[excellance] 28/7/2021 12:53

Even in China liquidity is tightening... Https://www.ft.com/content/f518122a-e07a-4aba-87b4-1c13bde5f162 China has hoarded trillions of dollars pounds and euros over decades, and historically has used that cash to buy natural resources overseas.

[excellance] 28/7/2021 12:35

The valuations of many small cap explorers or miners is alarmingly sickly at the moment and I think it has something to do with the poor availability of investment capital from banks. With Altyngold we are currently cashflow positive but we know we are looking for funding for phase two. The banks, despite vast QE money flooding in, appear to be holding onto the cash and are reluctant to lend it out it seems. I know in the EU the ECB has instructed banks to not report the poor state of debt repayments from customers in fear of spooking the markets. Banks must protect their cash reserves or go bust. This is obviously great news for gold, but not so great for businesses requiring funding. The only option open to many is convertible loan notes... Look at Horizonte HZM, waiting 7 months for funding, excuses after excuses. Look at Rambler RMM waiting 2 months to close a loan and covering it with a CLN from Riverfort.

[onedayrodders] 28/7/2021 12:28

Incredibly gold minors are in the doldrums despite gold at $1800Can only assume the market believes there is more risk to the downside short / medium termAnd have to admit we keep banging our head at levels rather than move swiftly through

[cyberbub] 28/7/2021 12:13

Well an LSE main market listing has done absolutely nothing for the company, so maybe something is needed to jolt it to a fair value.

[excellance] 28/7/2021 10:35

Any evidence of that?

[stockknobjockeyvanbookstino] 27/7/2021 20:37

Dual listing on TSX is my bet

[excellance] 27/7/2021 12:52

St ledger day this year is on 9/11 or 11/9 in the UK. 11 September.

[excellance] 27/7/2021 12:42

The gold standard was deemed to be restrictive to growth, but in reality it was restrictive to spending money they didn't have. The solution was to remove the gold standard and employ a fractional reserve system, and funding for the military industrial complex gravy train could continue in perpetuity. The sixties space race and Vietnam war were just too expensive and unsustainable with the restraints of the gold standard. We've had a magic money tree ever since.

[onedayrodders] 27/7/2021 12:08

Incredible US debt per person .. hTTps://kingworldnews.com/this-is-catastrophic-and-there-will-be-a-terrible-price-to-pay/ Interesting the rise coincides with 1971 when Nixon removed the gold standard an effectively the link to sounds money. They've really fkd it up since

[cool hand kev] 27/7/2021 11:31

I’m looking forward to St. Leger Day

[1madmarky] 27/7/2021 07:54

Yeah that's the one... zzz

[onedayrodders] 27/7/2021 07:46

Selling has been the order of the day since end of April .... and they have been proved right and left us 'holding the babies' right across AIM.Very painfulNow what was that saying ... "Sell in May"

[1madmarky] 27/7/2021 07:12

It would possibly go up IF peeps stop selling. Great all in cost, great potential resource, just need to wait to see if the company realise that potential

[cool hand kev] 26/7/2021 14:59

About as accurate as the broker 250 - 310 target

[onedayrodders] 25/7/2021 09:23

They must be about to dump their position then

[stockknobjockeyvanbookstino] 25/7/2021 08:33

For what it's worth, Goldman just predicted gold moving rapidly to $2000.

[stockknobjockeyvanbookstino] 25/7/2021 08:32

Renaissance Capital forecast of fair value share price at $1760 long term gold is £4.73 and at $1930 £6.23. That's with nothing in for Teren Sai.

[novicetrade68] 25/7/2021 00:00

New money markets are probably still a few years away, so no immediate fears for a fund raise as they already have $10m+ on the books. Based on their new production numbers it is going to take, a year/1.5 years to pay off so they may well stick to a production profile of 25k-30k for the foreseeable future imo, knowing Altn's history that could be quite likely and probably a good decision. Ramping up phase 2 has only started in earnest given the start of some initial infill drilling as per the RNS a few months back, so before it starts climbing towards 50k is going to take a while, but needless to say a £1.20 share price based on double production numbers seems like a good bargain atm, the share price once hit nearly £3 when production was between 10k-15k.

[excellance] 24/7/2021 22:42

They've commissioned Renaissance because they will enter the money markets to raise capital. They will only be taken private if the markets fail to deliver funding at a reasonable cost. Exciting times ahead...

[cool hand kev] 24/7/2021 22:40

Was that RNSed? But it probably doesn’t make much difference

[stockknobjockeyvanbookstino] 24/7/2021 12:10

Also just listed on Kazakh exchange.

[cyberbub] 24/7/2021 10:03

Certainly a possibility PP. The question would be why didn't they do that 18 months ago when the share price was 50p. And why have they been appointing brokers and commissioning broker notes, and appointing corporate action specialists onto the BOD.

[pensionplanner] 23/7/2021 15:52

My concern as ever is if its taken private at what appears to be manipulated share price that seems so low compared with other companies, many of whom can only dream of even producing.