Altyngold Share Discussion Threads

[pensionplanner] 29/7/2021 12:02

No doubt all effort will be made tomorrow to knock metals back via Comex et al.

One of the reasons liquidity is a problem with mining stocks, is more exerted influence and of course it assists the bigger companies who will tow the government line and be rewarded by picking up assets from those who struggle to raise finance.

Of course liquidity isn't helped by having ZIRP or NIRP which some suggested would help. All it does is stop people or organisations saving or introduce them to already inflated property market or allow government to borrow at ridiculously low rates to sustain borrowings.

Metals rising, particularly gold and silver is something they will do anything to avoid.

[excellance] 29/7/2021 11:14

About time...

[nevgroom] 29/7/2021 10:53

......and ALTN is beginning to follow :)

[excellance] 29/7/2021 09:52

Copper, nickel, oil and gold all flying today...

[onedayrodders] 29/7/2021 09:32

Gold has had a little bump up due to dovish sounding Powell yesterday at the latest 'pretence' meeting ... but it's not decisive (yet again) and I expect a drift back down to play with the $1800 level again to ensure enough doubt to stop it going one way or another ... for now

[onedayrodders] 29/7/2021 09:28

I think the USD Index needs to decisively breach 90 and then it's fresh air to the 70'sTrouble is IMHO, 89/90 is heavily protected.. no doubt by the FED's dealing room to keep everything balanced

[goldenshread] 29/7/2021 08:31

Has the penny finally dropped there will be no interest rate rises in the US or anywhere else come to that and gold is now free to recover in price.

ALTN shares have not moved YET!

[excellance] 28/7/2021 12:53

Even in China liquidity is tightening...



China has hoarded trillions of dollars pounds and euros over decades, and historically has used that cash to buy natural resources overseas.

[excellance] 28/7/2021 12:35

The valuations of many small cap explorers or miners is alarmingly sickly at the moment and I think it has something to do with the poor availability of investment capital from banks.

With Altyngold we are currently cashflow positive but we know we are looking for funding for phase two.

The banks, despite vast QE money flooding in, appear to be holding onto the cash and are reluctant to lend it out it seems.

I know in the EU the ECB has instructed banks to not report the poor state of debt repayments from customers in fear of spooking the markets. Banks must protect their cash reserves or go bust. This is obviously great news for gold, but not so great for businesses requiring funding.

The only option open to many is convertible loan notes...

Look at Horizonte HZM, waiting 7 months for funding, excuses after excuses.

Look at Rambler RMM waiting 2 months to close a loan and covering it with a CLN from Riverfort.

[onedayrodders] 28/7/2021 12:28

Incredibly gold minors are in the doldrums despite gold at $1800Can only assume the market believes there is more risk to the downside short / medium termAnd have to admit we keep banging our head at levels rather than move swiftly through

[cyberbub] 28/7/2021 12:13

Well an LSE main market listing has done absolutely nothing for the company, so maybe something is needed to jolt it to a fair value.

[excellance] 28/7/2021 10:35

Any evidence of that?

[stockknobjockeyvanbookstino] 27/7/2021 20:37

Dual listing on TSX is my bet

[excellance] 27/7/2021 12:52

St ledger day this year is on 9/11 or 11/9 in the UK.

11 September.

[excellance] 27/7/2021 12:42

The gold standard was deemed to be restrictive to growth, but in reality it was restrictive to spending money they didn't have.

The solution was to remove the gold standard and employ a fractional reserve system, and funding for the military industrial complex gravy train could continue in perpetuity.

The sixties space race and Vietnam war were just too expensive and unsustainable with the restraints of the gold standard.

We've had a magic money tree ever since.

[onedayrodders] 27/7/2021 12:08

Incredible US debt per person ..



Interesting the rise coincides with 1971 when Nixon removed the gold standard an effectively the link to sounds money.

They've really fkd it up since

[cool hand kev] 27/7/2021 11:31

I’m looking forward to St. Leger Day

[1madmarky] 27/7/2021 07:54

Yeah that's the one... zzz

[onedayrodders] 27/7/2021 07:46

Selling has been the order of the day since end of April .... and they have been proved right and left us 'holding the babies' right across AIM.Very painfulNow what was that saying ... "Sell in May"

[1madmarky] 27/7/2021 07:12

It would possibly go up IF peeps stop selling. Great all in cost, great potential resource, just need to wait to see if the company realise that potential

[cool hand kev] 26/7/2021 14:59

About as accurate as the broker 250 - 310 target

[onedayrodders] 25/7/2021 09:23

They must be about to dump their position then

[stockknobjockeyvanbookstino] 25/7/2021 08:33

For what it's worth, Goldman just predicted gold moving rapidly to $2000.