ALK 0.93% 54.5¢ alkane resources limited

Yup bought back at 0.211, yes it can fall further but probably...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,696 Posts.
    lightbulb Created with Sketch. 224
    Yup bought back at 0.211, yes it can fall further but probably not much with $80m backing it and a MC of $104m, and all the infrastructure and expertise the company has, and from memory Gandell's bought 1,391,766 ALK at .230c and Chalmers 1,000,000 at about .25c.

    I sold half the shares I had after the AGM in Sydney and the rest a few weeks later. Something Nic Earner said to me which spooked me.

    So back in with more. I hope Chalmers and Gandell know what they are doing. Not expecting much to happen in the next couple of months.

    I can understand peoples dissatisfaction at the share price. Yes better buys else where but where?

    I am seeing it as a gold miner rather tham RE.

    Someone mentioned Price of Gold. The chart below, I know nothing about TA but I do look at charts. Screen Shot 2018-07-28 at 12.07.41 PM.png
 
watchlist Created with Sketch. Add ALK (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.