ALK 0.00% 51.0¢ alkane resources limited

ApprenticshipGood luck with the learning.betting against an...

  1. 147 Posts.
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    Apprenticship

    Good luck with the learning.

    betting against an established downtrend is highly risky and takes big cohanas.

    you can lose your shirt easily

    Look at the time usd pog spiked on Wednesday 21 December as I recall.

    alk opened around 60 and fell to 55 as IG sold 3m shares i think it was.

    are you confident this wont happen again on the next gold price spike induced volume ?

    I am not and neither is the mkt apart from the alkane fan club of true believers

    as for buybacks and comparisons with nst.

    look at the nst mcap, cash flow, balance sheet, free cash , production etal.

    Alkane doesn't rate cw nst on any level.

    Hence talk of buybacks is a delusional fantasy

    its a bit like Airbus albo telling voters their electricity bills will go down if people vote for him !!


 
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Mkt cap ! $307.7M
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52.5¢ 52.5¢ 50.5¢ $783.7K 1.521M

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No. Vol. Price($)
2 85305 51.0¢
 

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52.0¢ 65000 2
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Last trade - 16.10pm 08/07/2024 (20 minute delay) ?
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