ALK 0.00% 42.0¢ alkane resources limited

Ann: Quarterly Activities Report, page-23

  1. 3,261 Posts.
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    I sold out of ALK a few months back but just bought back in at about the same price but a smaller holding. The reason is this observation from @SilverTeenager. I had always thought it was Tomingley then DZP but given the lack of interest in DZP at present (that could change anytime), the idea that ALK could use some of its $80M to partner or take a stake in an established small gold explorer (hopefully with a resource and perhaps needing finding for a PFS/DFS) appeals. Whether ALK has $80M cash or just $40M will not change its funding options too much for a $800M DZP project but could just create a gold future for ALK. It might be better value than going underground itself at Tomingley? And DZP as the big prize can just wait for the market to come to it.
 
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42.0¢ 43.8¢ 41.5¢ $379.9K 893.9K

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