Altyngold Share Discussion Threads

[pensionplanner] 30/7/2021 20:00

Of course it has, but then the establishment uses Friday to hammer gold and silver with bits of paper.

Just take a look at how this judge retired and his letter related to metals manipulation and what he was instructed to do at the outset.

Likewise, in one day last week it was alleged 1,200,000,000 ounces of silver were delivered via Loomis Depository Vault, a physical impossibility in the time, let alone where the yearly mining production for silver is 800,000,000ounces!

That would require them delivering physical silver of 37,000 tonnes in a 24 hour period.

Governments mainly in the West are frightened rigid about metals going higher, especially gold and silver as it detracts from the Fiat currencies they are printing 24/7 with rampant inflation bound to occur.

Even China is assisting keeping metals down, albeit not gold/silver.

Until this false and manipulated market is finally crashed, they control not just metals, but indirectly they control the share price of mining stocks.

When the Hunt Brothers picked up just 100million ounces of silver it was classed as manipulation and they were destroyed financially with government intervention.

Yet you can dump a theoretical 1,200,000,000 ounces to suppress the price and no government utters a word against it.

Even ex Ministers have confirmed metal manipulation, especially London and the USA:

"In front of 3 witnesses, Bank of England Governor Eddie George spoke to Nicholas J. Morrell (CEO of Lonmin Plc) after the Washington Agreement gold price explosion in Sept/Oct 1999. Mr. George said "We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K."

Even the much commented apparently ridiculous sale of gold by Gordon Clown, had more to it than met the eye. He forewarned that the Uk was selling 401 tonnes of its gold reserve it was done to telegraph the disposal to the market in order to deliberately knock the gold price, which it did,, with much of it going to China and Russia, but at such a price, achieving just $275 per ounce.

With Basel III regulations, it was expected some of these games would change, but many are now seeking exemptions...for obvious reasons.

its suspected that the USA and the UK hold very little of their claimed gold as audits appear to be smoke and mirrors.


hxxps://www.scribd.com/document/39746954/Judge-Painter-Notice-and-Order-dcpdf-1

[cool hand kev] 30/7/2021 19:44

Because it’s manipulated

[excellance] 30/7/2021 17:34

Just 8 trades today, between 129p and 133p, yet the share price closes down at 125p.

How?

[onedayrodders] 30/7/2021 17:24

Gold losing all that ground yet again

[tim000] 30/7/2021 16:13

I haven’t seen the Broker note, but brokers aren’t gods. They don’t know future gold prices, and hence can’t know future profitability of the business. I think there’s a good chance that the business will have negative net debt next year based on higher grades, higher production and higher gold prices. Implied P/E ratio of the business would not be consistent with a range bound share price.

[excellance] 30/7/2021 16:13

Feds Bullard says he wants to start tapering in the fall to complete by next spring, and jobs growth will lead to rate "liftoff" in 2023.

The dollar immediately strengthened.

Bullard isn't even a voting member FFS.

[cyberbub] 30/7/2021 16:10

Yes ramp up may be slow, but surely the massive reserves must be worth something in the SP?! We're only valued on a p/e of 3 and the reserves for free FFS.To my mind the only reason to be under 250p is if Mr Market is expecting a discounted equity fundraise. If that's been removed in the plan then why are we still stuck at this ridiculous SP?

[excellance] 30/7/2021 11:44

Correct.

Operationally we are spinning off cash, but that cash will be invested, so no tax to pay and no profit to show.

I like the idea of low debt, reduced dilution, for a longer run greater gain.

Our costs are low, let's keep it that way.

Meanwhile, gold is $200 higher than plan so we have a tub more cash to invest, maybe quicken the schedule a little.

As for this situation justifying a silly low share price I disagree. It may be too slow for some but it's lower risk and should appeal to others.

We are looking good in my opinion.

[sloppyg] 30/7/2021 11:22

Had a re-read of the Broker note and a bit clearer to me 2nd time. In summary:

Basically we stay at current production and circa $20m EBITDA for next 3 years (end FY23).

During this time we self fund (from exiting cash and FCF) c.$35m of capex to get the plant to 850k tpa. Production will then move to these levels for 3 years (2024 to 2027).

Over the next 6 years (2028+) a 2 phased expansion to take production to 2m tpa commences. Phase 1 is upgrade exiting plant to 1m tpa and then phase 2 is a 2nd 1m tpa plant to be constructed. This will take 6 years of gradually increasing production before fully operational. Then 2m tpa for remaining LOM.

So in summary it seems there are no plans to raise funds over the next 3 years production will stagnate at these levels. I suspect TS will be brought on board as part of the 2nd 1m tpa plant.

The market is valuing us at circa $75m-80m EV off the back of $20m EBITDA for next 3 years. Unfortunately i think we will remain range bound 125p - 175p until market sees evidence that can take production and grade to the next level. In the meantime we service the debt and pay down chunks of the capital.

If all goes to plan then potential is enormous but I do think the family will continue to take its time and use FCF (until the 2m tpa upgrade is required) ; hence in the absence of surging POG or something leftfield on the corporate front I am not convinced we we get the large re-rate for some time yet.

[sloppyg] 30/7/2021 11:06

Tim has got his position now.

Only people buying and selling are on this BB !

[excellance] 30/7/2021 10:54

And then there were no trades again...

[onedayrodders] 29/7/2021 20:03

Expect agent hawkish to arrive within a few days

[excellance] 29/7/2021 18:37

Nickel at 7 year high.

Copper breaking out again but was higher six months ago, so should perform very well in coming weeks.

[excellance] 29/7/2021 16:51

Gold breaking out to the up?

[goldenshread] 29/7/2021 15:22

The only time anyone can buy shares in ALTN is when the market makers allow it, the float is so tight it's ridiculous.

The new broker has not really delivered what was expected, the aim of their appointment was to get the company re-valued to their target range of £2.50p to
£3.10p. They have failed miserably.

There have been many wild gyrations in the share price but basically any purchase around current levels usually offers up a profit for the nimble in the current price range.

Shareholders quite rightly want to see the £1.10p - £1.80p range break out, given the improving situation at operational level this has to happen soon.

[excellance] 29/7/2021 14:41

It was shocking how the share price capitulated from 180 to 115 for no good reason, and on miniscule volume.

[aussiebeach] 29/7/2021 14:33

The share price actually hit £1.81p on 4th May, it is probably hard to get any shares, this seems to be the norm.

[excellance] 29/7/2021 14:12

This was 160p in May, paying 130p this afternoon. Still silly cheap.

[goldenshread] 29/7/2021 14:07

But still 50% below the supposedly conservative low end broker target price of £2.50p.

One of the lowest valued gold producers in the market, a few buys and it could equally be back to £2 of course.

[excellance] 29/7/2021 12:11

PXC is being ramped across several platforms.

It may end well for them but ramping often causes tears along the way.

[tim000] 29/7/2021 12:05

Increased my holding today to 50k shares. All acquired within 10 calendar days. As we all know, ALTN is now a highly profitable miner, with rapidly reducing indebtedness and enormous prospective growth. The valuation makes no sense, especially in relation to, for example, PXC, which is on a tear recently and has a much higher mkt cap than ALTN and yet no production and no development capital. Absolutely agree that debt markets are tight, so ALTN has done really well to raise cheap finance.

[chrisdgb] 29/7/2021 12:04

Great to see the renewed interest here....