Altyngold Share Discussion Threads

[78steve] 26/6/2020 22:33

5m oz reserves. how much of that can be dug out and at what cost and sale value.

[jc2706] 26/6/2020 22:15

Coming back on trend. Not sure anything today has altered that.

[highly geared] 26/6/2020 22:07

...and zero value for 5 million oz of reserves.?

[78steve] 26/6/2020 21:26

Heading back down to 1p to 1.5p level it seems. Perhaps the price had already gone too ahead of itself and so coming back down to right levels to reflect actual production and sales

[stockknobjockeyvanbookstino] 26/6/2020 18:46

Makes sense to do it Monday morning.....

[highly geared] 26/6/2020 17:40

WTF?! Crazy U/T.

[cyberbub] 26/6/2020 16:56

Sigh, a £1.20 trade takes the market cap down by £5M.... You couldn't make it up...

[red army] 26/6/2020 16:32

Shortly being the operative word.

[excellance] 26/6/2020 16:28

Gold heading for new ATH in gbp

[dofmeister] 26/6/2020 15:58

They say under the News section

[excellance] 26/6/2020 15:37

I wonder where it will be posted on the website?

[onedayrodders] 26/6/2020 14:56

thanks dof .. hopefully another exercise from the company to prove we are a serious outfit now

Looking forward particularly for steve to get his questions answered.

ODR

[dofmeister] 26/6/2020 14:00

Answers to questions raised at AGM should be available on website shortly.........

[outlawinvestor] 26/6/2020 13:38

Result of AGM

The Company is pleased to announce that all of the resolutions put forward at its Annual General Meeting held on 26 June 2020 were passed.

Answers to questions raised by shareholders will be available on the website altyn.uk under the news section shortly.

[jc2706] 26/6/2020 12:34

It depends on the cycle. Gold stocks do pay significant dividends during a bull so I would expect that to occur soon. There will be companies making significant amounts of cash at this gold level.

[tim000] 26/6/2020 10:46

Indeed. AAZ have net cash. It makes no sense to issue bonds @10% interest (I think that's about right?) to pay some of it in dividends. Having done a little research, I hadn't realised how stingy most of the large gold miners are - very few pay decent dividends. Clearly investors don't regard gold miners as income stocks, and prefer all surplus capital to be reinvested in growing output. Which I guess makes sense if you think gold prices are on an upward trend over time.

[king suarez] 26/6/2020 09:58

Yes, AAZ have a policy to pay c25% of free cash flow in dividends. Think ALTN will need all spare cash flow to finance the ambitious growth plans in the near term - I would rather they do that than more debt at high rates to finance a dividend at the moment.

[excellance] 26/6/2020 09:51

While I agree that small companies with growth potential should be investing into the future, the whole point of investing is to get a return or yield.

Are AAZ paying a dividend?

[tim000] 26/6/2020 08:28

I can't see any dividend for a long time, not that it matters. All available capital is being deployed to increase output and reserves.

[excellance] 26/6/2020 08:24

Why does advfn say the share price is 2.25p when Google says it's 1.95p?

Has there even been any trades yet?

[excellance] 25/6/2020 22:29

Imagine if they hint at a dividend!!

[excellance] 25/6/2020 22:29

I can't really see there being any improvement from our estimates of 50,000 t pcm at about 1.8g/t x 83% recovery, but maybe there will be?

It will be lovely to see those kind of numbers confirmed over consecutive quarters, with moves to improve and upgrade.

[excellance] 25/6/2020 22:22

Q1 production results were on May 11, so Q2 could be in the second week of August, in 6 weeks time.

[excellance] 25/6/2020 22:10

Jc

I think many numpties on here are just gamblers, betting on red or black, taking tips from pump n dump merchants.

Trading between ranges is a good method of slowly churning a few quid.

I don't really have the time for that so I usually just buy and hold for a decade or two in some cases.