Good points. At least CAI's operations are in Australia, albeit WA, rather than the jungles of Guyana. The latter should be a bridge too far for Alkane imo (but you never know).
Perhaps, as you suggest, the Alkane trading halt relates to a non-ASX-listed company. Alternatively, maybe Alkane is fed up with the slow pace of their rare earths project and is upping the ante on gold in the meantime? I recall they sold a gold project to Regis a few years ago, so a gold acquisition now would signal quite a change in their priorities.
TRY Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held