ALK 3.39% 57.0¢ alkane resources limited

happy Easter to everyone.. quick update..Sentiment shifted...

  1. 7,423 Posts.
    lightbulb Created with Sketch. 1408
    happy Easter to everyone.. quick update..

    Sentiment shifted towards gold stocks again. This has been going on for few days and the last two days showed really strong gains in gold stocks in the US. If POG keeps adding small but consistent weekly gains from here on then SPs of all gold stocks will double in about 6-8 weeks from now.
    Obviously POG needs to keep gaining on a weekly basis - small gains will be enough $10 - $15 per week will be fine. And markets to be stable or small gains or losses - as long as we don't see major clearing event which will trigger margin calls and then everything sells fast.

    Also, got response from ALK... and they confirmed that below is a target but they will first wait to see what comes from 094 follow up holes.

    Also, it seems they will wait to see what the Scoping Study shows before drilling any deep holes. And this is the part I don't agree with but it is what it is. I don't see how findings from the Scoping Study would interfere with adding more value to NMPP. I understand that the Scoping Study influences the path to development but whatever that path is, it should not stop any effort from adding value - especially if one is in talks for JV and enough cash to do it with limited but well targeted holes.
 
watchlist Created with Sketch. Add ALK (ASX) to my watchlist
(20min delay)
Last
57.0¢
Change
-0.020(3.39%)
Mkt cap ! $343.9M
Open High Low Value Volume
59.0¢ 59.0¢ 57.0¢ $1.090M 1.893M

Buyers (Bids)

No. Vol. Price($)
6 27550 57.0¢
 

Sellers (Offers)

Price($) Vol. No.
58.0¢ 9778 1
View Market Depth
Last trade - 16.10pm 09/05/2024 (20 minute delay) ?
Last
57.5¢
  Change
-0.020 ( 1.71 %)
Open High Low Volume
59.0¢ 59.0¢ 57.0¢ 323695
Last updated 15.59pm 09/05/2024 ?
ALK (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.