ALK 0.99% 50.0¢ alkane resources limited

Ann: Resource Definition Drilling Update, page-36

  1. 7,510 Posts.
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    Agreed. The move down was before the CR announcement. More like a load of professional investors sold down on knowledge of the raising ignoring confidentiality and no sell agreements and bought back in at 55 (flagged it to ASIC as there was a spike in shorting too). The sad thing is it was probably retail selling at -55 after the CR having bought at 70/80+. But no retail investor is going to admit that on here.

    The stock went 67.5-72.5 and back to 67.5 on this positive report. Seems there are still willing short-term profit takers from 55 yet to be cleared out. Roll on the Boda announcement.
 
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