ALK 0.90% 56.0¢ alkane resources limited

The existing underlying ALK business remains relatively...

  1. 1,684 Posts.
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    The existing underlying ALK business remains relatively unchanged and BODA resource being defined with greater clarity.

    If anyone liked this stock at 65c one has to like it much more at 55c. The daily charts @acouch generously provides us all tell a familiar story that most think they know yet few of us actually action.

    You make money in the market when you can buy a fundamentally sound business cheaply ie BUY LOW.

    The business is not going broke, its share price is weak. For many here, with the capital and patience to do so, the bell is ringing.

    Of course we are going to need to raise capital or get a partner to extract resource value, they are the means to the end and the end is a much higher intrinsic value, cash flow and share price.

    When hopes simply take too much time to reach fruition for punters to hold, investors take over and make most of the money.

    I don't see ALK as greatly different from any other "overnight" success. No guarantees of course.

    GLTASH

    Last edited by Jack1960: 24/01/24
 
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Last
56.0¢
Change
0.005(0.90%)
Mkt cap ! $340.9M
Open High Low Value Volume
56.0¢ 57.5¢ 56.0¢ $184.8K 326.2K

Buyers (Bids)

No. Vol. Price($)
12 23871 56.0¢
 

Sellers (Offers)

Price($) Vol. No.
56.5¢ 18327 7
View Market Depth
Last trade - 14.54pm 07/06/2024 (20 minute delay) ?
Last
56.0¢
  Change
0.005 ( 0.74 %)
Open High Low Volume
57.0¢ 57.5¢ 56.0¢ 119610
Last updated 15.08pm 07/06/2024 ?
ALK (ASX) Chart
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