Ann: Significant Expansion to Mineralisation at Boda, page-199

First 199 Last

Share
Profile

Follow
pureau

2,417 Posts.

757

21/11/20

16:25

Post #: 49040393
Share

Originally posted by maplelegion: ↑

The ALK price is of course just another victim of the current pull back/softness in the gold price and gold shares/gold EFT's worldwide. Better (hitting the richer AU/CU pod) at Boda would have prevented this harsher drop ,,,,but ( as per their interview) Ian Chalmers / Nic Earner aren't phased by the most recent results, just will continue to revise their methodical and aggressive drilling and use the current "smoke" to find the "fire" ( or fires!!!).
ALK is also likely to be a victim of its own success , with the highly successful float off of ASM !
ASM has continued to pump out extraodinary good news on its achievements with the new ( wholly owned) technology and the new processing techniques in South Korea ...with more news to come prior to or after year end .
I think the ASM all time intra day high was $4.22 ---but the finish yesterday at $4.08 broke upwards from the $4 chart level , and momentum traders will be looking very hard at a break out to take the price to $5 ++ in the near term , on more news / Biden Administration policies/stimulus package .
The 1: 5 in specie spin off of ASM from ALK ...has probably seen several/numerous(?) ALK holders sell , to build more of a stake in ASM .I have been tempted myself ---but have used a bit of cash and sell other non performers to acquire some more ASM .
Now I am looking to find a way to buy some more ALK in this weakness ...at this current opportune price .
Swings and roundabouts ---there will be a time where ASM runs too hard , and the reverse will occur .
As said by various long term holders , the FUNDAMENTALS of ALK are looking very inexpensive here --leaving Boda to oneside .
The Shorts in ALK have increased to a ( modest) 4.68% recently ---personally , I wouldn't want to be exposed with this current round of drilling going on in the Boda region ( 2 diamond rigs and one RC RIG ) ...always a possibility that some cores are extracted , that re-ignite the interest .Never wise to completely discount a Trading Halt based on new results .
Great Geo team /well funded/ known targets/aggressive drilling programme ...the outgoing tide , as Jacob W said must be very close to turning !
JMHO

Expand

Great post ML, however 4.65% short interest is hardly modest i.m.o as definitely reflected in SP at that level.
Im very happy to be holding and added recently at just over $1.
In the near future we will be looking back saying i wish i had of bought when it dipped below $1.00.
good luck to all.

ALK Price at posting: 95.5¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

SBW

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

RDN

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

STX

Strike Energy secures $153 million for Perth Basin gas projects

AML

Cultural heritage agreement puts Walford Creek exploration back on the map

There are more pages in this discussion • 82 more messages in this thread...

First 199 Last

Add ALK (ASX) to my watchlist

(20min delay)
Last 54.0¢		Change -0.030(5.26%)		Mkt cap ! $322.8M

Open	High	Low	Value	Volume
55.0¢	55.0¢	52.0¢	$540.1K	1.013M

Buyers (Bids)

No.	Vol.	Price($)
1	1500	53.0¢

Sellers (Offers)

Price($)	Vol.	No.
54.0¢	50107	2

View Market Depth

No.	Vol.	Price($)
1	1500	0.530
10	44144	0.520
6	22121	0.515
3	12943	0.510
3	40000	0.505

Price($)	Vol.	No.
0.540	50107	2
0.550	5760	2
0.555	3000	1
0.560	4700	1
0.565	8056	2

Last trade - 16.10pm 24/06/2024 (20 minute delay)

ALK (ASX) Chart

Ann: Significant Expansion to Mineralisation at Boda, page-199

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Strike Energy secures $153 million for Perth Basin gas projects

Cultural heritage agreement puts Walford Creek exploration back on the map

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Significant Expansion to Mineralisation at Boda, page-199

Top Stories

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Strike Energy secures $153 million for Perth Basin gas projects

Cultural heritage agreement puts Walford Creek exploration back on the map

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News