I just re watched the AGM video, Nic states he will travel overseas next year, but he doesn’t state which part of the year.
The reason I checked is because it’s quite material, Nic and Alkane are full of energy all of a sudden regarding drilling and investment into Alkane and Bod etc, travelling second half of next year does not align with that in my opinion, Nic will travel early next year in my opinion, especially with a sliding SP he will want to get the best deal he can.
Are Alkane better off negotiating investment in Alkane in January/February when the SP is 50c - 60c or in June when it is 40c - 50c……
Also, just because IG states he doesn’t have any intentions to sell any more Alkane shares, this does not mean he won’t, he may be forced to due to unforeseen circumstances, possibly next year if the markets continue to slide.
I’m sure IG had no intention of selling Alkane shares 12 months ago but things change ….
Alkane probably have a couple of overseas investors lined up, but when the SP is sliding you bet any teens will be renegotiated
ALK Price at posting:
59.5¢ Sentiment: Buy Disclosure: Not Held
