Hi toneboy
Most of us lose money on the majority of the stocks we buy.... true? You bet it is. So... when something comes along which presents a profit people take a bit off the table. Personally I put a friend onto ALK recently. He bought somewhere around 60 cents and today sold the lot for $1.09. I have tipped a number of stocks to him over the years... ALK is the first winner and he is pleased to get some of his money back.
As for myself... I have sold down to a free carry position and happy to sit on ALK for as long as it takes... which is probably somewhere between 3 to 5 years in the best case scenario. [I will probably buy more from time to time to trade it along the way].
Early signs are Boda is a significant find. On just the current drill results ALK could put it up for sale and any number of other companies would bid for it. On potential alone it is probably worth $500M. Extracting the full value will take time, many more expensive holes and a bit of patience.
As can be seen from some of the posts above [and also my friend] it is not immediately obvious to everybody what the potential is. The share price will reflect that.
- Forums
- ASX - By Stock
- ALK
- Ann: Significant Porphyry Au-Cu Mineralisation Width increases
Ann: Significant Porphyry Au-Cu Mineralisation Width increases, page-98
-
-
- There are more pages in this discussion • 182 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ALK (ASX) to my watchlist
|
|||||
Last
38.5¢ |
Change
-0.010(2.53%) |
Mkt cap ! $232.3M |
Open | High | Low | Value | Volume |
39.0¢ | 39.5¢ | 38.0¢ | $601.4K | 1.551M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 23471 | 38.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.5¢ | 14668 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 23471 | 0.385 |
19 | 292677 | 0.380 |
10 | 81078 | 0.375 |
6 | 26908 | 0.370 |
2 | 20098 | 0.365 |
Price($) | Vol. | No. |
---|---|---|
0.395 | 14668 | 1 |
0.400 | 5000 | 1 |
0.405 | 60692 | 2 |
0.420 | 27000 | 3 |
0.425 | 11463 | 3 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
Featured News
ALK (ASX) Chart |