The fact that we’re exploring partners for Boda/Kaiser and the Tomingley project is undervalued and now we’ve set eyes on new ground like this, tells me that the company is preparing for a major asset sale.
I suspect they’ll look to flog the two major projects for cash if they can’t secure a buyer for the whole company (for whatever reason) and then fund exploration and asset acquisition activities.
Directors buying on market is a huge vote of confidence and at this price, they’ve bought very well IMO.
Will probably take a few months but I’m back in as of this week for what’s setting up as a pretty good trade.
Ann: Large Cu-Zn-Pb-Ag Targets Confirmed at the Rockley Project, page-4
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Last
42.0¢ |
Change
-0.015(3.45%) |
Mkt cap ! $253.4M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.0¢ | 41.5¢ | $202.0K | 479.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 72118 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 108454 | 5 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| ALK (ASX) Chart |