Altyngold Share Discussion Threads

[king suarez] 18/12/2024 17:13

People just can't stop giving away their holdings cheap - mad...

[excellance] 18/12/2024 16:27

Yeah, there's an underlying up trend still, the share price got a little ahead of itself, perhaps over bought but is nearing oversold as often happens with the yo-yo effect.

Personally I'm not troubling myself with trading, and the spread reinforces that strategy, I'm holding for the long term, was supposed to be five years but now looks to be seven or eight.

[pensionplanner] 18/12/2024 15:04

so it goes down until it goes up.

Don't pay much attention to these things

[mold breaker] 18/12/2024 13:30

hxxps://www.investopedia.com/terms/w/wedge.asp#:~:text=Is%20a%20Falling%20Wedge%20Pattern,to%20slow%20down%20the%20fall

[king suarez] 18/12/2024 12:49

Is that a good thing, or no?

[goldandgrey] 18/12/2024 12:46

For those that like such things, it is looking like a falling wedge at the moment.

[excellance] 17/12/2024 13:23

Spread is supposedly a symptom of perceived risk for the mm.

$100m revenues, £50m mkt cap, where's the risk?

Of course there's single asset, single jurisdiction risk...

[pensionplanner] 17/12/2024 11:58

Feel for the spread betting fraternity with closing deals only virtually forcing a closing deal and adding more fuel to any price drop, knocking out even more.

No wonder so many lose money on leveraged deals.

[louie2010] 17/12/2024 11:43

The spread puts off new investors as big hit as well . There should be buying into this by now not the other way around, very disappointing when you see other mining shares SRB . No one is buying as news is vague and not being released quick enough even a small titbit on what is going forward could change sentiment towards this share .

[palisz] 17/12/2024 10:37

Groan! I'm not questioning anybody's 'right' to buy or sell.
I am questioning the ethics of deliberately writing misleading posts on here.
I am pointing out it happens, unfortunately too often!
Your other points I totally agree with.

[pensionplanner] 17/12/2024 10:35

They certainly seem reluctant to encourage buyers with the spread.

[goldandgrey] 17/12/2024 10:34

I've had a quick look and confess that I can't see a gap at 150p. In fact, that seems to be the most congested price level on the chart (and looks like a support area. There is one at 180p though.

[pensionplanner] 17/12/2024 10:22

Palisz. I don't know if JP sold more, but its his right to sell whenever he wants, and for whatever reason, none of which I am privy to.

For those seeking the short term, it might be frustrating, and I suspect some have offloaded thinking there's the doldrum effect of no further news, but for me, I'm quite happy for these sellers to do that.

Gives an opportunity for new buyers, and those of us who are long term, able to take advantage of drops.

I've not seen any detrimental news so until, unless or even if that were to occur I keep to my original agenda of acquiring when I can.

There's very little patience in the market these days, but we will see if my strategy is well placed or not before too long.

[palisz] 17/12/2024 10:21

Nice spread ! sarcasm!
Even the MM's don't want to get caught short down here..
Doesn't mean anything.

[goldandgrey] 17/12/2024 10:19

Well, large rises ultimately result in more selling and less buying and a commensurate fall in share price. This feeds itself until it bottoms when the whole process starts again.

Thinly traded shares accentuate the process.

[bsg] 17/12/2024 10:00

I remember the 0.5p to 3p rise and the large seller knocked that on the head.

[simonparker5] 17/12/2024 09:55

This is getting silly now.

[goldandgrey] 17/12/2024 09:29

Illiquid shares are vulnerable to small bouts of selling. A few thousand can move the market capitalisation by millions. Ultimately the share price will reflect the underlying value to a greater or lesser extent.

The gold price and the effect this has on cash generation cannot be ignored forever and the movement in share price of peer companies shows what is likely to happen once the selling is exhausted.

[palisz] 17/12/2024 09:21

A month ago a 'jp' said he was a holder, then sold 50k. over a week.
Not so honest.
Which he announced in here,
Then said he'd finished and was keeping his remaining balance.
Clearly being forced to sell more as continued in the same manner.

By my reckoning another 40k...so can't have many left. (hopefully )
Once done, should bounce hard, especially on any news.
Never trust comments like his. Not uncommon.

[bsg] 17/12/2024 08:57

Looks like share price heading for the gap @ £1.50.

[louie2010] 17/12/2024 08:41

Hopefully soon share price needs it more selling investors need updating plant should be running at full capacity where's the RNS confirming this .

[tim000] 16/12/2024 12:23

Whenever they do decide to publish an update, there is news due on commissioning of the new plant, drilling results at TS and any progress on the new projects mentioned in the Q3 production RNS. Plus potentially Q4 and 2024 production figures and next steps at TS, including an updated JORC resource. So news is accumulating.

[researchcentre123] 16/12/2024 11:52

I think that's the key and if they start doing dividends, then another type of investor will be interested too

[excellance] 16/12/2024 11:41

The new financial profile will open up lots of new opportunities, but also put the company in the shop window.

Lots of larger mining companies will happily swap equity for cash generating assets.