Not really its a risk like all shares and its upto each own person on how much they can afford to lose or not and a little bit of luck as no one knows what is going to happen in resources but its going to be worth a punt if you want high rewards then thats what you get but you could get high losses as well so GLA
Your be better of splitting with SOLG very good prospects and can be day traded .
Some news worth reading .
Teren-Sai subsoil exploration area contract extension
AltynGold is pleased to announce that following the approval of its work program, Teren-sai subsoil exploration contract has been granted an additional two-year term in order to conduct further exploration and testing. The addendum to the main contract will allow the Company to perform exploration works to March 2026.
Since the award of the initial exploration contract in 2016, AltynGold conducted a Competent Persons Report (CPR) in 2019, which estimated 1.48moz total mineral resources in area No 2. Subsequent detailed drilling confirmed prior results and further defined the ore bodies. As part of this process, the original exploration area was narrowed to targeted zones and non-required area returned. Further details of the CPR are available on pages 17-20 of the 2022 Annual Report available from the investors section at www.altyngold.uk.
A work program is being currently executed on area No 2 with the aim of commencing open-pit production as soon as sufficient data has been gathered from further exploration activities.
Further Information:
For further information please contact:
AltynGold Plc
Rajinder Basra
+44 (0) 203 432 3198
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.
Information on the Company
AltynGold Plc (LSE:ALTN) is an exploration and development company, which is listed on the Main Market segment of the London Stock Exchange.
To read more about AltynGold Plc please visit our website www.altyngold.uk
View source version on businesswire.com: https://www.businesswire.com/news/home/20240411552343/en/
Contacts
AltynGold Plc
Tories are about giving money to richer people and letting poor working class pay more , It is not morally right to give bigger tax cuts to someone earning 50 .000 k a year and then letting low earning pay the full whack of cost of living the sooner the Taconservatives are out of office the better . Sunak cuts capital taxes for himself look at his tax return , corruption springs to mind . Sunak takes full pay increase on salary even though earns millions already what a hyprocrite .
Altyn has a golden cross lets hope it sticks ?
This guy ramps on another board and is a flea on a good day .
Don,t you lot get bored with all this negative comments , try putitmg positives posts instead of rubbish , insults its not helping anyone is it ?
This in meant to be a information board not a little childs playground of pointless points scoring . I want to read what s going on with solg not a load of squabble or who has what ?
Why have they not released RNS as its on company board ? You think they want anyone to know or potential infestors to invest here , It don,t make sense sometimes .
Most on here want to read positive news not someone else personal details regarding wealth .
There are a lot of people with nothing and working all hours to make ends meet .
I suggest posting positive news and ideas to help each other rather than point scoring some on here could help
others with trading ideas for ones who have fingers burnt .
Based on the numbers, H2 should have produced a lot more PBT compared to H1.
So cash shouldn’t be a problem apart from unforeseen/unexpected capex.
Gold poured H1 14.5koz v H2 18.6Koz.
Looking forward to the seeing the financial detail,
Major mine expansion or start up and the lead up to commissioning is the high risk period when the possibility of disruption and the necessity for additional funds to complete the job properly or service
the original loans are highest. Whether it happens here, depends on how well the mine is managed and how realistic and achievable the capital budgets have been . Whether your ATYM or VAST it makes no difference. The share price will fall and drift until the mine has been proven to operate successfully at the new level . And that may take a couple of quarters of production . Not withstanding any other news unrelated to the expansion I'd expect the share to drift and fall until the situation becomes clear either way . The delay to Q3 wasn't a good start so plenty to ponder.
No RNS release , Just leaked instead another delayed Update , Jam tomorrow ? another 10 years time , or sold off to clowns of directors ! Why is anyone going to buy when always feeble excuses ?
Please refrain from garbage talk no one is interested in trolls , Please post with respect and thought in these difficult times and we do not want to read rubbish .
Hopefully before Xmas would be nice , Anything is possible with these lot of clowns .
This board is like a children s playground why dont you all shut the f u k up and concentrate on something positive to talk about instead of bullocks . I browse through trolls of crap .NEVER USED TO BE LIKE THIS !
This company will do everything APART FROM the basics of PR. The share price is basically trading at a fraction of its value as the management refuse to make the effort to give regular updates in a timely fashion, get reports out on time. So let's see what comes along - just don't expect them to let you know any good news other than when they absolutely have to. Impatience doesn't work with this share
Our share price is looking a little weaker every day, and no news for months.
The price of gold is firm but not really pushing higher.
Can't help thinking that all isn't as it should be with ALTN.
We need news and a [clown] chairman's statement to clear the air and calm the nerves.
AS you can see tanking share price due to lack of news .
The sooner these clowns release figures the better . Fed up with delays and false statements going on for 17 years now !
I thought you had sold out , Go somewhere else Moron nobody want ro read your dribble !