and it does not tick all the boxes. I want it to, but it does not.
Good thing is the management is not wasteful.
Problem is they don't seem to be able to do self-assessment and consider maybe it's their own strategy that is partially impacting the SP.
They need to address few things and ALK will get the re-rate we all think deserves.
Right now, even with negative sentiment, ALK should be trading above 80c.
One glaring example is exploring regional targets at NMPP. Does "early-stage exploration activity" really washes when they already admitted they have drilling targets at Driell and they haven't drilled some of those areas for about 6 years.
I can assure you it takes lot less than 6 years to acquire drilling targets.
In such case, hiring short term 3rd DD rig to punch around 3 holes is neither wasteful nor will break the budget. And will have positive impact as investors will see ALK as being proactive and serious about testing these areas.
all my own views.
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Last
42.0¢ |
Change
0.005(1.20%) |
Mkt cap ! $253.4M |
Open | High | Low | Value | Volume |
41.5¢ | 43.0¢ | 41.5¢ | $488.0K | 1.160M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 112937 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 81016 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 112937 | 0.420 |
4 | 103559 | 0.415 |
5 | 220972 | 0.410 |
6 | 27815 | 0.405 |
5 | 90650 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 81016 | 3 |
0.435 | 51731 | 4 |
0.440 | 117812 | 5 |
0.445 | 61858 | 4 |
0.450 | 88770 | 4 |
Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
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