Altyngold Share Discussion Threads

[excellance] 23/3/2023 16:02

One of these days, when the insider's are ready, the price of gold will explode north.

[pensionplanner] 23/3/2023 15:55

excellence. We'll see what happens Friday though, as its the usual day to smash gold and silver. Same as when Asian markets are closed.

[pensionplanner] 23/3/2023 15:54

was quoting Comex

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
GC1:COM
Gold (Comex)
USD/t oz. 2,006.50 +39.90 +2.03% Jun 2023 11:40 AM
JG1:COM
Gold (Tokyo)
JPY/g 8,348.00 +54.00 +0.65% Feb 2024 11:30 AM
XAUUSD:CUR
Gold Spot
USD/t oz. 1,983.59 +13.48 +0.68% N/A 11:50 AM
XAUEUR:CUR
Gold/Euro Spot
EUR/t oz. 1,820.81 +6.22 +0.34% N/A 11:50 AM
XAUGBP:CUR
Gold/British Pound Spot
GBP/t oz. 1,610.92 +4.91 +0.31% N/A 11:50 AM
XAUJPY:CUR
Gold/Japanese Yen Spot
JPY/t oz. 259,985.69 +1,008.13 +0.39% N/A 11:50 AM
XAUINR:CUR
Gold/Indian Rupee Spot
INR/t oz. 162,017.63 -481.12 -0.30% N/A 8:56 AM

[pensionplanner] 23/3/2023 14:40

That is not an isolated incident excellence, just as audited bars have been found that do not match their original serial number and indeed even the BoE audit is not a proper audit at all and does not preclude hypothecated gold, which is why countries demanded their physical gold back, and where it seemed to take an inordinate time to accommodate someone getting their own gold back!

Of late Australia has also fallen foul of gold standards in exports to China.

It wasn't too long ago that millions of pounds worth of copper turned out to be copper coloured paving stones!

Even the BoE and other bullion dealers are getting in on the act, telling customers they will get their gold cheaper, as long as its either kept in the sellers vault or in the BoE vault.

The only physical metal you own, is that which is in your direct possession.

Gold now over $2,000

[excellance] 23/3/2023 10:22

Reading about the Brinx Mat robbery it seems some of the gold bars matching serial numbers from the stollen hoard turned out to be plated tungsten. Imagine that.

What if...Brinx Matty knew they had 3 tons of fake gold bars...didn't even bother putting them into the vault!

[pensionplanner] 23/3/2023 09:29

No. I'm not swapping one fiat currency for another, albeit the dollar losing its petrocurrency status, will inevitable cause havoc for the US and others.

Of course that could change if as suggested China and others go back to a gold backed currency.

Probably why so many countries have been seeking to get their gold back!

Still better than JPM, who recently found their nickel purchases were nothing more than stones!

[excellance] 23/3/2023 09:23

Interest rates will continue to rise, tho at a slower pace, to try and strengthen currencies, and wealth will be destroyed as we dip into recession.

The world has better places to invest these days, as the east moves away from dollar trading platforms and threatening the solvency of the dollar system.

Is anyone ready to open a Renminbi trading position or bond portfolio yet?

[excellance] 23/3/2023 09:03

In Kaz maybe?

PP I think he meant our SP

[researchcentre123] 23/3/2023 08:03

It says 280k volume yesterday and 21k average volume. I don't remember such big trades yesterday - is it possible they were done thru private deals?

[palisz] 23/3/2023 07:41

Yahoo finance shows volume yesterday of 250,000.. anyone else see this?

[pensionplanner] 23/3/2023 06:32

Personally I think they have a solid performance record?

[bsg] 22/3/2023 15:49

Always seems to be one step forward, one step back here.

[excellance] 20/3/2023 12:41

The paper gold market has to detach at some point as nobody actually takes delivery and the contracts can be fulfilled in dollars.

[pensionplanner] 20/3/2023 10:28

No doubt Friday trading will see a concerted effort to drop the gold price as governments and banks keep up manipulation whilst they can.

[mold breaker] 20/3/2023 10:26

149/150 paid… should tick up a bit more, only few more buys should see into 150’s today.

[quinan] 20/3/2023 10:24

I can sell 10K for £1.43 and buy for £1.50 not too bad

[11_percent] 20/3/2023 10:01

Heck of a spread here.

[chrisdgb] 20/3/2023 09:51

So if it were valued the same as something like Centamin on a revenue basis it should be 375p.......

[excellance] 20/3/2023 09:46

Really good from a value perspective, but grossly undervalued still.

[chrisdgb] 20/3/2023 08:24

Yep all looking really good here now...........

[pensionplanner] 20/3/2023 07:44

Gold price surged through $2000

[excellance] 19/3/2023 20:11

They could just buy ALTN by RTO and almost instantly re-dom in Kaz, and of course get a great asset in the process.

Not sure how to value such a move from our perspective, but it would be a spectacular uplift.

[stevea171] 19/3/2023 18:37

Latest news on Polymetal (POLY), PM major with operations in Russia & Kazakhstan likely moving domicile to Astana. They could be very interested in increasing operations in Kaz in due course so could bid for Altyn but need to reduce debt first.

16/3. POLY FY results 2022. USUSD 933million (33%) revenue was generated from operations in Kazakhstan and USUSD 1,868 million (67%) from operations in the Russian Federation.
(47%) of Group EBITDA originated in Kazakhstan and USUSD 539 million (53%) in the Russian Federation.

PRESERVING SHAREHOLDER VALUE

-- The Group continues to evaluate all available options to modify the Group's asset-holding structure inorder to maximise shareholder value.

-- The Group's preferred option is the potential re-domiciliation of the parent company, Polymetal International plc, into the Astana International Financial Centre (AIFC), a financial hub in Astana, Kazakhstan, taking into account the Group's significant operations and presence in the region, the AIFC legal system, tax regime and the ability to execute such a re-domiciliation.