Altyngold Share Discussion Threads

[highly geared] 06/7/2020 13:27

Had an interesting read over the weekend that showed the relationship between US M0 money supply, inflation adjusted, and the gold price since the US came off the gold standard in 1971 and the subsequent creation of the fiat $.

There is an uncanny correlation and one that you’d entirely expect. In summary , and including the latest FED QE ,gold should now be priced around $2390.

This above is independent of the supply/demand dynamics of gold which will either boost or marginally reduce the price.

A similar study was done using different parameters which showed gold around $2150.

The summary was , a gold price now of a $2,200-$2,500 range will mirror M0.

The disparity is the ‘risk factor’ of holding gold. My view is this is disappearing by the day so gold should move above $2,000 this year.

For ALTYN shareholders, this is perhaps the single most important factor that should be considered from an asset value and profit perspective.

[miguelh21] 06/7/2020 13:17

Gold spiking up

[onedayrodders] 06/7/2020 13:03

I'm loving the collapsing US Dollar index ... its about time people realised it's basically Andrex

[onedayrodders] 06/7/2020 12:49

Any further good news combined with this chart and a strengthening gold price will be a like a marriage made in heaven.

ODR

[someuwin] 06/7/2020 09:33

Chart suggests the next big step up is imminent.

[easwarareddy] 06/7/2020 09:27

Hopefully we'll tackle 4p soon.

[onedayrodders] 06/7/2020 08:20

Yep normally signals a blue day ahead

[tightfist] 06/7/2020 08:05

This morning's quoted spread only 9% - amazing at ALTN!

[excellance] 04/7/2020 12:40

another o/t
this time "richland plc"

1-7-2020
The Board has now identified a suitable opportunity and is currently in late-stage discussions with respect to a potential reverse takeover transaction in the mining sector, in line with its stated strategy, and anticipates being able to enter into such a transaction in the short term (the "Potential RTO Transaction"). The Potential RTO Transaction involves the acquisition of majority interests in, and operatorship of, four gold exploration projects in North and South Carolina in the United States located within the wider Carolina Super Terrane (formerly the 'Carolina Slate Belt'), which i) also hosts the producing Haile Gold Mine owned by OceanaGold Corporation (TSX/ASX: OGC) who acquired the Haile Gold Mine be acquiring Romarco Minerals Inc. in 2015 for C$856M

meanwhile, at Oceana gold....MELBOURNE, March 18, 2020 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the "Company") wishes to advise that its President and Chief Executive Officer, Mr Mick Wilkes, is stepping down from the executive position as well as from the Board for personal reasons, and is resigning from the Company effective today.

[excellance] 04/7/2020 11:48

meanwhile at ALTN, 4 weeks until Q2 production numbers...what price will gold be then?

[excellance] 04/7/2020 11:47

i've just put this piece into the header on the ECR board which i created a while back, but this year i haven't really been watching so it is now up to date. I seem to recall MCR had a senior geologist called Mr Boucher, and Eurasia mining also have a young Mr Alexie Boucher on their Urals team, probably just coincidental?


6-4-2020
placing of 100,000,000 new ordinary shares at a price of 0.5p per share for gross proceeds of £500,000.
Placees will receive one warrant for each Placing Share exercisable at a price of 1p for a period of 24 months

Craig Brown, Chief Executive Officer, commented:

“We are pleased by the confidence in ECR shown by investors in the Placing. The Company is now in a strong position to implement our strategy, which centres on our exciting portfolio of gold projects in Victoria, Australia. Discussions with third parties regarding certain of these projects are continuing, and we hope to be in a position to update the market shortly.”

20-2-2020
Bailieston Gold Project, Central Victoria

The westernmost part of the Bailieston licence is approximately 30km east of Kirkland Lake Gold’s Fosterville gold mine, and abuts an exploration licence applied for by Newmont Exploration Pty Ltd to the north.

ECR is considering a number of potential exploration programmes for the Bailieston project, including further drilling at the Blue Moon prospect, where 2019 reverse circulation (RC) drilling by MGA returned an intercept of 2 metres at 17.87 g/t gold within a zone of 15 metres at 3.81 g/t gold from 51 metres in BBM007 (see announcement dated 14 March 2019 for full details of this drilling programme and its results), and soil and stream sediment sampling in the Cherry Tree South and Ponting’s areas.

Craig Brown, Chief Executive Officer, commented:

“With the gold price having recently exceeded USD 1,600, the equivalent of almost AUD 2,400 in Australian dollar terms, there is currently a very high level of interest in gold exploration and mining in Australia, including in Victoria and Western Australia.

As well as seeking to add value through our own exploration activities, ECR is considering potential transactions which may create value for the Company and its shareholders. Although there can be no guarantee that any transaction will be progressed, the board are encouraged by the number of opportunities that are available. Further updates will be provided as appropriate".

[stevea171] 04/7/2020 10:17

JC. Yes, they were mining a pit called 'Surprise' which had a main tarmaced arterial highway right next to the pit. The highway started to subside so had to be rerouted involving a new section of about 2 miles which Mercator had to pay for. Gold price was collapsing at the same time so to our surprise it went under!

In this coming gold boom there will probably be a mania stage where anything remotely connected with gold will multi bag. We are far from being there atm. I prefer producers that have JORC assets and are making money. There is still risk but not on the same scale as with explorers and much less risk of dilution.

[jc2706] 04/7/2020 09:50

Stevea171,

I couldn't agree more. As I recall MCR had a run in with a road. It was easily the best value gold miner on the market at the time. And then it went under.


Investing in any explorer requires luck which is why I look at putting a small amount in a number with the potential for one coming good. Currently I prefer junior producers but explorers will have their day for sure.

[stevea171] 04/7/2020 09:32

ECR is the remnants of Mercator Gold (MCR) which had a mine in WA and an LSE listing but collapsed. MCR is now a subsidiary with huge tax credits in Auz. I was a holder of MCR and have followed progress and all news releases of ECR ever since. It has been in and out of countless projects in Africa, Nth America, Sth America, Asia/Oceana etc in the past 10+ years and none of them came to anything. Mostly ECR has spent the time relentlessly and ceaselessly raising cash mostly from institutions diluting PI's for the directors and the 'business' to last another 6 months.

The Victorian assets they are currently exploring I believe are different. I believe they have merit and have the possibility of being commercial although this is very early stage. I will not invest but others may be lucky.

[jc2706] 04/7/2020 08:40

Of course not! He used to post on LSE as 'Timeless'.

[brasso3] 04/7/2020 08:14

JC

Who is that? I hope you do not mean me or Excellence! :)

[jc2706] 04/7/2020 08:12

One of the most disreputable investors I know is also a shareholder there so be careful!

[jc2706] 04/7/2020 08:08

I have always worked on the premise that a small amount is worth allocating to each explorer. You really never know which one is going to make it big. That said, I would caution being too aggressive on ECR. It has a poor history (like many explorers).

[wrighty46] 03/7/2020 22:47

At least we have substance here ECR is not for me. GL if you chase that one.

[onedayrodders] 03/7/2020 21:27

Okey dokey

[brasso3] 03/7/2020 21:25

ODR

I have another tip but I will keep that back until ECR hits 1.5p...

[onedayrodders] 03/7/2020 16:31

Brasso ..good call on ECR, thanks

Looks like next week is going to be very exciting with the company being circled for deals including Newmont.

:O)

[stevea171] 03/7/2020 14:12

Perfect Gold Storm
July 2. We now also got my expected break out on my ultimate long-term, long standing chart above that quarterly resistance line. Perfect gold storm coming; US dollar to 80 as expected, Fed rate cuts, QE. As said, everything non-US dollar up together move coming. It is now here. History in the making. (See below).

If You Look Closely, You Can See Gold’s Major
Breakout Above The Purple Line, Triggering
$10,000 Target For The Price Of Gold

[stevea171] 03/7/2020 13:52

Gold & Silver Are Close To Major Breakouts That Will Send Prices Soaring.
July 1. Egon von Greyerz.

Despite today’s pullback, gold and silver are now close to major breakouts that will send prices soaring.

Both gold and silver showed real strength into the Q2 end. As the chart below shows, gold closed at an all-time quarterly high which is very significant. Next target is now $2,000+.

Gold is up over $400 since the 6-year Maginot line at $1,350 broke a year ago. The technical picture looks excellent too with the MACD at the bottom of the chart just starting an uptrend (see below).



The world has never before heard such clear alarm bells with a nuclear concoction of unlimited money printing, an incredibly fragile financial system, collapsing global economy and trade and a catastrophic pandemic which is not going away.