Altyngold Share Discussion Threads

[excellance] 23/12/2020 12:20

Exactly.

This year is all about optimising the plant, developing the mine, getting finance sorted, and, reorganising thr capital structure in anticipation of significant growth over the next several months.

"Inflection point"

We are at the dawn of a new era.

[thecoyone] 23/12/2020 12:14

They are clearly making plans to expand production as per this RNS re the tailings storage facility.



Great entry point for those seeking a growth story.

[onedayrodders] 23/12/2020 11:42

Share price of 4 pound in the ground is great .. but can you imagine if they actually become "professional miners" and reach company statement target of 100k ounces per annum.

Yes I'll take 4 pound but the share price has the potential to assist early retirement for us from these levels.

ODR

[excellance] 23/12/2020 11:35

Didn't they have a backlog of ore previously mined due to mill downtime?

They have a veritable mountain of low grade ore to process.

They are digging their way towards higher grades, and will likely blend it in to smooth the flow, but it takes time.

Ideally we'll be mining 3 or 4 faces simultaneously and the mill will be working 24/7, and that must be our medium term target once the plant is optimised.

Then it's over to TS to develop mine number 2

[tightfist] 23/12/2020 11:06

Yes, the prospective gold in the ground is great and the cost of Kaz. operating seems favourable too. However, the grade is unimpressive...... After the Spring they were said to be making their way through to the better ore at Seki. What was the latest we heard about that?

[thecoyone] 23/12/2020 09:41

Bought back in today, to good to miss, I made money here earlier this year buying the lows, it moves fast.

£2 is nailed on.

[space_dust] 23/12/2020 09:31

6m ounces of gold in the ground would equate to a low case 'in ground' value of around £120m that equates to £4 per ALTN share !

A gift at current levels therefore, more-so as they could increase those reserves.

[excellance] 23/12/2020 09:19

Looking good now

[upthepool] 23/12/2020 08:41

More than doubled my holding this morning. Brings my average down after hastily first getting in at over 2 pounds....doh.Looks well oversold to me, so hoping for a significant bounce back.I use first direct for dealing, and recently my trades have not shown on the advfn trades page, not even delayed, which is a bit weird.

[goldenshread] 23/12/2020 08:35

Bouncing as I expected, the floor was found around £1 and now I expect to see £1.50p/£1.75p as buyers return.

Materially oversold from £3 reached in late August.

[excellance] 22/12/2020 17:00

Spread is about 6% maximum at the moment I think.

Yes, the company has been repackaged for new investors, we are at the dawn of a new era.

While production is continuing throughout this year of development we should be focusing on what the company will look like once the work is done and ignore the current state of production.

Once we get to 100,000 oz pa and paying a dividend we'll be in totally different place.

We need to closely analyse development updates and not forgetv TS and further drilling.

I can't wait for the next strategic review update.

Roll on 2021 exciting days ahead.

[space_dust] 22/12/2020 16:04

Spread has reduced significantly, are the market makers expecting some decent volume ahead I wonder?

Now is the time to get in, it's hideously oversold, a base seems to have formed, as mentioned dropped on very low volumes.

[goodgrief] 22/12/2020 14:53

That consolidation really seems to have narrowed the spread. I didn't take a bigger position originally as spreads at the time were more like 20%. If you ever had to sell, you'd be crushed at the exit door!

[excellance] 22/12/2020 14:27

Folk just don't know how to value this.

Based on current production, future production, or assets still to be discovered and mined?

Currently it is priced based on a low level producer with no growth potential.

That can't be right.

[brasso3] 22/12/2020 12:57

It got a head of itself at 300p based on that last quarter results. I think 200p is a fair price based on where we are.

[brasso3] 22/12/2020 12:07

Had a little top up this morning. I think gold will drag this back up to 200p regardless of the company performance.

[goldenshread] 22/12/2020 12:04

I see at least 50% gain from current levels, it is pretty clear this has been manipulated down on low volume.

£1.50p is a realistic 1st target IMO.

[c0lin1] 22/12/2020 11:23

nice spread

[space_dust] 22/12/2020 10:02

It's all about the gold price and investors seeing bargains, if the gold price rises through $2000oz all boats rise, some will rise faster than others.

A stock like ALTYN that has fallen about 60% is more likely to show a larger % gain than others that have already risen 200%+

Buy when it is quiet and reap the rewards, this has dropped on tiny volumes, the reverse can (and will) happen at some point.

[onedayrodders] 22/12/2020 09:07

As long as we don't end up watching a pantomime HG;0)

[highly geared] 22/12/2020 09:01

We need to look on this year as perhaps a poor dress rehearsal for what we now expect and demand in 2021; a first class performance with no slips ups. The theatre has been heavily financed over the last year and should be in a much improved and refurbished state to enable a good performance...

[onedayrodders] 22/12/2020 08:58

Recovery was always going to be geared from Q4 and 2021 but judging by the share price some who got aboard wanted it much quicker.You are right about the asset though, but it's about monetising it at the end of the day

[onedayrodders] 22/12/2020 08:55

I'd say you are missing the longer term experience from holders here including news blackouts and total disregard for shareholders... the company started to make all the right noises and produce quarterly updates but the last one was late and uninspiring.So a sense of 2 steps forward 1 step back IMHO