Altyngold Share Discussion Threads

[pensionplanner] 03/9/2024 10:49

I’m not so sure gold prices will drop in the future long term as more banks and countries are returning to physical gold and the more pressure on fiat currencies the more reliable precious metals are and where IF eventually fiat has to return to some form of gold standard gold would need to be valued at considerably more than it is now

[gizmohican] 03/9/2024 10:08

Not sure why Altyngold don't continue to operate the old processing equipment along side the new and make hay while the gold price sun shines!

[louie2010] 02/9/2024 20:52

6 months chart is what, you're given no explanation on chart so where are we in charts , have you been looking at tea leaves

[louie2010] 02/9/2024 20:49

That's the target I had in mind. Big Red Fat Fukker Clown wrong as usual. 1 billion is the target at least . Cey is worth more with no debt but similarly if you sense share price rises in time with production recovery

[tim000] 02/9/2024 20:40

Agreed, £18 is a mkt cap of just under £500mn, not impossible by any means. The long-term plan for Seki is processing capacity of 2mn tpa I believe. Plus TS plus new projects. Aidar’s AGM comment implied he saw the company ultimately having a mkt cap of about $1bn, ie about 50% more than your target.

[excellance] 02/9/2024 18:51

180p and the mkt cap is still a ridiculous £47m.

The share price has doubled in six months and is still barely half of what it was 3 years ago, and without any dilution.

The recovery is going well but there's a lot more to come.

The 1800p comment may seem flippant but it is a real possibility!

My sights are on a rather more conservative figure of 600p in the next 18 months, but 1800p could be achieved in 5 years.

[louie2010] 02/9/2024 14:45

You shouldn't count you chickens before they hatch, last time you said something share price went south for years .

[excellance] 02/9/2024 13:03

The six month chart looks very nice.

I'm expecting a big step up when we get the next couple of production reports.

Fairly sure this board will then be awash with idiots like Louise.

[trader465] 02/9/2024 11:17

Wake me when 1800p is paid

[mold breaker] 02/9/2024 11:08

180 paid… bodes well… another good week?

[excellance] 01/9/2024 17:51

I'm playing the long game anyway. Final phase of Seki, TS development, and then other unknown projects,

I never discount corporate actions, they can happen at any time without any warning, but we have had hints of possible CAs.

We need to nail Seki first, this is our vehicle to get the funds to leverage into TS and other projects, and when Seki is PROVEN to yield chunky cash returns we can then begin rapid growth in other areas, as stated by the chairman and CEO.

The current six month period is absolutely the key to unlock everything else...

Even with modest projections of revenues we should be able to cut at least one open pit at TS, then in two years we'll have massive revenues compared to previous years.

[dofmeister] 01/9/2024 17:43

Agree Tim, but there are plenty of secondary funds who will invest given assurances.....

[tim000] 01/9/2024 17:36

Yes, certainly some IIs buy small caps in the retail market, but that market has shrunk a great deal and it’s hardly compulsory. And the lack of liquidity of the stock almost precludes it. I very much doubt we’ll get such an RNS in the next year, but happy to be proved wrong.

[excellance] 01/9/2024 17:09

IIs certainly do buy in the retail market, but prefer not to. If they can get a discount they'll take it. Take a look at how EUA share prices reacted once the company mkt cap got to a level where IIs were compelled to take positions.

Once the market properly values this company based on reliable numbers and projections both retail and institutional investors will flood in.

[tim000] 01/9/2024 14:48

At the time of the AR, Aidar was promoting the company in the city. I can’t believe he was expecting IIs to buy stock in the secondary market. It could be that he was laying the groundwork for a future CR, along the lines you suggest. I don’t know whether IIs would want to hold ALTN when there is a majority shareholder, however. I would have thought JVs via their SPV was more likely to attract new investors, especially Timur Turlov of course.

[dofmeister] 01/9/2024 14:39

Albeit, they do have the potential to issue c 9m shares and retain control. However, if they do do it will be at a much, much higher share price Could be good for £45m+ at £5+ to get TS up and running.....or for another acquisition.

[gizmohican] 01/9/2024 08:36

Totally agree

[tim000] 01/9/2024 08:13

Excellent summary.

[researchcentre123] 01/9/2024 07:56

The same goes for any company but since the family bought in, their actions have been shareholder friendly. They even lent money to the company when it needed it and went by for years on minimal wages. They've run the company in a low cost way, overcome legal issues the company had from previous management years back, took it through COVID etc and now it seems to be coming good. I'm quite happy to sit on my shares for the next few years while they run it. They are not quick buck merchants but builders.

[excellance] 31/8/2024 23:34

The past is no guide for the future. A corporate action could see tens or hundreds of millions of new shares issued with warrants and options for insiders. Who can say what the share price could be in such a situation.

[tim000] 31/8/2024 22:25

I’ve edited the above post to correct an error. New equity was raised at £15/share in Jan 2007, at which time the mkt cap was £63mn - one-third higher than today! At that time the gold price was c$700/oz.

[gizmohican] 31/8/2024 09:38

We just need the processing plant update with some good figs for Septgold pour in oct

[tim000] 31/8/2024 09:05

I overlooked that the company had its 20th anniversary in June as a listed entity. It initially raised capital @£5 per share (its equivalent now) and subsequently issued new equity at prices up to £15 per share (29/1/2007, at which time the mkt cap was £63mn). The lowest price new shares have been issued was £1.975 in the early days of the family’s control (namely Jan 2014). So although the share price has had a good run recently, it is still below that figure. And yet the company today bears no comparison to itself of years gone by; the progress made is remarkable for such a small company that has not diluted shareholders.