Alk Chart, page-1962

The psychology of Alkane share price movement interests me.
The Chairman sells shares at a discount to market for unknown reasons, but retains 110 million still, some 18% of stock.
His action drives down the share price to below the price he sold them for - investors seem to think they can read his mind and know why he sold - maybe upcoming bad news, lack of confidence in the future of the company, project execution risks at TGE or whatever. The speculation (and that is all it is) is around his financial needs and priorities - and maybe this is so, maybe it isn't.

As we are all merely speculating, let me throw in another possibility - what if he is selling down to increase the attractiveness of Alkane to a JV partner - to reduce the perceived overhang his holding creates?

Meantime, gold sits at $3070 AUD per oz, AISC costs were a bit high at roughly $2200 per oz, although Alkane Profit remains robust at these levels.
They have not changed their forecast production or AISC for the year - and production will rise by a projected 50% over the coming periods as TGE gets going. So, it would seem that fundamentals do not explain the current share price action.

Psychology is a strange beast.