Altyngold Share Discussion Threads

[excellance] 24/7/2019 15:56

We are still struggling to break out from the long term down trend, but break out we will...or go bust!

The current price of gold, and medium term future prospect for ths pog are supportive in the sector. We know altn need a lot of cash to develop their assets into a viable money spinner but in the meantime can increase revenues with relatively small investment, ie the recent digger and dumper truck.

The cash must be gushing in by now!

[excellance] 24/7/2019 15:13

Or maybe not...lol

[wanobi] 24/7/2019 14:13

took another 500K today GLA Cheers Wan :-)

[tim000] 24/7/2019 12:23

Yes indeed, the NAV estimates at current gold prices are amazing. I suspect this is a coiled spring and some good news could see this do a RRE!

[roguetreader] 24/7/2019 12:15

The original CPR was published November 2014 as part of the Goldbridges prospectus document. Well worth a view for those who haven't read it and are interested in the detail. To my knowledge it has not been updated since or at least if it has it has not been published.

[excellance] 24/7/2019 12:11

This is defo due a move higher by end of this week.

8)

[excellance] 24/7/2019 11:48

Due a significant step up.

[wrighty46] 24/7/2019 08:21

They certainly keep everything close to their chests here. Skimming back through some research and I dont know what sort of timescales we're looking at but we are also awaiting CPR/ maybe jorc updates I believe.

[roguetreader] 23/7/2019 15:53

It will be nearest working day

[roguetreader] 23/7/2019 13:13

Interims due on the 31/08 - until then the only thing that is likely to drive the share price is the gold price. News update would be nice, but then that has been true for the last 4 -5 years; but outside of mandatory updates, news is like hens teeth here.

[chrisdgb] 23/7/2019 09:54

Nice to see the buys still chugging through, must be getting tight here for a pop upwards...........

[tim000] 22/7/2019 08:41

In each AR the company publishes detailed projections of the ore blocks it plans to mine in the coming year. In the AR17 plans the company targeted over 12k ounces from the high-grade ore blocks 3-8. For whatever reason these ore blocks were left untouched in 2018, and they were transferred to the 2019 mining plans. Assuming the company has accurate grade samples, and that these blocks are mined in line with plans, the grade uplift should be of the order of 25% this year, implying a 25% production uplift even before the effect of increased throughput. The H1 results are going to be very interesting, and potentially a defining moment for the company's future.

[tim000] 19/7/2019 12:57

There’a a long list of factors that are having a dramatic impact on the profitability of the company. Most of them are certain and don’t need confirmation in the form of the company reporting its results. Apart from the gold price there is the depreciating Tenge (which reduces all domestic operating costs expressed in dollars); the recently purchased equipment that will significantly increase throughput; and the reduction in overhead costs this year. It is also likely (but not yet certain) that mined ore grades are going to be higher this year. The company has stated it expects to finalise a new bank loan in Q3. It can be inferred that the company is going to report significantly improved financials for H1 at the end of August, and at the same time it may well announce the new bank loan.

[wrighty46] 19/7/2019 11:15

I'm pretty convinced that someone is quietly taking a chunk of stock here now. Some maybe bed and isa but there is usually a tiny difference in trade price if that is the case. With gold still over $1400 this must be having a massive effect on the financials here. Still no reply to any of my emails. I will continue to send just 1 or 2 a week. GLA

[excellance] 18/7/2019 17:25

Ooh, nice little tick up at close.

[excellance] 18/7/2019 12:05

Getting ready for breakout...

[tim000] 17/7/2019 16:01

You’re right it’s under the radar. It needs to publish positive results and a positive outlook to change that I think. But no share fails to respond to good news.

[wrighty46] 17/7/2019 16:00

I know there are a few large investors waiting on the sidelines for it to eventually turn. I've been buying over the last month and only found it because it began with A after researching gold producers in a search. If it had been a p or something. I wouldn't be here yet. But seriously this one has definitely got alot of catching up to do. Resource is proven, production is on the up costs are well under control and gold is doing well for now.GLA

[excellance] 17/7/2019 15:40

This share price has had a long term down trend, yet even with the increased gold price and delivery of equipment that should double production the share price hasn't broken out yet.

It should have!

Does anyone even know about this compamy?

[excellance] 17/7/2019 15:30

Lol
😁

[wrighty46] 17/7/2019 10:18

That's the same thing. Forgive me its early still. GLA

[wrighty46] 17/7/2019 10:17

Not 1/2p I mean 0.05p. I

[wrighty46] 17/7/2019 10:08

Yup agree nice tight spread for now. Better not having these 1/2p spikes all the time with ridiculous spreads.GLA

[chrisdgb] 17/7/2019 09:46

Small beer I know but nice to see the shares quietly ticking higher here...let us hope the incredibly strong outlook for gold helps the financing discussions............