Altyngold Share Discussion Threads

[pensionplanner] 23/1/2023 09:04

I suspect though so many short term traders are what affects Altyn in particular, as buys before expected news and even great news often results in profit taking and even boredom without the prospect of quick and repeated news, and that may carry on until a maiden dividend takes Altyn into a different league when it could and should rise exponentially, which should even leave the £4 in the rear view mirror.

Patience as ever is the name of the game, as selling them for a quick profit may be feasible, but getting them back again, not quite as easy.

[mininglamp] 23/1/2023 08:43

It is very important to note that the drop from £1.85p back in mid 2021 was on very low volumes, since then ALTN has made major strides on production and cash generation, this increasing volume will propel the price up disproportionally therefore.

No wonder the last broker note had a target of £4+

[pensionplanner] 23/1/2023 08:39

new

That always seems to be the case with Altyn. I had an 80k order that I instructed broker to keep running, In fact I ended up buying whatever I could via my on line account as well, taking the order down to whatever was available and with the broker and my own purchases got a decent amount but it took weeks and still not the order I originally wanted.

[goldenshread] 23/1/2023 08:33

I noticed that Q4 production update came 1st week of February last year, its imminent therefore, it should be good, in the last update they suggested they expected to see gold trade around $1700oz to year end, but is has been far better than that.

The shares have a long way to rise to reflect fair vale. I expect to see £2 breached, possibly by month end.

Time to buy.

[nevgroom] 23/1/2023 08:13

But put a limit order for 5k in at 130 and............... :) :)

[nevgroom] 23/1/2023 08:12

Only letting me buy 500 @129.45 this morning

[researchcentre123] 21/1/2023 08:32

Well the PE ratio is 2.35 but the forward PE ratio is likely to be closer to 1.5 or 1. So it looks good to me, especially when you take into account the expansion plans.

[sharekitchen1974] 20/1/2023 16:21

Im happy to hold until I see dividends but I expect the share price will be multiples by that time, can easily see this reaching 250p in pretty short order

[excellance] 20/1/2023 16:19

Punters want high risk 20/1 outsiders, rather than 4/1 certainties. Mad.

[thecoyone] 20/1/2023 16:10

Punters happy to pile into speculative garbage but leave alone solid cash generative companies like Altyn Gold.

Looking at the numbers you can clearly see why the market has missed priced the stock.

All boxes are ticked, even after the recent stock price rally the shares are dirt cheap on fundamentals.

Serious money to be made here IMO.

[mininglamp] 20/1/2023 15:31

The price action here is very bullish, with the last broker offering a price target of £3.60p to 4.20p

Getting harder to buy in any real size also.

[sharekitchen1974] 20/1/2023 14:18

Correct chart


free stock charts from uk.advfn.com

[sharekitchen1974] 20/1/2023 14:16

Its clearly broken out of the downward trend on the chart


free stock charts from uk.advfn.com

[researchcentre123] 20/1/2023 10:19

Putin has enough trouble in Ukraine....he's not going to be looking to expand the war and Kazakhstan don't want to get involved.

[mininglamp] 20/1/2023 08:02

The new auditor appointment is very reassuring, it shows the BOD are on the ball and that gives confidence.

I concur with others there is very little to hold the share price back, maybe, just maybe, that broker target north of £4 a share is not fantasy after all.

[excellance] 19/1/2023 19:56

I have to wonder what the share price will be by Xmas with so many positives going forward.

Cash raised, kit ordered, for phase 2 expansion, increasing output to 850ktpa, then on to 1mt.

TS drilling report, CPR, and investment decision.

Strong and rising gold and silver prices

Current very low share price relative to earnings, but the trend has reversed, we've broken out, and the brokers estimated valuations several times the current one.

We just need the Ukraine war to stay in Ukraine.

[excellance] 19/1/2023 19:41

Delighted with today's news, and the solid price of gold today.

[goldenshread] 19/1/2023 19:38

I was delighted to hear that they have secured a new auditor, I emailed them two weeks ago about the auditor situation, I received no reply and was somewhat concerned to be truthful.

One assumes the matter would have been price sensitive which could have explained the lack of reply but now all is OK.

The new auditor appointment clears the way for the ongoing re-rate - if gold continues it's bull run the share price to soon be heading for the £2 mark - it is clear that ALTN has become a growth stock in a ever increasing bull sector.

[dofmeister] 19/1/2023 17:37

Good news! It was a niggling worry....

[pensionplanner] 19/1/2023 17:21

sloppy. Auditors had to go in any event and no doubt they'd have known that. BDO were auditors right back from about 2013 before the company had the name Altyn. As far as I can see they were appointed 12 February 2013. Before that it was Deloitte

[mold breaker] 19/1/2023 16:52

It’s all coming together. Next few years should be interesting.

[sloppyg] 19/1/2023 16:52

Good news indeed so having a nibble once more. not sure the 10 year rotation tallied up with the auditors resignation statement but hey....

Personally I think it's mainly the governance/credibility factor that is holding this back from a significant re-rate so hopefully today is a step in the right direction.

[quinan] 19/1/2023 15:20

Are we at £4 yet

[bsg] 19/1/2023 15:10

That should stop the de-listing talk.

[goldrush] 19/1/2023 15:03

Decent firm....and another box is ticked.