Altyngold Share Discussion Threads

[cosmictraider] 25/7/2020 12:38

Spread narrowing ...maybe MM are going to let go of the reins next week ? Or is that wishful thinking ?

[c0lin1] 25/7/2020 11:46

so you had sold out then? ;^)

[excellance] 25/7/2020 10:47

I bought 1m at 2.13 and it hasn't been reported yet so it will be reported as a sell on Monday

[alangriffbang] 25/7/2020 09:27

Brasso3 ,sometimes the sells are buys and visa versa ,all very complicated ,let’s hope for a good week with some good news

[brasso3] 25/7/2020 07:14

Some nice buys yesterday.

Did the 522,065 buy at 2.37p spoil the party. :)

[pjackson2] 25/7/2020 01:32

Gold closed above 1900..
That was quick from 1800 to 1900..
Is that the fastest round hundred we have done

[albert arthur] 24/7/2020 23:08

Great week, I'm still largely loaded in this... it's a back burner stock for me...Nice to be at 2.2 on the bid... 3p soon.

[excellance] 24/7/2020 20:11

my gold prediction is that in six month time we will be easily be producing 7,500 oz per quarter, probably nearer 2,000 to 2,500 every month and the price of gold could easily be on its way to $2,200 per ounce.

Now, that gives us a near 40,000 oz pa production and TS a step or two nearer that open pit plan.

consider then the market cap compared to today!

[excellance] 24/7/2020 20:06

i think the total number is less important than the current and future numbers, so it is very important that the company don't disappoint or create an overly optimistic target to aim for. we should all keep a little spare capacity in our locker to pull us out of the stinky stuff when required.

looking forward six months, i wonder what numbers we'll be generating, and what the gold price will be?

the reason i'm thinking six months ahead is because it is patience that yields the greatest reward, and many don't have the ability to wait six months or even six minutes these day.

[jc2706] 24/7/2020 19:49

Tim000,

My apologies. I looked at gold contained rather than gold poured. I agree with your calculations.

[tim000] 24/7/2020 18:42

JC, output was 3380 ozs in Q1, I have 150k t @ ca 1.6g/t and a recovery rate of ca 82% for 6330 ozs in Q2. I think your 6-7k ozs looks right to me.

[timgw] 24/7/2020 17:22

Gold hit $1900/oz today so that surely is a good reason to hold here. Interesting times ahead.

[jc2706] 24/7/2020 17:02

PennStreet,

It is the uncrossing trade (UT) otherwise known as the mechanism by which those with DMA attempt to manipulate the closing price.

[mackie] 24/7/2020 16:58

All very weird, but ties in with the cur/mid price. Although it was already 2.2 today.

[pennstreet] 24/7/2020 16:55

What is that 2 trade that's been appearing lately every day?

[jc2706] 24/7/2020 16:37

Looks like 2.2p.

[jc2706] 24/7/2020 16:35

I suspect so. My guess is 2p

[jc2706] 24/7/2020 16:32

For the record, I see production for Q2 being 6-7k oz but my optimistic scenario comes in at 8k oz (beat that and I would be very happy with the performance).

[mackie] 24/7/2020 16:31

Are we going to see the 2 trade today?

[jc2706] 24/7/2020 16:30

I would actually be a bit disappointed by just under 10k oz in H1. That would imply Q2 coming in at less than 5625oz. Given that the 30th June update suggested 50k tonnes being processed in April and May (giving 3976oz at 1.49g/t and 83% recovery), that would imply June production of less than 1650oz, implying a drop in tonnage and/or grade when I am anticipating both to be in a rising trend.

Production based on what we have been told suggests Q2 should be at least 6k oz which would imply production over 10k oz.

Of course, this is based on what we have been told, the bullish tone and the fact that they are actually communicating now. If I was to guess based on previous experience then anything over 8k oz for the whole of H1 would be deemed positive!

[excellance] 24/7/2020 16:29

2.36 being paid just before close.

[tim000] 24/7/2020 16:09

I agree with excellence, given all we know then 25k ozs should be easily achievable in 2020. I'm expecting just under 10k ozs in H1, and 15-20k ozs in H2 - when of course pog will be significantly higher. Barring unforeseen events, cashflow from the mine this year could result in a substantial rerating.

[bsg] 24/7/2020 15:43

I think the chart only shows AT and UT trades values.

[excellance] 24/7/2020 15:27

Despite the advfn chart obviously being wrong, we do have some upward movement at last.

[excellance] 24/7/2020 14:38

I think it's safe to bank on 25,000 oz pa going forward, with grades of 1.7g/t at 50.000 tonnes per month and recovery of 83%, and selling for $1700 average.
100% ours!

After costs and financial management there has to be a very solid profit at the moment.