ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

ALTN Altyngold Plc

151.00
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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% 151.00 19,481 16:35:14
Bid Price Offer Price High Price Low Price Open Price
146.00 156.00 155.00 155.00 155.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores USD 62.04M USD 13.23M USD 0.4841 3.20 41.27M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:11:00 O 5,000 155.06 GBX

Altyngold (ALTN) Latest News

Altyngold (ALTN) Discussions and Chat

Altyngold Forums and Chat

Date Time Title Posts
26/7/202415:34Altyn plc gold in Kazakhstan12,289
09/3/202409:07ALTYN -was Goldbridges 2,175
23/11/202014:07Altyn Gold Plc - gold production in Kazakhstan1

Add a New Thread

Altyngold (ALTN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 16:10:54155.065,0007,753.00O
2024-07-26 15:11:00155.003,7995,888.45AT
2024-07-26 14:47:40153.622,0003,072.46O
2024-07-26 11:31:38147.00250367.50O
2024-07-26 11:00:32147.007,78611,445.42O

Altyngold (ALTN) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 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 151p.
Altyngold currently has 27,332,934 shares in issue. The market capitalisation of Altyngold is £42,366,048.
Altyngold has a price to earnings ratio (PE ratio) of 3.20.
This morning ALTN shares opened at 155p
Posted at 17/7/2024 09:51 by louie2010
Just need patience soon buys will bring up share price. We had 15 years of patience so few weeks will consolidate share price rise gradual is good as moving averages become overpriced . Just need more clowns buying.
Posted at 15/7/2024 07:55 by louie2010
Now will market wake up to valuation of company and what will the share price be . How much increase on production versus share price going into next quarter should be a significant rise in weeks ahead or October update.
Posted at 03/7/2024 21:32 by louie2010
Most miners are down today. Cey mirroring gold price rise as usual hoping one day this will be similar . LSE has commented on share price makes you wonder how long low share price will last as ridiculous low.
Posted at 02/7/2024 17:09 by louie2010
Market thinks 6 months ahead so share priceWill rise , don't forget insider knowledge so that will happen days before in share price movement as market makers rip off new investors ready for the next drop which always follows any good news .
Posted at 28/6/2024 07:49 by tim000
I agree goldrush. The current round of share price rerating is allowing the nonbelievers to exit, being replaced by long-term investors with sticky holdings. As such, the free float is effectively being squeezed further. As we long termers have very high price targets, it’s going to take a great deal of share price appreciation before sellers emerge.
Posted at 21/6/2024 16:55 by tim000
A came across as completely serious wrt his aspiration for the share price, and said he was more frustrated by the lack of market recognition than anyone else. As I say, he was very confident that in a year’s time, the share price would not be at its current level, and that the AGM would be held in rather more luxurious surroundings! Of course he doesn’t know what the share price will do, but he knows more than us about the likely outlook for production etc. I’m pretty sure that any acquisitions that are equity financed will not be anywhere near the current share price He had no need to make those comments otherwise.
Posted at 23/5/2024 21:09 by stevea171
No one thinks Putin will attack Kazakhstan. Only you who keeps mentioning it as a possible reason for the share price under performance in a PM bull market.

The reasons for the share price decline and under performance lie entirely at the door of ALTN management with their performance for the past 10 years.
Posted at 08/5/2024 11:33 by spike501
Excellance - you have a very naive view of the world.

Before anything else the share price will be determined by trust in the company and transparency - that more than anything else is holding the share price back here. Rightly or wrongly there is smoke around the majority owners and you can trace that back to their sale of Kazahkgold to Polyus and more recent issues with the Single Accumulated Savings Fund.

In recent history of Altyn we've had a suspension 2 years ago when the auditors could not get evidence that large prepayments made to suppliers were not related parties, followed by a big 4 auditor being replaced by a small outfit. Even last year they did not get financials out on time.

If they want operational progress and performance to be reflected in the share price, they need reliability and transparency and that can primarily come via shareholder communication.

The mine is worth objectively more than the market cap, and the fact that the majority shareholder consistently shows they have no interest in the market cap and don't even try and pretend to, is something of a concern here.

They have absolute control, they could tomorrow announce they move the listing to Kazakhstan, they could purchase the listing on the cheap through intransparent related parties transactions and you'd have absolutely no recourse and no realistic legal routes to stop them. You can look at Trans Siberian Gold where the listing was maintained for an amount of credibility and some access to capital until gold price increase, operational progress was made and then the majority owners sold it off cheaply.

None of that is to allege anything, I'm holding here and happy to give them the benefit of the doubt based upon their recent operational performance, but they need to a lot more to build trust and it would give me a lot more comfort if they showed a lot more interest in the market cap of the company that they own around two thirds of. And to be fair communication has been improving.
Posted at 08/5/2024 09:06 by excellance
A CEO boosts share price by delivering operational excellence. He can use pr to pump up the share price but without operation excellence it won't stay up.

Dividends are an important driver of share prices and we have had some hints at that down the line, but a few years away yet.

The capital structure has always been a problem for us, but for the family it offers them more control and less risk, and don't forget they have put a lot of money into this.

Listed entities are effectively in the shop window. I'll be amazed if the board don't get offers coming in all the time, for all kinds of arrangements, and if a good offer comes along they may just take it, but it would have to be multiples of the current share price
Posted at 08/5/2024 08:37 by spike501
Quite a lot to unpick on all the below posts..

Altyn have always released with Business wire - for some reason these are no longer being picked up by all the secondary sites such as Advfn, LSE and even Investegate. So it is nothing Altyn has changed, but I think they should be made aware of it, if they are no already.

Its ridiculous to suggest Altyn shouldn't care about their PR or how there information gets disseminated - they absolutely should, it will need retail investors to increase the price here as institutionals are highly unlikely to get involved with the ownership structure.

Its nice to see better communication in recent weeks, I'm perfectly fine if quarterly updates come 6 weeks after quarter close, that is not unreasonable - however they should stick to what they commit.

All of the above pre-supposes the main shareholder actually cares about the share price and to be honest I'm far from convinced that is the case. I think they care about ultimate mine value, the question is if and when it comes to sale, they still have a London listing. That really is the risk here and much of that would be allayed if they continued to improve their communication and actually show that they care about share price. Again it goes back to point 2.

On the quarterly results - quantity mined was fine given the seasonality and there is plenty of stockpile, but gold poured wasn't great and I would have liked context. Sure it was up on same quarter last year which was due to maintenance and disruption from the build, but it was well down on last quarter - was it weather related or plant related?

I'm not worried about the delay in the commissioning - but again it was poor communication sprung on the market very late in the day, so again damaged confidence. As dofmeister says it was due in Q1 and delayed to Q3 - so 4-6 months which is unsurprising in the current environment.

Operationally the company has made substantial progress over the last 5 years as in on the cusp of a big step in production. I'm wouldn't worry about the pre-2019 missed commitments, gold price was in the doldrums so finance was not easily available. They are now definitely advancing well.
Altyngold share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock