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ALK, ALKANE RESOURCES LIMITED
mullokintyre
post Posted: Sep 22 2020, 04:12 PM
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In Reply To: mullokintyre's post @ Sep 18 2020, 01:41 PM

All out of ALK. PE is now in mid 60's would need a big increase in gold prices in AUD to bring that down to an acceptable level.
Been a great ride though, and the ASM iPO was the icing on the substantial cake.
Mick



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mullokintyre
post Posted: Sep 18 2020, 01:41 PM
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In Reply To: mullokintyre's post @ Aug 28 2020, 10:21 AM

ALk hitting another 52 week high.
It is now up 45% since late August.
Taking the profits today, but will keep a few just in case.
Mick



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sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Aug 28 2020, 10:21 AM
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In Reply To: mullokintyre's post @ Aug 25 2020, 10:20 AM

Some more good drilling reuslts out this morning.
Looks like the Roswell area is deep and continuing, so may well keep them going for some time yet.
Still holding.
Mick




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mullokintyre
post Posted: Aug 25 2020, 10:20 AM
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In Reply To: mullokintyre's post @ Jul 29 2020, 11:47 AM

ALK put out an only sos so report.
Most things are down due to the shift from open cut to underground mining.
The only saving grace was that the price received for gold sales was 22% higher than the previous year.
With the demerger of ASM , ALK is now only a gold play.
The next two development approval at San Antonio and Roswell have commenced with NSW government, and farm land as well as fleet vehicles purchased in anticipation of approvals.
Don't think we will see much improvement for a while.
Down 5% today.
Mick



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mullokintyre
post Posted: Jul 29 2020, 11:47 AM
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In Reply To: mullokintyre's post @ Jul 29 2020, 10:29 AM

Rather surprised that ALK has not fallen today a bit more today.
Given that a chubk of their business(together with 20 mill in seed capital) has been offloaded into the new entity ASM.
Maybe the market thinks that ALK is better value without it.
Anyway, sold a chunk of mine this morning as I wait to see how much the ASM shares debut at.
Mick



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mullokintyre
post Posted: Jul 29 2020, 10:29 AM
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In Reply To: nipper's post @ Jul 28 2020, 10:07 AM

Got my ASM shares allocated as of this morning.
No price, can't trade them as yet.
I tried to contact the admin about getting a thread set up for ASM, but got a PHP error.

Mick



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Featured Stock Stories





nipper
post Posted: Jul 28 2020, 10:07 AM
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In Reply To: mullokintyre's post @ Jul 28 2020, 09:26 AM

it's interesting all the ASM news comes out before the IPO. doing neither of the companies any harm

Highlights:
QUOTE
Subsequent run of pilot plant produces another 22kg of titanium metal alloy
This test run confirms this patented metal production method uses up to 50% less energy than current commercial production methods
Electro refining process to produce high purity (99.9%) titanium metal progressing with results expected in August




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
mullokintyre
post Posted: Jul 28 2020, 09:26 AM
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ALK's soon to be demerged subsidiary ASM has produced another sample of its high purity ti from its new process that reduces energy use by 50%.
With gold also leaping higher overnight, should be a good day for ALK.
Mick



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mullokintyre
post Posted: Jul 15 2020, 10:07 AM
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Alk quarterly came out, figures right in the middle of the forecasts from previous quarter.
Most interesting bit is the reallignment of the gold price with cut off values.
Production will be greater next quarter due to planned mining to now include lower grades.
AISC up as a result, but overall profit should increase.
Should know by next quarter whether the next two lodes to be mined get approval from NSW govt.
if succeeding in that, the board has already indicated they will go ahead with these extra mining areas. Good for some more jobs in the Cobar area, Good for ALk share price, and of course, good for me!
price up marginally this morning.
Mick



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mullokintyre
post Posted: Jul 10 2020, 03:02 PM
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In Reply To: mullokintyre's post @ May 20 2020, 09:50 AM

Looks like those who want the ASM shares have bought their parcels of ALK.
After a hefty runup after the announcement, has flatlined then started to reverse trend.
Down to 1.20 from highs of 1.33.
I sold some at 1.30, hope it goes down to 1.10 or lower so I can replace them at a discount.
Mick



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