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
  -2.50 -2.02% 121.50 8,412 16:35:29
Bid Price Offer Price High Price Low Price Open Price
118.00 125.00 120.50 120.00 120.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 21.97 2.44 8.24 14.8 33
Last Trade Time Trade Type Trade Size Trade Price Currency
16:17:13 AT 17 120.00 GBX

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Date Time Title Posts
26/7/202114:59Altyn plc gold in Kazakhstan7,215
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 124p.
Altyngold Plc has a 4 week average price of 116.50p and a 12 week average price of 116.50p.
The 1 year high share price is 314p while the 1 year low share price is currently 98.51p.
There are currently 27,332,934 shares in issue and the average daily traded volume is 35,725 shares. The market capitalisation of Altyngold Plc is £33,209,514.81.
pensionplanner: broken. it is not an illiquid stock, as you can sell with no problem at all. Likewise recently the price dropped by 6% for no reason at all, yet on that drop it was impossible to buy more than TWO SHARES. there was no attempt to lift the price to attract sellers, and by preventing buyers it destroys the idea of the stock market as a price finding mechanism. Something is not right with this share. It is being manipulated beyond any doubt. In a working market if sellers appear, there are shares to buy! if buyers appear and there are no shares to buy, the share price goes up to attract sellers. none of this is happening. If there are no shares to buy, but you can sell, but no attempt at lifting the price, then it is a manipulated market and should be reported, whether authorities do something or not. As for limit orders, on my accounts previously limit orders were not even allowed on this stock! So you could even try to entice sellers by offering more money, the essence of a working market.
pensionplanner: I know conspiracy theories are frowned upon but the weird share price finding mechanism even in the face of good news suggests to me, this is being manipulated for either a takeover or to go private. Limit orders were not even allowed on this share recently. I did refer the share price 'action' to the FCA, which I know might be considered a waste of time, but something is awry with share price and with the brakes being artificially put on preventing buys.
goldenshread: A very sound update, this makes the drop in the share price even more odd and unwarranted, now 3 quarters of improving revenues and production with a upbeat forecast and more news flagged. For newbies, the recent broker target, deemed conservative, was £2.50p to £3.10p, a long way from the current share price.
pensionplanner: You can't expect the share price to rise, when they constantly limit or prevent purchases. They are content to drop the price as if there were major selling, even if there isn't, but will not lift the price to encourage more sellers. On one occasion I mentioned I was offered just TWO shares, and the same day share price had dropped considerably, yet they would not allow buys. Suspect someone has a good idea share price is too low and wants only sellers.
excellance: Each advance is subject to a drawdown fee of 4% of the gross amount advanced and commission of 1.5% payable to share price Angel Corporate Finance LLP the Noteholders have the option to convert the advances into new ordinary shares of the Company at a price ("Conversion Price") which is the lower of- 40% premium to the five-day volume weighted average price ("VWAP") ("Fixed Conversion Price") of ordinary shares of Rambler immediately prior to the drawdown of each advance; and the average of the five lowest daily VWAPs of ordinary shares of Rambler during the 20 trading days immediately preceding the date of any conversion notice ("Variable Conversion Price"). Not a bad deal at all really. Yes fees are 5.5% but non interest bearing and conversion is at around a 40% premium. Sorry for off topic re RMM. It is worth reviewing finance arrangements of other companies for comparison, we may get a similar deal here, who knows!
excellance: I notice too that capex in 21 is just $9m compared to $18m in 20. Last year saw us end in a financially strong position, and in December we arranged a new lending facility, so with less capex in 21 our balance sheet should be even stronger this year. Price of gold is of course critical, averaging about $1800 last year. This year it has been at a similar price, tho the Renaissance broker note assumed a conservative $1600 which of course may happen. The Renaissance note appears to be a "worst case" scenario and I found it disheartening to read, tho even that suggests an share price of 250p to 310p, yet here we are stuck at half of that at 120p. Steve raises some interesting points in his rants, but credibility or believability of reports is possibly a real factor. I don't doubt the audited financial statements, but I'd like to see more solid evidence of future plans and funding. The price of gold we have no control over obviously, and we have no hedge which could become a block for fund raising. I expect we'll see a lot more detail soon on development and finance, and this is likely to be the reason for our share price weakness. How much cash does the company need? will they raise it in stages? will it be via placing? will there be strategic partners? When? Loads of questions...
pensionplanner: UKGeorge: you've obviously missed that I have 3 brokers, 2 electronic dealing accounts. NONE were able to get more than 3 shares. NO limit orders for this stock, even if I put £1.20. Now if the share price was powering up I could understand difficulty buying, not when the share price has tanked, as its a false market then and the price finding mechanism obviously isn't working. Good luck to those who suggest they bought, but they didn't get them from AJ Bell, from Barclays either broker or electronic trading, and not from my independent broker who never lets me down on a fill order. So something is amiss.
a0469514: To be fair though, despite their conservative approach, Renaissance reckon that fair value for the shares is about £5.60 at the current gold price.AND they believe that the current share price massively underestimates the value of their gold in the ground. So they are effectively saying that the share price ought to be 4 or 5 times higher than it is (at least). You cannot expect much more than that from an analyst who always tend to be cautious.Xylos
goldenshread: Share price reaction here is balmy given the recent results statement, once again we are starting to see small 'bot' trades moving the share price down. I have noticed, in general, that despite the rise in gold the sector remains very flat, in fact the junior resource space has been woeful this year, not sure what to make of it all actually. Every man and his dog are saying we are entering a commodity super cycle but share prices are not saying the same. Patience is the key I suppose.
goldrush: excellence Thanks for your thoughts .....don't think KS and I can move markets yet 😀😀 The strength in the share price with some volume started on Thursday and Friday. We know from your good work in the header that the Assaubayev family are in with an overall £2.55 for their with the emphasis now on Rennaisance Capital, the share consolidation, new USA focussed NED.....WE await what corporate action, company growth is to be announced.....the share price has to double alone to get back to their entry price and with a firmish gold price the odds look to be in our favour for some positive share price momentum.....IMHO.....And as KS has mentioned this morning " Shame the resource is 'only' 6m oz though ;) " ....
Altyngold share price data is direct from the London Stock Exchange
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