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 0.0% 107.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
105.00 110.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 21.97 2.44 8.24 11.7 29
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 107.50 GBX

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Date Time Title Posts
27/6/202207:23Altyn plc gold in Kazakhstan8,755
06/7/202109:43ALTYN -was Goldbridges 2,174
23/11/202014:07Altyn Gold Plc - gold production in Kazakhstan1

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Altyngold Daily Update: Altyngold Plc is listed in the Mining sector of the London Stock Exchange with ticker ALTN. The last closing price for Altyngold was 107.50p.
Altyngold Plc has a 4 week average price of 98p and a 12 week average price of 98p.
The 1 year high share price is 149p while the 1 year low share price is currently 90p.
There are currently 27,332,934 shares in issue and the average daily traded volume is 34,215 shares. The market capitalisation of Altyngold Plc is £29,382,904.05.
researchcentre123: Same old problem really. If the Asabayevs decide a higher share price can help raise money for expansion, then a dividend could be a good idea. If however they decide that this is not the case ie the share price won't be raised enough to merit this, then they'll be better off either doing a trade sale or expanding through cashflow. I don't think the fact that you or I would like a higher share price today comes into it. Personally I think this is a sit and wait investment while they improve the company, not a day trading opportunity.
goldenshread: The fiasco concerning the unexplained late accounts is just another example of the BOD deliberately suppressing the share price IMO, are they aware that this delay will undermine confidence, of course they do. If they have issued the AGM notice/proxy form and voting does not include adoption of the accounts then that is a 1st on me, I have been involved with markets for a very long time. Frankly I simply wish they would take it private, make us an offer, they can continue to undermine and supress the market price of the stock for as long as they like. Where are the regular director interviews we were promised 9 months ago, they said it would be after every quarterly update, they never happened. Remember the CEO being asked why the share price was not in any way aligned to broker forecasts (currently circa £4) he said the broker forecasts were independent, what he should have said is it shows how materially undervalued we are, but no. Have you ever known a BOD to promote a dividend policy that will not be instigated for FIVE years, that in itself tells you all you need to know, why bother? The answer to that is of course it further undermines sentiment. This company has no interest in it's retail investors, they should buy us out, without doubt the grind us into the ground approach has worked. A lousy website, no Twitter account, exceptionally poor PR, all for a reason IMO. I will take £2 a share, to get more will be fantasy, this is another Trans Siberian Gold situation where it was taken private for a fraction of broker valuation by the BOD and it's major investor.
golden prospect: GS, can you imagine the squeeze on the share price for a 10% buyback! Personally would prefer to see dividend payment. In any event the organic growth looks confirmed from Q122 results. 8Koz in Q1 gives annualised 32koz/yr and revenue $56m Interims 1H21 showed Profit After Tax $8.75m ( expecting a slightly stronger 2H ) Full year results should be the best % of all the juniors Golden cross being made should be supported by the financials The last GC for ALTN in 2020 signalled the start of five-fold share price increase free stock charts from
pensionplanner: sloppy, a nominal dividend would hardly affect a repayment of 15m. That debt repayment is of no consequence to paying a nominal dividend, as if they couldn't pay a nominal dividend in all likelihood they couldn't service the debt either, which is way out and unrealistic. Raising finance on what is a bombed out share price is not as efficient as raising it on an share price double what it is now, and announcing the intention to pay a dividend, however small is just the catalyst to do that as its already undervalued. As far as not being concerned with dilution Quinan, in order for the share price to get anywhere near that it needs news to encourage the share price to rise with the prospect of a return for investors...i.e. dividend. That could actually be financially efficient and very easily so as nothing much has moved the share price even with good results, and the scenario could indeed be raising finance so what would we prefer to raise it at. £1.30 or £4 which could be set on its way by announcement of intention to pay a dividend. All the forecasts of the share worth have proven worth LESS, so it needs a catalyst.
goldenshread: This company never ceases to amaze, the Final Results still not announced and no date even provided by the BOD, these numbers are expected to be exceptionally good. Another aspect, last year the company had a very rare online live presentation, the CEO said these would be regular but absolutely nothing since despite further operational and financial improvement. One can only conclude the BOD have no interest in the minority shareholders, they seemingly have no interest in the share price either. I am still totally bemused by the answer to my question concerning the broker 'target' (£3-£4) verses the actual share price, the CEO said that 'target' was independent when most other CEO's would suggest this showed how undervalued ALTN was or words to that effect. I know markets are weak but goodness me ALTN most certainly do not help themselves, this is why I remain of the view they want to take this private at some poiint.
goldenshread: Agreed that we are entering a very interesting period for ALTN shareholders, the brokers seem to think a price range of £3.60p to £4.20p is reasonable, if this could be attained I am sure no-one would bat an eye if they issued another 5m to 10m shares at £4 (or even £5) a share to raise the cash required for expansion of production to 80,000 oz a year. I am staggered the BOD have sat around almost not bothered by the weak performing share price, I still seriously wonder if the ultimate aim is to take the company private, never before have I seen such a disparity in price between a broker note and the market price, it makes you wonder ! Anyway I still see this above £2 in the very near term, even for traders it is a no brainer opportunity IMO.
goldenshread: Buyers are still coming in for ALTN and no wonder, the share price is miles away from the recent broker target range of £3.60p to £4.20p Probably only 7-8 days before the results are due which should be excellent and will surely drive the share price through £2 and onwards.
aussiebeach: How on earth can AltynGold have a share price of £1.14p when the gold price is $2050 oz, the share price hit £3 in the summer of 2020 when gold was lower and ALTN was producing around 10,000 oz less gold than now ? With results due in April it must be the bargain of the sector right now.
goldenshread: Gold stocks are starting to rebound across the board, massive disconnect between the producers share prices and the gold price, this cannot last. ALTN can add 20p-30p in a session if demand returns, the floor looks in and the stock is materially oversold. You would think by last weeks share price drop ALTN are in a war zone, they are not nor are they based in Russia. The shares are dirt cheap, probably cheaper than any time since the company was listed given the exceptional financials and production performance over the last 12 months.
goldenshread: Gold once again pushing ahead with more commentators suggesting it is only a matter of time before a material breakout. ALTN share price seems to be attracting modest buying interest around current levels, no wonder it is darn cheap, usually moves up in anticipation of news which, as we know, is imminent. Broker target £2.50p !!
Altyngold share price data is direct from the London Stock Exchange
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