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51.5¢ alkane resources limited

Ann: Resource Definition Drilling Update, page-35

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JacobW

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20/01/20

19:08

Post #: 42479632
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Originally posted by Westwind: ↑

If you look at the placement press releases, $20m was raised in the original placement to sophisticated investors of which around 25% was taken up by the Gandel family. The offering to existing shareholders raised a similar amount. So the total capital raising was $40665397. At $0.55 per share that was around 74m shares. Over the last month there has been turnover of around 37m shares, so equivalent to 50% of all new shares issued. Presuming most of the existing shareholders would be longer term shareholders, as would the Gandels in the placement, you would think that most of the "loose, in and out, quick profit shares" might nearly have been cleared out.

On this basis, I would hope that we see the turnover now start to slow down and the long term holders sit back and enjoy the good news to come over the next couple of months.

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Excellent point. I have been thinking similarly. The real run has just begun.
Recall the trading prior to the right raising, it was pushed down greatly. A few holders gave up and sold out. in hindsight, I am now relieved that I resisted and kept my nerve.
ALK will behave like it has been trading wise, until it becomes top 200 or 500 companies. I hope we will not wait for too long.
Happy New Year, fellow holders.

ALK Price at posting: 67.5¢ Sentiment: Buy Disclosure: Held
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Last 51.5¢		Change -0.015(2.83%)		Mkt cap ! $313.8M

Open	High	Low	Value	Volume
53.0¢	53.0¢	51.5¢	$723.4K	1.384M

Buyers (Bids)

No.	Vol.	Price($)
1	512	53.0¢

Sellers (Offers)

Price($)	Vol.	No.
48.5¢	1827	2

View Market Depth

No.	Vol.	Price($)
2	26316	0.520
6	82445	0.515
3	12943	0.510
4	52406	0.505
7	197420	0.500

Price($)	Vol.	No.
0.490	516	1
0.500	1205	1
0.520	19063	7
0.525	108308	3
0.530	41061	2

Last trade - 15.59pm 26/06/2024 (20 minute delay)

ALK (ASX) Chart