Altyngold Share Discussion Threads

[mikro1] 23/10/2020 16:46

Excellence - agreed. And if they do ramp up production the AISC should drop further to ensure profitability even at $1200 or so..

[excellance] 23/10/2020 16:19

From the sofa?

[stonefold] 23/10/2020 16:12

They could save on the ventilation costs.

"..Remote-control technology they can now work off-site, controlling their machines from afar..."

[excellance] 23/10/2020 13:27

Even at $1500 we will be ok, but at $1900 or $2200 we will be making fortunes.

[mikro1] 23/10/2020 13:21

Slowly but surely, this company is delivering. I would say the turnaround is half way now.. if the gold price stays where it is for another year we should all do very well!

[jc2706] 23/10/2020 11:28

Of course, it could retrace to $1500 and then go to $3000. Anyone who thinks that gold has peaked is unlikely to be invested in gold miners.

[glavey] 23/10/2020 05:49

"If POG hits $3000 in the next couple of years then could be worth 3x that."

...and if it retraces to $1500?

[onedayrodders] 22/10/2020 20:31

For those that like technicals, You might enjoy this chart commentary ... quite convincing and around 2.35 secs explains why Gold is having trouble around $1930



ODR

[cyberbub] 22/10/2020 18:00

I wouldn't trust Goldman's (or any of the big banks, but especially the vampire squid) as far I could throw them. They're notorious for saying one thing and doing the opposite. And they've just had to pay out another $3bn in fines (on top of the original $3bn) for facilitating the 1MDB corruption scandal.

[highly geared] 22/10/2020 17:54

Long term 59 year gold price and M0 money supply ; values gold currently at $2400oz.
Discount being applied by the market of 20%. Let’s see if it closes when Us congress agrees the $2 trillion next bail out package that is funded by the FED buying up the T bills and ballooning it’s balance sheet toward $10 trillion...

[stockknobjockeyvanbookstino] 22/10/2020 17:45

Goldman's reconfirm their forecast of 2021 average $2,300 gold

[jc2706] 22/10/2020 17:34

We won't get another TR-1 now that he is below 3%. Unless, of course, he buys again. I wouldn't read much into that. Many PIs sell enough after a rise to cover their stake.

[stockknobjockeyvanbookstino] 22/10/2020 17:33

Cyber, yes he's trimmed by about c 3.5m shares, but that on its own would have kept him above 3%. Its the issue of 154m shares to Freedom Finance which took him below - I was expecting that RNS to be regarding the Freedom holding rather than Rowes, as they now hold 5.6% of the share capital.

[cyberbub] 22/10/2020 17:01

Our HNWI friend from Manchester is trimming his holding... As he's gone below 3% will we get any further TR-1s if he keeps selling? Not a great sign. Nor the POG being pushed down again...With the consolidation companies usually round people's holdings down to the nearest 100, gather up all the fractional shareholdings and sell them and keep the money for the company. Although most shareholders probably have round-number holdings, there will be a few losing up to £1.99 each... Hardly something to lose sleep over!

[excellance] 22/10/2020 15:59

i was joking kev...

[cool hand kev] 22/10/2020 15:55

excellance so should all share round up or down their holdings to the nearest 100

and what happens to the surplus or deficit if they don't I thought that
share holders were refunded the difference?

[goldenshread] 22/10/2020 15:32

I have been watching this for a few months, it is interesting, all of a sudden, the market is happy to take quite large lines of stock from you well above advertised bid.

Usually when the above happens it either means that someone is happily accumulating in the background or market makers are happy to take stock onto the book in anticipation of selling those shares far higher up.

It seems a good time to accumulate, assuming they will let you buy in a reasonable size.

[excellance] 22/10/2020 15:26

Just Josh rounding off so his holding is divisible by 100

[cool hand kev] 22/10/2020 15:21

Is that RNS some sort of clue of a Major Holder materializing?

[king suarez] 22/10/2020 15:14

Definitely feels indicative of a marked change/expedition in ambitions..

[bsg] 22/10/2020 15:11

I should hope so with a 100:1 consolidation.. LOL.

[excellance] 22/10/2020 13:23

This will be up over 3p in no time...

[jc2706] 22/10/2020 13:21

Really difficult to judge as it depends on the major shareholder. Their execution is critical for development of the asset but their contacts may ultimately prove more critical in securing a good price. But we should be deep into gold mania by that time so who knows? I do think it will justify ten times the current price at the very least.