Altyngold Share Discussion Threads

[stockknobjockeyvanbookstino] 17/1/2021 09:44

African Resources also converted loan notes into 600.000.000 shares at 3p and also significant bond conversion at 3p.

[stockknobjockeyvanbookstino] 17/1/2021 09:33

Mine 150.000 tonnes. Mill 200.000 tonnes using part of stockpiled ore. Pour 8,500 - 9.000 oz.

[excellance] 17/1/2021 09:25

Q4 production numbers will be out in 3 or 4 weeks, do any of us expect any marked uplift in gold poured?

[stockknobjockeyvanbookstino] 17/1/2021 09:09

That confusion came about as they subsequently paid Blackwill 3p for a further 9% of the Co.

[cyberbub] 16/1/2021 21:48

https://www.proactiveinvestors.co.uk/companies/news/41813/hambledon-mining-receives-offer-for-60-of-company-from-kazakh-mining-family-49856.htmlSo people who said on these boards that the Assurbayevs paid 3p (old money) for their shares were wrong - it was 2p (200p new money).If the market cap in the article is correct though, there were only 600M shares (6M post-consolidation) in issue at the time - that's more than trebled today.

[stockknobjockeyvanbookstino] 16/1/2021 14:42

...... and then they took the share price down to 0.3p, which is where I bought back in.

[stockknobjockeyvanbookstino] 16/1/2021 14:03

Bridgen/Hambledon was facing tailings dam failure fine of $9m, sold out to Kazakhs for 2p, Kazakhs got fine overturned......

[stockknobjockeyvanbookstino] 16/1/2021 13:52

Taken a look at FAR, looks interesting but will wait for the mine to be built. I always felt Bridgen was muscled out of Hambledon by the Khazaks....

[cyberbub] 16/1/2021 13:12

O/TJC2706, good post. Personally I think that if FAR get their small plant finally completed (shortly), that will provide a decent cashflow and make it much easier than usual to raise what is a relatively small loan for capex. They only need $100m for 'Stage 1' which is modest on the scale of mines.

[excellance] 16/1/2021 12:31

That's how I see things panning out, and why I bought another 10,000 yesterday.

[king suarez] 16/1/2021 11:26

If they can get to say, 80k production with a margin of $1,200 or so, without taking on any further significant debt - that should support a £300m market cap given the size of resource here?

P/e would be something around 7 at that point - not too demanding for a 6m ounce resource producer?

[brasso3] 16/1/2021 11:04

JC

Does ALTN really need a 'massive' increase in production to 10 bag from here? I think 3 or 4 quarters of consecutive increases in production and a gold price of $2000 - $2300 would be sufficient.

[jc2706] 16/1/2021 10:54

Just to expand on that (as I wrote it at 4am!), in my opinion, whilst BMN and FAR require certain stars with varying levels of probability to align to 10 bag (BMN - successful significant production upgrade, VRFB adoption take off, Vanadium price surge; FAR - significant capital raise, high volume production commencement at Balasausqandiq, Vanadium price surge), ALTN requires two things that I think, combined, are more likely-gold price surge and massive increase in production.

[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.