ALK 1.53% 64.5¢ alkane resources limited

I personally think the two overseas trips by Nic Earner during...

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    I personally think the two overseas trips by Nic Earner during the year were as more to "attract Institutional awareness and make Instutional Introductions "..than to attract immediate overseas Institutional buying !
    At least ...In the market that existed/exists for gold copper plays ...and having regards to the fact that ALK is still ( until next year ) a sub 100 oz pa producer , AND has an ResourcE Update pending for Boda !
    Overseas Instos generally are aware of emerging stories in Canada and South America , and I am sure Nic has made many more Fund Managers aware of what ALK has .
    Its not like , ALK has gone over there seeking immediate Funds --the first question overseas buyers will ask --is how do we take an equity position . They are not going on market to buy --as the turnover just isn't there . They will wait ...until ALK has verified its updated Resource at Boda , prepares its preliminary PEA ..and makes some preliminary "determinations " of what its going to do --as regards moving forward as a stand alone operation , or a farm , or a JV .
    At which time ..capital requirements , and how to fund them ..and who they take on as a partner ..that's when local and overseas players , need to be carefully assessed .
    I would also assume by then ..having completed the drilling programmes to update/upgrade BODA/ KAISER --to this point in time , other regional scout drilling programmes will be underway as well ..and hopefully/optimistically/logically , other deposits in the nearby area are unfolding . Similarly --Tomingley additions --nearby ,as Allendale and to the south on that ground picked up from Sandfire ..have had some drilling and are showing promise. .
    I kept a Greatland Gold Preso , also done at the Denver Colorado Sept 2023 Conference , for reference .
    https://greatlandgold.com/wp-content/uploads/2023/09/2023.09.18-Greatland-Denver-Gold-Forum-Presentation.pdf

    In view of the takeout of Newcrest by Newmont ---and Haverion "exiting "the scene as one of the best ( if not the best ) emerging discoveries , I think Boda takes an even bigger presence on the world stage , as a Tier One world class discovery . As ALK has said tho --its a seven year Project . But by March 2024 --we should get a much better idea on how it shapes up , on world class potential --and when 'overseas awareness "starts to get serious .
    We should be seeing a much more conducive copper/gold market over the next 6 months ..and a much better environment for the big Canadian gold players to be looking at undervalued LONG TERM Australian gold plays .
    AIMHO
 
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Last trade - 16.10pm 26/04/2024 (20 minute delay) ?
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