Hi Claus72, Alkane business is splitting in two companies.
The current company price needs to be freed from all the long term Rare Earth (REE) projects. These initially have fixed cost and was only a cost centre within Alkane. With its mine and Korean grant, it will release Alkane of all the testing and trials costs for REE project. hence, compare the price of ASM to be in a few cents like we have ARU or GGG etc.
Alkane price should infact now increase as it will not have to bear the burden of the fixed cost of ASM and will have profitable business only of gold and copper.
With regards to the share issue, the shares of Alkane are not going to increase or decrease. Infact, the price could increase based on bookvalue and earnings. Expect Alkane share price to increase after 31st July.
New ASM shares will be issued and have its own valuation based on several factors like, bookvalue and when will it start producing REE.
- Forums
- ASX - By Stock
- ALK
- Ann: Additional Significant Results from Infill Resource Drilling
Ann: Additional Significant Results from Infill Resource Drilling, page-113
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ALK (ASX) to my watchlist
|
|||||
Last
41.5¢ |
Change
0.015(3.75%) |
Mkt cap ! $250.4M |
Open | High | Low | Value | Volume |
40.0¢ | 41.5¢ | 39.5¢ | $246.5K | 608.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 18344 | 40.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.5¢ | 33528 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 18344 | 0.405 |
4 | 78444 | 0.400 |
9 | 132383 | 0.395 |
5 | 50158 | 0.390 |
7 | 197977 | 0.385 |
Price($) | Vol. | No. |
---|---|---|
0.415 | 33528 | 3 |
0.420 | 68202 | 3 |
0.425 | 10129 | 2 |
0.435 | 56537 | 6 |
0.440 | 48400 | 3 |
Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
Featured News
ALK (ASX) Chart |
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online