Altyngold Share Discussion Threads

[j4yjaybee] 05/9/2020 20:25

It was from first thing on Thursday.

[onedayrodders] 05/9/2020 16:57

Surprised no mention here of the 2.5m sale at 1.49 Friday

[highly geared] 04/9/2020 16:43

VILX is worth a look if you want to hedge the markets. Tracks S&P 500 futures ( volatility) with 2.25x leverage.

[excellance] 04/9/2020 16:36

Dow Jones industrial average is down 1500 in 24 hours.

We know this game, the markets panic and then the central banks throw trillians of dollars at them.

Back to basics folks, just concentrate on pm's and yields, then consider what marker conditions will likely be in a year

I think we are having a post lockdown boom, but all booms are followed by a bust.

US election coming soon, protestors and police shooting each other with AK47's, and it's ugly out West, like dodge city or Gotham town.

[onedayrodders] 04/9/2020 15:55

Remarkably I think as the DOW is selling off people think they USD Andrex is a safe haven !!

[cyberbub] 04/9/2020 15:27

Bloody gold price - every time New York opens they whack it!

[excellance] 04/9/2020 11:17

Yes, the bean counters love the certainty and discounted prices.

[ekuuleus] 04/9/2020 10:52

I'd expect a fair wedge to have been hedging. Gold miners will sell future production. Gets the cash in now.

[excellance] 04/9/2020 10:43

I hope that is budgeting and not hedging.

[nevgroom] 04/9/2020 09:59

Probably worth drawing attention to this statement from the Annual Report for 2019;

"However the Company is taking a conservative approach by budgeting a gold price of US$1,450oz"

33% higher now - It's a good story.......

[tightfist] 04/9/2020 08:35

My personal ongoing too, but enough of a wobble to push a few weak holders over the edge? Hopefully yesterday was the bottom, a new higher-low? Cheers, tightfist

[jc2706] 04/9/2020 08:17

Bit of a non-story for ALTN in my opinion.

[excellance] 03/9/2020 20:42

1.70/1.88

Narrower spread.

[cool hand kev] 03/9/2020 20:19

Manipulated SP

[cyberbub] 03/9/2020 16:58

Unblueievable close...

[excellance] 03/9/2020 15:41

Possibly too early to say but maybe the ALTN share price is about to bounce?

It certainly feels more solid down here, opportunists like myself taking a chance...

[excellance] 03/9/2020 13:48

I've just added again for what it's worth.

[cyberbub] 03/9/2020 13:43

The one good thing about a massive spread is that you can usually be fairly certain which ones are buys and which ones are sells!

[onedayrodders] 03/9/2020 13:14

Yep it's a simple as that

[highly geared] 03/9/2020 11:40

I built my position at 0.57 and whilst this has reduced by paper gains by £100k from the top, you cannot make a sensible view on valuation until they’ve delivered H2 which won’t be known until Feb/March next year.

If H2 is good then we’ll soon be back above 3p. If poor, they need to sell the assets.

I invested for a 10p+ share price in 2022/23 and nothing I’ve seen changes that view. Daily analysis and speculation is a quick route to a mental breakdown....

[outlawinvestor] 03/9/2020 10:38

MMs are really "milking" the current sentiment! The drop in price far outweighs the net volume sold. Since 10-Aug (Q2 production update) VWAP has dropped 41% compared to a 8.5% drop in VWMA according to TradingView data. Volume trend indicators like PVT & Accum/Dist Line confirm that net selling is quite small.



In fairness, during the uptrend VWAP also outpaced VWMA but I suspect that was due to reduced stock inventories.

MMs have been on the edge for a while - PEEL has been quoting a 0.7p spread in L2 for many weeks (currently 1.5p v 2.2p). One known concern is the looming exercise of 154m options by Freedom Finance which I assume to be priced at par (0.1p) since no exercise price was published.

[jc2706] 03/9/2020 10:34

I believe that "the yacht story" makes not a blind bit of difference. This is a technical correction and the volumes aren't huge. In fact the selling of one of the posters here could account for the majority of the weakness.

As suggested the other day, the H&S top target was 1.4-1.5p. Always fascinating how these boards change when prices go up and down.

[dubjon] 03/9/2020 10:22

1.5p target from the h&s breakdown at 2.25p has now been reached.
The question is, will she bounce, or is the yacht story going to continue to weigh on the sp?