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A very strange time to release results. Very strange!!
Well that reads pretty well to me! Not been invested here long but hopefully a positive reflection in the S.P on Tuesday!
GLA
Share price has been moving up nicely the last couple of weeks and hard to buy any significant volume (I have tried). Final results and Q1 results should be out next week and if they are as expected for Q1 then this will move very quickly (always does) to £2-£3 easily. Hopefully they will give us 2021 guidance too as that will show how undervalued we really are. Still under the radar of most investors which could change after results announced next week which is why I’m trying to accumulate as much as I can now.
Gold has been moving up as well having bottomed at 1680 - 1788 looks next resistance point and if it breaks that it could re-test 1850.
I really hope we do get a good production report to maintain the momentum.
Also the construction works for the additional storage should also be starting soon, which should then ensure more stable production going forward.
Looks like the day traders (short term investors) are coming on board ahead of the results/production update. You can almost set your watch by them!!
Hopefully some will hang around a bit longer than is normal and the SP will get a long term re-rating.
Final results posted last few years 1st May / 30th April. So guessing fortnight away from good news. 1st quarter update was 11th may 2020 so I'd expect similar this year too.
Fingers crossed it's all positive!
Buster - don't think I've been invested here as long as you but I have suffered for over 5yrs now.
I still use my gambling analogy to support why I'm heavily invested ... and that is that this stock could go bust or go to £3 on the next piece of news ... if you think those are 50:50 odds then as a gambling man you would be prepared to buy below 150p.
I happen to be much more optimistic, but the market doesn't share my sentiments (yet). I feel with the re-financing our chances of going bust are under 10% ; our chances of just drifting along at under 5k oz p.q production is around 25% in which case our current price is about right (maybe we get to 150-180p) ; but our chances of sustaining 6-7k oz p.q production is now around 33% and our chances of growing to 10k oz p.q producer in the next couple of years is also around 33%.
So my revised gamble is 0.09 x 0p + 0.25 x 150p + 0.33 x £3 + 0.33 x £5 = fair value 275p.
They're going to report 2020 results showing that revenue grew from $14m to $27m, which will catch people's attention ... if they can also report that Q1 '21 production was 7k oz and that they additionally milled some of the surplus mined ore from q2/q3 last year and so report Q1 revenue around $17-18m then this gets very interesting ... if they can finally credibly state that 2021 production guidance is 30k oz then this doubles in price instantly.
Problem is I've been waiting 2yrs for them to make those statements and they have failed to deliver ... but maybe this is the year it all falls into place !!! GLA & DYOR
Baldie dont get your hopes to high these clowns have 13 years of poor results under there belt so unless there a miracle .
Bit like Jesus walking on water ? This should be 10 pounds each but clowns have let us down again and again market does not like false statements and 13 years of let downs either ?
LITD1, north of £3 should be easily attainable, we were nearly there last year and have been over £3 under the current management (a couple years back). What is a realistic SP is a guesstimate....but above £5 my guess. But there are so many factors to include. But if 'people' start to pay an interest then skies the limit. Albeit Kazakhstan probably isn't best place for a gold mine
NB Still getting used to SP being in £'s not pence.
Thanks Bald Eagle. I think the fundamentals look sound but yes, have been disappointed over many years so a couple of years of no bad news would be great! I might even reach break even :-)
Last year:
- Annual financia;l report was 1st May 2020
- Q1 production update was 11th May 2020
So early next month should be very interesting!!
LITD1, probably the best that can be said is that IF ALtynGold hit their targets in the years ahead is that the SP 'should' be a lot higher in the future.
There are so many variables it is 'probably' impossible to sensibly value ALTN....other than to say given the potential it is 'probably' under-valued by quite a lot.
But ALTN have a history of snatching defeat from the jaws of victory. So what they really need is a few years of solid production figures and increasing profitability.
So has anyone done a back of a fag packet calculation on what fair value looks like for this - assuming they continue to progress as we all hope they will?
Final results early May. So there should also be some guidance from the management on their plans for next few years.
Hopefully they will soon be generating enough cash to fund most of the investment required to ramp up production to their stated targets.
Should start to pick up in the next couple of weeks ready for the production update. Which should be the best they've ever had.
on no public news too.
Hi Bmeister. Yes, looking good for a re-rate now. Management look to be finally sorting themselves out. Been a long wait, but think this will catch the eyes of a few now. ATB
Nice, steady rise in SP the last 10 days and looks like people are starting to realise how undervalued this is. Maybe some TSG holders are moving their money across after that ridiculous takeover offer was accepted. Agree that the Directors need to start delivering but the last few months news flow has all been positive so hopefully they have finally got their act together. If they do then this could be a 10-bagger as the resource is huge
Which name theres been so many last few years its like a multiple listed gold miner , LOL , lets change the dogs name and new investor can get shafted as well , thanks mr director you go sit on your arse and lose us some more cash ! Oh I know lets borrow another 10 million and sit around a few more years whatch it goes down the swanny !
They need more than a P R Machine , how about the Directors being honest for once instead of false dawns how many years have the humble private investors have been shafted by these clowns not doing their jobs properly , We WANT RESULTS ON TIME , WE WANT RNS DELIVERED ON TIME . No more F u k Ups either , Baldy you ramp as usual how many years you been here I mean have you done your time with this one as most on here are losers \!
The company needs some positive promote and that can only be done on the back of reasonable newsflow from the company which has been improving in recent months - probably as they finally have something to talk about.
Hopefully Q1 production can maintain Q4 levels which should push the SP up further, subject to gold holding at current levels, or hopefully moving back up.
Agreed. Any postitive news is welcome, even if we have to 'bang' our own drum.
But it does go to show that when companies such as 'Renaissance Capital' start touting independent research than it needs to be consumed with a huge pinch of salt. Obviously there will be worthwhile information in the research....but they will be unlikely to 'bite the hand that feeds them'.
Quite normal but whether it is independent is a moot point. But it is all useful stuff for getting company name out there.
So they are going to 'sponsor' a company to produce 'independent' research.....an interesting concept.
Great to see the improvement in grades since the Q4 2020 update