I recently bought into AL8 - management is good, market cap is reasonable (not cheap but reasonable) at $30 million and what caught my eye is the Frisco JV with Kennecott - if the JV finds a substantial Cu deposit AL8 will multi bag and importantly Kennecott is paying for the drilling, which greatly improves the risk/reward ratio as shareholder dilution is minimized. Also, Cu seems to be a good investment at the moment with strong fundamentals for the foreseeable future.
GLTA & DYOR
Ann: Alderan receives firm commitments for $3 million Placement, page-51
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.818M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 25806483 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 2467518 | 2 |
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| Last trade - 10.50am 02/09/2024 (20 minute delay) ? |
| AL8 (ASX) Chart |
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