Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

A reminder to all members that you agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


13 Pages (Click to Jump) V  < 1 2 3 4 5 6 > »    
 
  
Reply to this topic

ALK, ALKANE RESOURCES LIMITED
mullokintyre
post Posted: Nov 28 2019, 02:43 PM
  Quote Post


Posts: 2,526
Thanks: 896


In Reply To: nipper's post @ Nov 28 2019, 11:49 AM

As with TLG, It may end up being just as easy to buy on market at rightsissue price.
Have put an order in at that price just in case.
Mick



--------------------
sent from my Olivetti Typewriter.
 
nipper
post Posted: Nov 28 2019, 11:49 AM
  Quote Post


Posts: 7,111
Thanks: 2443


In Reply To: nipper's post @ Sep 21 2019, 08:04 PM

insto placement and rights issue 1 for 8 at $0.55 to raise $54mill.

Tomingley - a new decline, + utilisation of mill to boost gold production and increase cashflow
Boda - step-out drilling



--------------------
"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
 
nipper
post Posted: Sep 21 2019, 08:04 PM
  Quote Post


Posts: 7,111
Thanks: 2443


In Reply To: macdtrader's post @ Sep 9 2019, 02:27 PM

QUOTE
Grade is king
But dollars in the bank are what count (and impress the punters)

Cadia is the 3 billion tonne resource grading 0.36g/t gold and 0.26% copper being mined by Newcrest near Orange, with its gold production costs (after copper credits) coming in at a magical $US171/oz for the 912,000oz produced in FY2019.

And Alkane ... 0.48g/t gold and 0.2% copper over "hundreds of metres".



--------------------
"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: Sep 10 2019, 10:44 AM
  Quote Post


Posts: 2,526
Thanks: 896


Well, I am out of ALK.
Having doubled since I bought in, even if it was more good luck than good management, it is too good a profit to pass up.
I was more interested in the Rare earths side of the business than its gold production, but what the heck.
It may go higher, but there is no point in being greedy.
Mick



--------------------
sent from my Olivetti Typewriter.
 
macdtrader
post Posted: Sep 9 2019, 02:27 PM
  Quote Post


Posts: 90
Thanks: 9


In Reply To: nipper's post @ Sep 9 2019, 01:17 PM

Potential big tonnage but tiny grades.
Grade is king.

 
nipper
post Posted: Sep 9 2019, 01:17 PM
  Quote Post


Posts: 7,111
Thanks: 2443


In Reply To: nipper's post @ Sep 9 2019, 09:44 AM

QUOTE
Alkane would be one of the few smaller resources plays with the sort of pockets to quickly step up its exploration efforts.

The company owns the small but profitable Tomingley gold mine, also in NSW, which generated Alkane’s $23m in net profit after tax last year. That cash flow out of Tomingley helped Alkane’s cash balance reach $80.3m at the end of June.

Alkane has a current market capitalisation of just under $200m.

& up some 20%



--------------------
"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
 

Featured Stock Stories





nipper
post Posted: Sep 9 2019, 09:44 AM
  Quote Post


Posts: 7,111
Thanks: 2443


In Reply To: nipper's post @ Sep 6 2019, 12:47 PM

QUOTE
“These drill results suggest a significant and exciting discovery in a region that has a history of delivering large, low-grade and long-life gold-copper mines.

The project area has already delivered some strong indications of a big porphyry system near surface at Kaiser and, along with the results from this diamond drill hole at Boda, we can see clear evidence of Cadia-style mineralisation and grade over hundreds of metres.

Alkane is immediately prioritizing follow up drilling, seeking to determine the scale of this highly encouraging discovery”.
- and a few more holes needed to figure it out



--------------------
"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
 
nipper
post Posted: Sep 6 2019, 12:47 PM
  Quote Post


Posts: 7,111
Thanks: 2443


Trading Halt.... pending the release of significant exploration results.



--------------------
"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: May 30 2019, 03:09 PM
  Quote Post


Posts: 2,526
Thanks: 896


Been a long time, but I am now back in ALK.
The rare earths may get a boost big time from the spats over REM's between China and USA.

Mick



--------------------
sent from my Olivetti Typewriter.
 
blacksheep
post Posted: Jul 25 2018, 03:06 PM
  Quote Post


Posts: 6,791
Thanks: 2307


In Reply To: blacksheep's post @ Oct 17 2017, 01:42 PM

Quarterly Activities Report to 30 June 2018

QUOTE
Dubbo Project (DP)
 The update on the engineering, development and financials was released. Key points include that for circumstances where the Project is successfully funded and developed:
o The Project could generate A$4.7 billion free cash flow at the 20-year base case, with a forecast capital cost of A$1.3 billion base case build or A$808 million for the stage 1 build.
o The NPV / IRR is estimated to be between A$1,297 / 17.5% and A$909 / 16.1%, depending on whether capital is managed to build the Project as a single 1Mtpa plant or in two stages,
with both alternatives confirmed viable.

Tomingley Gold Operations (TGO)
 Excellent operational performance saw guidance for the full year met with 78,533 ounces of gold produced at an all in sustaining cost (AISC) of A$1,002 per ounce.
 Continued strong site operating cash flow for the quarter at A$16.0M(full year A$60.1M).
 Quarter Results
o Gold production was in line with forecast at 19,135 ounces.
o Site operating cash costs were A$754/ounce with AISC of A$1,017/ounce.
o Gold sales were 19,163 ounces for revenue of A$33.2M at an average price of A$1,735/ounce.
o 4,000 ounces of open forward contracts existed at 30 June 2018 at average forward price of A$1,750/ounce.
 Due to the completion of open cut mining, guidance for FY19 is production of 30,000 to 35,000 ounces of gold at an AISC of A$1,300 to A$1,400 per ounce. Included in this is budgeted
expenditure of $5M on rehabilitation for which provision in Alkane’s accounts has already been made.
 Planning for underground operations continues with appointment of a project manager to confirm the development economics and prepare a detailed execution plan for an investment
decision by December 2018. Corporate
 The Group’s cash and bullion position totalled A$80.0M, with A$72.0M in cash and bullion on hand at fair value of A$8.0M, an increase of A$11.0M from the previous quarter.


JULY 17 2018 - 1:00PM
Alkane Resources' exploration focus on prospects near Tomingley - https://www.dailyliberal.com.au/story/55306...k-up-the-slack/
Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


13 Pages (Click to Jump) V  < 1 2 3 4 5 6 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING