A couple of thoughts..
NE laid it out very clearly for us about Dubbo... it will not be until LYC's 20% excess production is absorbed that Dubbo will become a factor. I got no sense he thought that was close to happening just yet.
Hi @maplelegion fwiw... I can tell you how I am tackling the problem of when to buy.
My initial holding I pyramided by an extra 50%... which means my average price remains below the current trading price. When it continued to rise I mentally placed that stock I hold in the bottom drawer.. I then bought another parcel equal to the total number of shares of my existing holding and I will treat it as a new holding [which if the price continues to rise I will also pyramid by 50%]. Finally I bought another parcel on a slight retrace [the same cash cost of my initial holding before the announcement which set this off], which is to be used for range trading [the purpose being to either pick up some more stock or to gradually lower my overall average price].
ALK has always been a low risk stock... the problem with it has been the low volatility it displays [although I am confident some people have been playing it for pip trades for a very long time]. Now it is a candidate for massively re-rating over the next 1 or 2 years.... at the current SP it is fully valued on known assets but the 500 metre intercept is not going away and very likely will be repeated multiple times. A commercial porphyry is a rare thing... if this proves to be such ALK is heading to the ASX 100 list.
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Last
59.0¢ |
Change
-0.010(1.67%) |
Mkt cap ! $356.0M |
Open | High | Low | Value | Volume |
60.0¢ | 60.0¢ | 58.5¢ | $198.8K | 335.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 16886 | 58.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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59.0¢ | 15999 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 16886 | 0.585 |
5 | 96820 | 0.580 |
6 | 40585 | 0.575 |
7 | 121740 | 0.570 |
2 | 69800 | 0.565 |
Price($) | Vol. | No. |
---|---|---|
0.590 | 15999 | 2 |
0.595 | 50810 | 3 |
0.600 | 11000 | 2 |
0.605 | 389 | 1 |
0.610 | 5913 | 2 |
Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
58.5¢ |
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Change
-0.010 ( 2.86 %) |
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Open | High | Low | Volume | ||
60.0¢ | 60.0¢ | 58.5¢ | 89983 | ||
Last updated 15.59pm 08/05/2024 ? |
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