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.
Ann: Revised Kaiser Resource Est Improves Confidence and Grade, page-110
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Last
55.0¢ |
Change
0.020(3.77%) |
Mkt cap ! $331.9M | |||
| Open | High | Low | Value | Volume |
| 53.5¢ | 55.5¢ | 53.5¢ | $668.4K | 1.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 100906 | 55.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.5¢ | 117919 | 5 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ALK (ASX) Chart |