Hey Anti,
you and other ALK holders might find the following video/discussion interesting and relevant.
Particularly from the 32-37m mark where they talk about the different copper deposits and... IMHO, why ALK is without doubt sitting on a Tier 1 deposit, but... they also discuss why... the market is not yet interested in valuing the Copper/Gold assets at anything above a slab of beer.
Avoiding Red Flags & Timing the Entry with Acorn Capital's Rick Squire & Karina Bader
There is also a bit of discussion after this regarding other copper companies.
For what it's worth, I also enjoyed the earlier part from 12m onwards, which looks at Acorns investment process. I struggle to understand why they don't hold a bunch of ALK shares (perhaps they do, but are not telling....)
Slightly off topic, but a shame that ALK was forced to hedge when securing the recent debt facility, I still struggle to understand why they did not buy no-cost put options. But.. luckily, the hedging on makes up perhaps 1/3 to 2/5 of their production. For example FY24 is 25,700k, or 40% if they hit mid guidance.
The rise in POG in AUD is undoubtedly going to assist with funding the plant expansion at Tommi.
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Open | High | Low | Value | Volume |
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3 | 7605 | 0.530 |
5 | 41750 | 0.520 |
1 | 19568 | 0.510 |
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Price($) | Vol. | No. |
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0.550 | 71424 | 5 |
0.555 | 9400 | 2 |
0.560 | 26914 | 4 |
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