ALK - ALKANE RESOURCES LIMITED

[macrae12]

ALK now at 21c - next signal woujld be past the 22 mark after which an uptrend maydevelop - here is hoping. Buy signals were present at 20. Annoucement is scheduled by the end of the month regarding pre feasability study. Anyone else who cares? http://www.ShareScene.com/html/emoticons/graduated.gif

[Financial Chatter]

In reply to: macrae12 on Wednesday 01/09/04 07:42pm

Drilling underway at present. Galwadgeree should bring in some interest to this stock if the results are good enough.

[macrae12]

In reply to: Financial Chatter on Thursday 02/09/04 09:45am

Thankfully, no capital raising is underway for the rest of the year. Costings for the next half is 1mill. Hoping for good results soon. Interesting summary by Chalmers today - may be wanting to quel rumours of going to market for more $$$$. Beware, this a spec minnow - may have come in to hard.... time will tell if the 2003 Explorer of the Year's SP recovers. http://www.ShareScene.com/html/emoticons/graduated.gif

[Financial Chatter]

The true believers are to be rewarded at last! There is substantially more gold at width and depth! Magnificent!

[macrae]

In reply to: Financial Chatter on Tuesday 12/10/04 10:08am

I am smiling and will hold for more news. Wyoming in the gloaming....

http://www.ShareScene.com/html/emoticons/lmaosmiley.gifhttp://www.ShareScene.com/html/emoticons/lmaosmiley.gifhttp://www.ShareScene.com/html/emoticons/lmaosmiley.gif

[trader10]

Alkane, Centennial pick up gongs

 

 

Andrea Hayward

 

 

Thursday, October 21, 2004

ALKANE Exploration was named New South Wales explorer of the year, while Centennial Coal picked up the gong for NSW miner of the year earlier this week.

 

Centennial and Alkane were chosen for the awards at the second annual NSW Miners and Explorers conference in Sydney.

 

New South Wales mineral resources minister Kerry Hickey said he had inspected both companies' operations and learned more about their plans for future growth.

 

"Both Alkane and Centennial have impressed me with their commitment to our State and our industry."

 

Alkane director Ian Chalmers said the company had been involved in resources in the State over the past 20 years, as both explorer and miner.

 

He said Alkane were now exploring across several resource types and hoped to extend its operations as a producer in coming years.

 

Alkane has operated the Peak Hill gold mine and is looking to develop the Wyoming gold deposits nearby, a zirconia resource at Dubbo and a copper/gold deposit at Galwadgere.

 

Centennial has multiple operating mines in the Hunter Valley and supplies about 40% of the state's energy coal requirements. Its latest development is the Mannering Colliery, expected to produce 500,000tpa coal.

 

Hickey pointed out NSW was the second largest Australian producer of gold, lead and zinc and the third largest copper producer.

 

He said there had been a substantial increase in exploration licence applications over the past two years, reflecting a more positive mood in the exploration industry buoyed by improving metal prices.

 

 

[Financial Chatter]

Today's announcement proves that there is a substantial amount of gold at greater depth and will assist proving that the deposit is a viable one.

 

The buying that has occurred today appears to be dominated by a couple of very large buyers and looks strong.

[trader10]

"tested by various programs including geological mapping; auger soil geochemistry; Induced Polarisation; detailed aeromagnetics; and RC and diamond core drilling."

 

They are very keen to find what they are looking for http://www.ShareScene.com/html/emoticons/smile.gif

 

"The drilling recorded several ore grade intercepts and confirmed the potential of the Molong Project area to host a major dioritic to monzonitic intrusive complex of the same age and composition as those rocks that host the giant Cadia-Ridgway deposits."

 

 

"Alkane has agreed to issue 2 million ordinary fully paid shares to RioÃÆâ€â„¢ÃƒÆ’ƒâ€Â ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒ¢Ã¢â‚¬Å¾Ã‚¢ÃƒÆ’ƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ÃƒÆ’Æâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’‚¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¬ÃƒÆ’Æâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’‚¾ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢s nominee at a deemed issue price of 20 cents each."

 

Hummm interesting anyone follwing them ?

 

Cheers http://www.ShareScene.com/html/emoticons/unsure.gifhttp://www.ShareScene.com/html/emoticons/smile.gif

[douglas7205]

In reply to: trader10 on Wednesday 22/12/04 08:29pm

these guys could want to go mining this year and so maybe they will make a a rights issue to shareholders to get the funds, not sure what effect this would have on the SP.

[Bazza]

Used to be a shareholder but sold my holdings about a year ago. They show good promise but the consulting fees paid to directors has been quite high. They regularly look for more funds and never seem to get to mining the ore. These strikes have been going on for years and the scoping and feasibility studies have been going on for years. Are they in it for the consulting fees?