Altyngold Share Discussion Threads

[jc2706] 06/8/2020 06:34

Excellence,

If Newcrest back out the share price will collapse. However, there are several aspects to the asset which suggest that this is likely to come to a deal.

[jc2706] 06/8/2020 06:32

Zooman,

That is incorrect. GGP POTENTIALLY has a lot of gold in the ground. It currently has no declared resources/reserves which is the standard by which the world operates. I am very interested in what they declare as the market are currently valuing it as very huge indeed.

[highly geared] 05/8/2020 23:51

Some updated thoughts;

World Macro Picture:
- Coronavirus has and will continue to require ultra loose monetary policy and ongoing fiscal stimulus
- FED has stated, not even considering interest rate rises to 2024
- FED balance sheet c. $7trillion and will increase ( amount of fiat in circulation.
- ECB, BOE, BoJ , ditto.
- $15 trillion + of govt boards at negative yields out to 10 years +
- INFLATION = NEGATIVE Real Interest rates , currently c-1.5% projected to go to -3.5% through 2022. KEY Driver of gold price.
- US $ M0 Money supply link to gold price since 1971 , gold should currently be $2397/oz.

Set up for gold and silver over next 5 years is unparalleled in history......

For 2021, I’ll stick my neck out and say , average price of $2250.

ALTYN

2020 , transformation year with H2 indicative of 2021 progressive improvement to plant nameplate capacity.

2021:
850,000 tonnes ore at 2.25 g/tonne =61,495 oz
83% recovery factor = 51040 oz
Round down to 50,000 oz.

AISC , I’m going to say $650/oz ( to reflect improved production)

Operating profit = 50,000 x $1600 = $80,000,000
G&A , say $2.5 million
Committed Capex, finance and exploration drilling , say $10 million

EBiT = $67.5 million
Exchange rate of 1.30
EBiT = £51.92 million

Assumed no taxes re: historical carried losses.

PE ratio of 6 = £311 million market cap.

Share price 12.12p

There may be some flaws or optimism in the above but regardless, I think anyone selling now is somewhat short sighted or to put it more succinctly, absolutely nuts!

All the best .

[excellance] 05/8/2020 23:12

GGP gave away 70% for a free carry.
So, they own 30% of an asset that won't yield any gold any time soon,

Not sure what happens if their partner backs out.

[zooman] 05/8/2020 22:52

GGP have a lot in the ground and also they are explorers not miners. The money for the shareholders will come from NCM JV deal once closed. Here we are miners but an update? is now required to push our share price higher. Zoo

[jc2706] 05/8/2020 22:39

"GGP has £500m market cap and no production"

And no gold yet!

[excellance] 05/8/2020 22:06

Should still double from here easily based on what we know, if they deliver.

[brasso3] 05/8/2020 22:06

GGP has £500m market cap and no production!

[red army] 05/8/2020 21:58

we are on £75m market cap already so there is a limit for any accelerated rise.

[stevea171] 05/8/2020 21:20

I'm surprised the MM's got so many sales today. However as we have arrived at a nice round number of 3p I guess there are quite a few deciding to take profits at this level even though the rise has barely begun imo.

What we need now is the company to show they are making progress with production by releasing Q2 figures this week or next ahead of their Interim results.

In view of the production ramp up and increasing value of gold/sales/profit currently, H1 figures will be not too important in the overall scheme of things because the company in H2 should beat H1 by a country mile.

Still from little acorns big oak trees grow ...... !!!

[brasso3] 05/8/2020 19:32

Mattjos5 Aug '20 - 19:30 - 38620 of 38620

"This time too there is something of a game-changer evident in that the biggest silver short of all, JP Morgan, has according to long term silver analyst, Ted Butler, who knows a thing or two about silver and its markets, reduced its short position to at, or near, zero. JP Morgan also has, again according to Butler, amassed an enormous silver bullion hoard in the meantime and is thus poised to benefit hugely from any runup in the silver price. The megabank has also, Butler reports, reduced its gold shorts to near zero too. The moral - don’t try and bet against the world’s biggest, and most successful banker!"

[excellance] 05/8/2020 19:06

If the west wants their industrial jobs back they'll have to expect lower wages or we won't be able to compete. Either that or protectionism.

Careful what you wish for.

[onedayrodders] 05/8/2020 18:55

Yep in terms of FIAT , there will not even be one knackered horse in the glue factory.

we will need to be smart and quick with any PM profits

[brasso3] 05/8/2020 17:31

ODR

I mostly agree. The FED will keep printing to keep the peace but I do not see how Europe comes out of this much better. The PIGS will raise their heads again soon which seem to have been largely forgotten about. All of the anti China sentiment will of course affect their GDP and they also have big debts. The best outcome we can hope for in gold is that all the world debases their currency in tandem which is the most likely outcome so people do not notice the major currencies crumbling as they are measured relative to one another...

[zooman] 05/8/2020 16:39

Another good day for gold. Zoo

[brasso3] 05/8/2020 13:39

ODR

I think the USD will come back after the election. The FED is printing first but Europe and Asia will have to do the same at some point. Trump wants a weak dollar and has done for sometime.

[onedayrodders] 05/8/2020 13:37

Wow look at the rush to dump US dollars At last people are waking up and smelling the coffee

[brasso3] 05/8/2020 13:30

It looks like its going to break 3p but maybe not today.

[onedayrodders] 05/8/2020 13:28

Yep but only seems like last week we were getting annoyed with 2p sellers :0)

[brasso3] 05/8/2020 12:30

A few 300k sells at 2.98p have slowed us down.

[brasso3] 05/8/2020 12:21

Most of the trades today seem to be above 3p.

[sclper] 05/8/2020 11:42

What happened to Little puppy/Greg Peck? I think a lot of people first came across Altyn when he was cross ramping it on other boards last year

[excellance] 05/8/2020 11:37

i am no expert at this, no formal training, just trial and error.

the more i learn the more a realise how little i know...but in the resources sector, oil, industrial or precious metal, i have enough knowledge to get by.

i still however rely on suggestions from others, which i then go and check out, put on my watch list, and analyze the charts to try to find a good entry point.

i still get some really badly wrong, for example RMM this year, who managed to half production in response to covid 19 and now require a major capital injection, but who could have predicted that?

[miguelh21] 05/8/2020 11:31

I am vet in this game but i must say thanks for ALTN back in feb/March