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 > »    
 
  
Reply to this topic

ALK, ALKANE RESOURCES LIMITED
mullokintyre
post Posted: Jul 29 2020, 11:47 AM
  Quote Post


Posts: 2,647
Thanks: 945


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



--------------------
sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Jul 29 2020, 10:29 AM
  Quote Post


Posts: 2,647
Thanks: 945


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



--------------------
sent from my Olivetti Typewriter.
 
nipper
post Posted: Jul 28 2020, 10:07 AM
  Quote Post


Posts: 7,317
Thanks: 2514


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




--------------------
"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
  Quote Post


Posts: 2,647
Thanks: 945


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



--------------------
sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Jul 15 2020, 10:07 AM
  Quote Post


Posts: 2,647
Thanks: 945


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



--------------------
sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Jul 10 2020, 03:02 PM
  Quote Post


Posts: 2,647
Thanks: 945


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



--------------------
sent from my Olivetti Typewriter.
 

Featured Stock Stories





mullokintyre
post Posted: May 20 2020, 09:50 AM
  Quote Post


Posts: 2,647
Thanks: 945


ALk announced that it will deffinitely go ahead with the demerger of ASm(its REM prospect), and become a pure Gold production company.
Not sure whether I like this idea or not.
I had originally bought into Alkane for its REM assets, the gold part was an added bonus.
I always assumed the gold production would be used to pay to set up the REM side of the business.
It seems not to be the case now.
Given 20 mill in seed money to get it going.
ASM will then need to start arranging finance for the project.
Might be a tad difficult in this market, but with strategic demands for REMs outside of China, it may yet get off the ground.
Shareholders get 1 ASM for every 5 ALK.
So do I sell out a portion and buy more ASM on market when they hit, or do I keep my powder dry??
Will wait till i get the demerger booklet before I decide whether to bail.
Mick



--------------------
sent from my Olivetti Typewriter.

Said 'Thanks' for this post: nipper  
 
mullokintyre
post Posted: Apr 29 2020, 09:57 AM
  Quote Post


Posts: 2,647
Thanks: 945


Quarterly report out today shows guidance for full year unchanged, with plans for a smooth transition to mining/production at Boswell and tenements further south.
ALK at an interesting intersection.
The ADR's in Canada Exchange are being converted to underlying shares, and owners have until Jan 2021 to complete transactions.
The REMS section of its business is planned to be siphoned off into a separate entity (ASM) and listed on the ASX in the September quarter this year.
It will leave ALK as a purely copper/gold production entity.
Not sure how all this will play out, theres a fair bit going on, but will keep my stake until something comes along to urge me to offload.
Mick



--------------------
sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Apr 22 2020, 10:52 AM
  Quote Post


Posts: 2,647
Thanks: 945


And down the snake it goes.
Had a low ball order at 71 partially filled on the open, much to my surprise.
Don't know why it got crunched, had some more good drilling results out today, but the market seems to just be weird ATM.
mick



--------------------
sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Apr 14 2020, 12:53 PM
  Quote Post


Posts: 2,647
Thanks: 945


In Reply To: mullokintyre's post @ Apr 9 2020, 09:35 AM

Now I am getting excited.
Up 20% today.
Took some profits off the table, too good to pass up.
Still have a few, so don't mind if it goes up further.
Looking to surpass the 1.15 high from earlier this year before the virus hit.
Mick



--------------------
sent from my Olivetti Typewriter.
 
 


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

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