Altyngold Share Discussion Threads

[excellance] 13/4/2022 15:32

That has often been the problem, can only buy small amounts, spread is a killer, and any selling crashes the share price

Really tough to trade this, so best to just sit.

[quinan] 13/4/2022 15:29

Cant buy anything with Halifax.

[broken_arrow1] 13/4/2022 14:55

Only 350 shares available with IG at full offer, no quotes at all for larger quantities.

[researchcentre123] 13/4/2022 14:50

There's certainly a big spread- don't think that can last while the demand continues upwards though

[goldenshread] 13/4/2022 14:49

Getting very hard to buy at all now, not even with IG who usually have 5000 on offer, other brokers are 'at best'

I think the re-rate is just beginning, still feel £2 a share before the results (month end) is a real possibility.

It's about time this started to reflect the value the company has delivered over the last 18 months, broker targets £3.60p - £4.20p remember.

[quinan] 13/4/2022 14:47

I would say the MM's are playing games with the buys and sells probably someone has a buy order in and the usual games to hide whats what.

[gekks] 13/4/2022 09:47

Nice recovery here

[pensionplanner] 13/4/2022 09:46

At £5 Altyn would still be cheap, but small steps....

[goldenshread] 12/4/2022 15:49

I reckon £2 is on ahead of results which are usually towards month end, as mentioned shares hit £1.80p last year around the same time, this year the results will be far better.

The market has seriously mis-priced ALTN and now seems to be trying to rectify the situation.

[novicetrade68] 12/4/2022 14:22

Gold also just made a jump and hit $1973 a few moments ago, ALTN looking good now on the chart too.

[observer007] 12/4/2022 13:48

Can see these heading to new highs over the next 3-6 months, no wonder the brokers are so enthusiastic.

£2+ is nailed once the results are published, the market seems to be waking up to this currently.

[chrisdgb] 12/4/2022 11:34

Looking better here........

[mininglamp] 12/4/2022 11:32

Based on the above numbers, which seem pretty reasonable, then no wonder the broker targets the high £3 region.

Supply of stock is tight with only 27m shares in issue.

[goldenshread] 12/4/2022 10:56

I repost this for new onlookers.....


So the next event will be full year results.

Their full year revenue will be $50m

They made a gross profit of $14m on H1 revenue of $23m

So it looks like they will make a gross profit of $30m in FY 2021 - net profit circa $23m

Current m/cap is $42m

Totally crazy valuation, but there we are.

[goldenshread] 12/4/2022 10:53

Here is the link to the recent Ren Cap note, they suggest a target price range of £3.60p - £4.20p




Yesterday (31 January) Altyn Gold reported a strong 4Q21 trading update, supportive of its overall growth track record for 2021. We expect a robust set of financials for 2H21 to be reported at the end of April, which should further solidify the company’s fundamentals. Reflecting higher grades, throughput and lower costs in 2021 and our initially conservative expectations, we raise our fair valuation range to GBP3.6-4.2/share (from GBP2.5-3.1/share). At the current market cap, the company trades at a 47% discount to junior gold miner peers

[excellance] 12/4/2022 09:30

We're still at the lower end of our range. Can't believe this was under 100p not long ago, way under valued.

[quinan] 12/4/2022 09:15

Looks like they want to push it up so hopefully, we get past £2 then there is no resistance to £3.90p

[goldenshread] 12/4/2022 09:14

Break to £1.40p looks nailed on imminently - remember last year the share price moved to £1.80p around the time of the results.

Last broker note targeted £3.90p to £4.20p !!

[mrmcnee] 12/4/2022 08:00

This looks like it is on the move once again with gradual daily increases, I concur with others the share price should have a nice run up ahead of the results later this month.

[researchcentre123] 11/4/2022 14:19

Well that was my thought really........

[quinan] 11/4/2022 14:04

Whether a P/E ratio is high or low will depend on the industry it's in. However, in general, stocks with P/E ratios of below 15 are considered cheap.

So in theory we should be currently trading at around £18 LOL so quite a bit of up side then.

[researchcentre123] 11/4/2022 13:41

All depends on what PE ratio the world thinks this shld be - if it regards 4 as an appropriate PE ratio then it shld double and some. Guess we see.

[mininglamp] 11/4/2022 12:04

My guess is there is possibly 50p to 80p upside ahead here over the next few weeks, if the results are as good as expected (it seems only the clued up on ALTN have any idea) then it could be more.

Not a bad trading proposition therefore IMO.

[goldenshread] 11/4/2022 11:34

Looks like this is starting to move, it hit £1.80p around last years results announcement but this year those results are expected to be better still and they are only a few weeks away now.

Never before have I seen such a disparity from recent broker target prices (circa £4 a share) to the actual share price of the said company. It's actually laughable.

[quinan] 11/4/2022 10:35

Gold on the rise may get to $2000 soon