ALK 1.71% 57.5¢ alkane resources limited

why am i confused on the exploration drive.the exploration drive...

  1. 819 Posts.
    lightbulb Created with Sketch. 208
    why am i confused on the exploration drive.

    the exploration drive was created two years prior to reaching the target of the ore body because ALK did not have the permit to mine the Roswell orebody, therefor they could not create a mining access drive.

    It's sole goal was to be turned into an underground drive to access the ore body of Roswell when all permits were granted.

    To me, that sounds like a little bit of forward planning.

    And now they are there with permits in hand, they can mine underground and continue operations as normal while they reconsider whether they postpone the highway diversion and pay for it out of cash production, or whether they go ahead and draw down debt to move the highway to access the open pits.

    But thank you for clearing up my confusion.

    Still waiting for your reply on how you would create more value for shareholders than current management, apart from drill more holes and takeover another project
 
watchlist Created with Sketch. Add ALK (ASX) to my watchlist
(20min delay)
Last
57.5¢
Change
-0.010(1.71%)
Mkt cap ! $346.9M
Open High Low Value Volume
58.5¢ 59.0¢ 56.5¢ $1.109M 1.920M

Buyers (Bids)

No. Vol. Price($)
2 47384 57.5¢
 

Sellers (Offers)

Price($) Vol. No.
58.5¢ 20486 2
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
57.5¢
  Change
-0.010 ( 2.08 %)
Open High Low Volume
58.5¢ 59.0¢ 56.5¢ 493430
Last updated 15.59pm 03/05/2024 ?
ALK (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.