Altyngold Share Discussion Threads

[brasso3] 22/7/2020 17:22

Steve posted this yesterday

stevea17121 Jul '20 - 17:25 - 3160 of 3188

For 2 days running now the final UT trade has been for 2 shares at 1.81p.

So someone is deliberately manipulating the closing price to be lower than the MM mid price.

To what end?

[brasso3] 22/7/2020 17:21

I think someone said these UT trades affect the closing price so it suppresses the real price action.

[qazwsxedc69] 22/7/2020 17:18

Forgive my ignorance, but assume it is deliberate why would someone do that? What is there to gain by it?

[brasso3] 22/7/2020 17:16

Another 2 shares sold on the bell!

22nd July 2 @ 1.9p
21st July 2 @ 1.81p

[brasso3] 22/7/2020 14:00

I have said it many times that I think government will be forced onto some kind of partially backed gold standard. That is why central banks have been accumulating for several years. That is the only way to stop the majority of the public moving over to decentralised crypto currency. Gold will have to go a lot higher for it to provide substantial backing to current (or future digital) government currency.

[onedayrodders] 22/7/2020 13:57

Golds never going back to $1500 in my lifetime :0)

[nevgroom] 22/7/2020 13:55

GGP is madness - By the time they start producing any volume, Gold will be back at $1500 :) :) :)

[brasso3] 22/7/2020 13:37

Buys going through at 2.29p now.

[bmnsa] 22/7/2020 13:26

cnr and ggp doing great guns.
ggp supprises me.

[miguelh21] 22/7/2020 13:22

Check out gldx and vgld in Canada for junior gold

[miguelh21] 22/7/2020 13:21

Yeah I am in ipt lovely

[onedayrodders] 22/7/2020 13:20

Silver $23 ..cant wait for Impact Silver (IPT) to open over the pond today

[miguelh21] 22/7/2020 13:20

Bit surprised there is not more buyers

[brasso3] 22/7/2020 13:09

Gold marching towards $1900 now. You would have to be a bit crazy selling ALTN with the current macro environment.

[excellance] 22/7/2020 12:09

Those type of pr stunts are usually a prelude to a placing, so I'm not that concerned that they don't do them.

[homebrewruss] 22/7/2020 11:59

They had a broker a while back who I contacted last year (VSA Capital Limited - used to be listed on the RNS's) but they were dropped, presumably to save money.

[stevea171] 22/7/2020 11:46

Also ALTN is a 'hidden gem' off the radar of most investors. It would be helpful if the company could do some PR interviews with eg Andrew Scott of Proactive and get some write ups published to bring the company to the attention of the mass market of gold investors.

They should appoint a broker in London to cover the company and to release investment reports and take on part of the PR function.

[highly geared] 22/7/2020 11:44

I wonder, in the coming months and with gold at $2000+, we’ll wake up one morning to an RNS:

“ The Company announces it has received an approach and firm offer to acquire the entire issued share capital in the business. The offer values the current issued share capital at £xxx . The Board, as majority shareholders, have endorsed the offer for acceptance “..

Fill in the blank.. I’ll go for £250 million

[stevea171] 22/7/2020 11:34

TF & JC. We lifted off from the daily lows of sub 2p last week for 4 days on good volume and seemed to be heading higher. But then some determined large trade selling took the share price back down again.

I think the large sells contained an element of profit taking as the company as far as we know remains on track. If they bought at .5 or .6p last year in the 'sale of the century' as some of us did then they can't be blamed for taking some profits.

Having said that there continues to be steady buying which will likely increase when it can be seen that the share price is heading back up again. This rapid increase in the gold price usually first attracts new money into the large and mid cap PM miners and later filters down into the small and micro caps.

So we can expect ALTN to probably rocket in the coming weeks and months on the back of this wall of money from people waking up to gold and hopefully attracted by decent Q2/H1 results here that could come at any time.

[brasso3] 22/7/2020 10:57

Buys going through at 2.22p - 2.27p

ADVFN chart useless!

[brasso3] 22/7/2020 08:15

GGP now valued 11 times that of ALTN

[wrighty46] 22/7/2020 07:42

A buyer or buyers have been hovering here for quite a while now at least month or 2. The mm's have so far been able to accommodate them around this price. Eventually demand will outstrip supply and the free float here is getting smaller by the day. So just a Q2 update that is positive ramming home the increases in production grade and price could finally see this rerate up towards 4p imo. GLA

[tightfist] 22/7/2020 07:35

Hi JC, Steve,Is this a contrived manoeuvre to spook some loose/unseasoned ALTN holders into overnight selling decisions, so that the MM's can pick-up some cheap stock? We had one call this way 19 days ago (Aberloon2, post #2825) that quickly got shaken out..Just a thought, it's not a coincidence, tightfist

[tim000] 22/7/2020 06:40

The 2020 mining plan set out in the AR estimated production of 214k tonnes from zones 1,2 and part of 3-8 at an average grade of 1.21g/t. The Q1 Report stated that production was 93k tonnes and the average grade of 1.49g/t exceeded budget, as indicated from the plan data above. Once the 214k tonnes are mined (ie about early June), predicted grades in the plan increase significantly, to an average of 2.08g/t, from production of 336k tonnes. So the Q2 data should include some higher-grade ore, with the average grade exceeding 1.49g/t, which is consistent with the latest RNS. But the large increase in grade is expected to be achieved in H2, optimally taking advantage of the recent hike in prices. That's worth bearing in mind when the Q2 data are published.

[brasso3] 22/7/2020 05:54

OMG - Gold & Silver.

What a great day for an RNS...