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ALK, ALKANE RESOURCES LIMITED
mullokintyre
post Posted: Jun 11 2021, 04:59 PM
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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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sent from my Olivetti Typewriter.
 
nipper
post Posted: May 4 2021, 12:59 PM
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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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"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: Mar 8 2021, 09:42 AM
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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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sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Feb 26 2021, 08:37 AM
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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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sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Feb 16 2021, 09:27 AM
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In Reply To: mullokintyre's post @ Feb 9 2021, 08:39 AM

ALK drilling results has increased the inferred resources at Tolmingly with further returns at depth suggesting the lode may continue for some distance yet.
Good long term prospects for life of mine.
Mick



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mullokintyre
post Posted: Feb 9 2021, 08:39 AM
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In Reply To: mullokintyre's post @ Dec 21 2020, 02:52 PM

Got back into ALK, PE down to low 30's is still a bit high.
But it does produce gold, is profitable, and has fallen a fair way from highs.
Gold price creeping up, so looking for a quick scalp.
Mick



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mullokintyre
post Posted: Dec 21 2020, 02:52 PM
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ALK lagging all my other goldies.
PE still above 40, lots more sellers than buyers.
Will probably keep lagging.
Mick



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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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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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sent from my Olivetti Typewriter.
 
 


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