Altyngold Share Discussion Threads

[onedayrodders] 15/7/2020 09:59

From Qtrly Production RNS May

Production up a significant 130% year-over-year spurred by new equipment deliveries with 92,324 tons of ore mined in 1Q2020 (40,171 tons in 1Q2019). The positive momentum in production growth is EXPECTED to be maintained over the coming quarters.

Regarding COVID 19 pandemic, the health and safety of our personnel remain our absolute priority while ensuring the continuity of our operations. At present there is minimal impact on the operations and we are closely monitoring the situation while cooperating with relevant authorities.

From RNS June

At present none of the employees has tested positive for COVID-19, due to the precautions and protective measures taken during the quarantine period. The Company is also pleased to report that here have been no reported incidents/occurences of accidents in the current year maintaining the Company's good safety record

[king suarez] 15/7/2020 09:56

I don't know ODR, not enough of a track record here to go on imo! Obviously they have needed to promote the company in a positive light to facilitate takeup of the bond offering.

I am hopeful/optimistic, but also part bracing myself just in case..

[brasso3] 15/7/2020 09:55

Alasdair Macleod always talking sense!

[onedayrodders] 15/7/2020 09:51

true KS but would they have not tempered expectations in the previous production update ... instead they were very bullish and stated this improvement was expected through the rest of the year

[king suarez] 15/7/2020 09:46

Those production results at AAZ this morning have made me a little cautious about what to expect from Q2 for ALTN. Whilst we've had good news re increased mining throughput recently, we must take into account the impact of Covid on staff working hours/shifts and availability of mining supply materials in the short-term etc

[stevea171] 15/7/2020 09:34

Comex paper prices have been bypassed in Q2 by producers, refiners and end customers who want REAL GOLD with guaranteed delivery.

Comex may soon be completely irrelevant ....

$2000+ gold anyone?

[onedayrodders] 15/7/2020 09:31

USD(Andrex)index just crashed through to a 95 handle, hence PM's firming ...

love it

[excellance] 15/7/2020 09:30

In GBP it is

[run12] 15/7/2020 09:27

Gold is definitely not down - currently nearing $1815.

[excellance] 15/7/2020 09:25

Again advfn chart are way out. Today the share price is 2.16 while advfn shows 2.30

Gone quiet on here except for talk of other companies like AAZ

Silver is up today while gold is down, and that is relatively good for altn as we produce silver too.

Q2 numbers due in the next 3 weeks.

[qazwsxedc69] 15/7/2020 08:19

Eh? 1826? That can't be right......

[stevea171] 15/7/2020 08:18

And another one. Even better!

Refiners paying premiums to get hold of gold and silver during the CV shutdowns, PM shortages and rampant demand.

Average realisable precious metal prices in Q2 2020 (which are reported before the deduction of commercial discounts) were $1,826/ounce for gold and $19.8/ounce for silver (Q2 2019: $1,346/ounce for gold and $14.8/ounce for silver). For H1 2020, average realisable precious metal prices were $1,701/ounce for gold and $16.2/ounce for silver (H1 2019: $1,329/ounce for gold and $15.0/ounce for silver).

[onedayrodders] 15/7/2020 08:10

That's gold price achieved not ounces !Not just yet anyway :0)

[onedayrodders] 15/7/2020 08:09

From a different company but an insight into the ballpark figures for Gold sales in next update ........Q2 2020 gold bullion sales of 12,743 ounces at an average of $1,713 per ounce (Q2 2019: 13,467 ounces at an average of $1,332 per ounce)

[zooman] 14/7/2020 17:26

B, this train is stopping to pick up the girlfriends who've taken their time to get ready. Maybe tomorrow the train will speed up. :-))At least its still looking positive and not slipping back to sub 2p Zoo

[brasso3] 14/7/2020 16:54

Happy for the pull back just as I was when it at 1.8p / 2p. This will hit 3p but you have to stop at all the stations to let people get off and new people to get on.

[red army] 14/7/2020 16:51

The market makers are loving this.

[excellance] 14/7/2020 15:27

£60m+ mkt cap here is still way under value, yet in just weeks we could see evidence that could help the market come to its senses.

I would like to see more information on what the company plan to do beyond the current mine abrasion phases.

[timgw] 14/7/2020 14:58

I wonder what the maximum price is that anyone here bought in at?

Interestesting graph covering last 12 years can be seen here:

hxxps://secure.ii.co.uk/webbroker2/research/detail/companyDetails/view.sp?externalid=GB00B015PT76&externalidtype=ISIN&externalidexchange=ALTN.L&tab=0

Would have like a hyperlik but cannot paste one here.

I bought in at 3p after the big crash. Should have bailed out at 7...... :<(

[stevea171] 14/7/2020 14:52

Yes, someone offloading £10k chunks (aprox 3 million) today so far. About 7 or so have gone through so £70,000 to someone ....

All have been soaked up but MM's now have plenty of stock hence they have reduced the ask.

[cyberbub] 14/7/2020 14:30

A bit of selling creeping in today again... Hopefully we will get a bit of speculative buying soon, in advance of the Q2 production figures...

[excellance] 14/7/2020 12:18

I think events will unfold rapidly once revealed.

Of great concern is bank loan default rates which I understand the ECB has instructed EU banks to simply omit from reports but stands at a staggering 15%

[highly geared] 14/7/2020 12:10

Gold probably needs to take a breather tbh. The 200 day SMA is around $1625 I think, so it could fall nearly $200 and remain in the long term uptrend. A short term fall back to around $1700 would probably be a good thing to form a stronger base for the move to $2000.

It’s a long term bull market imo, for at least the next 5 years whilst the financial system unravels. The US is currently at a c. $2.7 trillion deficit for the current fiscal year. This no doubt will increase as further Covid stimulus measures are enacted. Confetti printing..

[highly geared] 14/7/2020 12:06

The USA didn’t do proper lockdown measures and relaxed too early, being driven by the economic imperative.

To a degree , we’re seeing it here. Scotland appear to have played it about right.

Regardless, Covid isn’t going away and I think we’re reaching a point where it will be a new normal where the virus is accepted but with standard restrictions such as face masks and distancing.