ALTN

Altyngold Plc

109.50
0.00 (0.0%)
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% 109.50 8 08:05:25
Bid Price Offer Price High Price Low Price Open Price
105.00 114.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gold Mining 50.29 18.32 67.00 163.43 29.93
Last Trade Time Trade Type Trade Size Trade Price Currency
09:00:43 O 8 105.00 GBX

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Date Time Title Posts
10/6/202306:43Altyn plc gold in Kazakhstan10,338
06/7/202109:43ALTYN -was Goldbridges 2,174
23/11/202014:07Altyn Gold Plc - gold production in Kazakhstan1

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Altyngold (ALTN) Top Chat Posts

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Posted at 29/5/2023 14:08 by mold breaker
IMO the current share price is a direct reflection of the difference (circa 8m$) in the anticipated net profit (expected circa 21m$ (2022) and the rather disappointing 13m$ and probably less to do with jurisdiction, possible sanctions or the perceived threat of taking the company private.

The share price should start to steadily climb 2nd half 2023 once the “The Company has continued its development at Sekisovskoye in line with its mining plan. The pace of development should further accelerate in 2023 as the US$40m funding is deployed for the acquisition of new equipment and infrastructure development. The majority of the new equipment is expected to be in place during the first half of 2023.”

Posted at 28/5/2023 14:12 by cwilmot1
There was an indication in the 2022 audited accounts CEOs review that indicated that listing would be used to raise funds for Teren-Sai. "US$75m will be required to bring the Teren-Sai project on stream, as it will require new processing facilities and infrastructure to be developed at the Teren-Sai site. In the initial period the site will be stripped and made ready for open pit production in order to move to production efficiently once the necessary funding is in place.The brokers who are providing sponsored research and opening up opportunities for investor funding will play a key role in moving the projects forward." If this is the real plan what share price do you think would be acceptable to the majority share holder to raise new funds? I would think it would be well north of £3. To get the share price there would require a lot of investor relations work/improvement and publicity. I hope that's there plan.
Posted at 26/5/2023 10:33 by stevea171
It seems there were no operations at ALTN in Q1 as the Q1 production report has still not been filed.

Would they even bother to tell shareholders if this was the case given their near zero communication policy and zero PR which are direct causes of the present share price and present valuation of the company (£29 million) .... ?!

AGM coming up next month. Watch them try to avoid answering any questions by shareholders not attending as we saw last time and we know that only a handful go along to the meeting. Covid was a wonderful excuse to keep shareholders away but won't be coming to their rescue this year!

Posted at 23/5/2023 16:40 by papillon
Well the ALTN share price has fallen off a cliff today. Something's a foot and it's not 12 inches! 🤣
Posted at 10/5/2023 08:34 by stevea171
Further to previous announcements, PM major Polymetal (POLY) advises today that it is seeking shareholder approval for cancelling its listing on the LSE with re-domicile to the Astana International Financial Centre ("AIFC") in Kazakhstan.

As previously mentioned here, POLY has large PM operations in Kazakhstan and this move, if approved, could result in portfolio changes to its holdings with mine sales in the Russian Federation and acquisitions in Kaz to rebalance its portfolio in the medium term. ALTN would be a prospective target in such circumstances.

POLY share price is down 50% so far this morning.

hTTps://uk.advfn.com/stock-market/london/polymetal-POLY/share-news/Polymetal-Proposed-re-domiciliation-to-the-AIFC/91009295

This opens up a similar move in the future for ALTN to follow with a move to AIFC and delisting from LSE. At present retaining of both listings is considered not practical after full investigation by POLY.

Posted at 05/5/2023 15:01 by quinan
those who brought in on the dip last week will be smiling those who jumped may want to pile back in, it's going to be interesting next week. it also seems the board is keen to see the share price move to its correct value.

With continuing positive operational developments, it is hoped that the share price will be more reflective of the Company progress and its future prospects.

I would suspect the delay was due to the government approval payments making sure its above board.

Posted at 12/4/2023 15:59 by king suarez
Next year is the year we begin moving up to 60k oz production. I think once we see evidence of this transformation coming in on time (and budget) then the share price should start to re-rate properly - ALTN will be kicking off tremendous free cash flow at the current gold price with the operating margins here. No concerns about paying down the debt swiftly then should be able to self fund towards the longer term 100k oz and 'extreme' dividends which will be the prize for those buying now with patience!

Could easily be paying out £1 p/a dividends in a couple of years time?

£5 share price target once 60k ounce stable production and the debt largely paid down. £10+ long-term if/when 100k ounce production is achieved - I don't see why not?

Posted at 10/3/2023 17:37 by excellance
I agree.

These days when a small PLC starts doing PR it usually means they are heading for a dilutive placing so the share price drops. We at ALTN don't have that problem, yet we know that the company will need to raise a chunky amount of cash in 18 months or so. Hopefully our share price will be significantly higher by then.

Posted at 10/2/2023 08:18 by papillon
What do you expect, bsg? The share price doubled in a month and now the price of gold has fallen from it's recent highs. It's not surprising that the ALTN share price has almost lost half of it's 2023 gain. It's what is known as profit taking.
Posted at 31/1/2023 17:10 by papillon
free stock charts from uk.advfn.com


ALTN Heikin-Ashi candlestick chart showing Bollinger Bands, 14 day RSI and MACD. ALTN has experienced a big rise since the start of 2023 and it's been overbought (RSI) for most of January plus the gold price has been consolidating after the big rise from the $1625 low so a pull back in the ALTN share price on profit taking is to be expected.

Altyngold share price data is direct from the London Stock Exchange
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