Altyngold Share Discussion Threads

[cool hand kev] 25/8/2020 11:14

So where do the mega rich put their Money, Tax Havens? You can only have £85k
protected in a bank account. Inheritance tax threshold £325k anything above that taxed at 40% The rich must have ways of passing it on to their off spring?
Being a Eurasia Mining LTH i need to know.

[the dark horse] 25/8/2020 11:11

Well it took the best part of two days and I had to lift my limit to 2.0 but managed to grab another 100k which will sit in my SIPP for the long term.
When I look at this in a years time I would be surprised if we are below 5 and not surprised if we are above 10
GLA

[excellance] 25/8/2020 10:59

BTW EML is bouncing

[excellance] 25/8/2020 10:55

I've been reading all about pensions over the last week, and I am amazed how little i knew about them, like the £1080000 cap and the limits to tax rebates for previous years.
Above the £1m level pensions are pointless other than to hide capital.

I am quite disappointed to be honest.

[excellance] 25/8/2020 10:09

What happens to the altyn bonds if we get taken over?

[brasso3] 25/8/2020 09:57

Its 2.19p to buy at present.

[excellance] 25/8/2020 09:53

My screen says 1.81p on AJB
Big difference between different platforms.

[nevgroom] 24/8/2020 17:20

1m @2.13 just shown from 1.19pm today - Someone seems to have got a good price

[excellance] 24/8/2020 17:03

It looks like some kind of end game is near at EUA, and we don't know exactly what that will look like yet, it could be a new beginning in a different form, but regardless when we get a conclusion I will be adding significantly here, so I hope the share price stays at these levels long enough.

[excellance] 24/8/2020 15:04

meanwhile ALTN appears to have found a bottom for now, and must surely bounce back strongly from here, because this low share price is clearly a fantastic opportunity with gold very probably about to accelerate to new highs in September.

[excellance] 24/8/2020 14:54

the spread at CHF is ridiculous too.
8(
lukily i tend not to trade

[king suarez] 24/8/2020 14:54

There was some decent commentary at the interims last year, so hopefully some good forward guidance and maybe an indication how Q3 is going?

[cool hand kev] 24/8/2020 14:51

Ridiculous, but when the SP's at 10p that will be well forgotten :-)

[excellance] 24/8/2020 14:47

i wonder if we'll get any new information in the H2 results.

we will obviously get greater detail of what we basically already know, but i'd like to see a bit of meat on the bones of a forward plan, particularly for TS.

[mold breaker] 24/8/2020 14:37

Can’t remember a share I’m in or followed having such a wide spread for this period of time, oh well, all will come good later this year.

[king suarez] 24/8/2020 14:37

I think based on 28k oz with say $1,000 AISC at c$1,900 gold price I feel like £75m market cap would not be unreasonable at all - close to 3p. Factor in the growth plans, resource size, lower AISC with increased production and higher grades at depth and there is a clear path to 10p+ in the next couple of years.

The longer the gold price stays in this up-trend, or even a sideways consolidation from here, the lower the risks imo.

I guess the main risk is a sustained gold price crash whilst the company has taken on debt to expand. It is possible we could get caught in a cycle of only generating enough cash to finance debt repayments, whilst taking on ever increasing debt risk to try and outgrow the financing costs, with gold price, grades, or temporary production issues throwing spanners in the works and we end up with a debt for equity swap that screws everybody. But this feels unlikely given progress lately.

And I guess there are un-quantifiable unknowns such as political risk, risk that the largest shareholders try to take the company private at a discount price?

We're almost 2/3 through what should be the company's best ever quarterly production/financial performance - so got to be a good buy/bet at this level?

[red army] 24/8/2020 14:36

Market makers playing games with share price movement from - 11.9% to + 11.9%
Looks like they want your stock.

[excellance] 24/8/2020 14:28

theres a killer spread and a thieving mm?

[mold breaker] 24/8/2020 14:25

Even when the share price drops you still can’t buy volume below 2.2p. What does that tell you?

[excellance] 24/8/2020 13:59

£57m mkt cap
producing 28k oz of gold pa estimated
revenues for q1 and q2 about $11m, estimated to be near $25m over the coming year
production increasing
resources and reserves expected to increase
another open pit mine to be developed withing the next couple of years

the share price perhaps got ahead of itself at 3p recently but what is a reasonably mkt cap based on what we know, and what are the risks?

[the dark horse] 24/8/2020 11:15

That is probably a better def of manipulation - they took 1 min to remove my bid and 11 mins to replace it and did so just as a mm bid 1.91 to trump me !

[the dark horse] 24/8/2020 11:09

Wasn’t denying being opportunistic in any of the definitions - just making the point that I was supporting the price not manipulating it down.

Strangely my bid of 1.85 disappeared at the same time as a mm’s at 1.825 and hasn't reappeared at my new attempt at 1.9. Not sure if this means i got some or just a time delay....

[cool hand kev] 24/8/2020 11:06

iii quote ALTN Bid:1.81p Offer:2.3p Change:0.16499

But I'm assuming that you can get inside the quote

A bit optimistic trying to buy at 1.85p IMO