ALK 0.93% 54.0¢ alkane resources limited

Ann: Corporate presentation on Boda, page-40

  1. 47 Posts.
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    By other research, Industry outlook,
    Post the de-merger of ASM, our most recent valuation of Alkane attributes 21c/share in value to Tomingley plus net cash (A$33.1m as at end-Q121). To this should then be added 29c for its investments and at least 5c for its maiden Roswell and San Antonio resources and up to a further 70c in value from contingent assets (mostly the Boda prospect in the Northern Molong Porphyry Project which is developing into a genuine Au-Cu alkalic porphyry target), the ultimate valuation of which will depend on future exploration success.

    Now changed, not in this condition of ALK
    Cash, bullion and listed investments position totalled A$92.0M.
    Increased resources of Rosewell, San Antonio(will be increased)
    Shareholding remained at 12.7% Calidus Resources Ltd (ASX: CAI),19.9% GMD.

    Except for BODA, the cost price of ALK stocks starts at least 1.03 dollars.

    Fingers crossed!!!.
 
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54.0¢
Change
0.005(0.93%)
Mkt cap ! $325.8M
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54.0¢ 55.0¢ 52.5¢ $364.8K 682.3K

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