Altyngold Share Discussion Threads

[excellance] 22/1/2021 22:45

No idea what that is, but it's very common with this share.

I'm lead to believe it is algo market testing but I'm not convinced.

[tightfist] 22/1/2021 20:21

At 16.29.15 tonight, 8 trades, average tranches of 64 shares traded. Sound familiar?

[stuie] 22/1/2021 18:39

Sound investing, so many people don't think to take some profit off the table.

[excellance] 22/1/2021 15:27

It dipped under a pound a while back, and I bought 30,000 more shares. Sold a portion of those at 1.25 to give me more dry powder.

[bsg] 22/1/2021 15:17

If there is a overhang @ 80p then this should go under £1 as they don't seem to be shifting many at this price.

[excellance] 22/1/2021 14:52

Then, once folk can see on the chart that the trend has changed, things will motor on nicely from there.

We just need that good news that we've been waiting months for.

[excellance] 22/1/2021 14:50

Not sure how we can know when FF are finally out except that we'll see a change of trend.

I think that change is already on us, and ANY buying will cause the share price to rise.

Of course good news will be a major driver of that.

[broken_arrow1] 22/1/2021 13:48

Taken some today, a small number to start but I will continue to observe and add if the shares start moving higher.

Looking at recent RNS cannot understand why the shares have dropped 50% so therein lies the opportunity I guess.

[grimreaper2019] 22/1/2021 06:43

The post by Goldenshread makes a great deal of sense, Freedom are a financing company plain and simple, they would not hold stakes in gold mines, overhangs create opportunity, without this overhang the shares would surely be £2+

Doing the maths and accepting that some days they would dump more than others it does suggest they would be out by end February.

So it appears the play is to buy in or add over the next month ahead of the expected update in early March.

Maybe a small fund or a well healed investor may place a bid for a larger tranche of stock which could take the overhang out beforehand.

It does look like a false market valuation for Altyn currently.

[excellance] 21/1/2021 14:52

Exactly right.

And this will coincide with production numbers finally beginning to deliver growth.

[excellance] 21/1/2021 11:35

Grades will improve for two reasons.

Grades are improving as we near higher grade zones of mineralization.

We mined a lot of ore before we got equipment to improve mining efficiency so as we process thru that dilution will reduce, future ore extracted will be diluted even less.

[jc2706] 21/1/2021 11:25

Marmar80,

I believe that he means the grade of the ore processed which would directly equate to cash.

[marmar80] 21/1/2021 09:45

I looked into a history reports and see that recently they are trying to do something, but the grades are as they are and they need to be processing much more to generate more cash. I'll be watching this company progress for sure but not buying it yet.

[marmar80] 21/1/2021 09:42

Even high grade won't guarantee share price rise if is not taken out of the ground and not sold for a nice cash

[jc2706] 21/1/2021 09:06

Marmar80,

I think that you mean cash generation rather than profit. Profit is a moving, manipulated feast and says very little about small mining companies. Cash generation should become clearer with production so I stick by my belief that the share price will react to production increases.

[vish65] 21/1/2021 09:03

Its about grade to me. We havent yet seen the grade improvement we're all expecting yet , probably due to the dilution.

If grade moves up then it confirms whats in the ground and will give some comfort around debt repayment should they have further production hic-ups.

[ilostthelot] 21/1/2021 08:54

For those not in AAZ should read today's RNS. It is transformational!

[marmar80] 21/1/2021 08:06

Without profit they will be forced to issue more shares. Short term increasd, long term back to 110, is no 5m+ profits are generated pa. I can see a profit of 1-3m pa max for '20.

[jc2706] 21/1/2021 07:56

Production will be the driver rather than profit I believe. Of course the two are linked but confirmation of production increases should come long before profit.

[saturdaygirl] 21/1/2021 07:12

This looks primed to go with Stochastic lifting from the bottom .

[marmar80] 21/1/2021 07:06

Agree, but now it's a debt. So shouldn't go lower from here, but also no fireworks without increase in profits.

[jc2706] 21/1/2021 04:49

"110p is a fair share price to me unless they deliver something unexpected".

I think the keyword here is "unexpected". If the company is competent then I would argue that it should be "expected". The market capitalisation is essentially saying that there is an assumption of incompetence.

[excellance] 21/1/2021 01:26

£30m debt?

When production increases we will see a significant and maybe spectacular share price rise. All we need is for all of ths upgrades to start to deliver.

[marmar80] 20/1/2021 23:38

Market sees Altyn as a company with 30m mcap plus 30m debt. Revenue c.20m, but a very small profit. So you have a 60m company that delivers a tiny profit. 110p is a fair share price to me unless they deliver something unexpected.