Frankly, unless the POG unravels or there is some unexpected global event that adversely, as opposed to positively, affects the POG, ALK is a bargain IMO with relatively low downside risk and substantial upside potential.
This reflects it being in the rare position of a combination of:
1.being technically at a low; and
2. being substantively undervalued based on fundamentals;
3. with substantial development potential and much progress towards proving more resources;
4. being a producer at a sufficient level to fund its exploration and $75m of cash and shares;
5. still being a small cap.
I confess to buying more.
Frankly, unless the POG unravels or there is some unexpected...
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Last
62.0¢ |
Change
0.005(0.81%) |
Mkt cap ! $374.1M | |||
| Open | High | Low | Value | Volume |
| 62.5¢ | 62.5¢ | 61.0¢ | $456.1K | 735.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 27298 | 61.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.0¢ | 7478 | 3 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
62.0¢ |
Change
0.005 ( 1.27 %) |
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| Open | High | Low | Volume | ||
| 62.5¢ | 62.5¢ | 61.0¢ | 212721 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| ALK (ASX) Chart |