Altyngold Share Discussion Threads

[onedayrodders] 13/7/2020 09:08

Adios 2p at last ?

[excellance] 13/7/2020 09:04

Breaking out can be tough, but break out she certainly will.

[miguelh21] 13/7/2020 08:32

decent start need buys around 2.5p

[excellance] 13/7/2020 07:32

EUA has 15m oz pd, with potential for 40m in surrounding hinterland.

[jc2706] 13/7/2020 07:30

Only SOLG and ALTN have known huge assets out of those 4. GGP has nothing currently although the drill results are good (if deep). As I recall EUA has a medium sized resource with a large target.

[excellance] 13/7/2020 00:39

Both of those are about £460m mkt cap, and both are years from mining but have huge resources and big backers.

GGP have given away most of their asset for a free carry.

Based on those numbers ALTN should be worth more than both of them, and EUA should be a multiple, maybe x 3

[brasso3] 13/7/2020 00:25

Still cannot fathom the market cap here compared to GGP and SOLG.

[thebradski007] 12/7/2020 20:57

Appreciate your and all the others input. Building a small position and becoming familiar. Have a good week.

[albert arthur] 12/7/2020 20:47

Could see 3p tomorrow.

[excellance] 12/7/2020 18:12

I'm looking for 6 to 8p in a year but 3p within a week or two.

[king suarez] 12/7/2020 18:03

28.85m shares? Wow - multi-millionaire then?

[stockknobjockeyvanbookstino] 12/7/2020 16:32

Target 10p......

[stockknobjockeyvanbookstino] 12/7/2020 16:20

Bradski, I have researched this best I can short of visiting the mine. Risk is grades and production fail to meet expectations......as they have in the past due to under investment. ....howev er I feel this time is different as they gave raised $27m in last few months and have a significant interest. I am in for a rather risky 28.85m shares accumulated at 0.5p.

[stockknobjockeyvanbookstino] 12/7/2020 09:02

Also in 2018 they chose to convert a $9.7m bond into shares at a price of 3p when the share price at the time was c1.3p. Could've taken the whole of the bond value and but didn't.

Both Aidar (CEO) and Kanat (Chairman) of Altyn have resigned from Kemin, leaving the other son, Sanzar in charge of that one.

[alangriffbang] 12/7/2020 08:54

Well said tightfist as usual plenty of good information ,

[tightfist] 12/7/2020 08:38

Hi TBS007,.Good to see you around. The BoD/Family taking ALTN private was my biggest concern during 2019, but since then we have seen the AIX Bond issue (30th June RNS), the likely issue of the JSC bonus optIons/shares amounting to an increase of ~6% in equity (9th June RNS), the Service Provider opting for shares (22nd May RNS) and the unveiling of Joshua Rowe at 3.16% (28th Feb RNS) - all of which IMO indicate it will stay listed?.You mention the plus 130% YoY (11th May RNS); they further announced they were up +63% on ore production (9th May RNS) during April and May, short QoQ if you like..A fascinating proposition. NIAI, DYOR! tightfist

[thebradski007] 11/7/2020 20:49

I been reading why Kemin Resources (one of the Directors old 2018 company) failed to have a nomad and was because of a 26k loan that breached AIM rule 13, so basically they got booted out - not the best research to come across straight away. Instantly raises a flag on the BoD. On the other hand I see Q1 production up 130% and revenue Q1 up 151% - very impressive.

[thebradski007] 11/7/2020 19:53

Kemin didn't have a nomad so delisted. Can see were tiny minnows compared to Altyn. I just like to know where I'm putting my money and my first port of call is the BoD. So does the chairman have two sons on the board and one of them messed a company up a few years back? Believe me I'm not deramping, I'm just curious. I'm like this - suspicious lol - I was suspicious of watching an interview with DS at EUA but still went with them from 1.2p and yes my suspicion was wrong there thankfully.

[brasso3] 11/7/2020 19:15

They could have delisted this at any point over the last 3 years if that was their intention. There actions recently suggest that they are going the distance on this one.

[thebradski007] 11/7/2020 19:10

New here - been researching over the weekend. Question to LTH's - what's the BoD like? Good bunch or crooks? I see one of em 'was' CEO of Kemin Resources who delisted 2018. Should I have any concerns there? Other than that the company looks in a good position. Thanks in advance Brad :0)

[tightfist] 11/7/2020 14:53

Hi Steve, a Sell was my inclination too, when a MM suddenly found themselves short of stock. Either way, someone bagged themselves a bargain! tightfist

[jc2706] 11/7/2020 10:54

Price/volume looks positive for setting a base but maybe a bit of a pause is in order to absorb the gains.

[brasso3] 11/7/2020 10:43

It looks like 3p is a one way bet from here. What happens after that will largely depend on the production update. If they are maintaining the 600k tonnes then the trajectory will be up!