Altyngold Share Discussion Threads

[researchcentre123] 22/6/2022 08:07

I think a value play on any kind of margin is dangerous as the nature of them is the world doesn't like the share for now....you're just waiting for that view to change and it might continue downwards until it goes up

[goldenshread] 22/6/2022 08:02

I repost this for new onlookers.....


So the next event will be full year results.

Their full year revenue will be circa $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 $35m

Totally crazy valuation, but there we are.

[pensionplanner] 22/6/2022 08:00

You have to feel for those who engage in spread betting and were long, as no doubt they aren't there any more. Its so easy for spread betting companies to create the result they need.

[mininglamp] 22/6/2022 07:58

Great news if the Annual Results are going to be announced this week, the delay has been concerning, the results will be excellent and the market cannot ignore them.

The share price will recover and I would not be surprised to see it back (or exceed) at the top end of that £1 to £1.50p range.

Time to buy.

[researchcentre123] 22/6/2022 07:41

Thanks for that. It does seem surprising that a company that last year was trying to bump up the share price does something that really doesn't help it. Still sht happens I guess, the accounting dept might have all been suffering from long covid, the tea lady blew up the computer with a pot of Earl grey or the chief accountant left his laptop on the train......

[stockknobjockeyvanbookstino] 22/6/2022 07:34

Spike over on LSE says has spoken with the Co and results will be out this week. A few investors seem to have the jitters....

[mininglamp] 21/6/2022 16:01

The point made by Goldenshread is a interesting one, the share price has gyrated with a range of £1 to £1.55p over the last 9 months according to my chart.

For traders a buy around current levels looks a very strong entry point with a potential double digit % gain possible in quick time.

I see no reason for the drop, the Q1 update was very positive, a reminder....



Revenues soared 42.9% yoy, the average gold price has increased from the prior period but a significant factor in the increase was the rise in output and grades achieved in the period.

Despite severe weather conditions, the company was able to increase mining production by 2% yoy from 131.7kt to 134.5kt.

Higher milled ore up 14% yoy and improved grades at 2.03g/t in 1Q22 versus 1.78g/t in 1Q21 resulted in 26% yoy increase in poured gold. The Company expects further grade improvement in the upcoming quarters following the purchase of new equipment.

[researchcentre123] 21/6/2022 14:36

Some big sales today.....maybe all one seller?

[researchcentre123] 21/6/2022 14:03

Yes they could get some outsourcer on upwork to do it all their pr for $100.....

[golden prospect] 21/6/2022 13:08

The company are getting on with the job of profitable mining.

Guess folk are happy to pay £1.50 and above on release of results, but for now £1 is ignored. Yes PP, looks orchestrated.

[palisz] 21/6/2022 12:59

I have written to the company and asked them to address the issue of lack of IR. This is really the only problem with the company. They are making great progress, just don't seem to have anybody able to communicate the fact. I asked them to address this at the AGM.
As for Russia, they've used / lost 30% of their army, to attack anyone else would be stupid and very unlikely. This is just nerves ahead of a ridiculously late report.. but nothing new for Altyn. With all the cash they are generating they can and should invest in Investor relations. (even a part time worker would be enough) I'll see if I get a written response...won't hold my breath.

[pensionplanner] 21/6/2022 12:52

sloppy. My broker is still suggesting its orchestrated effort by a certain spread bet company to knock out a few longs to reduce its exposure.

[researchcentre123] 21/6/2022 12:21

Certainly what the 30 percent drop since April 30 is about. It wouldn't have taken much just to say they'd be publishing them later this year. They published the quarterly accounts on time

[sloppyg] 21/6/2022 12:01

The absence of published financials is for sure compounding matters.

Flying blind at the moment.

[researchcentre123] 21/6/2022 12:00

I really don't see any threat of a Russian invasion - Russia is overextended as it is. And Kazakhstan is their friend.

[goldenshread] 21/6/2022 11:49

The stock is now technically oversold with the RSI sitting at 30, it has bounced 4 times from this level over the last 12 months, the rises have ranged from 20% to 40%.

Lets see if it happens again.

[golden prospect] 21/6/2022 11:18

ALTN stepped up their game in the last couple of years with good investment in new mining equipment and have well maintained the processing facility. Grades have improved, production improved, strong cashflow, low cost producer and profitable (on the basis of 1H21, YE2021 due). Plenty to like especially the market value.

[quinan] 21/6/2022 10:44

Even without expansion funding the share price should be twice this level based on production rate currently.

[sloppyg] 21/6/2022 10:22

It's a tricky one as relations have become increasingly frosty with Kaz in the last few days. Kaz are stuck in the middle having to support legal binding sanctions but at the same time not wanting to isolate themselves completely from Moscow.

Altyn could not attract any interest from II investors prior to the war so for the foreseeable future it is completely off the table along with access to sizeable funding.

A real shame how this is playing out given the robust financials.

[quinan] 21/6/2022 10:14

Took another 800 today just a little early, I can't see Russia looking to expand they are struggling and need all the friends they can get plus I think China would have something to say if they started to saber rattle. I think the Russian Bond money has had a big impact many now looking to see where the funding will come from for expansion, but with the gold coming out of the ground over the last year or so will lead to plenty of opportunities from other parties.

[bsg] 21/6/2022 10:02

I think geopolitical is the only worry here, Russia might invade, so until war is over this goes nowhere.

[golden prospect] 21/6/2022 09:27

FY2021 profit likely to be $20m, results imminent

Nearly ending 1H22, so expect another $10m after tax

Altn look well positioned to benefit from gold above $1800, especially given margin is $1000/oz!

[golden prospect] 21/6/2022 09:15

Same clause as per previous AGM, see 2021

[researchcentre123] 21/6/2022 08:17

Looking at the AGM is that a rights issue that's happening or just might happen?

[wrighty46] 20/6/2022 16:32

2000 top up for me earlier. Bring on the results. Are they going to announce anything else? Not long to wait now.