ALK 0.79% 63.0¢ alkane resources limited

Indeed, but here is the funny thing about investor sentiment. It...

  1. 1,592 Posts.
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    Indeed, but here is the funny thing about investor sentiment. It takes a while for people to pick up on change, then they all jump on.

    Take ALK, it:

    1. is in the strongest position ever in terms of its probable gold and copper resources.
    2. is productive and has reached the best point so far in its ongoing development.
    3. is consented.
    4. is the beneficiary of a gold price that seems likely to increase this year with US Fed interest rate cuts. That will benefit all unhedged production.
    5. has a sound team.

    Its resources are vast, worth many, many more times than its MC, as will be apparent from Joelstar's analysis on another thread.

    Yet because the share price over the past few weeks was 20% lower than now, for broader macro-reasons and not aided by IG's sale, some likely think the current price of .605 is high.

    Far from it. A scan to a 1 year, or 2 year or even 5 year chart, shows .605 to be near the very bottom, despite the company being fundamentally and with the macro-outlook being so well positioned. I bought more over the past week as low as $.50 and even yesterday at $.575. I viewed these as bargains.

    GTLA.

 
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Last
63.0¢
Change
-0.005(0.79%)
Mkt cap ! $380.1M
Open High Low Value Volume
64.0¢ 64.5¢ 62.0¢ $627.4K 988.4K

Buyers (Bids)

No. Vol. Price($)
1 800 62.5¢
 

Sellers (Offers)

Price($) Vol. No.
63.0¢ 82304 6
View Market Depth
Last trade - 16.10pm 21/05/2024 (20 minute delay) ?
Last
62.0¢
  Change
-0.005 ( 1.98 %)
Open High Low Volume
64.0¢ 64.5¢ 62.0¢ 216826
Last updated 15.59pm 21/05/2024 ?
ALK (ASX) Chart
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