Altyngold Share Discussion Threads

[pensionplanner] 20/12/2022 08:08

Added another few thousand, as its a ridiculous price

You can only add a few thousands at a time though as then they won't deal.

[golden prospect] 17/12/2022 08:51

Altyn Gold, the UK listed gold enigma: Market valued at a paltry $28.3m, the company has just repaid $10m for a 3-yr bond from 2019 and refinanced with bank debt $40m. Interest charges range from 3% to 7% over 6.5 years, and this rewards shareholders with zero dilution. On this basis, there is clear alignment for holders to prosper from capital gains. This should be accelerated by organic growth in 2023, utilising their substantial reserves. In addition, as a very low cost producer they are protected from any gold falls. Currently, on 30Koz/yr Altyn are expected to generate over $20m/yr pre-tax, an enviable and exceptional proposition. The company ambition is clear and with financing in place, the only game is patience.

[pensionplanner] 17/12/2022 08:41

Gold above $1800 again, but considering its manipulated downwards anyway...

[excellance] 16/12/2022 19:22

The fractional reserve system dilutes the value of every unit, hence the price of tangible assets rises, ie inflation, because you can't dilute the amount of a finite tangible commodity.

Add to that the lack of investment into new streams of production and you get scarcity, which is where gold, silver, copper and nickel are now, and oil and gas.

[pensionplanner] 16/12/2022 17:50

That is such a turnabout for you Excellence? Its fiat capital that causes inflation which is why the governments of the West try so hard to manipulate the gold price with bits of paper.

How many ounces of paper gold to every physical ounce?

With the US and many countries in the West having fiat money printing 24/7 I doubt inflation has anything to do with gold or silver and as you say it doesn't have a yield, so why would it cause inflation.

Its profligate spending of Fiat capital that's the problem.

Remember the idiots put in ZIRP and NIRP policies for one thing only, to ensure that the interest payments on borrowing were kept in hand....now they are not.

Other casualties from the ridiculous ZIRP and NIRP are many pensioners who had savings earning next to nothing which caused so many of them to lose their life savings in high risk scams.

[excellance] 16/12/2022 17:39

Correct, a negative yield relative to inflation.

Commodities have no yield, but are finite, and arguably they are the cause of inflation.

[pensionplanner] 16/12/2022 17:29

Gold back to $1799. But as you and I have agreed, that's just paper gold manipulated downwards by Comex and derivatives.

[pensionplanner] 16/12/2022 17:27

excellence, but it doesn't give a nett gain, so whilst you suggest it gives a yield, it does, a negative yield, as even a 5% interest rate (if you could get it) represents diluting your cash when inflation is running at 10% plus.

[excellance] 15/12/2022 21:29

Gold back to $1776 again.

[broken_arrow1] 15/12/2022 08:45

For those interested online limits have reduced significantly this morning, only 2500 shares available at full offer currently then a premium being asked.

You could buy 10,000 shares yesterday slightly below offer price.

[excellance] 15/12/2022 08:21

Yes, but looking at the bigger picture, recession is coming, and gold will be in demand for some time, then copper and nickel as we come out of recession.

[amaretto1] 15/12/2022 07:52

Your a despicable character...No doubt about that !

[sleveen] 15/12/2022 07:46

Better sell up and buy premium bonds then.

[excellance] 15/12/2022 02:56

Gold now below $1800
UK interest rates will go up later today, 9th rise in a row but still way behind inflation which is at over 10% despite oil falling 20%

Cash now pays a yield, gives a return, unlike gold or ALTN shares.

[excellance] 15/12/2022 02:53

27.5m shares in issue,

ARL own 65.5%
Joshua Rowe 2.8%
Freedom Finance 5.6%
Retail plankton 26.1%

[stockknobjockeyvanbookstino] 14/12/2022 13:40

I'm still in here Excellance, sold a few only to balance things out, as held 1.1% of the share capital. Took a punt on EQT.

[wrighty46] 14/12/2022 11:12

Central Banks buying of gold is breaking records on a quarterly basis, imo gold is going on a long journey north in the not to distant future, and the sector will get alot of attention soon. On a separate note, it does appear a few of the posters here are trying to keep a lid on the share price Fine by me I'm still buying when funds allow. Liquidity here will be a massive issue when the pressure builds. Looking forward to it. GLA

[excellance] 14/12/2022 10:49

Central bank's always try to keep gold in check, but it's hard to see how gold can be restrained for much longer, given Basel 3, war, pestilence, and recession.

[excellance] 14/12/2022 10:47

Not really, commodities will do ok

[bsg] 14/12/2022 10:44

You seem to be a glass half empty person now?

[sleveen] 14/12/2022 10:00

Fair enough, I thought you seemed to be over egging the auditor issue.

Apologies.