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15/08/21
09:33
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Originally posted by Dazedandconfused:
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STTCOMP ALK FA LONG
Alkane Resources (Gold NSW)
MC $600M
SP $1.04
No debt, Cash ~$80M
Alkane went into a trading halt on Friday prior to releasing the latest drill results from their Boda prospect. These guys do not go into trading halts for frivolous reasons. Previous drill results have shown very large intercepts of low grade Au/Cu indicating they have discovered a significant porphyry. What has been missing is a discovery hole for a substantial high grade core. The management of ALK has compared the Boda prospect to possibly being similar NCM's Cadia deposit ... if it is in the same category it will represent one of the best new discoveries in the last 20 years. Well worth reading the announcement when it comes out... imo.
Disclosure: I hold ALK
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thanks for the info...i also noticed it this week due to it coming back to me buy range. unfortunately i did not act yet...ill keep a close eye out on Monday. hope its a good result !!!