While I am at it, I would like to add that shorters succeed when they can force ALK to (1) go bankrupt or (2) raise capital at a lower SP. ALK is profitable so there is not danger of going bankrupt. It might have to raise capital if it wants to proceed faster with defining the Boda resource. If it is going to raise capital, I hope that it would be a rights issue where all shareholders can participate on a proportional basis because an institutional only CR would allow the shorters to profit at our expense.
Share Price, page-435
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Last
43.0¢ |
Change
-0.010(2.27%) |
Mkt cap ! $261.4M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 44.0¢ | 43.0¢ | $60.66K | 139.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 39482 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 26402 | 16 |
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| Last trade - 11.19am 03/10/2024 (20 minute delay) ? |
| ALK (ASX) Chart |