Altyngold Share Discussion Threads

[cool hand kev] 14/12/2020 09:37

Is this the start of the share price reversal

[mrmcnee] 14/12/2020 08:34

The tip sheet refers to Altyn having JORC 6.68m oz of contained gold.

A 'in ground' valuation of $25 an ounce would equate to £165m verses the current £28m m/cap, equates to £6 a share.




'There is significant production potential here, with the key Sekisovskoye asset in Kazakhstan having most recently estimated JORC gold mineral resources of 6.68 million ounces'

[excellance] 14/12/2020 08:26

135 by close today

[grimreaper2019] 14/12/2020 08:23

Looks like the short squeeze has begun, this is illiquid, the up move could be significant.

Good luck trying to buy in size, the market makers will react accordingly.

[onedayrodders] 14/12/2020 08:20

This thread has turned really weird last 10 days or so ... lots of new posters, seems to be some bashing, justified and not, useless one liners or statements.Defo feels like we've attracted a dodgy following.Hopefully they eventually breeze through like a fart on a summers day

[silverspoon2009] 14/12/2020 08:01

The consensus seems to be buy as the fall is overdone.

[grimreaper2019] 13/12/2020 19:26

The short entity looks to have stirred up a hornets nest playing with the Altyn Gold share price, would not want to market mix with the High Net Worth folk behind the tip sheet in such an illiquid stock.

Will the plumbs close positions early next week or wait to get burnt to a cinder as the bulls take control.

Bear squeeze coming.

[onedayrodders] 13/12/2020 14:41

which tipsheet is that MrMcnee

[stockknobjockeyvanbookstino] 13/12/2020 11:50

Will buy a few more back myself 😀

[mrmcnee] 13/12/2020 11:41

Tip sheet has commented on ALTYN over the weekend, basically says can see no reason for the fall.

I think others concur the fall from £3 is overdone to say the least.

[excellance] 12/12/2020 19:49

Well, I'll be going in large next week.

[krobertson878] 12/12/2020 19:39

90-100 buying level here

[wealth_creator] 12/12/2020 18:46

Algorithm trading is taking this down - plain to see - for the astute eye.

Study trades on Friday - 66 in total - 28 of these were two digit numbers (e.g. between 1 and 99) separately there were 4 or 5 3000 AT trade sales - same characteristics earlier in week.

Looks like boutique house has latched onto the ludicrously low free float - retail panic sell enhancing the density of the fall - short via CFD or Spreadbet.

Bulletin board workhorses placed to cast seeds of doubt - classic switch and bait operation.

Trader will switch sides when least expected - RSI is now 20 - equates to a dynamic oversold position.

Pity the wine bars in Canary Wharf are closed - time to go long soon & profit.

[excellance] 12/12/2020 17:25

I think that is my point.

That the way we value our investment choices often doesn't make much sense, particularly when compared to others.

We value ALTN based on current production, but is that realistic?

Don't we all expect production to eventually double, and eventually double again?

Do most of us think this is impossible and won't now happen?

[jc2706] 12/12/2020 17:22

Glavey,

As production levels increase I think it very likely that the AISC will reduce substantially. It is not necessarily a linear relationship though!

[jc2706] 12/12/2020 17:20

excellence,

The market capitalisation of the companies you quote are buoyed by hope of a big find. Dare I say that EUA is similarly buoyed by hope that a buyer will be found and that it is judged on prospectivity.

Unfortunately ALTN is judged by production and finance numbers and the market was expecting the investments to begin to be seen in the gold poured rather than just the amount of ore dug out. Also unfortunately, the market for ALTN is dominated by PIs who have a tendency for reflex behaviour, both on the upside and on the downside.

No the market capitalisation doesn't make a lot of sense given the asset but it is unlikely to achieve what would be considered a more reasonable valuation until they manage to get production numbers up.

I remain optimistic but this is tinged with caution.

[glavey] 12/12/2020 17:19

But what will the AISC be?

[excellance] 12/12/2020 11:22

ECR now has mkt cap of £19m and hasn't started drilling yet, no production.

CHF has a fully diluted mkt cap of £14m and hasn't released any assay results yet.

ALTN has a mkt cap of £27m but is producing revenues of £25m pa, has all of the drilling time and costs and mine/processing plant development time and cost behind it...

Yes, we know that at current production levels we aren't making enough cash to fund further developments, but the local Kazakh Bank is happy to drip feed us the required cash via cheap loans, and I assume our revenues are sufficient to cover loan management.

£27m mkt cap?

Are you kidding me?

$30m revenues pa!

When production rises to 2500oz pcm, will we still be suicidal and looking for a bridge to jump off?

What about 5000oz pcm?

What value then?

Most of the years of work and millions of dollars Capex are behind us, now we reap the rewards in 2021.

[glavey] 12/12/2020 07:06

What are the lines on the charts indicating? They seem to be at quite random points.

[wrighty46] 11/12/2020 18:53

Not a week I was expecting. Hey ho onwards and ........????

[excellance] 11/12/2020 16:20

These are the dark days before Xmas.
🎄 👶 😇 🍗 🍷 🍻 🍫 💳 ❄ ⛄🎄 🍷 ⛪

[vish65] 11/12/2020 15:46

Typical . It takes them 2 days to update the website ,which hardly anyone looks at, but 11 weeks to update the market with a miniscule quarterly report ! 😁😁

[stockknobjockeyvanbookstino] 11/12/2020 14:59

If you look at the updated website, I wouldn't be surprised if Mr Gallagher had oversized boots and his bow tie span around....... 😀

[silverspoon2009] 11/12/2020 13:20

The tiny constant sells of 5 10 100 250 etc are designed to attack the bid, it is a clear tactic of shorting more-so in a illiquid stock where the free float low.

Add to the mix the troll bashers with stupidly low target prices, it is obvious what is going on here, at some point the tide will turn.

I have bought in.

[excellance] 11/12/2020 12:29

To me that was a signal that a decision had been made. What else could it be?

Was it merely a casual observation that "my goodness our shares are popular at 3p" or was it a realisation that some plan they have could now go ahead?

Fact is there is appetite for gold producers in the market, so raising cash in that market is possible and may be the best option, buy how do we get from where we are to where we want to be, to get access to that cash?

Enter Mr Gallagher advising behind the scenes, and now offered a directors chair.

So, what share price is reasonable to raise cash?

Is there already a deal in the making, and the big boys know what the share price will be, so there is opportunity to short this down to the "deal" price?

Well, at 3p our share price really had got well ahead of itself.

At 2p I think we were at the top end of reasonable valuation but there was a lot of optimism to justify it.

At 1p we are looking lost and lonely, loss making and desperate for recapitalisation...just like RMM recently tho nowhere near as extreme.

At least our local Kazakh Bank have our back, and are ok with lending the cash we need at very competitive rates...and that tells us all we need to know!

So, a new investor will soon plough money and knowhow into us at an share price they see as reasonable....