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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Altyngold Plc | LSE:ALTN | London | Ordinary Share | GB00BMH19X50 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 224.00 | 2,919 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 214.00 | 234.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | USD 64.43M | USD 11.34M | USD 0.4148 | 5.40 | 61.23M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 08:35:38 | O | 2,000 | 218.40 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 11/11/2024 | 14:24 | ALNC |  AltynGold shares climb as gold prices and production rise |
| 26/4/2024 | 19:59 | ALNC | EARNINGS AND TRADING: Aura confident in Tiris; Cindrigo enters Germany |
| 17/4/2024 | 13:25 | ALNC | IN BRIEF: AltynGold shares up as processing plant progresses to plan |
| 12/4/2024 | 15:41 | ALNC | IN BRIEF: AltynGold contract in Kazakhstan extended by two years |
| 28/2/2024 | 21:18 | ALNC | TRADING UPDATES: AltynGold revenue up on higher gold price |
Altyngold (ALTN) Share Charts1 Year Altyngold Chart |
|
1 Month Altyngold Chart |
Intraday Altyngold Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 20/11/2024 | 16:50 | Altyn plc gold in Kazakhstan | 13,905 |
| 09/3/2024 | 09:07 | ALTYN -was Goldbridges | 2,175 |
| 23/11/2020 | 14:07 | Altyn Gold Plc - gold production in Kazakhstan | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 08:35:39 | 218.40 | 2,000 | 4,368.00 | O |
| 08:17:37 | 218.40 | 919 | 2,007.10 | O |
| 2024-11-20 15:01:33 | 232.45 | 1 | 2.32 | O |
| 2024-11-20 14:58:21 | 232.45 | 4 | 9.30 | O |
| 2024-11-20 14:56:36 | 215.00 | 1,450 | 3,117.50 | O |
| Top Posts |
|---|
Posted at 21/11/2024 08:20 by Altyngold Daily Update Altyngold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker ALTN. The last closing price for Altyngold was 224p.Altyngold currently has 27,332,934 shares in issue. The market capitalisation of Altyngold is £61,225,772. Altyngold has a price to earnings ratio (PE ratio) of 5.40. This morning ALTN shares opened at - |
Posted at 12/11/2024 09:20 by tim000 Yes, more time and more inclination to do IR. They’ll want to build the business asap in a high gold price world. Capital to do so should be a combination of FCF, bank debt, bonds and equity. So now is the time the Directors will start to prioritise IR. Incidentally, many investors are buying developers because the share prices are “cheap”. That makes no sense to me. New gold mines take years of drilling, regulatory approval and costly construction (esp if underground). At a time when the cost of capital is very high for small caps. It’s a good reason to buy gold miners precisely because supply is so constrained. By contrast, a producing miner can either self-finance or access external capital more cheaply, and clear regulatory barriers more quickly. Business development will be far cheaper, quicker and far more profitable. And less risky too. This is another reason why ALTN is cheap - all the gold investors I know personally prefer stocks like BMV and KEFI and aren’t invested in ALTN. Makes absolutely no sense to me. |
Posted at 10/11/2024 17:43 by tim000 AA said at the AGM that we were all invited to Seki. Assuming the event goes ahead as stated next September, I intend to go. The only point of the trip would be to promote the company to IIs as prospective investors. Since the family won’t dilute themselves at an unreasonably low share price, they must be anticipating substantive newsflow before then. Indeed, AA anticipated a much higher share price by the time of the next AGM, and said next year’s AGM would be a much grander affair. Newsflow should include H1 2025 production from Seki around August; a new JORC reserve report and NAV for TS; and possibly the start of open pit mining there. Plus any out-of-the blue projects such as a JV with TT. AA liked my idea of publishing a chart showing timelines for future operations projects; that would fit in with what they must already have planned for the next 9 months. |
Posted at 04/11/2024 12:49 by tim000 I’m not interested in attracting low-quality day traders as temporary shareholders by pricing the shares at 0.1p. Clearly the family aren’t either. In fact I’d be quite happy to do the opposite and consolidate further, with a share price of £23! And £230 in a few years. Day traders are likely to make the share price more volatile, even if they marginally increase liquidity. |
Posted at 19/10/2024 03:30 by tim000 I remember the company initially invested in that phosphate project because it could be monetised quickly! LOL and double LOL! I bet the sellers had a good laugh too. Well done cyber for predicting a good day for the ALTN share price! Monday should see more gains (hopefully). |
Posted at 08/10/2024 06:19 by louie2010 Profit and results will be the share price once buying increases share prices should re rate to market values. |
Posted at 30/9/2024 14:27 by tim000 The same general argument applies to depreciation. Tangible assets are usually depreciated on a straight line basis over the estimated life of the asset. If you invest in expanding your capacity at a time of sharply rising gold prices, as ALTN has does, apparently the depreciation charge in the P/L account rises sharply!! Is the economic value of the business lower as a result? No sane person thinks so! Investors in ALTN certainly don’t think so, judging by the share price. Likewise, when an accountant puts his home on the market, he doesn’t lower the price each week because of depreciation. |
Posted at 23/9/2024 15:07 by spike501 Not sure that excuse washes Tim - a business this side should be able to close their books within a few weeks of month end and the half yearly report is not audited so is not much more than a normal month end close with some additional commentary. Quarterly board meeting for the sign off of the financial accounts can be scheduled in good time and virtual will be fine.Corporate Governance and poor communication has been part of the reason the share price has been held back - share price momentum in the past has been damaged by poor communcation. The BOD are supposed to understand this, it was a topic you covered at the last AGM - they should have targeted results to be out in mid-sept. |
Posted at 21/9/2024 12:50 by king suarez Hi cyberbub,Nothing scientific. The FY 2022 results came out in May 2023 showing an annual profit of around £10m. At that time the share price hit £1.32, which is £36m so a backward looking p/e of 3.6 at the time. What is it going to take for the market to up it's valuation rating on ALTN? We know the reserves can go on for several decades based on the JORC, but for whatever reason, sector specific or otherwise, we have never traded on a high multiple aside from the 2020 spike when gold hit new ATHs? I think due to the location it is unlikely we ever trade on a high single or double digit multiple - it's just deemed 'unsafe'? If we were located in Canada, for example, I am sure we would be much higher valued. Maybe you are right and the multiple can grow as they prove a track record of growth. I guess we need confidence in the market that the gold price is sustainable? I'm just trying to point out on even quite a bearish metric, there is scope for 2 x 3 the share price from here if all goes to plan by end 2025? |
Posted at 20/9/2024 15:13 by researchcentre123 Of course as the share price goes up, so does the value of the trades. So that brings a degree of liquidity. Take today. If an investor wants to invest 10K then assuming the number of shares sold and bought per day remains the same he actually has twice as much available as the share price has doubled. |
Posted at 20/9/2024 14:20 by tim000 I don’t want diluting at nearly any price, nor do I want a new shareholder which provides liquidity by selling! How does that help existing shareholders? It only helps new shareholders by depressing their entry price. Liquidity reflects divergent views within the investor community wrt value; the higher is stock turnover the greater the divergence of views regarding valuation. Liquidity is neither a necessary nor sufficient condition for a sharply rising share price, though the two are often related. ALTN’s recent ascendency is a case in point. |
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