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ALK - ALKANE RESOURCES LIMITED


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  • 1 month later...
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  • 2 weeks later...

ALK half yearly out.

Lots of increases from June EOY.

Production up 90%.Sales up 91%.

Profit after tax up 117%.

A chunk of profit was due to the demerger of ASM, which in itself was a big bonus for shareholders of ALK.

Like all gold producers of late, it has taken a fair hit.

Will still keep holding, waiting for the next gold run.

Mick

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  • 2 weeks later...

Recent drilling results out of Mt Kaiser nothing spectacular, though it probably will increase resources.

Better than the Dud at BLZ.

ALK, along with all the goldies, up today.

Maybe because with so many institutional players on a long weekend, the keyboard warruors like ourselves can see what really goes on.

Mick

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  • 1 month later...

One of the two diamond core holes drilled at the Boda Prospect has intersected high grade copper-gold mineralisation, extending by 100m the high-grade breccia identified by previous holes.

Plus more mineralisation, but on lesser intervals, in 4 further holes. All up, the results are looking very promising and indicate a sizeable deposit. Drilling continues at Boda and Boda Two, testing extensions and adding definition to the identified mineralised systems.

All up, not quite a new Cadia, but time will tell as the porphyry is defined further.

 

 

 

up 20% yesterday but not holding today

 

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  • 1 month later...

Exited ALK this week.

Been a good run, but its getting to the fully priced mark (and beyond) with a PE of 41.

ALK has appeared as a 20% (and increasing) shareholder on the register of GMD.

A takeover offer in the wings?

If thats the case, will not help the SP in the short term.

Mick

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