Member Info for Daisan

Indeed. ALTN fell the most and is struggling more than others to recover (FRES similar but not quite as much). The two are linked. Because ALTN went so high, long termers sitting on huge gains dumped and crushed the share price. That takes some time for the market to adjust. If you think about it, ALTN went down to 8xx. That means people who invested then are sitting on 25% gains and may well be willing to take profits on any rise. Big falls do tend to take some time to get over.

Give it time and a supportive gold price and we will see higher highs again and the way this can move, it may happen more quickly than you think.

Dofmeister,

I have a similar attitude, if not quite the same size exposure (and less than I used to have). This has always been cheaper due to factors we all know and I have long ago stopped worrying about it. I have no doubt that they will deliver in their own time as they have done up to now, but I can understand if people take a different view. I am looking to build back up to my original stake but I still feel that gold has one more lurch down that will pull miners down with it. If not, c'est la vie!

whilst all true, this has ever been the case here. it is nothing new and, for whatever reason, the result has been very cautious, incremental development on assets which, let's face it, could easily be producing 200k oz per year.

but the flip side is that this was an incredible buy for many of us and we rode the wave higher. the fact that many became too exposed led to a wave of very large sellers comparative to the liquidity which collapsed the share price more than most other gold miners. that kind of collapse affects the mentality of new and existing investors which makes share price progress more difficult.

we are getting closer to another point in time when this will be a very compelling bargain. it already is to a large extent.

but the key will always be the gold price. provided that renews its strong rise at some point, it will take an awful lot of **** ups for altn not to go with it.

Well, let's hope the response to the Q1 figures is different to the responses to the Q3 and Q4 figures. Whilst they were excellent, they marked a local top and the share price fell sharply.

There was a big seller in the background to add to the weakness in gold miners in general. That, I believe, resulted in ALTN underperforming compared to most other comparable companies and their absence may well have created an opportunity.

I'm impressed that you have kept it to 20% RetiredBanker. Most gold miners I follow seem to be down a third from the peaks.

It's not really surprising that it is easy to fill decent sized buy orders. I got a quote for 30k shares (but couldn't for 40k). On the sell size I couldn't get a quote for 10k. It is reflective of the drop, of course, that there are a lot of shares on the market. ALTN seems to have been amongst the worst hit, probably due to the fact that the free float is relatively smaller and held in fewer hands. A large seller can have a disproportionate affect on the share price. The nature of price movements also suggests that there is a fair element of US holders so afternoon trading can get a little spicy.

Whether there is Altyn specific negative news or not (there isn't), I think that, given the price action, it is reasonable to assume that there at least one seller.

I don't think that a resource upgrade will make a lot of difference other than a takeover valuation. There is more than enough gold at Seki to last a long time, even with increased production.

I am not a great fan of acquisitions unless something phenomenal turns up. That is less likely as the gold bull cycle develops.

Seki and Teren-Sai developments, on the other hand, have a lot of potential to move the share price. A hard timescale for upgrade with funding (which, let's face it, should be straightforward considering the cash generation they must currently be experiencing) would be very positive.

Much more detail about Teren-Sai has got to be on the agenda given the effort that has been put into it as well as the licensing situation. It has the potential to have a very significant impact on the share price.

Well, they do tend to go down faster than they go up, but even that tends not to be in a straight line unless it releases catastrophic news.

Prices don't go up in a straight line - there are always sellers and they are needed to create liquidity in a stock. If everyone tried to buy at the same time you wouldn't have a market.

100% profit is a good point for people to take money off the table. I tend to have a fair amount in cash these days as I don't like many aspects of the world at the moment so I am letting this run.

Given the volumes, those selling are small investors rather than significant holders and for me the uptrend remains intact currently. That doesn't mean there won't be down days.

I'm not particularly expecting an update. If you look back through the RNS list, updates are usually only the bare minimum. I learned long ago with ALTN not to expect anything apart from this because you will usually be disappointed.

I would also point out that the share price has more than doubles in the last 4 months or so, so a correction is inevitable.

Whilst I don't believe that there will be any particular nasties in the Q3 2024 production update (assuming they bother posting one!), nor am I expecting much of an uplift as a result of the investment as this was to be completed in Q3. My investment in miners over the years has made me cautious, so I expect this to result in increased production from Q4 onwards.

Not sure what you are referring to here. Do you mean the $100m bond offering? That is for continued development to reach their next production level.

There are always buyers and sellers. You need both in the market otherwise there is no market. The process action here is very healthy and I would rather see a steady rise with corrections than a exponential increase that bursts.

That said, to me this share would benefit more from dividends being paid than any other one I hold. At some point they should commit to returning a certain percentage of free cash flow. The current price of gold would enable them to invest heavily in expansion whilst still returning cash to shareholders.

A great set of results built on the back of rising production, falling cash costs and rising gold prices. But it is only a taster for what is to come given the increasing processing capability and resultant production rise.

When it was clear that the share price would not continue rising, profit takers moved in. The direction of travel is still higher and news on actual production increases should add to the impetus. Hopefully!

It's been a long hold but we have finally seen a very convincing breakout. I wouldn't rule out a consolidation but with good fundamentals and a strong gold price, this looks like the start of a bigger move. About time too.

With gold at $2500/oz ALTN is already generating decent amounts of cash which, combined with a long mine life, justifies a much higher valuation. But production is about to go considerably higher and plans (and funding options) are in place to go a lot higher still.

On the back of this we appear to finally be seeing some movement and the share price looks like it wants to go higher. A final nudge from the gold price or production news may well result in a breakout.

Not before time!

It should be multiples of this given the production improvements coming and the control on costs they have demonstrated.