Altyngold Share Discussion Threads

[jc2706] 23/7/2020 16:39

Doubt it. Why just those two shares (I suspect I know)? CEY, POG, HGM, POLY have by far the largest volume in the sector and there are other smaller goldies doing pretty well.

[excellance] 23/7/2020 15:30

I think everyone is buying ROCK or ECR today.

ALTN is like watching grass grow.

I wonder if we'll get a sly 2 share u/t trade for a ridiculous made up amount again tonight, ths only trade in five hours!

[pennstreet] 23/7/2020 15:19

No trades since 11.00 ??

[jc2706] 23/7/2020 13:12

I should have made it clear that I don't believe that the operation is being affected at all by Covid-19 but I think that Covid-19 is more prevalent than suggested. It should be remembered that it is much more likely to impact urban areas. Remote mines are not likely to be as impacted, especially as they have a younger, fitter workforce. It would also ultimately be simpler to isolate those affected.

You need to look at the 7 day moving average which indicates that it may have peaked but they have not yet got control of this.

I disagree about the 1500-1600 range. It has clearly been above that on a number of days in the date range suggested. But considering per capita this is similar to the UK infection rate at its peak, the death rate is very low.

Whilst I suspect that the death rate is indicative of reality, I doubt the recent death figures. It looks to me like they have paused in publishing them. Then again, I have doubted the deaths reported in most countries during this pandemic!

[sandeels] 23/7/2020 12:54

Thanks re covid inf. Curiously, shutdown at a mine doesn't necessarily affect the share price in the way one would normally expect, ie falling share price HOC is a good example, two separate mine closures (currently Immaculata, their largest mine) and both times the price has come off intraday then carried on going, to today's seven yr high.
Investors seem to be taking the view that mine closures will be temporary and that the forward looking view is for higher pm prices, to be reflected in the results when operations return to normal. If production is stop/start then reduced output is more than compensated for by higher prices.

[redtrend] 23/7/2020 12:31

The mine is still operating otherwise there would be a RNS - not sure how we even escalated it to that level.

There is no exponential rise in COVID19 cases in Kazakhstan yet - since 2nd July they've been around the 1,500 - 1,600 mark daily, with the same amount of recoveries per day too.



The news on this matter is pretty poor - all these reporters stating that Kazakhstan was only country forced to go back into lockdown in early July - Azerbaijan across the Caspian had to reinstate lockdown in late June before Kazakhstan! This hasn't impacted businesses in Azerbaijan like miners and it shouldn't in Kazakhstan either.

[sandeels] 23/7/2020 12:08

tim000 - Kazakhstan, like all other FSU countries, has very little covid.
JC2706 - Actually cases in Kazakhstan are increasing exponentially currently, as are deaths.
Any further inf pls?

[miguelh21] 23/7/2020 11:29

This is one odd share really odd

[tightfist] 23/7/2020 11:14

Or multiple impending crises?

[jc2706] 23/7/2020 11:12

The spread remains a disincentive. Unfortunately it dissuaded me from investing more at 0.5p! Something I regret now.

[jc2706] 23/7/2020 11:10

Japan is an interesting case as it has an elderly population, no real lockdown and yet low spread and death rate. Having had a bit of an obsession with Japan for many years I know that theirs is a very different culture to ours. Social distancing is pretty normal for them as is mask wearing (which has been the case for many years). They are also a very disciplined people and tend to follow guidance so when the government advises against social gatherings they follow this.

Brazil is the polar opposite and is lead by someone with a particular style. It was inevitable that there would be a bit of a car crash response unfortunately. It was less obvious that the same would be true here although the current regime is probably better suited to running a country without a crisis.

[excellance] 23/7/2020 10:38

i wonder at what point the mm will close this ridiculously wide spread?

will those 154m shares be released onto the open market in an orderly way to increase liquidity and reduce the spread?

if the spread is reduced then i'm sure volume will increase.

[tim000] 23/7/2020 10:36

Brazil no doubt is in a far far worse shape pretty much in every respect. That doesn't excuse incompetence of our establishment however. I expect that when ALTYN's Q2 figures are published, there'll be little (if any) discernible impact from covid.

[tightfist] 23/7/2020 10:30

I am sure Brasil (as a nation) is in far far worse shape..What I was doing was to highlight the measures that have successfully been taken in the the remote north of hostile Brasil - and what to look out for, or not, correspondingly at Altyn......

[tim000] 23/7/2020 10:16

I agree with your covid assessment, excellance. We should have also listened to the Japanese, who are world leaders in managing viral contagion. The Japanese have not had a lockdown, nor do they obsess over track and trace. They just get on with life, but wear face coverings in public. (They also have very little obesity, and no migrant population, both of which have been major causative factors of high mortality rates associated with covid.) This episode (and the mushrooming of the woke ideology in big business and government) has shown that the establishment in the West is totally incompetent, and wholly self-interested. Prof Ferguson is a great example of that.

[easwarareddy] 23/7/2020 10:02

Hoping we will finally get above 3p and head towards 4

[excellance] 23/7/2020 09:57

ECR taking off??

[brasso3] 23/7/2020 09:56

From all of the Q2 numbers I have seen the increase in gold price has balanced out the negative impact on production from Covid 19.

[excellance] 23/7/2020 09:52

i'd say that Brazil is in way worse shape.

[jerrypike] 23/7/2020 09:51

ODR
ur welcome
JP

[jc2706] 23/7/2020 09:50

Actually cases in Kazakhstan are increasing exponentially currently, as are deaths. However, the death rate is much lower. The key to this appears to be the co-morbidities and the age of the infected population. Age is by far the biggest influence but if you take this out then the next biggest is obesity. This is why the disease has disproportionately affected the wealthy west. We are old and fat.

But they should not be complacent if there AIM is to minimise Covid-19 related morbidity as it will still take out a large number if allowed to spread unchecked and will impact the treatment of other conditions as it overwhelms the hospitals.

That said, developing countries are much more likely to prioritize their economies.

[c0lin1] 23/7/2020 09:40

In bull markets surprises happen to the upside...be right...sit tight ;^)

[excellance] 23/7/2020 09:39

looking very strong today, obviously benefiting from the strong gold price, so i expect to see a new multi year high soon, maybe before Q2 numbers but certainly after assuming all goes to plan...and we have heard nothing to suggest it won't.