ALK 3.00% 51.5¢ alkane resources limited

Ann: Tomingley Production Update, page-49

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,493 Posts.
    lightbulb Created with Sketch. 595
    One swallow does not make a summer, but the mined rate for this quarter makes for between 88,000 and 100,000 oz annually if ALK can keep to that rate. They did not announce Roswell Production ore until 22 April, so it may be possible to achieve the higher rate.

    Nic mentioned in the Crux interview that they had installed an Ore Pass, which allows them to mine multiple levels at once, with what sounds like a chute from top level of pass, through potentially multiple levels to a loader at the bottom which collects and send to mill. Produces greater efficiency as the higher levels are not required to pause removing ore face rock in order to load vehicles.


    https://hotcopper.com.au/data/attachments/6244/6244983-15f3f0e6ce2d1c3558e5b24504590d62.jpg

    I did a quick spreadsheet of their production and AISC for the first nine months, resulting in (provided I have no errors) $2249 year to date AISC.
    With the announced fourth quarter production of 15,000 to 18,000 oz, it looks possible for the full year AISC to come in below the first nine months.
    https://hotcopper.com.au/data/attachments/6245/6245242-31d1f179e5cc0793ee537b78bd4e99f9.jpg

    I am guessing there is a lot of energy going into producing the five year plan, with checking and double checking - at least that is how I would be approaching the impending announcement. A lot of retail investors ready to buy - or sell based on what the announcement is.
    GLTA
 
watchlist Created with Sketch. Add ALK (ASX) to my watchlist
(20min delay)
Last
51.5¢
Change
0.015(3.00%)
Mkt cap ! $311.6M
Open High Low Value Volume
51.5¢ 53.0¢ 51.5¢ $459.0K 880.8K

Buyers (Bids)

No. Vol. Price($)
2 33209 51.5¢
 

Sellers (Offers)

Price($) Vol. No.
52.0¢ 50519 2
View Market Depth
Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
ALK (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.