STTCOMP ALK FA Long Alkane Resources [gold NSW] MC $200M no debt...

STTCOMP ALK FA Long

Alkane Resources [gold NSW]
MC $200M
no debt cash in bank ~$80M
SP ~39 cents

ALK announced after market a trading halt "pending the release of significant exploration results". Worth the effort to keep an eye on this to see what it does. My expectation is it will gap up on opening but not by a big margin... something about the way ALK trades that it's always the last one to be asked to dance. However, if it moves it tends to hold the gains for quite some time. Not so long ago it traded forever around 20 cents then 'bagged' to +45 cents. For ALK to call a TH it is newsworthy in itself.

Disclosure: I hold.