Never been accused of pumping before. Thats a first. Just stating facts. I even pointed you towards an issue that ALK has in that its gold reserves are dwindling. I dont want to waste my time and spoonfeed anyone but here are some more facts:
Net cash increase FY17 was $17.5m, take out share issues and that is $13.5m. $55mil operating cashflow is quite healthy. I'm not going to argue with your opinion about using cash for projects. I understand, but do not agree with that position.
In regard to the cashflow, picking and choosing figures to back up your agenda is irresponsible at worst, particularly given you say you hold stock. And reporting the wrong figure of $39m when its $29m is worse. Im sure you realise that $19m of the $29m is used for production (last quarter this production expenditure resulted in $36m of gold revenue). Not sure what you expect the company to do? It takes money to make money. But lets not let the facts get in the way of your story.
$46m cash backing at end of last quarter. Pretty healthy.
I cannot beleive I spent the time to write this but your post was blatantly factually incorrect.
Something Afoot with Alkane?, page-23
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Last
56.0¢ |
Change
0.005(0.90%) |
Mkt cap ! $337.9M | |||
| Open | High | Low | Value | Volume |
| 56.5¢ | 57.5¢ | 56.0¢ | $237.0K | 418.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 53125 | 56.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.5¢ | 28071 | 4 |
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| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
56.0¢ |
Change
0.005 ( 1.28 %) |
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| Open | High | Low | Volume | ||
| 56.5¢ | 57.0¢ | 56.0¢ | 179575 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| ALK (ASX) Chart |