Silvervalley007 "I like what Alkane offers having strong...

Silvervalley007 "I like what Alkane offers having strong operating cash flows from the ever improving Tomingley project supporting an already strong net cash position. It’s too early to call but if ever the Boda project were to prove up to be a Tier 1 project then the upside for Alkane shareholders is quite considerable."

Agree.
What I find interesting is as stated the fundamentals are good.
Now 422MC and from memory $57 million profit.

Who is selling? Is Ian Gandel still selling or someone else. It can't all be retail investors.

If was an investor with lots of shares and needed the money I would lay off selling for a while until SP lifts and then continue selling at a higher price. Although as we can see algo's can do amazing gyrations to share prices. Monday was interesting on that front.

Page 2/11 of March 2022 quarterly,
https://www.alkane.com.au/quarterly-activities-report-to-31-march-2022/
Cash and bullion position : A$130.


So from subtract MC 422M 130m = $292M and last years profit noting last years profit $57m

Admittedly it is not as good as Feb 2019 20c SP 100m MC and 80M in bank.Had exhausted gold reserves but had $100M worth of processing plant and unexplored tenements and a pretty good idea of what was in the are.

So can the SP go any lower. Of course non one can make that prediction.

As regards any unknown bad news coming. The reputation of any of the Directors would be toast if anything untoward came out besides it is a criminal offence.