Altyngold Share Discussion Threads

[stevea171] 12/10/2020 21:21

1.5 million buy at 2.14p reported late. £32k.
Takes out all the 2p and lower sells today ...

[king suarez] 12/10/2020 20:36

If you're a fan/believer in Elliot Wave theory you could say we had wave one from 0.5p to 3p, wave 2 from 3p to 1.5p and have started the wave 3 from 1.5p to ?

[onedayrodders] 12/10/2020 17:49

Seems some intent of getting out the closer it gets to 2p.

That irritating "round number" target period to get through again

sighhh

[excellance] 12/10/2020 13:16

Yes, frustrating, but heading higher nevertheless.

[cool hand kev] 12/10/2020 10:53

Bid:1.755p Offer:2.19p

The spread is ridiculous :-(

[excellance] 12/10/2020 10:34

the 154m bount shares are tradeable today, so all we need is positive news and off we go!

no liquidity problems

[excellance] 12/10/2020 10:28

even if they have 10 billion worth its no good if they cant turn a profit.

the multi year delay was because they needed cash and wanted a decent non dilutive deal, and now they have that, and the price of gold is rising, so the delay is over!

[highly geared] 12/10/2020 10:22

Altyn’s reserves and resources are notionally valued at c. $2 Billion. Once they demonstrate they can mine more gold profitably, the huge value discount should start to close. Equally, it could be sold you would hope , for several multiples of the current market cap.

[excellance] 12/10/2020 09:11

1.87/2.15 now

8(

[excellance] 12/10/2020 09:06

2.00/2.15

im convinced the spread is narrower, and the share price is rising on just about every trade, tho volume is low

[cyberbub] 11/10/2020 09:16

You make a good point about resources.Another comparator is of course EUA which many on here have first-hand experience of.Russia based, it's barely mining anything compared to Altyn, and only has 2M ounces of palladium (similarly-priced to gold) in higher resources. To be fair it does have a further whopping 12M Oz in 'inferred'-type categories, but who knows how much of that will be mineable.However Mr Market is currently valuing EUA at GBP *1 billion*.So resources and reserves are definitely highly-valued at EUA! Imagine if Altyn's big reserves were valued at even half EUA's, say £500M... 20p a share!

[excellance] 10/10/2020 22:15

I agree with all of that...

[highly geared] 10/10/2020 21:43

Nice post Stevea171. Peer group comparisons are good as it provides a sense of reality in terms of how the market values a particular company.

Thinking strategically , the $10 million bond issue had to be highly incentivised to get it away and it completed at the end of June. It seems this and the $17 million bank loan, collectively comprised the Capex investment required. Further, the $10 million being received in July, this enabled Altyn to purchase further plant and commence mine development ( shafts/Declines Ventilation Etc.)

From this , I’d speculate that an optimised production year will be seen in 2021. Toward H2 2021 , we should get news on the TS Open Pit starter operations.

Putting this together, assuming the gold price maintains current levels or moves higher, I’d expect steady Share price progress over the next 6-9 months , with a big acceleration in H2 2021 when the full impact of 2020 Capex is seen.

[stevea171] 10/10/2020 20:51

ALTN Mkt Cap: £50 million.

Valuation comparison from LSE. "A good read across for share price is Trans Siberian Gold - they are valued at approx £90 million which would be 3.3p per share here. Very similar profile, operate in Russia so some political risk (I'd argue higher than Kazahkstan), has a family owned majority stake, similar levels of net debt.

TSG currently produce approx 40,000oz per year, based on Altyn development, if execution is successful Altyn should exit this year with a run-rate into 2021 of 30-35000oz per year, so slightly lower, however in Altyn's favour are far more reserves and a much clearer path to increase production further up in the coming years, which in my view should give it a premium to TSG even if production is slightly lower.

So execution dependent (and of course gold price), I can see this in the range of 3-4p, potentially even up to 5p, if Q4 gold sales of 7000-8000oz can be achieved."

[cyberbub] 10/10/2020 14:25

If gold breaks above 2000 again and looks like holding (I'm not convinced yet), and it's clear from the next results that production is continuing to increase, then I would personally see a rapid rise to the 4-5p range.

[onedayrodders] 10/10/2020 13:58

Great finish on GOLD ... I think the next leg up through $2000 is imminent.

[highly geared] 09/10/2020 19:03

Nice finish on 2p. Steady as she goes. Gold looks to be starting another leg up.

[block4gooner] 09/10/2020 16:12

1,500,000 Buy earlier not viewed on here

[excellance] 09/10/2020 15:58

oops, wrong thread
8)

[jc2706] 09/10/2020 15:54

Unfortunately ALTN doesn't produce any. Still, gold and silver going ok.

[excellance] 09/10/2020 15:33

palladium is up over a hundred dollars today!

[cyberbub] 09/10/2020 15:31

Looking good. Probably due to the POG rise. I think we need to close above 1950 for a few days to break the POG down channel though...