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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Hey Anti,you and other ALK holders might find the following...
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42.0¢ |
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Mkt cap ! $253.4M |
Open | High | Low | Value | Volume |
42.0¢ | 43.8¢ | 41.5¢ | $379.9K | 893.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2998 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.5¢ | 9758 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2998 | 0.420 |
3 | 110081 | 0.415 |
6 | 101445 | 0.410 |
2 | 91600 | 0.405 |
10 | 133408 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.425 | 9758 | 1 |
0.430 | 118723 | 2 |
0.435 | 6500 | 1 |
0.440 | 47000 | 2 |
0.445 | 19247 | 3 |
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