ALK 1.03% 49.0¢ alkane resources limited

ALK chart, page-28

  1. 368 Posts.
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    for me this is still drastically undervalued. ALK shares were worth more 10 years ago and then there was no Boda. Since then the DZP must have advanced and Boda is to add on top. In my intention the shareprice should already sit at 2$ before the demerger AT LEAST to come anywhere to near a fair value.

    im sure the bosses of this company know how to release news to get the price to where they want it for the demerger. And I’m guessing that the „leftover“ Gold play will need another decade to evolve the company to a tier 1 Gold Producer.

    i keep guessing (don’t know if it’s lawful) the valuation of ASM at the start of trading will not be a absolute value but rather a percentage of the shareprice given at a trading day X when the demerger will take place.

    if there is a foreign holder reading and following...how do you approach the demerger because of the fact that we will be sold out first day ? Do you reduce now and buy into ASM later ? Or just wait and see what happens ? ....I emailed the company about my foreigners worries but did not get an answer.

    Last edited by claus72: 03/06/20
 
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Last
49.0¢
Change
0.005(1.03%)
Mkt cap ! $295.7M
Open High Low Value Volume
48.0¢ 49.5¢ 48.0¢ $300.8K 617.1K

Buyers (Bids)

No. Vol. Price($)
3 46396 48.5¢
 

Sellers (Offers)

Price($) Vol. No.
50.0¢ 37799 5
View Market Depth
Last trade - 16.10pm 03/07/2024 (20 minute delay) ?
ALK (ASX) Chart
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