Altyngold Share Discussion Threads

[jc2706] 16/1/2021 04:18

I have to say that ALTN looks more likely to rise massively over the next few years than either!

[stockknobjockeyvanbookstino] 16/1/2021 00:13

LOL, Nick Bridgen (FAR) founded Hambledon Mining (now Altyngold) many years ago. Met him a couple of times.... been invested for some time here......on and off......

[excellance] 15/1/2021 23:55

Look at all of those single or double digit trades at 105 or 106p.

Clearly some skullduggery going on.

[cyberbub] 15/1/2021 23:08

:-)) No, just over the last couple of days...It's an interesting project, low capex and very low cash mining costs. Been delayed 9-12 months by Covid but potentially approaching an inflection point this year.Anyway I won't talk O/T any more. DYOR if you're interested.Nice weekend all.

[excellance] 15/1/2021 22:42

At 10.30 on a Friday night?

[cyberbub] 15/1/2021 22:36

I've been buying into another Kazakhstan miner if anyone's interested (FAR). I must like the country LOL - would love to visit someday!

[excellance] 15/1/2021 16:51

Mind you, the riot at capitol hill was a disgrace, but it was also very predictable and certainly avoidable.

Is Trump not gone yet?

I think the Dems would love him to have ten years hard labour on a reorientation camp, along with his 75m followers.

The USA is in a mess, and Trump exposed the rotten core of it.

Biden will cause the dilution of the dollar, and put taxes up for the rich, which will lead to cash leaving the USA for safer homes, and brexit Britain could be it?

[linz22] 15/1/2021 16:34

Odds-on it won't last as long as four years.

But, at risk of repeating myself, the forthcoming turmoil will be good for the gold price, and that of all other PMs, commodities, real estate, cryptos (such as Bitcoin) and, not least, mineral miners and producers (starting with today's pledge of nigh on a cool 2 trillion dollars in relief payments from the magic money tree).

After all, isn't that what long term investing is all about; visualising future events and allocating one's funds accordingly - to either profiteer from the outcomes or to preserve one's wealth by hedging against economic turmoil, or financial malevolence..?

The latter of which I've always presumed would apply to many LTHs here, of ALTN, and other gold/silver mining or producing stocks.

[linz22] 15/1/2021 15:59

Hmmm. Brace yourself.
I fear the 'worst president ever', as you put it, might just have been elected.

But, good for the gold price, mind...

[jc2706] 15/1/2021 15:54

I don't think that Brexit or Trump have had a long lasting effect on the gold price. As an example, if you look at the day the Brexit vote was announced, gold shot up initially but within hours it was below the initial point. These kind of events do not have lasting effect. I am sure that Trump would love to think that he moves the gold price in the long term but in reality he will be just a footnote in history. To find him, look under 'POTUS' and 'impeachment' - I am sure that it will have his picture. Alternatively, a Google search using 'worst US President ever' should return the same image.

[excellance] 15/1/2021 14:56

It could be because altyngold and others are priced on profitability, as a going concern, rather than NPV.

We aren't profitable at the moment due to the Capex on upgrades and equipment.

Then there's the price of gold in say 12 months or 5 years. Will gold be at this level now that brexit is done and trump is gone?

So there are known unknowns...

[brasso3] 15/1/2021 14:23

The way gold miners are being priced anyone would think $1850 is a bad price!

Look at the GDXJ compared to the gold chart. Gold miners are way undervalued.

[jc2706] 15/1/2021 14:11

Well, we have a market capitalisation lower than POW currently which is frankly ridiculous.

[excellance] 15/1/2021 14:05

I read through all of the last two years reports again last night.

I suggest you all do the same, to get a feel for where we are without the bb noise.

I can't say with certainty that this is the bottom, we haven't broken out of the down trend, so no chart confirmation, but I think we must be near.

FF paid about 97c per share, that's about 75p today, and they will want a markup of more than 5%, but can we see this dropping as low as 80p?

I don't think we will drop that low due to actual real tangible value of the company in the real world...but I could be wrong I suppose.

[livewireplus] 15/1/2021 12:54

Yes, indeed. I also believe in tea leaves - they have worked very well for me over time - although Excellance's double bottom does conjure up interesting images. This is on my watch list - will do a little more research to see if worth taking a punt ....

[cool hand kev] 15/1/2021 08:22

Thanks for your response Guys

[ilostthelot] 15/1/2021 08:21

My 130p buy is looking pretty grim now!

[excellance] 15/1/2021 04:20

At the end of last Q we had mined 90kt more ore than was processed, largely because of down time in Q2 and into Q3, but the company have bought a load of equipment, upgrades the mill and crusher, and uncovered higher grade ores, so we should see the gold poured number rise by approx 40 to 50% in coming quarters.

Also, remember those 154m bounty shares for freedom finance that raised $1.5m?
I think the reason we are down here is to do with the freedom finance overhang and that our production to date has been a bit thinner than we'd hoped.

[tonyfire] 14/1/2021 22:55

This site uses cookies for improving user experience (Review Cookie Policy)Accept Reject DismissGold output falls but revenue rises at AltynBy Sharecast NewsSharecast News | 08 Dec, 2020?17:28 14/01/21109.500.92%1.00Max: 112.00Min: 105.05Volume: 24,560MM 200 : n/aKazakhstan-focussed mining company Altyn poured 3,492 ounces of gold in its third quarter, it announced on Tuesday, yielding revenue of $6.31m.AdThe London-listed firm said the amount of gold poured was down from 3,610 ounces in the second quarter, although its revenue was up 38% from $4.58m.It put that down to higher gold prices, and the claw-back of accruals relating to timing differences of the sale of production to the refinery from the previous quarter.The company mined 134,715 tonnes of ore in the period, down from 143,400 tonnes, and reported contained gold og 6,794 ounces, falling from 6,930 ounces quarter-on-quarter.Altyn milled a total of 92,567 tons of ore, down from 94,057 tonnes, but reported an improved gold grade of 1.55 grams per tonne, rising from 1.5 grams per tonne.The board said it was expecting further improvements in grades in the coming quarters given the ongoing mining and reserves uncovering works.Looking at its finances, the firm said it was granted a supplementary credit line of KZT 3bn ($7m) from Kazakh Bank 'Bank Center Credit' (BCC).It said the loan would be repayable in instalments over a term of five years, with an interest rate of 6%, and would be used to increase processing plant output in line with its plans.During the period, Altyn took delivery of a JSB crawler excavator with a bucket capacity of 1.8 cubic metres, equipped with a buoyancy machine.It said the equipment would be used for loading ore on portals one and two, and crushing oversized ore."Regarding the Covid-19 situation, the company has put additional measures in place to ensure the health and safety of its personnel," the board said in its statement."There continues to be minimal impact on the production operations of the company, however management will continue to closely monitor the situation while cooperating with the relevant authorities."At 0124 GMT, shares in Altyn were down 12.23% at 122.52p.Last news?US close: Stocks end session lower as Biden unveils stimulus package?Norwegian Air ditches long-haul routes in boost for rivalsSharecast

[cyberbub] 14/1/2021 19:22

This share has always had a massive spread, the consolidation doesn't seem to have improved it. It's clearly due to the very low free float making it very volatile, and the MMs keep the spread wide to reduce their risk. I'm sure we worked out some months back that there could be well under 10% free float.

[wrighty46] 14/1/2021 16:27

I'm hoping for a Q4 update anytime on or after 11th February as a minimum. Corporate ops or anything else could drop anytime imo. GLA

[cool hand kev] 14/1/2021 14:42

So when are the next results please