ALK 0.00% 51.0¢ alkane resources limited

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  1. 2,630 Posts.
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    Whilst I agree with much that's been said on this thread we need to consider the demerger. As of today, the combined MC of ALK and ASM is around $1060 million, of which $485 million is contributed by ASM.
    Who would have thought 5 months ago that the Dubbo project was worth potentially half of ALK's MC back in July '20 - and this was distributed to ALK s'holders at no cost. The steady slide in ALK's sp is reflecting the fact we are now a smaller company. The slide has probably been overdone (as markets do) and a correction is overdue.
    imo this couldn't have been avoided - valuing a non-existent company was well nigh impossible - it's tough enough valuing an existing business.
    Regards...
 
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