Alk Chart, page-1021

Hi BK,

Long time no talk. Got my first ALK parcel today. I'm not fussed buying on a bad TA. A 3 year timeframe is long enough to get fair value out of this in due time. Was very lucky too, a few got crossed making 33,600 units at 69.3c.

I've got the cornerstone miners in the portfolio down packed these days Post #: 65292903. Happy to hold those forever but those got really expensive real fast last month. I've also got a spot open for a cornerstone owing to the oldest miner in the portfolio OZL (owned since the Zinifex days) being swallowed by a pre-existing cornerstone BHP.

The OZL proceeds are going into the the unloved part of the mining sector. ALK, PAN and NML fits the deep value criteria for me at this point. Those with okay balance sheet and cashflow (not fantastic obviously) but still full of value with a lot of the negativity priced in vs intrinsic NAV... I definitely feel like I'm getting more bang for my buck on these 3 compared to those already in the portfolio.