ALK 3.26% 47.5¢ alkane resources limited

Ann: Entitlement offer, despatch of offer documents-ALK.AX, page-3

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  1. 15,576 Posts.
    lightbulb Created with Sketch. 1417
    I'm with those who say take up the entitlement. It's fairly obvious for their own nefarious purpose some parties are trying to subdue the ALK price and their interests would be better served by getting the raising and if possible the company to fail. This is illustrated by the SP falling to below the raising price.

    Even though I feel the directors have made a number of decisions of lesser decisions Most notably speed of progress that I am critical of. There is now way the parties above deserve to succeed or the share price to be as undervalued as it is. One answer to the nefarious behavior is a share buy back when suitable.

    Anyway I'm in to take my 20% extra shares at 20c. If I had to I'd probably sell bits of other shares in my portfolio to do so. There's core value here.
    Last edited by arsenic: 06/05/16
 
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