Altyngold Share Discussion Threads

[observer007] 26/11/2020 22:53

Cannot fully understand the somewhat negative commentaries here, surely the share price fall simply reflects the fall in the gold price, ALTN chart is no different to many producers.

Get a decent move up in the gold price I am quite sure ALTN will bounce hard.

[jc2706] 26/11/2020 22:31

I would say that the chances of them selling down to a minority stake are slim to nothing. Unless, of course, a major takes over. But if that were the case both parties would insist they go to zero I would imagine.

[e43] 26/11/2020 17:43

I would far prefer if they sold say 50% of their undeveloped project and get a good partner,rather than an avalanche of new shares.

[excellance] 26/11/2020 15:08

Raising more funds may well reduce the directors family majority to a minority.

[jc2706] 26/11/2020 14:55

Whilst our opinions are of no import whatsoever to a company that is 70% owned by one entity, I would like to see some evidence that they have progressed with operations as a result of the last capital injection before raising more funds.

[excellance] 26/11/2020 13:49

I doubt the BOD would sell their shares to an investor, more likely to issue more, say 3m shares at 125p with warrants for another 3m at say 175p.

At current production levels we must be making near £10m operating profit too, to add to the current account.

I have a feeling we'll see something like this soon.

[c0lin1] 26/11/2020 13:42

their last one was after hours and was okay. Anyone else I would agree

[onedayrodders] 26/11/2020 13:40

I hope we don't see an after hours Friday Q3 report

[highly geared] 26/11/2020 13:12

Excellence, I would be. It’s all about monetising the huge assets whilst gold is at elevated prices. The market doesn’t ascribe value to the CPR’s and reserves, so the way to do that it start digging it out of the ground faster.

If the BOD sold a strategic stake of their 70% to a major, who has the mining wherewithal to ramp up production and bring TS into production during 2022, it would massively change perception.

[king suarez] 26/11/2020 13:12

Would be a bit disappointing timing/price wise right now, especially as the company has just raised significant amount of debt capital - intended to facilitate enhanced production (and thus cash flow) and the gold price being strong.

Surely they can afford to wait a bit until a couple of quarters of increasing strong production and improvement in grades is demonstrated to the market and investor confidence improves/returns?

On the other hand, if they have already been approached by an institution/company wanting to take a decent stake they might see a strategic investment that pays dividends long-term - as you say, they have not (yet) demonstrated the operational experience to drive production forward significantly, so perhaps a partner might help expedite things a bit?

It does feel like the share price is being held down right now, but then we are seeing v little volume lately and many other gold stocks have retraced, so it is sector specific too.

[excellance] 26/11/2020 12:49

i cant help but think that there will soon be a major placing, and this is the reason for the share price weakness.

the mkt cap is just £37m so they won't be able to raise much money at these prices.

so, say they sold 25% of the equity to a major, raised say £10m, and had a major strategic partner with all the experience, resources, cash, and, contacts to draw upon, would we be happy?

[excellance] 26/11/2020 12:06

good news can come out of the blue, when we least expect it.

look at CHF today, they are awaiting assay results from drilling but the news they got was that Polymetal have bought a 22.5% stake in the company.

I think ALTN are planning something similar, with appropriate NDA so they don't have to tell us anything, and this explains the veil of secrecy and odd corporate action.

We will be the last to know as is always the case, but when the news breaks i'm fairly sure it will be extremely positive.

Everything they have done has been done for a reason...

[excellance] 26/11/2020 09:58

This just needs a little time, to reset, and rebuild confidence.

I think we are all a little anxious because of the events of this year. The yacht thing, the share price drop, the recent weakness of gold, the Consolidation, and on the ground there was the mill downtime, and the vague rns about tailings ponds to prevent interruption in the future which some took to mean we've had such interruptions this year, and now we have delayed Q3 report...

So confidence is low, and the share price performance is a reflection of confidence.

Now the company need to rebuild that confidence with straight talk and solid results on the ground.

[tightfist] 26/11/2020 08:14

Hi KS,.Agreed personally - but a lot of investors fight shy of "penny shares", maybe they have heard speculative tales or had their fingers burnt - some members of my investment club think that way and fails an easy rejection test! share price can also be a ready signal of past dilutions (though not in ALTN's case) or historic poor performance and hence warning signs..Maybe that is our opportunity, as the share price has definitely been put instantly into respectable territory!.Cheers, tightfist

[excellance] 26/11/2020 08:00

Massive news at CHF with POLYMETAL taking a 22.5% strategic stake

[onedayrodders] 26/11/2020 07:46

USD index as weak as my old nan's tea (bless her)Let's hope that's the last time ever with a 92 Just need ALTN to kick on now Fingers crossed ODR

[e43] 26/11/2020 07:34

Good post KS,all we need here is some news that increased production can be sustained going forward, market cap v undemanding at present

[goodgrief] 25/11/2020 17:22

If the spreads have narrowed that's good enough for me! Spreads before were ruinous.

[king suarez] 25/11/2020 16:26

By what logic would that affect the strength of any share movement? The percentage of free float is what matters IMO, not the total number of shares held.

If a share re-rates to double market cap (for example) that previously had billions of shares in issue it just means people are buying 10s thousands of shares now at a time, instead of tens of millions of shares for the same value following consolidation? Key is how many/% share holders are willing to give up their shares to the market/buyers at any particular bid price. If no-one wants to sell then MMs have to raise the price to attract sellers - this happens whether there is one share or 1 trillion shares held in sticky hands.

ALTN rose plenty fast enough pre-consolidation and will do again if buying appetite returns at the same rate. If ALTN were actually purchasing and cancelling shares in free float with cash to reduce the no. of shares in issue, that would be a different story - as it would affect liquidity and % free float.

When I'm buying shares in a company I don't care whether I'm buying a million shares or 10 shares, I care about what those shares represent i.e:

1) How much cash I am putting down
2) What the market cap of the company is

[cool hand kev] 25/11/2020 16:22

When good news does come the share price will move faster with less shares in Issue IMO

[onedayrodders] 25/11/2020 16:16

That's the theory anyway !

[observer007] 25/11/2020 16:16

One wonders if they are going to list in the US, Caledonian Mining had to do a consolidation to do so as did Phoenix Copper.

The share price has been driven down by very small volume, it works both ways, at some point the share price will turn up.

I think this is a interesting proposition at current levels.

[cool hand kev] 25/11/2020 14:56

Ok thanks 😊

[onedayrodders] 25/11/2020 14:37

Hi.... the USD Index is a good indication of the direction of gold ... anything under 92 is said to be critical support and an indication gold is set to move significantly higher