ALK 5.88% 40.0¢ alkane resources limited

Or that they believe it will proceed but it will be a white...

  1. 220 Posts.
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    Or that they believe it will proceed but it will be a white elephant...

    More likely though the rare earth market and zirconium continues to be belted. Yttrium off another 3.5% today.

    While the DZP potentially has huge profit margins once its up and running, I think for large investors its such a long life project, that there is plenty of time to get in on this stock at a later date, with lower risk and still plenty of upside.

    To be honest I expect a decent re-rating once funding and approvals are sorted out but not a massive one. I think we need to be actually producing at a profit or for product prices to start climbing to see the real potential coming out of this stock.

    At the moment for the large investors its still a speculative high risk venture.

    I've had a gutful of the current SP action but our time will come I'm sure.
 
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Last
40.0¢
Change
-0.025(5.88%)
Mkt cap ! $241.3M
Open High Low Value Volume
43.0¢ 43.0¢ 40.0¢ $901.0K 2.183M

Buyers (Bids)

No. Vol. Price($)
9 82627 40.0¢
 

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Price($) Vol. No.
40.5¢ 20000 1
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Last trade - 16.10pm 02/09/2024 (20 minute delay) ?
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