Altyngold Share Discussion Threads

[busterhogdog] 23/8/2024 09:34

Good morning, who is Louie that's the nutter from LSE board iam buster hog dog invested in Cey , do you think altyn worth a punt as some on say it's risky.

[tim000] 23/8/2024 07:52

Save for a temporary spike - I think associated with the Russian invasion of Ukraine - the tenge is now back to around record lows against the dollar.

[pensionplanner] 23/8/2024 07:13

Good morning busterlouie

[excellance] 23/8/2024 06:26

If the USA moved to support the dollar with gold I doubt they could do it. Kamala has already hinted at price fixing using the iron fist of the state.

[busterhogdog] 23/8/2024 03:35

Have you written a book

[busterhogdog] 22/8/2024 21:38

Who was that was it Nigel Lawson

[pensionplanner] 22/8/2024 07:01

For me comparisons in gold price are not why gold is rising. Its a growing lack of faith in Fiat currency, growing debt on a massive scale, so much so that there will have to be something to underpin Fiat or a complete reset, and gold fits that bill.

Gold, well at least physical gold is real, whereas Fiat is not even worth the material its printed on, especially if the trust placed in it evaporates and it is.

So any comparisons for the future may be wildly out, with gold hitting new highs, especially if its used in any reset.

No coincidence that countries have tried to repatriate their gold.

[the modeller] 22/8/2024 07:00

The BoE base rate went from 1,000 to 1,200 basis pts on Black Wednesday and returned to 1,000 basis pts the following day.

[excellance] 21/8/2024 23:56

I remember the 17% rates from that Tory fool, and the ERM.

[king suarez] 21/8/2024 23:26

Yeah, the 70s, 80s, and 90s all ranged between 5 and 17%. Only the last 25 years have seen rates top out at 6%.

Over the last 100 years the average rate is still 8.3%.

Here’s what the first few decades looked like:

Changed to 4.5% in Jan 1695
Changed to 3% in May 1695
Changed to 4.5% in June 1699
Changed to 4% in July 1716
Changed to 5% in 1719

From 1719 to 1822 (that’s over 100 years), the equivalent of the bank rate never changed from 5%.

In the 1800s, interest rates varied a bit more with the lowest rate being 2% and the highest rate being 10%.

However, for most of the 1800s, the bank rate hovered between 3% and 5%.

In the time period from 1900 to 1950, the interest rate mainly hovered around 4%-5%, but from 1950 to 1999 the interest rate averaged closer to 10%.

All from here:

[excellance] 21/8/2024 22:57

Wow, average UK interest rate over 50 years is 9.1%?

Amazed by that. My guess is nearer 4%.

[king suarez] 21/8/2024 22:47

Apparently the average UK interest rate for the last 50 years has been 9.1% (suprising? but I guess the 70s was particularly high?).

So if you compound £9,017 at that rate for 50 years you get £802,140.15p - that's assuming you could get the same rate on cash interest, which is unlikely? If you compound it annually instead of monthly it's lower at £673,564.29.

FTSE 100 started in Jan 1984, so only 40 years data, but average total return has been 7.4%.

Can only find average UK gilt yields going back to 1998..

And this snippet:

"Average annual return of gold and other assets worldwide 1971-2024. Between January 1971 and March 2024, gold had average annual returns of 7.98 percent, which was only slightly behind the return of commodities, with an annual average of eight percent".

Playing around with a compound interest calculator I make that return on house prices over 50 years to equal about 7.2% annually, so it appears stocks, housing and gold have risen at similar rates over the same period roughly?

[dofmeister] 21/8/2024 22:15

I think they have been very clear on TS. Another 1m tpa plant.
Test results at 1.8 g/t and 81% recovery suggests c 45,000 oz pa.

That should see us at 100,000+ ox in 2 years....

[excellance] 21/8/2024 21:35

So if you had £9017 in the bank since 1974, or invested in the FTSE 100, or bonds, what would the outcome tell us?

[king suarez] 21/8/2024 20:53

Re: gold price (from another poster)...

Ave UK House Price July 1974: £9,017
Gold Price July 16th 1974: £59.063
Therefore 152.667 oz Gold to buy average UK House

Ave UK House Price July 2024: £287,924
Gold Price July 16th 2024: £1,879.90
Therefore 153.159 oz Gold to buy average UK House

Gold has remained remarkably constant over that timeframe. Call it a constant 150oz to buy the average UK House over the last 50 years.

£1 in your pocket would have bought you 0.5266gms of Gold in July 1974
July 2024, that same £1 will only buy you 0.0165gms of Gold

There seems no denying the fact that fiat currency is just on a constant downhill trajectory towards becoming completely worthless, as compared to the constancy of the value of Gold

[excellance] 21/8/2024 19:40

For the the fly in the soup is lack of clarity on TS.

They say TS is very valuable to them, state they intend to cut an open pit there within two years, eighteen months now, yet have hardly mentioned any quantifiable targets. Yes there was a CPR from 5 years ago when gold was $1100 but surely a lot of work has been done since then?

I look forward to a TS presentation and some enthusiasm about the project from the company.

[tim000] 21/8/2024 19:07

I’m sure we here all agree that, on any metric of valuation, ALTN is still far too cheap. £3 per share would be closer to the mark, based on what we already know. That too would be very undervalued should we produce 15k oz per quarter, gold prices remain at $2500/oz and plans are announced to bring TS into production.

[excellance] 21/8/2024 18:55

The price of gold, and weakness of the dollar, are key to our current rise while we await production numbers.

Gold at $2500 seems high relative to the past 30 years, but is it really?

When gold was $400 nobody wanted it, economies and governments seemed strong and immortal.

Now, with MASSIVE government debt, multiple geopolitical flash points, and genocidal idiots in positions of power, gold has found it's 5000 year sparkle.

They say that an ounce of gold always buys a designer outfit, in Roman times and today, so is $2500 per ounce really a high price?

I think the current level is about average after decades in the doldrums, but some are talking $5000 per ounce!

With inflation and a few years then yes definitely $5000 will happen, but I don't see that anytime soon. Maybe $2900 top in the near term...

We just need to see confirmation of progress at Seki and what that means in dollar profit terms, so we have at little while to wait.

60,000 Oz pa x $2500 is $150m revenues...and we have another bunch of open pit mines to cut!

Current mkt cap of £46m or $60m seems ridiculously cheap to me. If we ten bagged from here I wouldn't be surprised, but I think more work required to justify such a move...let's say they finally announce some meaningful activity at TS with quantifiable targets, funded by modestly leveraged profits from Seki, what share price then in this $2500+ per ounce world?

[gizmohican] 21/8/2024 13:10

Blimey r the mm's finally waking up!

[excellance] 21/8/2024 10:27

Another one gone...
Yes I'm the CEO and I decide the share price on a daily basis as soon as I get out of bed

[gizmohican] 21/8/2024 09:24

Yeah T and in a big way to

[tim000] 21/8/2024 09:18

Indeed. You can see why AA was so bullish at the AGM. With mining, the only thing is that business development takes time and careful planning. But gold stocks are coming into favour.

[gizmohican] 21/8/2024 09:14

our mtkt cap is still only about 47.8m

[tim000] 21/8/2024 09:09

The new filter option is indeed very useful, I use it a great deal. Hope everyone here does.