Altyngold Share Discussion Threads

[excellance] 21/8/2020 17:06

with todays close at 2.05 you are correct, the chart isn't pretty all of a sudden.

i think we maybe got a bit carried away with our expectations for Q2 but we weren't that far out in reality.

i seriously doubt that a head and shoulders will form, tho i see what you mean, tho i suppose if gold were to fall back and go into a bear market then we could easily see ALTN fall too, but i think the gold price will recover strongly in September, which is traditionally a strong month for gold.

I see the current weakness of both gold and ALTN as an opportunity to add more, which a have done.

[highly geared] 21/8/2020 16:58

Nasty “head and shoulders” has formed on the charts. A dearth of news likely until November ( Q3 production news); likely to see this drift on the perceived lack lustre Q2 results.There is also 158 million bond broker shares being dripped into the market.

One to sit tight with. I see gold price consolidation until late September then a move up to $2250_$2400 by year end. Possibly a final correction down to $1900_2000 H1 2021 then a moonshot to $3000 through 2022 as stimulus and QE reach unimaginable levels.

Focus remains on Altyn 2022 production/asset value with a potential context of $2500 average gold.

If the share price drops into the 1’s , time to buy more..

[excellance] 21/8/2020 14:49

its a very wide spread...beware!

i see this current low share price as an opportunity. yes the share price has come a long way since they borrowed that $17m from the banks and issued $10m in bonds, but production of ore has increased significantly as they have bought equipment and spent some cash fixing some fairly poorly maintained equipment (the mill) and i think maintenance has historically been a sore point, as over the last few years the plant limped along as they started to develop the underground mine.

i am banking on management delivering on their promises, and see no real problem with the Q2 report, the trend is clear, next news presumably H2 and maybe a forward statement.

gold has dropped $100 or so from new all time high in dollars, and sits on the previous all time high from a decade ago, but i can't see any way that central banks won't continue to resort to massive money printing with zero interest rates for a long time.

I don't see coronavirus as a significant factor going forward, we will adapt, and we will have a accept some changes, and some costs in many sectors will rise, but there will also be opportunity that previous to covid companies were too afraid to embrace, such as working from home, and what a brilliant idea that is!

so as costs rise, inflation will rise, and profit margins within business accounts will suffer, as will dividends, yields, and share prices.

gold seems like a good option while we adapt to the challenges.

[sloppyg] 21/8/2020 14:34

All over the place at the moment - goes from being up 10% to down 10% in minutes

[excellance] 21/8/2020 14:32

i just bought more at 2.23

[bsg] 21/8/2020 14:30

Blimey looks like I'll be able to get some under 2p soon.

[jc2706] 21/8/2020 12:20

I don't believe that there is a lock in clause so we will find out in relatively short order whether or not Barrick choose to sell their stake. I hope not as SHG has been hampered by institutional selling for some time.

[excellance] 21/8/2020 10:19

...and maybe they'll keep them for the long term?

i think there are many majors with depleting reserves and they need to buy up the little guys to maintain market share.

[onedayrodders] 21/8/2020 10:11

ahh okies, thanks

[jc2706] 21/8/2020 08:22

SHG have bought Barrick's Kenyan assets with cash and shares, hence the reason why they now own some.

[qazwsxedc69] 21/8/2020 07:48

Barrack haven’t bought into SHG. Check AAZ thread.

[onedayrodders] 21/8/2020 07:30

And indirectly that's Warren Buffet investing in a small African gold company ;0)

[onedayrodders] 21/8/2020 07:29

Good to see Barrick buying into SHG today.... and in Tanzania .... just shows left field interest can spring up from nowhere here at any time.And not afraid of location

[jc2706] 21/8/2020 07:24

That's correct.

I would point out that everyone thinks that they will blow the upper limit if everything goes to plan! I would not rely on one share rising significantly (and you know my opinion on EUA!).

[excellance] 20/8/2020 23:35

£40k i think, or up to your annual income if lower.

[highly geared] 20/8/2020 23:26

You can claim your last 3 years unused pension tax relief. Can’t remember the current annual limit (£30k?)

[excellance] 20/8/2020 23:08

i'm having the same conundrum, having just received a rather large redundancy package at a very opportune time, with my isa and sipp bulging with cash, yet i can put my redundancy or isa into my sipp up to a certain amount and receive a 25% tax refund, that's £25,000 tax refund for every £100,000 i put in.

the problem is that once in a pension pot i can't withdraw it again until i am 55, and at that point i can withdraw 25% of the entire pot tax free (up to a certain limit which i am already above right now)

the question then would be is there any point?

assuming everything goes to plan with EUA then i'll be well over the higher limit in any case, so maybe i should just wait until immediately before i want to take the pension and see where we are at then.

[cool hand kev] 20/8/2020 22:45

I’m not sure 🤔 if you can and Y would you if you’re a EUA shareholder? I’m wondering if it’s still worthwhile paying into my pensions

[excellance] 20/8/2020 19:40

Does anyone know how to make payments into a pension fund and claim tax back from previous years?

[excellance] 20/8/2020 10:15

Should bounce strongly from here.

[onedayrodders] 20/8/2020 07:19

I see the FEDs comments or lack of about ongoing stimulus caused a correction in PM's.They have already said it will be unlimited but I guess with the S&P and NASDAQ at record highs (was there a Pandemic anyone ?) they have to take a little heat out of the market and know that by not mentioning it again, the markets will get jittery.It's so transparent that they need to keep it inflated but not overheated, and if the markets drop too much another FED comment about stimulus will appear and the whole Ponzi scheme starts rolling again.

[onedayrodders] 19/8/2020 13:10

Mr 882K sale just wiped out all of yesterdays progress.

[outlawinvestor] 19/8/2020 07:41

UK inflation rises to 1% in July as lockdown eases

UK consumer price inflation jumped to 1% in July from 0.6% in June as lockdown measures eased further.

The Office for National Statistics (ONS) said the figure was boosted by rising petrol and clothing prices.

"In addition, prices for private dental treatment, physiotherapy and haircuts have increased with the need for PPE contributing to costs," the ONS said.

The Bank of England said earlier this month that it expects inflation to drop again soon.

It could fall to -0.3% in August, the central bank said.

"Inflation has risen, in part, due to the largest monthly pump price increase in nearly a decade, as international oil prices rose from their lows earlier this year," said Jonathan Athow, deputy national statistician for economic statistics at the ONS.

[excellance] 18/8/2020 17:06

the gold price was a bit wobbly today as soon as wall st opened, but at least is broadly rebounding and i think will find new highs in due course.

small but positive step for ALTN today, and i think Altyn will also find new recent highs soon.

[highly geared] 18/8/2020 13:53

Simply reflecting the gold price which is again above $2000.

The FED FOMC meeting in September will be very interesting. If they formally confirm;
- yield curve control
- withdrawal of the 2% inflation objective ( let inflation rise)

...real interest rates will go record negative. Add in a collapse of the US$ index and gold and silver will moon shot. All miners that effectively provide leverage to the gold price will react strongly as it will be the signal for sustainable elevated gold prices.