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
  -4.50 -3.93% 110.00 55,433 16:35:12
Bid Price Offer Price High Price Low Price Open Price
105.00 115.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 11.24 -0.79 -0.04 30
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:15 O 1 110.50 GBX

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Date Time Title Posts
27/1/202105:07Altyn plc gold in Kazakhstan5,790
23/11/202014:07Altyn Gold Plc - gold production in Kazakhstan1
04/9/202007:50ALTYN -was Goldbridges 2,168

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Altyngold (ALTN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-01-26 16:29:15110.5011.11O
2021-01-26 16:29:15105.0066.30O
2021-01-26 16:29:15110.502123.21O
2021-01-26 16:27:25107.105,0005,355.01O
2021-01-26 15:38:44111.705,0005,585.00O
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Altyngold (ALTN) Top Chat Posts

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 114.50p.
Altyngold Plc has a 4 week average price of 103.50p and a 12 week average price of 98.51p.
The 1 year high share price is 314p while the 1 year low share price is currently 53.50p.
There are currently 27,332,934 shares in issue and the average daily traded volume is 17,085 shares. The market capitalisation of Altyngold Plc is £30,066,227.40.
goldenshread: Unfortunately Freedom Finance did not provide a TR1 to the market when their shares were issued, it seems they have ignored the reporting 'rules' as such they have not declared their selling down every 1% stake as some entities do. The reporting rules are quite complex and vary depending on many factors, maybe Freedom have not actually broken any rules at all, it is open to conjecture. Having completed extensive research I see no other explanation for the share price fall from £2 other than a significant overhang, there is nothing out there to suggest anything is materially wrong with operations or production, on the contrary, careful reading of the last few RNS statements provide a quite upbeat commentary. I think the litmus test will come in February, assuming there is no gold price shock I maintain the share price will bounce as the overhang clears. I do not see Rowe as the seller as his stock (2.8%) would have been absorbed by now based on the traded volumes since October.
excellance: GGP and ALTN are polar opposites. GGP are being carried to success and have an army of followers who love the company and can see no risk, and arguably their mkt cap is a huge bubble. ALTN are loss making and having to grind out a living unloved with barely a dozen followers, and the share price is vastly under valued as a result. This year GGP will come back to reality, as will ALTN. GGP should be valued at maybe £300m-£400m while so should ALTN in a year or two.
mrmcnee: It is pretty clear something strange is going on with the trading in this stock, over the last 3 weeks I have witnessed very large buy trades hitting the offer and the share price barely responds then hey presto a few tiny sells hit the bid and they drop it in moments. When you invest in ALTN you have to accept you are investing in a company that has zero promotion in the city, has minuscule news-flow and a BOD who seem to have no interest in minority holders. There has been no clear explanation as to why there was a consolidation, why there was a name change, why the need for a new US based Non Exec Director, add to the mix there is no production guidance and no obvious strategy beyond aiming to increase production. The positives are management and associated parties own circa 70%, bought in around £2, the resource is circa 6m+ gold ounces and the share price hit £3 in August. I feel a purchase around current levels will profit in due course and have added.
space_dust: The 'discovery' of HTTPS:// is VERY revealing. The name change to AltynGold PLC (similar to AGOLD), the share consolidation probably needed to allow a US listing + the appointment of Thomas Gallagher as a Non-Executive Director, a board member of a NASDAQ company and experience of US markets, suggests a major event is about to occur. It seems to me that the AltynGold PLC is about to become morphed into a major company with new assets being injected into it. The mission statement of AGOLD (same directors as AltynGold) is........ AGold is aimed to become one of the largest precious metals players in Kazakhstan and Central Asia. Market shenanigans have been going on in ALTN stock for quite some time, the 50% drop in the share price since August in a booming sector is odd enough in it's own right but the recent drop from £1.50p looked entirely manufactured. I concur with the above post, someone is accumulating, there is a background buyer but the small sell trades seem designed to keep the share price down to hide the entity. I suspect now the potential cat is out of the bag the company may be forced to reveal all. Fill your boots IMO.
observer007: Gold is rising again, it is now $55 higher from the point ALTN share price fell from £1.60p The fall does look seriously overdone, I would expect the shares to continue to recover therefore.
excellance: To me that was a signal that a decision had been made. What else could it be? Was it merely a casual observation that "my goodness our shares are popular at 3p" or was it a realisation that some plan they have could now go ahead? Fact is there is appetite for gold producers in the market, so raising cash in that market is possible and may be the best option, buy how do we get from where we are to where we want to be, to get access to that cash? Enter Mr Gallagher advising behind the scenes, and now offered a directors chair. So, what share price is reasonable to raise cash? Is there already a deal in the making, and the big boys know what the share price will be, so there is opportunity to short this down to the "deal" price? Well, at 3p our share price really had got well ahead of itself. At 2p I think we were at the top end of reasonable valuation but there was a lot of optimism to justify it. At 1p we are looking lost and lonely, loss making and desperate for recapitalisation...just like RMM recently tho nowhere near as extreme. At least our local Kazakh Bank have our back, and are ok with lending the cash we need at very competitive rates...and that tells us all we need to know! So, a new investor will soon plough money and knowhow into us at an share price they see as reasonable....
harrisun: you might hear of $1650 paper gold, or feasibly $1000 paper gold, but all that is is PAPER. For years governments in the West have conspired to keep the price of gold down, as Gordon Brown amply demonstrated by telegraphing an intention to sell tonnes of gold in advance....result it dropped the price of gold and no seller would go out of their way to do what he did if they wanted the best price. Now even if this pandemic is brought under control, it won't dissolve the massive currency spend of nations who have had printing presses working 24/7 on fiat money. This and quantitive easing or DEVALUATION as it really is, will push up prices eventually, and forcibly conspiring to keep interest rates low just to service massive amounts of debt won't work forever, not with all the devaluation. The cost of mining gold and other resources then has to rise, so the idea of prices much lower than the cost of mining seems strange. Even with the move to renewables, energy prices won't drop, even if politicians constantly spot that rubbish especially on the BBC! Electricity prices rise inexorably, and renewables especially as many of them were guaranteed 48p per KW index linked for 25 years. Even on current consumer prices of around 16.4997p per kWhh, you imagine changing an average size 24kw gas boiler to electricity. 24 x16.5p per hour or around £4 an hour! Gold price suppression is even documented: "Eddie George spoke to Nicholas J. Morrell (CEO of Lonmin Plc) after the Washington Agreement gold price explosion in Sept/Oct 1999. Mr. George said "We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K."
king suarez: By what logic would that affect the strength of any share movement? The percentage of free float is what matters IMO, not the total number of shares held. If a share re-rates to double market cap (for example) that previously had billions of shares in issue it just means people are buying 10s thousands of shares now at a time, instead of tens of millions of shares for the same value following consolidation? Key is how many/% share holders are willing to give up their shares to the market/buyers at any particular bid price. If no-one wants to sell then MMs have to raise the price to attract sellers - this happens whether there is one share or 1 trillion shares held in sticky hands. ALTN rose plenty fast enough pre-consolidation and will do again if buying appetite returns at the same rate. If ALTN were actually purchasing and cancelling shares in free float with cash to reduce the no. of shares in issue, that would be a different story - as it would affect liquidity and % free float. When I'm buying shares in a company I don't care whether I'm buying a million shares or 10 shares, I care about what those shares represent i.e: 1) How much cash I am putting down 2) What the market cap of the company is
excellance: I wonder why the Q3 numbers haven't been reported? I'm sure they want these corporate actions out of the way, trading up and running, then release the (good?) news. I do think that the consolidation was done to pave the way for further corporate actions to fund phase two development in a year or two, and I think that the company will want a much higher share price by then. The "new" spread appears to favour buyers mostly, tho the share price generally has struggled. Will we need to see stronger gold prices before the ALTN share price moves decisively higher, or will improving financials do ths trick?
onedayrodders: Altyn Plc ("Altyn" or the "Company") Finalisation of share consolidation and change of name As described in the circular issued by the Company on 23 October 2020, and following the approval of the relevant resolution by shareholders of the Company in the General Meeting held on 20 November 2020, the issued share capital of the Company, being 2,733,293,311 ordinary shares of GBP0.001 each at the date of this announcement, will be consolidated on the basis of 100 ordinary shares of GBP0.001 each for one new ordinary share of GBP0.10 with a new ISIN of GB00BMH19X50 ("New Ordinary Shares") (the "Consolidation"). The Consolidation will result in the 2,733,293,400 ordinary shares of GBP0.10 each being consolidated into 27,332,934 New Ordinary Shares with effect from 20 November 2020. Any fractional entitlements arising on the Consolidation will be aggregated and sold in the market for the best price reasonably obtainable and the net proceeds will retained by the Company as advised in the circular. The figure of 27,332,934 may be used by shareholders and others as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the share capital of the Company under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules, on completion of the consolidation. An application has been, or will be made for the New Ordinary Shares, which will have the same rights and will be subject to the same restrictions as ordinary shares in issue prior to the Consolidation, to be admitted to the Official List of the United Kingdom Listing Authority, to trading on the London Stock Exchange's Main Market for listed securities ("Admission"). It is expected that the Admission will occur on 23 November 2020. For shareholders, those holding shares in CREST on the record date of 20 November 2020 will have their CREST accounts credited with the New Ordinary Shares on 23 November 2020. New share certificates will be issued to non-CREST shareholders in substitution for their existing share certificates. All existing share certificates will be invalid and will be cancelled and new share certificates will be dispatched to those shareholders who hold their shares in certificated form on the record date of 20 November 2020. The dates and times for the Consolidation are set out below: Last day to trade in the existing ordinary shares on 20 November 2020 the LSE Record date in the UK for the Consolidation and the 20 November 2020 disablement of the existing ISIN (6.00 p.m.) Trading in the New Ordinary Shares under the new ISIN 23 November 2020 on the LSE commences New Ordinary Shares credited within CREST 23 November 2020 Share certificates dispatched From 23 November 2020 The resolution in relation to the change of name was passed at the General meeting on 20 November 2020, shareholders will be updated as the formalities of the name change are finalised.
Altyngold share price data is direct from the London Stock Exchange
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