Altyngold Share Discussion Threads

[bobbieblock] 19/4/2021 12:19

That's him, thought so. I'll have to ask him how things are in Kazakhstan next time i see him!

[excellance] 19/4/2021 12:12

Joshua Rowe of Manchester.

[bobbieblock] 19/4/2021 11:58

Wonder if its the Joshua Rowe that runs my kids school?
Anyway, definitely undervalued. Big resource, expanding production at higher grade, lower cost in a commodity that goes up price when real interest rates are negative.

[excellance] 19/4/2021 11:32

27.3m shares

26.5% held by retail investors not including Joshua Rowe.

So about 7.25m shares in free float.

[excellance] 19/4/2021 10:49

I'm in both mate, it's a race to the top not the bottom!

[onedayrodders] 19/4/2021 10:48

excellance .. pls don't run down Rambler !

;o)

[excellance] 19/4/2021 10:44

But what is the free float?
How many shares are available for retail investors?

[novicetrade68] 19/4/2021 10:43

The chart is absolutely looking a lot better for another go at 160p as a previous resistance level, last two years Altn updated the market around late April/early May, so hopefully some interesting weeks for everyone ahead.

[excellance] 19/4/2021 10:42

Yes, still a fairly fragile state, but maybe not?

I think they've been conservative to ensure they don't disappoint.

So I'm expecting 25-28koz of gold pa extrapolated from the numbers from Q4 20 and Q1 21.

As for positive cash flow, if we show a profit we pay tax, so best not show a profit of more than a few hundred quid.

Better to invest that cash, or pay off debt with it.

Excitement is building, feeling very positive as I sit here in glorious sunshine, it's a beautiful time of year.

[vish65] 19/4/2021 10:12

Assuming Altyn report the plant is running as expected in Q1 and they are still cash positive then we should hear something on the p!ant expansion to 1.0 mt. Now the weather is turning groundwork can start. The final $7m loan covering most of the expected cost.

Of course 'running as expected ' still a big caveat here as is whether they bother to communicate it

[excellance] 19/4/2021 09:53

Interesting that RMM now has a mkt cap of £50m to our £40m.

But which is making more money?

[excellance] 19/4/2021 09:48

Add TS in coming months. New open pit there in due course.

What is the free float here these days?

[king suarez] 19/4/2021 09:41

Shame the resource is 'only' 6m oz though ;)

[wrighty46] 19/4/2021 09:39

If the company can prove to the market that 30k ounces production is now in sight and further increases are upcoming the share price will move accordingly. 3x current share price as a minimum. Lots of news due but the biggie is maintaining current momentum from tail end of last year. Pog at 2k ounce will be good also. GLA.

[king suarez] 19/4/2021 09:37

It will cost you..

[onedayrodders] 19/4/2021 08:53

KS ... Can you share that magic crystal ball at some stage

;o)

[goldenshread] 19/4/2021 08:52

The chart is looking very bullish after some consolidation, looks like the shares are in for a decent rally.

This is a fast moving and very illiquid stock, modest volume = large % gains.

[flughafen17] 19/4/2021 08:26

Not one to be out of currently, interesting times ahead, good luck trying to buy sizable amounts.

[wrighty46] 19/4/2021 08:10

Buying at £1.48? Bit of demand this week. Gold could be back in favour for a bit. GLA

[excellance] 19/4/2021 07:11

Disappointing Scallywag assays for GGP.

No such worries here tho, were actually producing gold, and profit!

[excellance] 18/4/2021 22:05

It was certainly wave one.

👋

[king suarez] 18/4/2021 21:40

I'm hoping the rise from 50p in Jan 2020 to £3 was just wave one of a ginormous Elliott wave chart, and we ended wave 2 down at £1, almost a year later!..

[onedayrodders] 18/4/2021 20:27

I've done well on a KS tip for ALGW so hoping for more magic here