Three "points of interest" have transpired ( for me at least ) , since Alk's excellent announcement re Boda/Kaiser at the start of last week ;
1) Ian Gandel topping up with more --clearly , that's flagging confidence , but its also a Director buying in a "window of opportunity "period .
2) The surge of buying ....and the technical look of the chart . S. Reeve's chart contribution here identifies .Hard up , maybe a pause ?
3) Article on P28 of yesterday's Australian , headed "Tech gives Newcrest its golden edge "--specifically , it refers to NCM and that block cave mining technology ( relatively new for deeper bulk mining ) will have to be the new norm for mining big underground discoveries , and NCM is a leader in that technology . Whilst it does'nt mention the Alkane new discovery ( it refers to the US$800 M bid by NCM for a majority stake in Canadian RED CHRIS copper /gold mine ),and applying this block cave technology as they have at Cadia/ Ridgeway )IMO ,its more than co-incidental that the article appears in the same week at Alk's announcement !
So , there is the old conundrum ...if "we "the average punter are going to top up , with all the fundamental sum of the parts happening , does one buy now and set and forget , or average further purchases in over the next few weeks ?
On the one hand --the gold price has gone thru a sharp retracement , but could be in the process of bottoming around now ...and Tomingley South drilling will keep being reported .
But we are a few months off any resource numbers at Tomingley South. In addition , Boda drill planning will now have to go thru Induced Polarisation analysis , drill plan out , drilling contracting and drilling of ( x number ) deep holes , drilling core assays and results . WEEKS / Months OF WORK .
Investors will each apply their own approach ...set and forget if you have the cash and patience , or stagger buying if you accept that ALK has run hard , and there may be opportunities to buy at a somewhat lower price ( 10% lower , maybe low 50c ish ??)
I can't paste that Australian article on NCM --someone else might be able to ....but its worth a read , as you can get the vibe ( thanks to Dennis Denuto ) and whilst its very early days , of what might eventually shape up here in this new find .
AIMHO
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Last
67.5¢ |
Change
-0.005(0.74%) |
Mkt cap ! $407.3M |
Open | High | Low | Value | Volume |
68.0¢ | 69.0¢ | 67.0¢ | $156.9K | 231.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 67.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
68.0¢ | 26290 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 2318 | 0.670 |
5 | 206559 | 0.665 |
6 | 75391 | 0.660 |
5 | 134884 | 0.655 |
2 | 76700 | 0.650 |
Price($) | Vol. | No. |
---|---|---|
0.675 | 23845 | 10 |
0.680 | 29984 | 7 |
0.685 | 46313 | 8 |
0.690 | 69146 | 11 |
0.695 | 22329 | 4 |
Last trade - 11.16am 19/04/2024 (20 minute delay) ? |
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Last
68.5¢ |
  |
Change
-0.005 ( 0.74 %) |
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Open | High | Low | Volume | ||
68.0¢ | 68.5¢ | 67.0¢ | 62078 | ||
Last updated 11.25am 19/04/2024 ? |
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