ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

ALTN Altyngold Plc

203.00
8.50 (4.37%)
03 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
  8.50 4.37% 203.00 194.00 212.00 194.00 194.00 194.00 2,951 16:35:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 64.43M 11.34M 0.4148 4.68 53.16M
Altyngold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker ALTN. The last closing price for Altyngold was 194.50p. 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 £53.16 million. Altyngold has a price to earnings ratio (PE ratio) of 4.68.

Altyngold Share Discussion Threads

Showing 16126 to 16148 of 16150 messages
Chat Pages: 646  645  644  643  642  641  640  639  638  637  636  635  Older
DateSubjectAuthorDiscuss
03/12/2024
16:57
If you really get into charting, there are numerous support levels between here and 150p. Fibonacci anyone?
goldandgrey
03/12/2024
16:06
I'll be much happier when we see the news and no longer have to speculate.
excellance
03/12/2024
15:12
Yes, yet news soon. You would be forgiven for perhaps thinking someone wants some cheapies with a license to make money. These shares are not always that easy to come by in significant numbers
pensionplanner
03/12/2024
14:19
The chart now looks quite weak, like it could test support at 150p
excellance
03/12/2024
11:24
Indeed, the increase was evident in the 2023 figures disaggregated in the AR. But cash costs per oz were still kept close to $1000/oz. They run a tight ship!
tim000
03/12/2024
11:23
Spread closed up 193 /196
busterhogdog
03/12/2024
10:24
They already had the 7.5% MET in 2023 from 1 Jan (management commented on this being part of the increase in AISC) so it is not new for 2024. They have recently changed the MET for Uranium, but so far Gold remains at 7.5%.
king suarez
03/12/2024
10:03
The prospect of a dividend may be set back by the increase in tax to pay. Plus, a 50% increase in tax isn't exactly a deft touch.
excellance
03/12/2024
09:45
Prefer McD myself, off there again for lunch today! It looks like the KZT may be about 15-20% lower against the $ in 2025 than for ALTN’s interim results for H1 2024. Could reduce cash costs by a few $million next year?
tim000
03/12/2024
09:38
We all have our reasons for selling I guess. I remember in 2022 after I had invested there was a big seller who liquidated his position and the price dropped a chunk - such low liquidity it'll happen until the development completes, dividends start and a new type of investor gets interested. But at current price, doesn't make a lot of sense to sell to me. Better to buy then bring a bargain bucket of KFC to the next AGM where we can all enjoy it with Louie. Louie, you can bring the apple pie and ice cream if you like.
researchcentre123
03/12/2024
08:36
If Jerry's telling the truth then hopefully that source of sells is now finished.
cyberbub
03/12/2024
08:30
Chances are the sell is from Jerry's tranche, rather than multiple sellers, but where there's always a cascade affect on any holding spreads, which is just what those companies love.

The MET is hardly a surprise, so not concerned at all.

pensionplanner
03/12/2024
08:12
Time to buy some more
busterhogdog
03/12/2024
08:08
Limits seems to have opened up today, I can both sell and buy a lot more than normal...
cyberbub
03/12/2024
08:07
What point are you making with your chart, Papillon, from a non-chartist perspective?
cyberbub
03/12/2024
06:55
Good time to start buying if share price continues to fall lots of small buys could pay once shares start uptrend. We need RR to throw a KFC bargain bucket party .
louie2010
03/12/2024
01:28
free stock charts from uk.advfn.com
papillon
02/12/2024
22:16
KS, thanks. I hadn’t seen 7.5% but obviously that makes sense. cyberbub, I think the chart is probably the best explanation of why people are taking profits. Hoping for a speedy RNS on commissioning to reverse the current trend.
tim000
02/12/2024
22:06
Let's hope seller has run out of shares. Ridiculous valuation of company based on last year earnings puts us back to around pound a share.
louie2010
02/12/2024
22:06
Whoever is selling must be desperate, to sell a producing and expanding miner on a forward p/e of well under 2?Unless they know something we don't? Sigh.
cyberbub
02/12/2024
21:40
Everything I have read says the MET is going to 7.5% for gold?

I can't find anything more specific about the exemption for new mines either.

The MET appears to be based on the value of ore extracted (with allowance for losses - so presumably based on average recovery rate?) rather than ore sold as it is in most countries! Bit weird, though could be good in a rising price environment if you sell it for more than it was valued when dug up?!

king suarez
02/12/2024
21:15
Yes KS, that’s the doc I’d read. The final couple of lines state there are conditions to exemption, though I’d guess these were not prohibitive. I haven’t found any doc though that explains in detail how the MET is levied. (The latest rate for gold miners I believe is 8%, up from 5% in 2022. The reference to a 50% increase in the rate is not exactly consistent with these numbers, but is not far off.)
tim000
02/12/2024
20:39
I believe Altyn’s Minerals Extraction Tax (MET) rate is 8% of revenues, so about $7-8mn this year. (I recall one poster believes the tax is levied on ore mined, not necessarily processed, so the current accumulation of inventories of ore for the new plant accrues tax, although as it’s not processed I don’t know how the liability can be assessed.)

But I’ve read that new mines are exempt from MET for 5 years from the date extraction starts. Does anyone know if this is correct? If so it provides an extra incentive to get TS into production when gold prices are high.

tim000
Chat Pages: 646  645  644  643  642  641  640  639  638  637  636  635  Older