ALK

1.00%

49.5¢ alkane resources limited

@RabbitTrap From what you have quoted in the article, I think...

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Contrarian4me

349 Posts.

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09/12/22

10:43

Post #: 65237195
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Originally posted by RabbitTrap: ↑

Another article from the US regarding ALK on the web.
https://investorplace.com/2022/12/our-7-top-penny-stock-picks-for-2023/
"Alkane Resources (ALKEF)
Founded in 1969, Alkane Resources (OTCMKTS:ALKEF) calls the Land Down Under home. According to its website, Alkane is poised to become Australia’s next multi-mine gold producer. Although it features projects throughout the country, management focuses predominantly on the New South Wales region.As of this writing, Alkane carries a market cap of 371.5 million AUD or about $248.7 million. ALKEF trades hands for 45 cents a share. Against the January opener, the stock dropped almost 32% in equity value. However, in the trailing five days, ALKEF popped up nearly 5%, reflecting a possible bullish resurgence.
On the financials, Alkane is arguably best known for its revenue trend. Its three-year sales growth rate stands at 20.8%, beating out 79% of its competitors. Also, the company delivers on the bottom line, particularly with a net margin of 42.6%. This stat ranks above 93% of the industry. Finally, Alkane enjoys a return on equity of nearly 30%, reflecting a very high-quality business. So, don’t let the cheap price fool you."

The final NSW approvals are as per usual very slow, I remember both the original Tomingley and the DP approvals, hope it happens this year. Still lots to like about this company, whilst the drill out of Boda is slow it continues to produce results without straining the companies cashflow. It allows for the conservation of the cash to quickly develop the SAR open pit at Tomingley once the approval does come. It allows the additional drilling in nearby extensions, as well as the Boda exploration without the need to keep going to market to raise cash. In the meantime the exploration drive will allow some underground ore to be processed following approval.

This company is very conservative, so is not for the impatient investor. Most of my shares were bought around 18 - 20 cents during long periods where the price did not reflect the then current fundamentals of a producing mine and it also included the DP which was later spun out.

Will continue to buy when the price is right and cash allows, I have been rewarded in the past and expect and hope to in the future when the price reflects the value of the company. My opinion only.

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@RabbitTrap

From what you have quoted in the article, I think their justification is very flawed. Take out the very large gain on share sales in the Profit and Loss statement and the company had a very ordinary year. This is the problem with automated research companies relying on quantitative research as they do not look behind the headline numbers. I think the only research worth looking at is qualitative research when an actual person/s study company reports to look for anomalies.

Let me know if you think I am wrong and have missed something.

ALK Price at posting: 63.8¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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First 6 Last

(20min delay)
Last 49.5¢		Change -0.005(1.00%)		Mkt cap ! $298.7M

Open	High	Low	Value	Volume
50.0¢	51.0¢	49.5¢	$388.5K	775.9K

Buyers (Bids)

No.	Vol.	Price($)
1	8351	49.5¢

Sellers (Offers)

Price($)	Vol.	No.
50.0¢	29587	2

View Market Depth

No.	Vol.	Price($)
1	8351	0.495
8	58240	0.490
3	60062	0.485
7	277800	0.480
1	21052	0.475

Price($)	Vol.	No.
0.500	29587	2
0.505	9456	1
0.510	12628	2
0.515	4000	1
0.530	23000	1

Last trade - 16.10pm 17/06/2024 (20 minute delay)


Last 50.0¢		Change -0.005 ( 1.24 %)
Open	High	Low	Volume
50.5¢	51.0¢	49.5¢	198276
Last updated 15.59pm 17/06/2024 ?

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@RabbitTrap From what you have quoted in the article, I think...

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