Australia's largest stock trading and investment forum Australia's #1 stock forum

ALK

Click for more information

1.16%

43.5¢ alkane resources limited

Excellent point. I have been thinking similarly. The real run...

First 35 Last

Share
Profile

Follow
JacobW

1,826 Posts.

252

20/01/20

19:08

Post #: 42479632
Share

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.

Expand

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
20 Upvote

0 Great analysis

Reply

Top Stories

Essential Energy conference: Streamlining approvals key to the green energy transition

88E

HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

BPM

BPM Minerals hits high-grade gold at the Claw Project WA; shares jump 86%

EXR

Essential Energy conference: Elixir talks up unlocking QLD's Taroom Trough

HVN

Harvey Norman clocks subdued gains as Echo Law's junk warranty class action kicks off

There are more pages in this discussion • 63 more messages in this thread...

First 35 Last

Add ALK (ASX) to my watchlist

(20min delay)
Last 43.5¢		Change 0.005(1.16%)		Mkt cap ! $262.9M

Open	High	Low	Value	Volume
43.0¢	44.0¢	42.5¢	$229.1K	532.3K

Buyers (Bids)

No.	Vol.	Price($)
7	81951	42.0¢

Sellers (Offers)

Price($)	Vol.	No.
43.5¢	611	1

View Market Depth

No.	Vol.	Price($)
7	81951	0.420
3	11861	0.415
4	23839	0.410
2	65000	0.405
6	77083	0.400

Price($)	Vol.	No.
0.435	611	1
0.440	11000	1
0.445	75000	1
0.450	72734	6
0.455	112293	7

Last trade - 16.10pm 18/09/2024 (20 minute delay)

ALK (ASX) Chart