ALK

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51.0¢ alkane resources limited

Ann: Revised Kaiser Resource Est Improves Confidence and Grade, page-110

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SunderlandTech

183 Posts.

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10/05/24

16:05

Post #: 73767731
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Originally posted by Antipater_100: ↑

and here is why..

constant spruikers constantly ignore the fact the SP is falling even on good news. Kaiser was good news but look at the SP - that points to how investors look at the BoDs and the MD. If investors lose confidence in the MD and the BoDs then SP will not take full advantage of any good news and will overreact on any poor news. And this has been the case with ALK for while now.

If people can't see this simple fact then they need to get their heads checked.

And now we wait to see Nic's 5 year plan that will probably aim to get half-way to where GMD is right now. And to remember GMD was just a spec not long ago. ALK could have bought GMD for a song... wonder what happened there.

But yes, spruikers will keep saying look how much profit ALK made for selling GMD shares.... my guess is ALK sold around 50c. Meaning ALK did not do good job even on that transaction considering where GMD trades now.

Also, the budget blowout at TGO. No one with a trace of brain believes ALK can develop NMPP on their own if they can't handle TGO which is about 10x smaller of what NMPP will most likely be.

And all that have an impact why good result from Kaiser did not do much for the SP and the thread is about ALK and not about Kaiser.

ALK owns Kaiser. Kaiser is not separate company where ALK has a share.

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This news article from February 2022 states "The company sold 20 million of its 31.7 million shares on Monday, netting it A$34.4 million in proceeds". The average sale price of GMD shares was $1.72.

https://resourcesrisingstars.com.au/alkane-sells-most-of-genesis-stake/

I think the Alkane share price has been underperforming because of falling grades and rising AISC at Tomingley. The share price should rise when grade goes back up again.

ALK Price at posting: 60.0¢ Sentiment: Hold Disclosure: Held
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Last 51.0¢		Change -0.005(0.97%)		Mkt cap ! $307.7M

Open	High	Low	Value	Volume
51.5¢	51.5¢	50.0¢	$494.1K	974.6K

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No.	Vol.	Price($)
4	151980	51.0¢

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Price($)	Vol.	No.
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Ann: Revised Kaiser Resource Est Improves Confidence and Grade, page-110

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

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Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Fast-track assaying yields 182 g/t gold for iTech at new NT play

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Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

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Ann: Revised Kaiser Resource Est Improves Confidence and Grade, page-110

Top Stories

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Saturn’s stars have aligned for the gold explorer’s Apollo Project

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Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

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