Altyngold Share Discussion Threads

[researchcentre123] 01/2/2023 09:17

Anyone know when the last day to publish the annual report is? I think there were extensions last few years because of COVID but not sure if that's still the case

[excellance] 31/1/2023 18:59

Chart says 140p support/resistance, so I expect we'll move sideways, rangebound for a week or two.

We've moved up pretty much in a straight line, with limited volume due to mm limits and availability, and the Q4 report is due in maybe ten days which should show similar numbers to previous ones to solidify the level of certainty.

TS development news could blow the bloody doors off...

[papillon] 31/1/2023 17:10

free stock charts from uk.advfn.com


ALTN Heikin-Ashi candlestick chart showing Bollinger Bands, 14 day RSI and MACD. ALTN has experienced a big rise since the start of 2023 and it's been overbought (RSI) for most of January plus the gold price has been consolidating after the big rise from the $1625 low so a pull back in the ALTN share price on profit taking is to be expected.

[excellance] 29/1/2023 10:09

A look at the five year chart puts the current share price in to perspective.

We had a lovely ride from 100 to near 300 as the Seki mine KPIs improved, but maybe we got a bit ahead of ourselves due to uncertainty on finance for phase 2.

That was two years ago, and Seki is performing very well, gold prices are robust, and crucially we've secured phase 2 funding on excellent terms.

This makes our near 300 high 2 years ago look VERY low,

Where do we go from here?

My guess is that as KPIs improve and milestones are passed we should grind on past 300 to 400 this year, and on to 600 or 800 next year.

[someuwin] 27/1/2023 15:42

Can buy £7k. But not £8k.

[excellance] 27/1/2023 13:17

Simply is automated so ignore it.

[researchcentre123] 27/1/2023 11:57

Https://simplywall.st/stocks/gb/materials/lse-altn/altyngold-shares/news/altyngold-plcs-lonaltn-share-price-boosted-85-but-its-busineThey got it right about the PE ratio but haven't understood that they've been investing and improving. Still at least there's some coverage going on.

[pensionplanner] 27/1/2023 11:51

Wrighty. increase PR and it will increase production, but as ever patience required

[wrighty46] 27/1/2023 11:22

Well definitely demand for the shares out there. Every sell just attracts more buys. Regarding the installation of new equipment, this is where I hope the company massively increases its pr. Won't hold my breath but we shall see.GLA

[trader465] 27/1/2023 10:59

2021 grade was 1.96

The first three quarters of 2022 they have achieved an average grade of 2.07, so 2022 should show grade has increased by 5.6%

[rimau1] 27/1/2023 10:46

Q4 will be good. Average gold price would have been slightly higher than Q3 and grades should have continued to improve.

[pensionplanner] 27/1/2023 08:35

Implementing new equipment into the production may slow things down initially, so I'm not too worried about the Q4 figures, but of course the more gold the merrier! More interested in overall news from the company as somethings awakened the share price albeit it was clearly under priced.

[wrighty46] 27/1/2023 08:30

Buyers up early it would seem. Q4 results probably next week, won't be explosive but looking forward, should get interesting. GLA

[sloppyg] 26/1/2023 19:43

I think it’s all mainly due to securing new auditors; removes a significant compliance risk and is hopefully the start of improved governance…230;much needed.

Took an extra 15k shares this morning and moved the bid +10p. Free float so small.

[excellance] 26/1/2023 17:51

Personally I'm expecting Q4 23 numbers to be broadly in line with previous quarters, but more important is the TS situation, so maybe there's excitement growing about that?

[excellance] 26/1/2023 17:48

156/160

Solid volume today, no idea where the shares are coming from, seems to be mostly buys.

[wimbled] 26/1/2023 17:18

Price was suppressed by scare mongers suggesting no auditors will result in delisting.
The facts;
• Large gold reserves
• New Auditors in place
• Capital agreed and available to expand works
• Increasing Production year on year
• Low margin costs
• Potential to pay first dividend

[dofmeister] 26/1/2023 17:02

Interesting no more exploration at TS budgeted for next year - hopefully finished and got a huge resource.....

[excellance] 26/1/2023 16:57

This has a long long way to go...

[farrugia] 26/1/2023 16:33

i was almost tempted to sell but then gave a glance - I think I'm happy to wait for much more!

[wrighty46] 26/1/2023 16:24

Not a rerate just playing catch up. GLA

[mold breaker] 26/1/2023 16:24

tiny volumes (drip, drip) sent it down, glad some decent sustained buying has pushed it up fairly quickly. Guess most in profit again 😎

[sleveen] 26/1/2023 16:18

I'm stunned by the speed of the rerate.