Altyngold Share Discussion Threads

[littlepuppi7] 19/11/2019 22:52

I think i have only posted on Kefi and EUA.. Not double glazing.. They dont like it - and if you dont like it filter me.. But I have raised the profile here.. ALTN is a classic diamond in the rough.. You need to get the word out to a point so people find it.

[chrisis33] 19/11/2019 22:51

those NPVs are based on a much lower gold price than we see at present.

[mikro1] 19/11/2019 22:33

Welcome aboard all newcomers, momentum is building..

[excellance] 19/11/2019 21:55

I agree with everything said.

Eurasia was ths best value opportunity until a few weeks ago, but that has risen sevenfold, and may only quadruple from there.

DB funds rationalisation presented a brilliant opportunity here, and at 0.5p I loaded up big, and I can see this rising sevenfold easily in 18 months.

Eurasia is still my favourite but only because I know that inside out, but this is my number 2 holding now, and if Eurasia gets taken over I will be piling in here even more unless I miss the boat.

The only other similar alternative is RMM which is a copper gokd recovery play...but I'm not gonna ramp that on here...I like HZM too...dyor

[stevea171] 19/11/2019 21:19

Thanks RT and JC.
JC thanks for those points. Yes, I'm aware nothing is certain about production and when they might reach capacity would depend on where they are up to currently and what extra equipment they have purchased and installed since September.

Maybe they will update the market in the next few weeks?

[jc2706] 19/11/2019 21:09

A good summary stevea171.

A couple of points (doesn't detract from the quality of your summary!):

1. It is unclear whether blocks 3-8 and 11 have sufficient ore to satisfy 800k tonnes which means that the grade is an unknown

2. Regardless of knowing the grade I would be tempted to use the proven reserve grade to calculate potential production levels

3. I doubt whether they will reach capacity in 2020

4. They will need to increase the processing capacity to achieve 100k oz even at the reserve ore grade

In my opinion, this remains the highest potential gold mine on the London market provided they can deliver (I am aware that is a big caveat!)

[roguetreader] 19/11/2019 20:57

Cheers Steve, let’s see if they deliver.

[stevea171] 19/11/2019 20:56

Highly Geared. Glad you like. Altyn has bits of info all over the place which makes it time consuming to access some of it and evaluate the company.

They need to put a presentation together and bring shareholders up to date to supplement their new website.

[littlepuppi7] 19/11/2019 20:37

Jeffery you have to go a long way to find a better risk reward profile than here at this very low price entry point. Would he be piling in at 40m mkt cap in the current situation, probably not. But at around 12m it's a cracking buy.

[excellance] 19/11/2019 20:35

What anyone does with their investment is up to them, but of particular importance is the 70% holding by the owning family and what their intention is.

I hope the intention is to get these assets into profitable production then reduce their holding to other investors.

[red army] 19/11/2019 20:11

Jeffrey - How can you be sure of anything???

[jeffery060] 19/11/2019 19:48

Question for our good friend that bought a fairly large quantity today: What is the reason you are investing? And how sure are you that this will be a winner? Thank you!

[highly geared] 19/11/2019 19:28

Superb summary, thanks Steve.

[red army] 19/11/2019 17:42

Do we need the two threads?? Can we not have just the one??

[littlepuppi7] 19/11/2019 17:25

Welcome aboard

[cl2201] 19/11/2019 17:17

It was me. Bought 5,300,000 @0.65p. A bit higher than I wanted to pay but more than comfortable with that entry point. Hopefully more will come available at or below 0.65 tomorrow so I can complete my planned purchases.

[tightfist] 19/11/2019 16:53

Paying full Ask in size after the Close bodes well, IMO

[littlepuppi7] 19/11/2019 16:48

Someone wasw bidding for 5 million at 0.55.. Not satisfied... very interesting.. All stock on the offer was bought up to 0.9p....