I was keen to check out the ALK drill results after it came out of the trading halt. Initially was up but the market kept pushing the price down and I sold once I saw the prices was breaking to the downside. ALK was one of the Gold stocks on the asx that was bucking the trend while most were going down recently, but today I decided to let it go despite the slight bounce in Gold price.
Might be more developments to the Alkane story in terms of defining the Boda deposit, so will keep watch...
I am also keen to collaborate efforts to find ways to get better ROI on Gold stocks. Whether it's investing through the cycles (Gold spot price cycles or the company growth cycle) or to trade Gold stocks via some mechanical or systematic means are all possibilities.
The other Gold stock FFX has confirmed it's going ahead with the spin out of it's Li asset and will give us priority via preference shares to the new Li company to be listed on the asx and be called Leo Lithium Ltd...
LIT was covered via a newsfeed recently on this site:
LIT's recent battery stock spin out Charger Metals NL (CHR) has done really well since listing nearly quadrupling in price. We should be happy as we have an interest in those Charger Metals Li projects as well as an interest in another Li stock Galan Lithium Ltd (GLN) that has gone gangbusters lately:
So rather than having a sense of FOMO, we should...
Closed Positions:
