ALK

4.00%

48.0¢ alkane resources limited

Ann: Gold Forum Europe 2024, page-204

First 204 Last

Share
Profile

Follow
Kaddles

540 Posts.

55

19/04/24

10:20

Post #: 73420935
Share

Originally posted by james99: ↑

I am surprised at some of the views here, having been in and out of Alk for a long time and holding a fair few. I have been buying more over the past few weeks, down to the sub .50's and even yesterday at .66.

The hedge was not bad at the time it was entered into. It enables certainty of funding. Many developers have hedges. Future supply led to streaming companies. The hedge looks stark because of the sudden gold price increase. Its effect is of decreasing relevance as production ramps up, to 70 then 100 oz p/a and beyond. I have no doubt Alk has been profitably selling a reasonably percentage of its gold near spot.

Its effect is also minor in terms of the overwheming gold and copper resources Alk is proving up. I doubt it will much concern a large stakeholder or institution. It will hardly hold Alk back from becoming a, in my view, multi-billion stock when it expoits Tomingley and Boda, with or without a JV in the case of Boda, fully.

It strikes me as odd that people are negative when Alk is in the best position it has ever been in and gold is the best position it has ever been in. If Alk was good 6 months ago, it is even better now.

All that has happened to those who sold yesteday and over preceding weeks is they made a loss, of between about 3 and 25%, compared to today's price, depending on when they sold. So be it. Buffett and Rule tell us often not to time the market, and to leave a stock time to realise its potential. Still, each to their own.

As for management, for those who have been in for a long time, its done outstandingly. I first bought in the 20 cent range, and since then they found Boda, extended Tommingley, and spun off ASM. Alk has been a multibagger and, extraordinarily, has room to be so from its current price.

People often watch the train go past, or get off at too early a stop, becoming unduly pessimistic about the destination.

GLTA.

Expand

Been in s8nce 2012ish. Old Dizzey where are you?

ALK Price at posting: 67.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Open: ASX200 to rise for Friday session | July 26

HRZ

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Nine's staff strike as Paris Olympic coverage begins

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

IGO

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

There are more pages in this discussion • 29 more messages in this thread...

First 204 Last

Add ALK (ASX) to my watchlist

(20min delay)
Last 48.0¢		Change -0.020(4.00%)		Mkt cap ! $289.6M

Open	High	Low	Value	Volume
50.0¢	50.8¢	47.5¢	$1.265M	2.583M

Buyers (Bids)

No.	Vol.	Price($)
5	33546	47.5¢

Sellers (Offers)

Price($)	Vol.	No.
48.0¢	1321	1

View Market Depth

No.	Vol.	Price($)
4	8546	0.475
7	44122	0.470
3	102450	0.465
5	118013	0.460
6	17333	0.450

Price($)	Vol.	No.
0.485	95600	1
0.495	67797	5
0.500	53906	5
0.505	2100	1
0.510	25320	4

Last trade - 16.10pm 26/07/2024 (20 minute delay)

ALK (ASX) Chart

Ann: Gold Forum Europe 2024, page-204

ASX Market Open: ASX200 to rise for Friday session | July 26

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Nine's staff strike as Paris Olympic coverage begins

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Gold Forum Europe 2024, page-204

Top Stories

ASX Market Open: ASX200 to rise for Friday session | July 26

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Nine's staff strike as Paris Olympic coverage begins

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News