not sure... still hold lot of ALK on my other account. but considering how incompetent the BoDs and the MD are I don't want to end up holding a bag on both accounts.
so yes, I impacted the price little bit today as I had to dump 180k shares.
The assets ALK has are great, the people managing and developing these assets are not up to the task. They lack strategic thinking and the MD is simply an average middle level manager at best. I guess someone hired him so that person can have more influence regarding the direction the company is taking.
We just found out ALK are 6 weeks behind schedule at Roswell via random interview while they did not mention anything during their Q reports. And to be 6 weeks behind when the only started mining there about 15min ago it means the expansion project is behind.
If they do deliver poor Q result SP could fall really hard as the market will now give up on this BoDs to act and hire competent MD. I can't afford to take those risks.
all my own views
Ann: Tomingley Debt Restructured, page-68
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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 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| ALK (ASX) Chart |