ALK

2.30%

44.5¢ alkane resources limited

Ann: Gold Forum Europe 2024, page-214

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Dublin11

373 Posts.

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19/04/24

12:45

Post #: 73424913
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Originally posted by james99: ↑

Dublin11,

I agree entirely. The income stream at a standard producer P/E ratio justifes a far greater price, and for that matter if develped by Alk for it to have a price in the $3 billion range.

Currently, in my view Alk is underpriced by a multiple of about 2 based on its non-cash assets. However, others may have different approaches to valuation (I'm a Graham and Rule advocate).

But here's the thing, when gold and also silver take off, and attract index funds and instutitions, it tends to lead to irrationality. Companies like Alk for gold (or SVL and a couple of gold stocks for silver) can reach extraordinary prices, even without full development. This is what has happened in several cycles from 1970's onwards. The issue is whether we at at that point.

So for me Alk:

(a) has low downside risk;

(b) has very significant upside protential even in the current market;

(c) has extraordinary potential if this and the next 6 months is the true upward pivot for gold.

Equally, others may wish to take some risk off the table given the uncertain times ahead geopolitically, and I understand that too. As it happens I favour a cash reserve lest the overall market crash, to pick up bargains. But I have a far greater percentage in share because I am no good at timing the market.

GLTA.

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Hi James,

Good comments and I agree totally.

Should e getting clear picture between now and end of June.

ALK Price at posting: 69.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 44.5¢		Change 0.010(2.30%)		Mkt cap ! $269.0M

Open	High	Low	Value	Volume
43.0¢	46.0¢	42.0¢	$600.8K	1.353M

Buyers (Bids)

No.	Vol.	Price($)
1	21499	44.5¢

Sellers (Offers)

Price($)	Vol.	No.
45.5¢	70077	2

View Market Depth

No.	Vol.	Price($)
1	21499	0.445
2	8966	0.430
2	14058	0.425
6	76107	0.420
3	14861	0.415

Price($)	Vol.	No.
0.455	68221	1
0.465	26250	2
0.470	80000	4
0.475	75581	5
0.480	74864	3

Last trade - 16.10pm 04/10/2024 (20 minute delay)

ALK (ASX) Chart

Ann: Gold Forum Europe 2024, page-214

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Buxton projects new graphite province discovery at WA Narryer play

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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Sellers (Offers)

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Ann: Gold Forum Europe 2024, page-214

Top Stories

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Buxton projects new graphite province discovery at WA Narryer play

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

BCI reaches close of funding facility for salt-first part of Mardie project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News