Altyngold Share Discussion Threads

[stuie] 06/1/2021 15:50

IG showing 119.58 sell 130.45 buy but say the market is closed to open , you can only sell.

[stuie] 06/1/2021 15:01

They are trying to shake out the people who have just bought in.

[excellance] 06/1/2021 14:12

Seems bizarrely illiquid at the moment, as if the mm doesn't want to allow much trading. There must be something going on behind the scene.

[michaelfenton] 06/1/2021 09:31

yes space_dust it is hard to buy - I only managed a 1000 share ADD and I struggled to get that. Sopmething afoot?

[grimreaper2019] 06/1/2021 09:30

Placed a limit order yesterday for 5000 @ £1.33p when the advertised offer was £1.30p, checked this morning and they managed to fill 13 shares only, yes THIRTEEN shares only, what a farce !!

Underwrites my theory the current price is false and it is only a matter of time before the rise continues.

[space_dust] 06/1/2021 09:17

The bulls are still in command here despite some despicable tactics by the market makers who have tried every trick in the book to deter buyers, shutting off online buying, wide spreads and false prices.

The fact they are still demanding close to full offer should tell you all you need to know.

[excellance] 05/1/2021 14:26

137.5 paid

[excellance] 05/1/2021 13:21

Doing well again today.

Exciting times ahead for sure.

[mrmcnee] 05/1/2021 11:23

Can't be many gold producers trading 50% below their recent high, in the case of AltynGold it was £3.05p reached in August.

I suppose this is why it's hard to buy right now.

It's cheap alright.

[novicetrade68] 05/1/2021 08:39

If I remember correctly they sell to either the state bank of Kazakhstan or the countries' biggest bank, and believe they always get a small premium above the spot price for their output.

[tightfist] 05/1/2021 08:30

Interesting...... however, hasn't AltynGold been obliged for many years to sell all its Gold production to the Kazakh state, albeit at international prices? May be worth looking at their contractual obligation terms.......

[space_dust] 05/1/2021 08:10

Ditto as yesterday, cannot buy anything online, premium being asked for only 3500 shares.

Market seems to have been caught on the hop for ALTN shares.

Going higher.

[excellance] 05/1/2021 01:46

Sounds great, but Altyngold need to prove that they have a profitable mine to sell. Still a bit of work to do on that front, but they've been working on that for a year now and I expect to see results of that fairly soon.

Phase two is where the real money will be made, and that can only be a year or eighteen months away.

Exciting times ahead.

[cosmictraider] 05/1/2021 01:19

Speculation about the recent appointment Thomas John Gallaghe as a Non Executive Director to Altyn Gold Plc appears to be gaining some weight in international circles of late.Could it be his close associations with Eurasian Bank , Kazakhstan where he was advising on matters relating to investment banking for wealthy clients from Kazakhstan & Russia but also especially in Switzerland.Switzerland has the highest gold consumption per capita in the World and it is no secret that they mint, supply and store gold for most of the western world. It's also no secret that gold is in very short supply at the moment due to dwindling gold mining assets around the world. Now how useful would it be for them to acquire such an asset as Altyn Gold Plc ?

[grimreaper2019] 04/1/2021 23:05

More upside tomorrow for certain, seems it's been hard to buy all today according to the earlier posts, typical sign market makers are struggling with demand.

I would not be surprised to see settlement problems, if that is the case they need to attract sellers, another reason why this is going far higher.

[onedayrodders] 04/1/2021 18:45

A very encouraging day all round

[novicetrade68] 04/1/2021 18:40

Yup and gold too still holding very well atm near the $1940 from earlier.

[highly geared] 04/1/2021 17:30

Decent day at 130p close. Would like to see us back over 150p and consolidate, ahead of ongoing news.

[excellance] 04/1/2021 16:09

Probably a similar day tomorrow, another 10% to get us near 150p.

[excellance] 04/1/2021 15:32

So pleased I piled in when I did, after seeing a fortune in gains halved.

Delighted with today's developments, and there's a lot more to come.

[excellance] 04/1/2021 15:26

We are in a rising market, but add to that the millions of pounds spent on mine and processing development and we will see significant increases in production.

The drop was partly due to the Consolidation, which scared a few buyers and holders off, and also our quarterly production numbers have been a bit anaemic.

Next quarterly report for Oct to Dec 2020 is in about 4 or 5 weeks.

[onedayrodders] 04/1/2021 15:24

Indeed ..well beyond recent July high for starters

[cyberbub] 04/1/2021 15:01

Grim, if gold keeps climbing then I think most people here are hoping for a lot more than £2 over the next 12-18 months...

[grimreaper2019] 04/1/2021 14:18

I am here for £2+, interesting this is still neutral on the Relative Strength Index which means there is far more upside ahead before it becomes overbought.

Check the volume from £2, dropped on tiny volumes, indicates a 'false' fall IMO.

Classic recovery play.

Cheap.

[onedayrodders] 04/1/2021 14:14

well done ilostthelot ... keep adding please

;o)