ALK 2.88% 50.5¢ alkane resources limited

buying opoortunity, page-3

  1. 9,505 Posts.
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    Hi kiwioz,

    Its a guessing game to see if Greece is going to be bailed out once again, but imho it will probably happen but with some very strict conditions attached.

    In reality they should have NEVER bailed them out to start with or have let them into the Euro zone, as they had cooked the books in order to qualify.

    The Europeans are paying now a high price for political stability and open borders within the Eurozone.

    But give it another few years and, imho we will see the Euro zone disintergrate and those who do not play by the rules being (temporarily?) expelled.

    For now the banks have too much to loose and do not want to hang out their dirty washing for all to see, so the bail out needs to happen.

    But in the meantime we have probably already an insolvent European Central Bank and others on the brink of being insolvent, once bailout debt has to be written off.

    Alkane on the other hand will stay in the spotlight as time goes on, and will remain on the investors radar imho.

    We may follow the sharemarket down, but we will be one of the first to re-bounce once sentiment turns more positive.

    There are plenty of copper miners to choose from, but as you know well, there are very few, if any, Alkane style miners out there.

    The amazing array of REE's and Zirconium that ALK has in such a large resource is like dream, especialy when you have already a tested flow sheet to go with it.

    Alkane is the largest holding in my portfolio right now, and I believe that is will be the safest of all mining companies that I am invested in.

    But I agree with you that it will not be a smooth road getting to first production, as us shareholders have already experienced at first hand.

    Everyone wants a piece of Alkane and in such a scenario we can expect volatility in the shareprice with lots of tree-shaking, stop orders being triggered or anything that will make holders sell, so the big boys get a piece of the pie.

    But the main strength of Alkane is, that they have a product that is in very high demand, so funding to get into production should be no issue, even in a weak market.

    So imho holding onto our shares,even during weak periods, will be well worth it.

    good luck

    jojo




 
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Last
50.5¢
Change
-0.015(2.88%)
Mkt cap ! $304.7M
Open High Low Value Volume
51.0¢ 51.8¢ 50.5¢ $355.8K 698.3K

Buyers (Bids)

No. Vol. Price($)
5 74764 50.5¢
 

Sellers (Offers)

Price($) Vol. No.
51.0¢ 125188 4
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Last trade - 16.10pm 23/07/2024 (20 minute delay) ?
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