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.
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Last
40.5¢ |
Change
-0.010(2.41%) |
Mkt cap ! $242.9M |
Open | High | Low | Value | Volume |
41.5¢ | 42.0¢ | 39.5¢ | $1.452M | 3.588M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
41 | 343063 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.0¢ | 107167 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
44 | 307803 | 0.400 |
13 | 202447 | 0.395 |
14 | 154194 | 0.390 |
7 | 65846 | 0.385 |
10 | 232095 | 0.380 |
Price($) | Vol. | No. |
---|---|---|
0.405 | 24093 | 7 |
0.410 | 86607 | 6 |
0.420 | 49880 | 3 |
0.425 | 247176 | 4 |
0.430 | 33208 | 3 |
Last trade - 15.17pm 05/08/2024 (20 minute delay) ? |
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ALK (ASX) Chart |