Altyngold Share Discussion Threads

[onedayrodders] 22/6/2021 16:38

it's great to see people getting out right the top

;o)

[excellance] 22/6/2021 16:36

They don't really help themselves do they.

We have very poor liquidity, and next to no market. The consolidation did narrow the spread but still no liquidity.

They provide a quarterly report and no real idea what the bigger plan is.

I assume there is actually a plan, I assumed the reason for the loan and bond issue was to get production up as a stepping stone to bigger things.

I also assume TS will come on line NEXT YEAR but they don't give us any details on their plans or even drilling reports.

[onedayrodders] 22/6/2021 16:25

I think it is literally people not willing to hold shares unless it's less than 10 days until next update

[sloppyg] 22/6/2021 16:16

Took some off the table in the 160's post broker report but must admit to being amazed to be back at these levels.

Aside from POG I don't think that report has helped our case at all here. A DCF over the LOM indicating 3p value is derisory I would say. A lot needs to happen to get the plant capacity up to 2m tn p.a as per the DCF. If we genuinely achieve that then I would be disappointed if the share price was not in double figures.

Issue at moment is I now have genuinely no idea how much capex we require, when we require it and how we will source it. The market seems to be valuing us at 2 or 3 years of 25k production to service $35m of debt on a go slow basis; after that its not sure !

Potential remains enormous but road map not so clear imo.

[goldrush] 21/6/2021 22:46

PensionPlanner agreed .....look at the following today......



Copper will be in great demand for a long long time.....

[pensionplanner] 21/6/2021 22:11

They have to put pressure on gold and metals, and even the Chinese are helping manipulate copper by suggestions they will release copper from their strategic stockpile, but its a strategic stockpile for a reason, and selling that, whilst depressing the price for a week perhaps, will mean the Chinese having to get back that stockpile at a higher price, because irrespective of anything they or the West does, bits of paper won't support copper price downwards manipulation like it has gold and silver. If the world wants electrification it comes at a massive cost in extra copper...more copper than we can currently produce, and like most resources, as the rush to try to satiate copper demands from existing producers, it inevitably will mean faster depletion of mining leases and far less copper per tonne of ore....and like it or not copper is going to go north for decades.

Gold and silver are likely to break out of the Comex and EFT's manipulation, and the recent weakening is likely just to allow some to square up their accounts before its a physical market rather than a fiat paper gold and silver market.

[jc2706] 21/6/2021 18:14

Which is the conservative media version of Biden. I am no great fan of his but compared to ehat we had before him I am happy to have someone old!

[excellance] 21/6/2021 17:28

Trump was just anti war, and didn't pander to the Russiaphobic press.

Biden is just frail, forgetful, lost for words, bumbling old fool trying to remember the lines his handlers put in his pocket.

[jc2706] 21/6/2021 17:19

Biden is just an old school politician. Doesn't go around shouting and whining but tries to get results in the background. A great approach for a Senate in the past (not now though) but maybe not so convincing as a world leader in today's world. Time will tell.

Nobody quite got to the bottom of what Russia seemed to have over Trump that made him SO soft. It may just be as simple as the fact that he seems to love autocrats (this democracy thing is so yesterday). He did, after all, seem to have a love in with kim jong un and gave him everything he wanted for very little in return.

[1madmarky] 21/6/2021 16:23

Here here!

[excellance] 21/6/2021 15:25

The market is totally bonkers at the moment.

[sharekitchen1974] 21/6/2021 10:22

https://www.proactiveinvestors.co.uk/companies/news/952703/gold-bull-case-stronger-than-ever-as-easy-addicts-at-the-fed-will-never-quit-952703.html

[excellance] 20/6/2021 17:10

Biden is a phoney.

[goodgrief] 20/6/2021 14:39

Like Trump really gave Putin a good going over? You've been watching too much Fox 'News'... lol

[1madmarky] 20/6/2021 10:10

The above article suggests that any rise in interest rates will be small. That's if the 🇺🇸 economy can survive without the current life support stimulus.

It makes the price movement of gold look even more overdone

[k mon] 18/6/2021 17:10

Worth a listen..

Cathie Wood ... ARK Investments

Puts the turmoil down to logistics & Consumer spending / Covid..
Expects a Drop in commodities & a boost to consumer cyclical's

- this is from a week ago,



also a few subtle observations in there on wider market behavior

[excellance] 18/6/2021 14:50

The crash happened just minutes after the Biden Putin meeting, almost like Biden begged Putin to take his foot off the commodities gas in exchange for normalising relations.

I'm staggered how SOFT Biden was, after all the sabre rattling in the election, the man is a paper Tiger obviously.

Relaxation of tensions between east and west is cause for a gold correction.

[cool hand kev] 17/6/2021 23:18

So much for the broker target of 250-310 it looks more like 120 support first 🥲

[excellance] 17/6/2021 21:43

I'm absolutely baffled as to why gold, silver, pgms and copper have been hit so hard this week.

Yes covid looks to be in retreat in the west thanks to vaccines, but inflation is rising significantly against expectation and all the fed predict is interest rates of 0.6% by end of 2023.

Wait for the taper tantrum when the fed withdraw from $120 billion of bond buying every month.

[excellance] 17/6/2021 16:51

If they manage 25,000oz of gold this year, that's revenues of $45m or about £35m which is about what our mkt cap is now.

Of course revenue isn't profit, but we must be making near £20m profit on an operating level.

It makes our share price look silly low.

The question is, why?

[cyberbub] 17/6/2021 16:43

Remember one of Buffet's classic sayings: the market can remain irrational longer than you can remain solvent...

[linz22] 17/6/2021 16:05

Yes, you did, which was during a more general buying period when almost all miners were depressed.
But events seem much more localised lately, and the associated volatility can be one's friend.

FWIW: I've just topped up a little here; attaining value at below the published mid-price, so a second bite of the cherry, then..

But, value will out here, one day. Current market cap £37m, for a substantial Au producer, and falling.

My assumption's simply that this week's fall is as result of the POG.
But, I reiterate, how much lower can this possibly go..?