Altyngold Share Discussion Threads

[cyberbub] 03/1/2020 16:31

Bid price has rocketed to 0.68. TBH I have been amazed at the volatility on the share trades all day, it's very hard to tell what's going on. Sells going through a minute apart at substantially different prices, published and real spreads all over the shop. It must be even more illiquid than it appears.

[excellance] 03/1/2020 15:31

Still 0.565 on AJB

[cyberbub] 03/1/2020 15:19

Current spread for small amounts appears to be 0.62 - 0.65 which is much narrower than the published... The published mid price will probably drop substantially at close, but it's still a decent rise in the day, with increased volume.

[cyberbub] 03/1/2020 15:07

Yes it seems to have just dropped for me too... But I was getting 0.61 not long ago to sell my 3M, when the published bid was only 0.55....

[excellance] 03/1/2020 15:03

Real sell share price is. 565 on AJB

[cyberbub] 03/1/2020 14:52

Spread is only a problem if you're a short term trader...But the real sell price is 0.61 when the published price is 0.555... it only takes a dummy sell to check.Both the published bid and offer are false.

[tightfist] 03/1/2020 14:51

Or the MM's want you to believe that....... rarely seems to actually trade close to the Yellow Strip prices?

[excellance] 03/1/2020 14:44

The biggest risk is the spread.

The advfn chart is never accurate, so right now it says 0.72 mid on the chart yet the selling price is just 0.56p

Always a 15 or 20% spread, so presumably there's still a big seller.

[cyberbub] 03/1/2020 14:29

Personally I would be looking for 15p+ by then HG, maybe I'm a bit more optimistic than you :-). Still it's a lot more than 0.6p, for people who can stomach the risk...GLA NAI

[excellance] 03/1/2020 14:27

Don't be fooled by the advfn chart, the real selling share price is 0.56p

[highly geared] 03/1/2020 14:20

Agreed Cyberbub. I’m here for 2023-24 and a market cap of £250 million based on average gold of $1750.

[cyberbub] 03/1/2020 13:22

HG, £100M = 4p/share, I would be happy with that in 2020, with the prospect of going much higher in the medium term as they ramp up production and reserves...especially if gold goes on a run towards $2000...NAI

[highly geared] 03/1/2020 13:12

The CPR’s on the 2 assets at lower gold prices valued them at c. £380 million NPV10.

If you value the reserves at say £75/oz ‘ in the ground ‘ that’s £225 million.

If you look at a production path to 100k oz/year and compare to AAZ @ c £165 million market cap (AAZ has substantially lower reserves). HGM at c 300k/oz = £650 million market cap.

Whichever way you cut it Altyn is undervalued. EV currently c. £40 million. I’d suggest fair value currently based on production improvement and reserves = £100 million.

[meanreverter] 03/1/2020 13:04

In a pre-opening post this morning: “Sadly we will just linger while other gold stocks go crazy!” Now we are up 19% — not too bad!

[littlepuppi7] 03/1/2020 12:52

Yep Eas..

I have been waiting and waiting for it to rise. I knew it would at some point... I think 2p is where I really see this though.... As a minimum... This is just the start. The assets they have are simply vast.

[jc2706] 03/1/2020 12:07

Whilst I agree that the EV is now, in principle, twice the market capitalisation, as they haven't yet deployed the funds they effectively have the funds as cash. Of course, this situation won't last but we should see a material change in production as a result of the funds injected.

[cyberbub] 03/1/2020 11:50

Yes that's what I meant, was a bit unclear.Yes less than £20M market cap does seem a bit ridiculous, even though the full EV is about twice that with the new loans/debt. There is substantial transparency and political risk, but surely when the company now has the money to make a step change to production, in a rising gold environment, that market cap is too low.DYOR etc

[stevea171] 03/1/2020 11:37

African Resources (70%) is the management. AR is the Assaubayev family's holding company. So there is only a 30% free float (£4.5 million worth of shares) that PI's or institutions can buy or trade.

Mkt Cap: £15 million

[easwarareddy] 03/1/2020 11:24

This is the share littlepup been spouting for ages and finally it rises lol

[cyberbub] 03/1/2020 11:22

The share price is clearly very illiquid with lots held by African, by management and probably by undeclared Russian HNWs. I'm quite pleased to have got my 3M on a fill or kill at 0.65p. Still not printed yet - they'll probably show it as a sell!

[littlepuppi7] 03/1/2020 11:10

There are about 1.5 million then it's off again. Just look at the gold price though... all the time their assets increase in attractiveness. And finding resolved.

[easwarareddy] 03/1/2020 11:07

Surprised this isn't up much much further. Lots of buys coming through

[sclper] 03/1/2020 10:48

Move up in share price was long overdue. Hopefully the start of a big re-rate. It would be nice to see an update from the company which could really make the share price surge

[easwarareddy] 03/1/2020 10:38

Can see 8p breached this morning

[stevea171] 03/1/2020 10:33

Sp .6p to .74p on decent volume of 14 million plus is looking to break out of this .4p to .8p price range it's been in for the past 4 months.

Despite all the positive news on fund raising and enhanced prospects the Deutsche Bank funds overhang depressed the share price when a rise would have been the appropriate response. Perhaps now, belatedly we will see catch up and a new higher range above .8p established awaiting development and production news.