Altyngold Share Discussion Threads

[jc2706] 01/10/2020 21:49

Really? I'm shocked!

[excellance] 01/10/2020 19:05

The PMI feeds through to inflation

[jc2706] 01/10/2020 16:46

I can't see inflation figures but PMI data came out today which may influence things. I doubt whether that would be sufficient to effect a longer term increase and I still think that the gold price has another leg down coming.

[excellance] 01/10/2020 16:31

apparently US inflation numbers are a little higher than expected, and gold is responding very positively as a result.

[excellance] 01/10/2020 13:28

gold is flying today!

[excellance] 01/10/2020 13:08

i dont think anyone got anywhere near 1.4p

i managed 1.59p

[brasso3] 01/10/2020 13:06

Nice report yesterday. I completely missed it! Wish I had of topped up now at 1.4p.

[excellance] 01/10/2020 12:52

meanwhile gold is testing 1900 dollars on the up side again.

8)

[excellance] 01/10/2020 12:49

a lot of finance companies are not considered "strong hands" and they often seek warrants attached to options then simply dump the option shares at cost plus 5% onto the msrket over a week or two, and they still have the warrants to exercise, and they make a decision on them when the time comes. companies like shard for example arent known for holding stock.

in our case, the options were an incentive, the price was probably calculated using volume weighted average over say ten days, but there may be a clause restricting the sale of the shares until say 12 months has passed, and of course no warrants were attached.

i think those shares are now largely already factored into the current sp, and that means the company can happily release good news in the knowledge that FF isnt going to merely dump into any rise.

"inflection point"

[king suarez] 01/10/2020 12:49

If FF can recycle the profits by doing a similar option exercise at another company(ies) then why would they not sell at any price above 0.75p for a quick buck? It's 100% risk free profits for them..

There is a difference between institutions that buy in for long-term based on prospects and the type of finance houses that are used to raise money (and get their cheap incentives for doing so).

[novicetrade68] 01/10/2020 12:48

I was under the impression these 150m shares are a bit of a wonga-fee for FF following the $10m bond raise, if they're going to hold longer term I think they should clarify this to the market, clears the air of suspicion ;-)

[nevgroom] 01/10/2020 12:38

Unless FF are strapped for cash, I can't see them selling anytime soon. Let's face it, they are just as capable as seeing the medium to long-term benefits of holding as are we.

[excellance] 01/10/2020 12:35

they aren't likely to just dump them are they...more likely to maintain a stable market, and if they haven't already sold or have a buyer lined up they may sell in blocks, but if you look at the chart it does appear that they have already been selling down.

[novicetrade68] 01/10/2020 12:28

As a L/T holder here I think FF or their London agent should just dump these 150m shares on the market (ideally asap) as otherwise I fear it is going to take months if not years for the overhang to clear on the regulated market, volumes don't seem to improve much here, but obviously depends how much of a mark up FF wants. If they dump them they will get their money faster and if it's attractive enough it could gives investors + LTHs a chance to buy more at a good price, average down or up etc etc.

[onedayrodders] 01/10/2020 11:44

Very reassuring report which for me sets us up again for a good run from here.

The tone of the report came across clear in that they are confident the recent ramp up in equipment and investment will be proven out further in Q3 and Q4 numbers, with the former just weeks away.

Q3 will give another boost as they must have seen Septembers early numbers / grades, and Q4 should be a real kicker to the share price

Hope its as easy as that !

ODR


and don't rule out another big leg up in Gold which will only add the the excitement

[onedayrodders] 01/10/2020 11:27

Good to see they added one of these in September too

[onedayrodders] 01/10/2020 11:26

Well done excellance .. you showed "big Kahunas" buying recently

[excellance] 01/10/2020 11:21

They could drip feed them at 0.75p +5% if they wanted, but I think they've already been sold on one way or another, either forward sold hence the share price dip we're in, or allocated to parties unknown.

[goldrush] 01/10/2020 10:38

Ekuuleus

LOLS....yep !!

[kinbasket] 01/10/2020 10:09

Don't the Freedom Finance options just create a massive overhang. They can drip feed the market at anything over 1p for as long as they have shares ??

[ekuuleus] 01/10/2020 09:29

!<¡>I'm a charter accountant as well

Ah, only to he expected then. KPMG?

[mackie] 01/10/2020 09:23

Shows as a sell but was defo a buy

[mackie] 01/10/2020 09:22

There is a 700k buy yet to appear.

[goldrush] 01/10/2020 09:15

cyberbub

My apologies too....and I am a chartered accountant as well....doh 😀😀