In my view it was sold down irrationally.
I don't think that the profit report had anything to do with the share price direction yesterday. What led to the reduced profit had already been flagged ages ago.
What is critical for a gold miner/explorer is what the future holds. What the potential might be. What the trend is for the price of gold, especially in Aussie $.
This might really rebound from here, page-6
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Last
47.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $284.1M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.5¢ | 46.5¢ | $295.7K | 630.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 55783 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 91059 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| ALK (ASX) Chart |