Altyngold Share Discussion Threads

[king suarez] 02/2/2021 11:49

£250m market cap would be £9.26 :) I'll take it..

[highly geared] 02/2/2021 11:43

£3 or £80 million market cap will hugely undervalue this provided we get to 30k oz steady state production with a plan over the next year to get to 50k and beyond.

Most invested here for a £250 million market cap business by 2022/23. That’s c. £15 price target.

[highly geared] 02/2/2021 11:41

CHK , about 3-4 months. Provided Q1 update matches or improves on Q4, the market should finally “buy” this as a 30k oz producer with a game plan to scale up further. Thus, the market can start to value on an earnings multiple basis + start to better factor in the huge reserves in the CPR.

Teren Sai should be icing on the cake if we get some metrics on the drilling, resource and initial open pit mine proposal fro late 2022.

[bsg] 02/2/2021 11:31

Couple of years?

[cool hand kev] 02/2/2021 11:27

So how long will it take to get back to £3?

[tightfist] 02/2/2021 10:04

Yes, nameplate capacity is 50% above Q4 ore milling rate - with no seasonality considered. In theory, lots of throughput to go for! Let's hope the money spent on processing plant in H2 was well-spent......Cheers, tightfist

[highly geared] 02/2/2021 08:28

Tightfist, yes, good points. Nameplate capacity is 850Ktpa, so , I’ve still assumed some way below that. If they can get to 850 then great. Agreed, Q1 ( winter ) might see a slow start .

[cyberbub] 02/2/2021 08:25

Ridiculous spread this morning - you would have hoped it would have narrowed with the increased volume...

[nevgroom] 02/2/2021 08:22

Yes - I noticed a lot of FB notifications yesterday with their page being updated. Increasingly positive.

[wrighty46] 02/2/2021 08:22

Have sent them numerous messages. The one they replied to was from 2019! Still a positive going forward. GLA

[tightfist] 02/2/2021 08:21

Hi HG, Regarding milling capacity, on 8th December they updated that "The loan will be used to increase processing plant output in line with the company's plans". Timescales were not mentioned but maybe they need some more kit to reach nameplate capacity - let alone beyond......I recall in the past winter weather has also played its part and I note yesterday they said "subject to the restraints of the weather during this period" - is that also a contributor to why the ore stockpile has not been depleted in Q4?.Anyway - looks like new kit and warmer weather in a few months time! Cheers, tightfist

[tightfist] 02/2/2021 07:58

Astonishing! Things are moving......

[wrighty46] 02/2/2021 07:55

Well well well nearly spat my cornflakes out. Had a reply via social media from the company basically saying they are in the process of updating all their media platforms and there will be improvements in the near future. A link to Q4 results is now showing on their FB page.

[glavey] 02/2/2021 04:43

Q4 update is the update which should have been released for Q3 when they had the consolidation idea in their heads!

Of course there is always the possibility that the Q3 was rubbish to facilitate a much better Q4, whilst conveniently allowing the share price to run off following the consolidation and name change. But that would be a cynical view, surely? Nothing significant in a few bounces off the 100p mark after all...

[excellance] 01/2/2021 22:22

I think ggp own 30% of 6n oz and are valued at a billion five years from production!

[highly geared] 01/2/2021 22:00

Musing on the Q4 RNS. They have an ore stockpile/ backlog of c 100k tonnes, so provided no serious mine issues, ample mill feed stock for 2021.

If milling capacity continues to increase but not without minor “ bumps “ , extrapolate Q4 through 2021 with marginal upside , 600k tonnes.

Assuming modest average grade improvement to 1.95g/tonne and 83% recovery.

31,225 oz.

I’m back to c. £20 Million EBIT for 2021.

Huge Reserves @ 5,000,000 + oz.

£125-150 Million market cap , subject to H1 delivering...

[cool hand kev] 01/2/2021 21:30

I’m assuming that all the small trades are old consolidated holders 🤔

[excellance] 01/2/2021 18:48

I honestly don't get why anyone would short a stock that has lost 95% of its value, because at some point those shorts have to close and when the music stops up she goes, and nobody wants to be short when the music stops!

It seems reddit vigilantes saw the opportunity and piled in forcing remaining shorters to close. Oops what a shame.

Is anyone shirt ALTN?

If they are they'd better close quick!

[stonefold] 01/2/2021 18:10

The rumour-mill on the PumpAndDump messageboard at reddit is in full reverse gear with regard to the buy Silver story.

[...]

Advfn is blocking that link

www. reddit . com /r/wallstreetbets/

While some parts of Reddit can be quite funny, is it mostly lacking any integrity and unreadably ghastly, seemingly written by twelve year old americans trying to look cool by misspelling words.

Silver is still up 8%
Gold up 1%

[sweetnodude] 01/2/2021 18:07

Managed to get some this morning on the bell at 110 much to my surprise. It's curious how some stocks behave after a share consolidation as I think this would have finished over 2p in old money. Could still be an overhang of course but the next few weeks should be interesting. GLA

[mikro1] 01/2/2021 17:22

After the previous update I had all but given up on this and started to sell down.. very pleasantly surprised by today's update.. Lucky I had still retained 60% of my holding!

[cyberbub] 01/2/2021 17:12

Finished around the high. Let's see if we can break 200p in the coming days? Doesn't seem unreasonable to me.NAI

[excellance] 01/2/2021 16:08

What's with all the negativity?

Look, I get that some of you have been through years of pain, I get that you wish you'd sold out at 300 and maybe bought back at 100, but that's all behind us!

Look at today's rns and stop looking back with bitterness and regret.

If you don't like altn or today's rns then sell up and move on...

Excellent rns, and if you can't see that then you're in ths wrong game, go buy premium bonds.

[cyberbub] 01/2/2021 15:52

TimGW, it's good to be cautious but also good to be rational. IMO it would seem (at the very least it's possible) that the company may be finally turning a corner after all those years....I wonder if there will be a large delayed trade at say 125p after close today or later this week, from Freedom Finance?