Altyngold Share Discussion Threads

[golden prospect] 09/3/2022 12:19

aussiebeach, one of the problems ALTN will need to address is any "Russian Link".

Are the bonds Russian money ? Do ALTN make monthly payments on these ?

In hindsight, it would had been far better for ALTN to have utilised the London listing for financing.

[pensionplanner] 09/3/2022 08:19

Excellence. Don't believe the hype on hydrogen powered anything! It costs too much to produce. Multiples of even natural gas at current levels.

only one way hydrogen is viable, that is in periods of surplus renewable energy.

Even then look at the conversion rates. Sadly so many green enthusiasts do not understand the concept of total resource cost.

If energy costs rise, so does the cost of producing hydrogen.

The green lobby's inability to understand total resource costs is partially responsible for the massive rise in natural gas and oil.

[palisz] 09/3/2022 07:30

"We now expect all three major components of gold demand to increase strongly in 2022. The last time that we saw all major demand drivers accelerate simultaneously was in 2010-2011 when gold rallied by almost 70%. Given the material upward revision in investment and CB demand assumptions, we now upgrade our 3/6/12m gold targets from $1950/2050/2150/toz to $2300/2500/2500/toz" GS

[aussiebeach] 09/3/2022 06:40

How on earth can AltynGold have a share price of £1.14p when the gold price is $2050 oz, the share price hit £3 in the summer of 2020 when gold was lower and ALTN was producing around 10,000 oz less gold than now ?

With results due in April it must be the bargain of the sector right now.

[novicetrade68] 08/3/2022 22:19

Still the same number in shares pretty much too compared to June 20 when the share price hit £3 - and as mentioned operationally the company is in a much better shape these days ie gold grades going upward again.

[excellance] 08/3/2022 16:45

Uncertainty?

It's all self inflicted!

Politicians willy waving frantically trying to get noticed.

[king suarez] 08/3/2022 16:33

We hit over £3 last time Gold was at an all-time-high and were in a much worse position financially and operationally then!

[nevgroom] 08/3/2022 15:40

That all-time-high is under threat - Hit $2063 a few minutes ago!

[sleveen] 08/3/2022 10:11

Full H2 may be a many years off, but addition of 20% H2 to CH4 is perhaps 2-3 years off.


"Somebody obviously thought Kazakhstan is too close to Russia, and a dummy MP asked "why no sanctions on Kazakhstan?"."

I wondered what caused the sell off Friday. I got some at 96p yesterday so my thanks go to that MP.

[researchcentre123] 08/3/2022 09:17

If you look at it blue hydrogen is produced by the petroleum industry and the other way of producing it, electrolysis, is inefficient now there are good batteries. Still don't think that has a lot to do with ALTN!

[excellance] 08/3/2022 08:47

This dipped because of the war. Somebody obviously thought Kazakhstan is too close to Russia, and a dummy MP asked "why no sanctions on Kazakhstan?".

[excellance] 08/3/2022 08:45

So Hydrogen definitely is going to replace natural gas?

[sleveen] 08/3/2022 08:41

excellance

There are hydrogen ready gas boilers available from the main gas firms. When H2 becomes the thing a CH4 control module is replaced by a H2 control module.

[m1sterx] 08/3/2022 08:31

How the heck did this stock hit a 2 year low last week given the exceptional financials announced in December ?

[goldenshread] 08/3/2022 08:25

broken arrow 1

This hit £1.45p only 2 weeks ago when gold was $1800 oz, it is now $2015 oz, the current price is a gift.

[excellance] 08/3/2022 08:21

I wonder what energy costs are in Kazakhstan.

In fact, energy is a big issue across the board. I remember the 70s when large houses were cheap as chips cos nobody could afford to heat them. We've come a long way since then, with double glazing, insulation, and central heating.

I'm going to need a new boiler soon, wondering whether gas has had its day...

[broken_arrow1] 08/3/2022 08:19

Classic recovery play, oversold RSI (hit 27, a 2 year low point) now bouncing, target seems to be £1.35p to £1.50p range very near term.

Not much stock on offer at ask either.

[sleveen] 08/3/2022 08:06

I'm buying ahead of the release of the 2021 results, which should be good given the operational success.

[goldenshread] 08/3/2022 08:02

Gold now $2011 oz, ALTN cash cost is a mere $700oz on 30,000oz annual, makes a gross profit of nearly $40m, currently market value $32m

[mrmcnee] 08/3/2022 06:51

The shares have much further to rise as it becomes clear no sanctions will be placed on Kazakhstan, with the gold price through $2000oz (and moving higher) ALTN could produce revenue of $70m this year, the current market value is half that !

No wonder buyers were returning yesterday, in a nutshell Altyn Gold is hideously undervalued.

I see £2+ coming once the market latches on, even then only a £50m m/cap.

[stonefold] 07/3/2022 14:51

o/t
Russia is fast running out of cash and looks to quickly help the rich few, before the masses notice that the cupboard is bare.

Putin's friends looking to relocate their dodgy overseas cash to avoid western sanctions are being given a free pass to bring the money to Russia.

"..The russian government has also introduced a set of policies to support the Central Bank of Russia's effort to substitute frozen reserves. The Finance Ministry has introduced a “capital amnesty” allowing residents with savings abroad to bring them back to Russia with few questions asked about taxes or criminal activity..."




Russian citizens who can no longer invest in the stock market or foreign currency or overseas property are being tempted to part with their cash by investing in russian gold bullion. The government have removed VAT on gold purchases, provided that it is removed from the bank and stored at the owner risk. Great news for oligarchs and burglars.

[linz22] 07/3/2022 13:47

You're right.
It's one thing to freeze the bank accounts of protesting Canadian truckers, but the West has now completely shown its hand through its co-ordinated weaponisation of all financial systems in the sanctioning of Russia, including closing down of Paypal, Visa, Mastercard and now AMEX for Russian citizens.

The only assured outcome of such sweeping financial aggression is the development by other countries of their own independent means of trading and transaction, and the future circumvention of ALL western based economic and financial services.

Already, India has in place agreements to settle international trade in Rupees, and Russia is now making the similar arrangement to finance its bonds in Roubles. But, the ultimate winner (from the mutually assured destruction of a corrupt fiat-based world) has to be crypto, and specifically Bitcoin - especially in the event of attempted imposition of the very worst of all evils, a Central Bank Digital Currency, (or CBDC).!

[excellance] 07/3/2022 12:55

The sanctions on Russia, imposed by our own leaders, have created the need for a parallel clearing system away from the reserve currency.

I wonder which system the Kazaks will choose, and which one will ultimately become dominant.

Visa have moved out of Russia, and is instantly replaced by a Chinese state backed system.

Rumour has it that Putin invaded Ukraine to secure food supplies to Russia and China, and nothing to do with other issues which he can also "fix".

We now see a global shift, a tectonic earthquake for the dollar, and Putin wins his biggest victory yet against the inept dummies leading the west.

[stonefold] 07/3/2022 12:40

Comparing the exchange rates for Kazakhstan and Russia against the US dollar from Oct 2021 to today.

In Oct 1 USD = 426 KZT
Now 1 USD = 512 KZT Which is a 20% change

In Oct 1 USD = 72 RUB
Now 1 USD = 138 RUB Which is a 91% change

So Kazakhstan and Russia are viewed as different countries.



US and UK do not intend to impose sanctions against Kazakhstan

".. that the US sanctions target the Russian economy and are designed to mitigate the impact on the economies of other countries, including Kazakhstan....."

"...The British side confirmed that it does not intend to impose any sanctions on Kazakhstan in connection with Russia's military operation in Ukraine..."

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If the bond had been issued as planned in Oct 2021 then the 3 billion RUB raised could have been converted into $41.6 million.

If the bond was issued today then 3 Billion RUB would only get $21.7 million.

The wild uncertainty of the future possible USD / RUB exchange rates makes money raising in Russia now far too risky. With the Moscow Stock exchange still shut and restrictions transferring foreign currency abroad, the arranger of the bond issue Raiffeisen Bank should repay their fees and admit defeat.

[tightfist] 07/3/2022 12:19

Agree with all of that - plus management have demonstrated they can deploy new capital equipment, raise productivity and create RoI, which is reassuring after the moribund performance of the last several years. Whilst IMO keeping a tight cap on costs.