ALK 2.80% 52.0¢ alkane resources limited

Ann: Kaiser Resource Drilling Records Highest Gold Grade Interval, page-11

  1. 660 Posts.
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    Yep they certainly look impressive compared to what often moves the dial elsewhere. Have been struggling a bit myself to make sense of what is happening in the wider market. Producers have gained albeit in a patchy way noting that costs have frequently moved in tandem with the gold price.
    The much talked-about flow of funds down to the explorer sector appears to have happened a bit but there also seems to be so much fear about that if anything other than absolute perfection is reported the money leaves as quickly as it does from Mrs Eagle's debit card. Not quite sure what to make of consolidation. Would have thought the mopping up of small fry with a high-grade resource would have been occurring as scale and grade are the two antidotes to inflation but it hasn't really looked like that since Musgrave.

    You mentioned CAI the other day. I wonder how that impacts perceptions of ALK?

    Anyway I am genuinely on this result re-enthused to "hold 'em" until the trends become clearer. And of course the news about the Chinese copper smelters and consequent price uplift is certainly a help...

    And so the show goes on.
 
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