I too am a long term holder (bought @ 25c 18 months ago) and think this company has a great medium to long term story, but in the short term it is always going to be at the mercy of market sentiment and the falling commodity prices.
My only real concern is the lack of a strategic plan from the company about how exactly they are going to obtain funding and bring their assets into production.
IMO any short term upside can only come from some clarity of this issue. Relying on Newmont to provide the kicker means we are going to be waiting a fair while before we see any appreciable movement in the right direction.
I too am a long term holder (bought @ 25c 18 months ago) and...
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Last
57.0¢ |
Change
0.035(6.54%) |
Mkt cap ! $343.9M | |||
| Open | High | Low | Value | Volume |
| 53.5¢ | 57.0¢ | 53.0¢ | $1.243M | 2.231M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1869 | 53.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.0¢ | 30258 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ALK (ASX) Chart |