Altyngold Share Discussion Threads

[chrisis33] 06/11/2019 07:37

good post stevea171. additionally, at Teren-sai, Altyn also has a total exploration target (as stated on their website) of 9m ounces. lots of gold in the ground.

[excellance] 05/11/2019 23:56

Well, I'm hoarding and banking on 10x uplift

[homebrewruss] 05/11/2019 21:20

Thanks wrighty.
I wouldn't bother with twitter they have not tweeted to date and only have 3 followers including me.
I might try calling the London number they list though.

[wrighty46] 05/11/2019 21:15

Altyn.uk in fb search gets you there. I'm not on Twitter but might re install to do the same there. GLA

[homebrewruss] 05/11/2019 20:44

Weighty have you got a specific contact email for the company?

[wrighty46] 05/11/2019 20:40

I was looking back and like you say update early January would be good but nothing was forthcoming this year. News still due this year.News on new equipment, hopefully some kind of mining plan, maybe an ops and production update although not expecting one tbh. And possible more jorcs. Worst case scenario we get no news until end April/May time. That's probably what puts alot of investors off here. But I'm happy to wait for now. I was hovering today. Was considering buying another 2m shares but decided against it. Will probably buy some once the share price gains a bit of traction. Hopefully soon and before any news. Would be good if we got 1 or 2 bits of news on sellers going below 3% or even better being out. I haven't emailed the company for a while might give that a go again. GLA

[mikro1] 05/11/2019 19:42

Day to day prices are irrelevant in my opinion - none of us can know who is selling/buying or why. The key will be an update relating to H2 hopefully early in Jan

[stevea171] 05/11/2019 19:42

Silverdoctors.com has run an article that was sponsored on Oilprice.com:

"How To Buy Gold For $3.00 An Ounce?"


It's about a TSX listed company - Euro Sun Mining (ESM) that has supposedly 10.1 million oz of gold and copper (GEO) in Romania.
How is this of relevance here?
Well there are valuation parallels between ALTN and ESM.

ALTN has 8 million oz of gold at Seki and Teren-Sai valued at $1500/z giving $12 billion compared with ESM having an in-ground resource of $15 billion.

Mkt Cap of ALTN is $14 million cf $CA26 million ($US17 million) for ESM.

Extraction costs are likely to be similar c. $800 leaving $600-700 per oz profit.

The article goes on to say: Right now, Euro Sun could be worth 140X its current value.
Again, Euro Sun is trading at only $0.32 right now, with a market cap of only ~$26 million (at the time of writing).
Analysts know it’s worth more, perhaps far more.
Cantor Fitzgerald’s short-term price target is $2.10.
That would equal a massive 1,000% upside.
GMP Research has given it a $3.00 price target, equivalent to a potential 1,500% increase.

Similar logic could be applied to ALTN though Canadian mining companies are usually valued at higher multiples than UK listed miners. But here's the kicker. ESM is just advancing to construction whereas ALTN has a mine and processing facility
that are in operation with a 100k oz gold per year production target.

So on these superior comparatives, what price ALTN?
x10?
x15?
x140 - bit of a stretch atm!

Maybe Altyn should sponsor an article on Oilprice.com and see where it takes the sp!!

[tightfist] 05/11/2019 19:03

Very wise!

[excellance] 05/11/2019 18:46

In my experience companies don't do good news if they know a player is dumping, they wait til dumping is done.

[excellance] 05/11/2019 16:00

charts on advfn are nowhere near actual prices...useless

[excellance] 05/11/2019 13:16

Sell ad many as you like at 0.415p, there is a buyer there, picking up distressed sellers stock. Probably a deutsch bank insider selling company stock and buying into his own private account.

Can't trust this advfn chart tho...

[stevea171] 05/11/2019 13:08

It's also pointless talking about 'overhang cleared'. How many times has that comment come up in the past few weeks or more that has been groundless .... ?!!

The MM's are playing around with the prices and spread every day and the price has been falling with no recovery so no one can really say what stock they have to dispose of. From the movement of their prices, what's sure as hell is they don't want sellers!

[jc2706] 05/11/2019 12:28

It is pointless talking of a placing. It does not need to happen now and even when it may have been an option, do people seriously think that they would dilute their holding at these levels when they paid much higher?

[excellance] 05/11/2019 12:01

Looks like the deutsche bank overhang scuppered any placing and a loan was the obvious solution

Someone else buying today. Overhang cleared, do I have competition?

[excellance] 05/11/2019 11:59

Well, I'm hoarding a few of these, can dell millions mo problem. But someone else is buying and the share price looks like it's about to recover.

Overhang cleared.

[excellance] 05/11/2019 11:43

Bouncing now, no problem selling volume which is always a positive sign.

[excellance] 05/11/2019 11:24

Their income isn't covering costs!

Altyn has struggled at operational level, as they work through hundreds of thousands of tonnes of fairly low grade ore to get to the pay dirt they want, building the mine in the process.

Have they cleared enough rubbish now to progress the mine?

The loan suggests they have, do full steam ahead!

[chipperfrd] 05/11/2019 11:05

They should be buying back shares and cancelling them - not issuing more!

[excellance] 05/11/2019 10:55

A placing at today's share price would threaten directors grip, and raise cash too cheaply so destroy shareholder value.

A loan is good provided they deliver.

Great time to invest with a 3 year view.

[tightfist] 05/11/2019 10:38

Hi HBR,This has to be the ultimate slow-motion investment, OK if one don't loose one's patience!.I find it difficult to envisage a future placing on acceptable terms - for the share price to gain really substantial traction (and value the gold in the ground) may be decades away?.Organic cash generation and steady expansion seems the ticket for me. tightfist