ALK 2.33% 44.0¢ alkane resources limited

Ann: Off market share trade, page-122

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  1. 7,677 Posts.
    lightbulb Created with Sketch. 6948
    Thank you EOFY tax sellers. Never thought I'd build an ALK position down at these levels. Commiserations to continuing holders.

    Levels last seen in June 2020, when gold was $1,700 USD and Alkane was knocking out around 13,000 oz rather than the 15,000 oz per quarter it does now and was giving 30-35K oz full year guidance rather than 55-60K oz for full year it does now.

    Yes, yes, future earnings; Now I am certainly no gold mining expert, unlike some of the well informed Hot Copper posters, but Tomingly another 700,000oz and Boda 10million gold equivalent ounces certainly sounds impressive (at possibly 85% recovery rates?), and ALK amply cashed up to develop.

    I scratch my head at the markets sometimes, question myself over and over and eventually shrug and go buy some undervalued shares.
 
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