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ALK

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44.5¢ alkane resources limited

Ann: S&P DJI Announces September 2021 Quarterly Rebalance, page-10

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JacobW

1,828 Posts.

253

06/09/21

09:46

Post #: 55853147
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Originally posted by Jack1960: ↑

Have been a long term holder since price crashed in early 20 teens.

My original thesis was based on successful monetisation of REE assets. Tick ASM.

Sold smallish parcels of ALK at $1.10 then $1.20 and then $1.30 as it seemed sentiment was too hot. I am not a chartist but sometimes you can smell market speculation in search of a good story and a quick buck. ALK and its resources ticks only one of those boxes.

Have bought back with heavier conviction in low $1 mark and all the way down the 90's. With POG being more a distraction than a driver at current prices, I will continue to accumulate.

BODA remains undefined but both its gold and copper resource IMO will be irresistible to a bigger player with a bucket on M & A cash in the bank.

In the short term, a takeover is by no means a certainty. However, for those able to think in longer term time horizons, this is a keeper. It has very little debt, generate consistent profits and positive cash flows, has smart management and possess a game changing prospect.

Tick, tick, tick tick and tick.

DYOR but I remain as confident in my current thesis, as I did 7 or 8 years ago (I honestly do not remember or care when I first started accumulating as it does not matter).

Many long term holders here will know exactly what I am talking about. Good luck to you all.

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Excellent. Agree!

ALK Price at posting: 93.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 44.5¢		Change 0.010(2.30%)		Mkt cap ! $269.0M

Open	High	Low	Value	Volume
43.0¢	46.0¢	42.0¢	$600.8K	1.353M

Buyers (Bids)

No.	Vol.	Price($)
1	21499	44.5¢

Sellers (Offers)

Price($)	Vol.	No.
45.5¢	70077	2

View Market Depth

No.	Vol.	Price($)
1	21499	0.445
1	19400	0.440
3	21466	0.430
2	14058	0.425
7	77773	0.420

Price($)	Vol.	No.
0.455	70077	2
0.465	26250	2
0.470	80000	4
0.475	75581	5
0.480	74864	3

Last trade - 16.10pm 04/10/2024 (20 minute delay)

ALK (ASX) Chart

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Ann: S&P DJI Announces September 2021 Quarterly Rebalance, page-10

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