ALK 2.83% 54.5¢ alkane resources limited

Ann: Australian Gold Conference Presentation, page-15

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  1. 3,615 Posts.
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    I am certain the single shareholder 28% claim is wrong given this was from the presentation.


    Further anyone buying a mining company with a pre determined time ( longterm ) to hold is an investment Neanderthal imo and requires a rethink given modern markets are highly influenced by TA, short selling and a more general short term profit taking vision of funds these days.

    The biggest problem and I will use Alkane as an example is that at 70c most small investors could only think of blue sky and it breaking a $1 but at 40c they can only concentrate on the blame game thinking up reasons why it is failure rather than recognise true asset value and filling their boots buying.

    Most of this is physiologically driven rather than having a firm understanding of the gold space, value and investment strategy imo.


    Last edited by wassa: 28/08/24
 
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