Altyngold Share Discussion Threads

[excellance] 25/1/2023 21:03

There won't be any dividend in the short term, but in three years time a dividend will be knocking on our door, and hopefully ALTN will have tripled production and be throwing out mountains of cash.

TS should be in development and Seki could be on its way to 2mt pa by then.

[wrighty46] 25/1/2023 20:50

How about a special dividend that would be ermmmmm lol you never know.

[excellance] 25/1/2023 20:48

New all time high for gold in GBP?

[excellance] 25/1/2023 18:27

The pog in Q4 wasn't particularly high, ranging between $1625 and $1800. Q1 23 should show much higher financials, and may even show higher production numbers if any of that new kit gets delivered in time.

2023 should be good for ALTN holders.

[excellance] 25/1/2023 18:22

I think it's great how ALTN have not diluted in years.

[dofmeister] 25/1/2023 16:53

They could probably get another £10m bond away if they need extra funding...

[stevea171] 25/1/2023 15:46

Polymetal (POLY) considering moving its main listing to Kazakhstan where it has the largest gold mine in the country, producing 541k oz gold last year. If confirmed this would generate interest in other gold miners there eg ALTN.

Also possible dual listing on AIX for ALTN in due course.

FT today

The Astana International Exchange (AIX) does not have arrangements in place that allow proxy voting for remote shareholders, but Nesis said Polymetal was working with AIX to make sure the infrastructure for this was put in place.

and..

AIX (Astana International Exchange) informs that on January 25, 2019 United Kingdom’s HM Revenue & Customs (HMRC) granted AIX with ‘recognised stock exchange’ status under section 1005 Income Tax Act 2007. This status enables holders of securities listed on AIX to take advantage of certain favourable treatment under the UK tax laws subject to their individual circumstances and conditions applicable under such laws.

AIX’s CEO Tim Bennett commented:

«Obtaining the status of a recognised stock exchange from the UK HM Revenue & Customs is another argument for foreign, in this case British investors, why they should choose AIX as a centre of investment in the Central Asian region. At the same time, we are working to attract the interest of Kazakhstani investors in the projects of domestic business, so that entrepreneurs could raise capital for development in stock market which is more favourable than bank loans».

Currently, AIX is the only stock exchange in Central Asia that received a recognition from HMRC

[excellance] 25/1/2023 12:40

Buys and sells fairly even, but I think we'll get some late reported trades since the chart above has just popped up and it's not justified by the trades reported so far.

[wrighty46] 25/1/2023 12:36

A bit of selling on the way up always welcome. TS Update could come at anytime, results for Q4 within a week or so.

[excellance] 24/1/2023 23:11

We've ordered millions of dollars of trucks and ventilation fans, so we should see production increase, but it will take time.

In a week or two we'll get the Q4 report, but I expect it'll be similar to the last 3 or 4, with improvements showing as kit is delivered and installed.

They key going forward will be cost per ounce, with more ounces produced and a higher price achieved.

[observer007] 24/1/2023 22:19

According to the financials this is still one of the cheapest gold producers listed in London.

[excellance] 24/1/2023 21:08

I think there was some expectation of dilution, and the possibility of being taken private after the auditor resigned.

Now we have funding sorted, new auditor appointed, and gold price up 15%

The war, or at least the sanctions, actually increases the pog, due to the economic damage being inflicted, even though it's just a low level war, contained to a small region, at the moment.

[sleveen] 24/1/2023 13:20

Combined withe the fall in POG and Ukraine invasion.

[excellance] 24/1/2023 12:45

The reason the share price fell from 300 to 75 was due to uncertainty about phase 2 funding

[pensionplanner] 24/1/2023 09:53

With a very low production cost even gold at $1900 justified the £4. For me its a typical undervalued share price from a company with a good production track record who now mention the prospect/intention of dividend payments in the near future..

Some will play the peaks and troughs, others will sit quietly acquiring, because as sure as eggs is eggs, once a dividend is announced, however small at first, it will rerate the share price violently upwards.

Also the prospect of an agreed bid, if the family ever want to realise the value of the company where I'm sure there would be willing bidders, but hopefully not yet!

[goldenshread] 24/1/2023 09:47

This has a long way to go and you can clearly see why that last broker note had a mid target of £4

Back in 2020 the shares were £3 and the company was only producing a small fraction of the gold they are now producing.

I can see this going through £2 soon enough and onto £3+ if gold continues it's bull run.

[pensionplanner] 24/1/2023 08:43

The more countries looking to ditch the dollar, the more manipulation of commodities will cease, especially with regards to fiat capital, worthless bits of paper purporting to be gold or silver, with real physical gold and silver finding their higher levels.

Same true of most commodities though, but in particular gold and silver, as treasury departments aided by banks, particularly in the West have striven to suppress real price.

"In front of 3 witnesses, Bank of England Governor Eddie George spoke to Nicholas J. Morrell (CEO of Lonmin Plc) after the Washington Agreement gold price explosion in Sept/Oct 1999. Mr. George said "We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K."

[excellance] 24/1/2023 06:33

25 year gold chart shows a steep up trend, from $250 to $1936 today.
The ten year chart shows a cup and handle, while the five year chart shows a flag formation.

All charts suggest gold to break out to $2800.

[researchcentre123] 23/1/2023 13:49

Yup I was trying to buy half a share to set me up for retirement but couldn't get that either .....

[pensionplanner] 23/1/2023 12:20

Yes and they must be difficult to get as someone is adding 1 or 4 at a time (tic)

[broken_arrow1] 23/1/2023 12:19

There are just 5,000 shares sitting there currently at offer price, after that it moves higher.

[pensionplanner] 23/1/2023 12:17

excellence. We've probably all been in that situation one time or another.

[excellance] 23/1/2023 11:43

☹️