Altyngold Share Discussion Threads

[excellance] 28/9/2020 10:58

Yes, very disappointing at the moment.

The worm will turn, eventually.

[avsome1968] 25/9/2020 19:36

Hope so nursing a 18% loss here at the moment need some news.

[onedayrodders] 25/9/2020 16:41

agree on all that ... fingers crossed

[excellance] 25/9/2020 16:02

Possibly, but Q4 looks like it'll be dynamite following the Q3 roller coaster.

As night follows day we will see more money printing, and gold will inevitably rise as a result.

I wish we knew that our management team are all safely on dry land and browsing this month's edition of "superyacht times".

Next RNS will show if they've kept their eye on the ball, feet on the ground so to speak.

Nervous times are surely behind us?

[onedayrodders] 25/9/2020 13:54

Think a bit more pain on the gold price before a bottom .. maybe just above $1800

[excellance] 24/9/2020 16:51

It may aswell be for some companies I could mention, or at the bottom of the sea...

[nevgroom] 24/9/2020 14:10

There be gold on that there Moon!!!

Interesting article



Perhaps the board have teamed up with Space-X to get some AU from the moon and that's why they've been incommunicado ;-)

[excellance] 24/9/2020 12:23

The next rns could go a long way to calming nerves. The inflection point appears to have been an infliction point unfortunately.

[jc2706] 24/9/2020 07:33

The only ugly rumours were on bulletin boards as the information vacuum was filled.

[nevgroom] 24/9/2020 07:30

"ugly rumours"?

I can only find this, not great but, circumstantial journalism at best....

[excellance] 23/9/2020 21:07

Having said that, there was some ugly rumours after the recent yacht disaster, and tho there's been no further whispers who can say what will emerge.

[excellance] 23/9/2020 20:36

$1750 looks very possible, likely even, but I doubt ALTN will fall to a penny.

I'm fairly confident that gold will be considerably higher by Xmas, and ALTN with it.

Brexit talks
Trump election
Covid 2.0

It's ugly out there, so there will be more QE and liquidity.

Will a bank or two go bust?

[bsg] 23/9/2020 19:31

Gold to $1750 this under 1p.

[tightfist] 23/9/2020 19:30

If you are well-timed you could get 10% trading spread - I don't think I have seen reported trades any closer. MM's are having a field day - for the time being..... .IMO trading is verboten - one needs to believe in the medium term investment proposition?

[goodgrief] 23/9/2020 19:21

1.366p - 1.599p is as close as it gets!

[ilostthelot] 23/9/2020 19:19

Quite some spread here. Can you usually deal within it?

[excellance] 22/9/2020 15:43

Mind you, gold minnows do suffer huge swings, just look at AAZ when they dropped from 165p to 80p before powering up again.

Low volumes mean wide spreads and very volatile prices, so I'm hoping that the 154m bounty shares are intended to provide liquidity from October onwards, and that we'll get good news to bolster that.

Seems to me that Q2 was about maintenance and bedding in new equipment. They even held product back to go towards Q3 numbers, so there really ought to be a significant step up in H2...so in my opinion this is now all about a longer term view than merely 2020, but 2021 and 2022.

From that perspective an share price of 1.4p is very good value.

[excellance] 22/9/2020 15:30

Gold is showing some backbone today, so I wonder if the ALTN share price will too?

[highly geared] 22/9/2020 15:14

Gold miner with 5 million reserves and 3 million + resources, a mine and a load of exploration acreage etc. worth £36 million. With loans etc, enterprise value sub £75 million. Gold $1900. Give me a break !

[cyberbub] 22/9/2020 14:37

Trades at 1.30p and 1.60p... a genuine (not just published) 25% spread, is madness...

[cyberbub] 22/9/2020 14:16

I suspect the 706k trade at 1.41p is a buy, more or less matching the sells at 1.40p, of true then someone got a bargain...

[king suarez] 22/9/2020 12:47

Gold price near record high, interest rates near zero, mass fiscal stimulus and junior gold miners priced like explorers - if now is NOT the time to be building positions in the junior mining sector, then when is?

[cyberbub] 22/9/2020 11:53

Someone did say last week that it wasn't impossible from a technical viewpoint to see 1.4p on the bid... And now we have it.Let's hope today is 'the bottom' - or thereabouts anyway.GLA