Another very constructive/ Instructive post , ConnorEX ..wise words !
Just an opportunity to add to your comments , and particularly your circa 80c ps intrinsic current value ....these comments by no means all embracing , but perhaps encourages me to think that your buying yesterday , was more astute than my decision not to !
I reminded myself last night ( whilst trying to decide whether Collingwood or Brisbane win tomorrow's Grand Final ) ..that my ALK investment is now turning into one that is largely there for the benefit longer term for my granddkids !!!)
# current ALK market cap is $370m , of which circa $100m +/- is cash /lquid investments ...proportion on that cash earmarked for Tomingley expansion .
# 80c share price would take that Market cap to $500m ....which , IMO , still has the Boda complex valued at near zero
# ALK is rapidly on its way to increasing to a 100k pa gold producer ..on approx $1000 per oz profit margin ( dependent on multiple issues of gold price, labour and power/fuel expenses . Notwithstanding the potential +/- margin variable , the capacity to increase exploration activity ..and balance that with commencement of dividends , suggested by management from 2026 at this stage ! That dividend timeframe is subjective --but its still firmly now in the mindframe of Directors .The fact that the underground drive from Caloma to Roswell is now almost completed ...and paid for ...is a significant achievement for ALK in this 2023 Calender year .
# whilst not intending to start a conversation on comparisons here , and the "virtues or otherwise "of other companies ...DEG ( DeGrey ) comes to mind . Currently a market cap of $1.75 B ---excellent discovery , excellent exploration potential ...but still at the start of its journey to become a producing mine , and costs/ inflationary factors in far north Western Australia are only going up in the next few years !
# Newmont has taken out Newcrest for several reasons , but location of Cadia in Orange , NSW --long life mine and copper /gold the largest driver !Evolution and CMOC are also excellent mines in the area ...and whether CMOC will change hands anytime soon , is a distinct possibility ??!!
# As an aside --but nevertheless relevant ) State Govt NSW ..and Federal Govt ...needs the Dubbo / Orange/ Parkes/ Forbes area , to continue to thrive as a labour regional centre ( despite the "environmental "hurdles facing all mining companies !!. ASM ,the spin off from ALK ..with its critical metals at Toongi ( and despite headwinds ) , will eventually get out of the ground , driven by the same reasons and of course rare earth demands .
Next week will be indeed interesting . End of Quarter in overseas markets , gold washout must be nearing its final capitulation on this run down ( gold sentiment could not get much worse ) ..and ALK has to be close to releasing the last of its Boda results ( for this campaign ) , whilst drilling still on going at Kaiser . Hopefully ---some common sense drives the ALK rerate very soon . AIMHO
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Last
46.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $285.6M |
Open | High | Low | Value | Volume |
46.0¢ | 48.0¢ | 45.0¢ | $368.6K | 785.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 28928 | 46.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.5¢ | 15624 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7277 | 0.465 |
7 | 46265 | 0.460 |
10 | 77237 | 0.455 |
8 | 115665 | 0.450 |
2 | 7400 | 0.445 |
Price($) | Vol. | No. |
---|---|---|
0.470 | 37291 | 19 |
0.475 | 118147 | 9 |
0.480 | 161969 | 17 |
0.485 | 37962 | 6 |
0.490 | 39147 | 5 |
Last trade - 15.28pm 11/10/2024 (20 minute delay) ? |
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