Altyngold Share Discussion Threads

[red army] 08/7/2020 16:58

My target for gold remains the same at $2500

[cyberbub] 08/7/2020 15:19

Gold really breaking out now - let's see if it can hold above $1800 for 2-3 days and then we might see fireworks?

[tightfist] 08/7/2020 14:12

Hi, the reward was structured as 154m Options, awarded at end June and to be exercised by 1st October. I havn't yet seen an RNS reporting exercise; I believe the shares would constitute about +6% shares-in-issue so be subject to a holding RNS..A hefty amount of equity to manage, especially at ALTN. tightfist

[onedayrodders] 08/7/2020 13:49

I guess share price has doubled in 2 months and we are being valued up to current newsflow.
Will be interesting to see if the company see fit for some 'left field' positive news to keep momentim going until next production update.

[brasso3] 08/7/2020 13:41

I think once $1800 breaks on the weekly time frame I cannot see gold ever looking back. With WTI down at $40/ barrel there is scope for massive profits with all gold miners. Even deposits sub 1 g/t become economical.

[excellance] 08/7/2020 13:39

Perhaps the 154m bounty shares are being used to manage the share price in an orderly way?

I'm not sure if that is possible or allowed.

[highly geared] 08/7/2020 13:26

Blending the above posts suggests c. 28,000 oz for 2020 with c. £15 million EBIT.

That will do for starters and suggests a market cap of £100 million. H1 results and a Q3 update in October/November will confirm , so even being conservative, I’d hope to see a share price in the 4-5p region approaching year end.

The huge reserves remain the significant valuation upside once production levels are proven.

[vish65] 08/7/2020 13:17

The mining plan for 2020 from the AR (pg3) shows

360- 200 m 214,000t x 1.21g
Below 200m 334,000t x 2.08g
Total. 548,000 x 1.74g

This equates roughly with the 600,000t annualised rate mentioned in the previous update. They did 92,000t in Q1 and 50,000t in both Apr and May. . This would mean they would clear the lower grade ore sometime in June. We don't know exactly how the ore is being worked but if they are expecting a continual gold price rise they may want to clear the low grade first. So from June they should be consistently hitting 2.0g.

Q2 may not be brilliant with grade ( under 2.0) but tonnage should be 50% up on Q1 so hopefully the market will like that

Q3 should see a further jump in terms of grade. There is also the additional new equipment deliveries to consider

So all in all a continual upward trajectory over the rest of the year. Hopefully the market take it on board

[stevea171] 08/7/2020 13:11

It seems someone (or more than 1) is unloading in the background capping the share price MM's are showing mainly buys.

If $1800 gold holds that's another $90 per oz straight to the bottom line for H2/20 cf to $1680 - $1750 range gold has recently been contained in.

H1/19 result was 5,561 oz at gold $1308 = $7.2 million.
FY/19 result was 10,500 oz at $1390 = $14.9 million

Estimates cf 2019:
H1/20 10k oz @ $1500 = +$7.8 million
Outcome 1. FY/20 20k oz @ $1700 = $34 million (+$19 million)
Outcome 2. FY/20 25k oz @ $1700 = $42.5 million (+$27.6 million)

Outcome 2 (or better) is attainable and the more likely. Probably 30k oz with a strong H2 may be within reach.

[wrighty46] 08/7/2020 12:27

We can take a good guess that Q2 should be good when reading the 9th June rns. Unknowns grade(improving apparently) and recovery %. If grade is improving and we get any kind of forward looking statements on continued increases in ore and grades then this wont stay at these levels. And in the background we have plenty of drilling results due anytime and a plan for teren sai.

[tightfist] 08/7/2020 12:11

The H1 figures had better be positive - otherwise will we experience panic selling of the illiquid ALTN shares - to put capital to work on a different PM proposition?!

[wrighty46] 08/7/2020 11:49

Can buy just under 2p now. Doubt it will last. Gold doing its thing. Q2 results just round the corner. GLA

[miguelh21] 08/7/2020 10:22

Gldx and vlgd for starters

[miguelh21] 08/7/2020 10:21

Loaded up in a number of Canadian gold miners too

[c0lin1] 08/7/2020 10:20

first week in august and the big north american miners report earnings. that should provide another catalyst for PM miners

[miguelh21] 08/7/2020 10:20

My kinda thoughts

[brasso3] 08/7/2020 10:17

If $1800 breaks then it won't matter which gold miner you are holding.

[c0lin1] 08/7/2020 10:15

and me but frustratingly they seem to all be hitting a wall at present. maybe waiting for 1800 to go first

[onedayrodders] 08/7/2020 10:12

Just here and there seeing the odd post from investors talking about precious metals might be the place to go from here and raising macro economic reasons.

Evidence the herd is still a way off but a mania phase in gold and silver stocks is inevtibale.

Have your positions locked and loaded

:o)

[onedayrodders] 08/7/2020 10:12

But at least its helping form another 'pennant' on the chart

[onedayrodders] 08/7/2020 10:06

not finding many sellers though and pretty daft to be selling this specific share IMHO at this time and against this macro environment

[bsg] 08/7/2020 09:54

Seems MM's are teasing out the weak.

[miguelh21] 08/7/2020 09:49

1900 short term. Nothing can stop it

[nevgroom] 08/7/2020 09:30

Breached again just over a minute later - Some serious flirting going on!!

[outlawinvestor] 08/7/2020 09:28

Gold just a few cents shy of $1800 this morning. Aug futures scaled that marker yesterday.

All 3 MMs are still agreed on their 1.7p v 2.2p quotes (since Friday). There is a 1.9p bid order for 500K on the book at the moment but non-MM orders are often ephemeral in this share.

So there's still some interest in ALTN bonds in the secondary market. Someone is bidding for 100 bonds @ 100.6 but there are no offers on the book at the moment.
hxxps://market.aix.kz/details/ALTN.1222/market-depth