This is bad news short term, if the markets continue to drop and IG needs to keep selling we will see 40c - 50c, unless Tomingley extention is approved or good drill results are released, even they he may have to keep selling which will drive the price down.
IG needs cash, looks like he may be in trouble, I bet it’s killing him selling Alkane at these levels with such a big 2023 to look forward to for Alkane!
Why did IG not sell his shares off market? Maybe he didn’t expect the global markets to keep dropping? Maybe it’s related to ASM SP keep dropping? Maybe nobody wanted to buy his shares?
2023 is highly likely not going to be a good year globally and IG is in a right pickle!
Ann: Change of Director's Interest Notice, page-5
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Last
54.5¢ |
Change
0.005(0.93%) |
Mkt cap ! $329.4M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 55.5¢ | 53.5¢ | $1.028M | 1.885M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2299 | 54.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 86424 | 7 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| ALK (ASX) Chart |