Altyngold Share Discussion Threads

[stockknobjockeyvanbookstino] 25/7/2021 08:32

Renaissance Capital forecast of fair value share price at $1760 long term gold is £4.73 and at $1930 £6.23. That's with nothing in for Teren Sai.

[novicetrade68] 25/7/2021 00:00

New money markets are probably still a few years away, so no immediate fears for a fund raise as they already have $10m+ on the books. Based on their new production numbers it is going to take, a year/1.5 years to pay off so they may well stick to a production profile of 25k-30k for the foreseeable future imo, knowing Altn's history that could be quite likely and probably a good decision.

Ramping up phase 2 has only started in earnest given the start of some initial infill drilling as per the RNS a few months back, so before it starts climbing towards 50k is going to take a while, but needless to say a £1.20 share price based on double production numbers seems like a good bargain atm, the share price once hit nearly £3 when production was between 10k-15k.

[excellance] 24/7/2021 22:42

They've commissioned Renaissance because they will enter the money markets to raise capital.

They will only be taken private if the markets fail to deliver funding at a reasonable cost.

Exciting times ahead...

[cool hand kev] 24/7/2021 22:40

Was that RNSed? But it probably doesn’t make much difference

[stockknobjockeyvanbookstino] 24/7/2021 12:10

Also just listed on Kazakh exchange.

[cyberbub] 24/7/2021 10:03

Certainly a possibility PP. The question would be why didn't they do that 18 months ago when the share price was 50p. And why have they been appointing brokers and commissioning broker notes, and appointing corporate action specialists onto the BOD.

[pensionplanner] 23/7/2021 15:52

My concern as ever is if its taken private at what appears to be manipulated share price that seems so low compared with other companies, many of whom can only dream of even producing.

[excellance] 23/7/2021 13:09

Some kind of corporate action.

They must need the share price contained to get a deal done.

Just speculation but it's bonkers how long this has been happening.

[pensionplanner] 23/7/2021 12:30

Yes, and no doubt they won't allow buyers either.

Something is going on with this share price It has the distinct feel of something being deliberately held back for whatever reason.

[excellance] 23/7/2021 11:13

Someone sold 250 shares and the share price plummets!

I'm sure it'll bounce back.

[chrisdgb] 22/7/2021 10:07

Looking forward to some of the exploration results here as well....

[tim000] 22/7/2021 09:15

Both mine.

[sleveen] 22/7/2021 09:04

2 buys @ 125p 10 mins apart, liquidity returning?

[tim000] 21/7/2021 09:35

I estimate a P/E ratio for H1 of under 3 and debt is being repaid rapidly, as the company has alluded to. A small point is that it appears sales were at least 500 ozs less than production in H1, so in the H1 results inventory has probably increased further - hopefully to be monetized in H2.

[goldenshread] 21/7/2021 09:31

For once there is stock available online, 7000 shares, however that can change in a flash.

[cool hand kev] 21/7/2021 09:20

Just the one buy

[pensionplanner] 21/7/2021 09:10

Are they allowing buys today?

[excellance] 20/7/2021 15:11

Agreed.

I look at the share price with dissbelief.

Eagerly awaiting news of both TS open pit development with processing facility, and Seki phase 2 with clarity on our funding requirement.

Exciting times ahead.

[goldenshread] 20/7/2021 14:46

This time last year the share price hit £3, OK if that was overbought then £1.25p is hugely oversold.

Significant operational performance has come since this time last year, more positive news to come has been flagged by the usually ultra conservative BOD.

If there is a ultra cheap producer in the market then ALTN is it.

[tim000] 20/7/2021 14:41

I had sold out, but the Q2 figures show promise and I'm rebuilding my position. Hard work though!

[excellance] 20/7/2021 14:25

Someone got a good deal.

[fiddling12] 20/7/2021 14:20

Oh my we have some buys!

[1madmarky] 20/7/2021 14:08

Ooo,! Actually going up