Capital raising was sort of expected.
Looking at their latest presentation ALK was down to $9m, from $22m around a year ago.
The only option to avoid that was only if the interested parties looking at Newmont's 51% share of McPhillamys was ready to buy it, which could be a few months off.
Again, if Newmont sold McPhillamys, then I'm sure ALK would have been interested in selling our 49% interest as well.
So its not all bad. imo, its a positive thing.
The only thing, I'm not happy with is the NSW govt approval process, which is delaying things.
alk in trading halt, page-4
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Last
50.0¢ |
Change
-0.005(0.99%) |
Mkt cap ! $301.7M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 51.5¢ | 48.0¢ | $944.9K | 1.900M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 134206 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 7500 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ALK (ASX) Chart |