and ASM falling again so no surprises if IG is selling again. But watchout if ASM falls below $1.10 or even worse below $1. There is potential for IG to come under severe pressure to sell lot of ALK shares or just capitulate and dump ASM.
With POG at these levels and if IG is forced to sell then ALK will become easy target. I know some say "I will never sell" but many will if there is offer for $1.20 - $1.40. There will be enough sellers to make it happen. Yes, it will be sold for a song and it is worth lot more but that is irrelevant.
Ann: Tomingley Q3 FY2023 Production, page-15
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Last
54.5¢ |
Change
-0.010(1.80%) |
Mkt cap ! $330.4M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 55.3¢ | 54.3¢ | $164.1K | 299.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 41170 | 54.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 14477 | 15 |
View Market Depth
| Last trade - 11.01am 18/07/2024 (20 minute delay) ? |
| ALK (ASX) Chart |