ALK - Alkane Resources

[BraceFace]

Re: ALK - Alkane Exploration

From the June quarter report;

DUBBO ZIRCONIA–BENEFITS FROM CHIN AACTION
␣ Product prices for zirconia and rare earths are expected to increase following action by China to remove the 5% VAT refund on zirconia exports and reduce rare earth export quotas. This news reinforces the strategic significance of the DZP in global markets
␣ The DZP is one of the world’s most advanced developments for zirconium, niobium, yttrium and rare earth production
␣ The Demonstration Pilot Plant continued to operate during the Quarter, trialling process innovations and improving product quality
␣ The Definitive Feasibility Study has been fully reactivated and is scheduled for completion in early 2011

Market seems to have liked this - up around 33-34c now

 

[Slipperz]

Re: ALK - Alkane Exploration

The research report by edison investment research has put Alkane on a few radars of recent...mine included.

Decided to buy a parcel for the SMSF for the long term ( I especially like the look of the projected dividend stream).

It's going to be a while to wait but REE's and gold should be appreciating in value as the project goes forward.

http://www.alkane.com.au/reports/broker-media/brokers/20100723.pdf

 

[Southern X]

Re: ALK - Alkane Exploration

Don't know if this was posted before, but a report by: www.emergingtrendsreports.com was published in April.

Always thought ALK was undervalued, still do.

SX

 

[BraceFace]

Re: ALK - Alkane Exploration

Well there's been quite a frenzy over ALK recently.
ASX speeding ticket on 5th August and up again today to 44c.
This may be why:

Source: News Bites

Alkane Resources Ltd said a recent recommendation from an independent publication may have caused the recent rise in the company's share price. The ASX sent Alkane a formal query after the company's share price rose from $0.355 on August 4, 2010, to a high of $0.415 during trading today. Alkane said whilst it had no information not yet released to the market, it had learned that a publication called Australian Small-Cap Investigator had recently given the company a strong buy recommendation. The company stressed that it had no input into the article.

Either way, the rare earths story is worth watching.

I am now regretting selling at 35c a week or two ago!

 

[BraceFace]

Re: ALK - Alkane Exploration

Flying. Up another 12% today.
I am surprised about the lack of interest in this company.

 

[bandicoot76]

Re: ALK - Alkane Exploration

wow... alkane is having a great run the past few days! up 16c in the past week! nice

 

[stefan_invester]

Re: ALK - Alkane Exploration

Hey guys, Just wondering what some peoples thoughts are on todays
action on ALK
was it just a retracement? or something more seriouse?
cheers

ive mad a chart of what where imo ALK may be headed.
i am not the best chartist out there, so please feel free
to correct me, or give any scrutiny, we are all just here
to learn.
x

 

[BraceFace]

Re: ALK - Alkane Exploration

Hey guys, Just wondering what some peoples thoughts are on todays
action on ALK
was it just a retracement? or something more seriouse?
cheers
x

I think a consolidation stage.
Rare earths story is fascinating the market at the moment (See LYC, ARU) and a lot have people have been on the train. They may now be looking at locking in some big profits.
More upside once Dubbo goes on line.

Look out for PEK (Peak Resources) - see my post over there. It is the next potential player in the Rare Earths Story and may be the next bolter.
I predicted ALK would bolt (see my previous posts on this thread) so I have 100% success so far.
Watch PEK very closely....

 

[jancha]

Re: ALK - Alkane Exploration

I think a consolidation stage.
Rare earths story is fascinating the market at the moment (See LYC, ARU) and a lot have people have been on the train. They may now be looking at locking in some big profits.
More upside once Dubbo goes on line.

Look out for PEK (Peak Resources) - see my post over there. It is the next potential player in the Rare Earths Story and may be the next bolter.
I predicted ALK would bolt (see my previous posts on this thread) so I have 100% success so far.
Watch PEK very closely....

Watch PEK as the next bolter?
What the difference between ALKs chart & PEKs.
Looks as if it's already bolted Braceface.

 

[stefan_invester]

Re: ALK - Alkane Exploration

I think a consolidation stage.
Rare earths story is fascinating the market at the moment (See LYC, ARU) and a lot have people have been on the train. They may now be looking at locking in some big profits.
More upside once Dubbo goes on line.

Look out for PEK (Peak Resources) - see my post over there. It is the next potential player in the Rare Earths Story and may be the next bolter.
I predicted ALK would bolt (see my previous posts on this thread) so I have 100% success so far.
Watch PEK very closely....

hmm true, but how long do you think this consolidation stage will last?
and when is Dubbo due to go online?
cheers

 

[bandicoot76]

Re: ALK - Alkane Exploration

ALK are going to use the revenue created from the tomingley gold mine to fund construction of the dubbo R/E project, construction on the tom. gold mine starts mid next year,
ALKs R/E pilot plant @ lucas heights has produced sample batches of their product to send to manufacturers both local & overseas and they are working on refining the process to further value add their end-line products.
i live in the region that ALK has a mojority of their ore bodies and have been following (and investing in them) for many years now,
they are well under the radar of the market and i believe that in the next few years they will really shine... especially the 'cash-cow' farm in with newmont on the macphillamys tenement... HUGE POTENTIAL!

 

[stefan_invester]

Re: ALK - Alkane Exploration

Hey
im not to good with announcements, so can
anyone tell whether or not todays announcement
is a good one or not?
the price closed above the lows of the day, so might be a good sign imo
TIA
Stefan

 

[BraceFace]

Re: ALK - Alkane Exploration

Watch PEK as the next bolter?
Looks as if it's already bolted Braceface.

You care to reconsider your statement?
PEK up over 100% since Sept 27c
Hate to say it - but I told you so!

Picked ALK way back (on this thread), picked PEK (on this thread, LYC thread and PEK thread).
2 for 2.

ALK still on the up.

Now go have a look at ARV and see what you think.
See if we can make it 3 for 3

 

[flee]

Re: ALK - Alkane Exploration

ALK has pulled back heaps in the last 2 weeks. Must've been greatly overvalued on the Rare Earth hype.

 

[goldradar]

Re: ALK - Alkane Exploration

Something spooked the market. Still a good long term play IMO. Pullbacks are all just part of the game.

 

[stefan_invester]

Re: ALK - Alkane Exploration

ok if you ask me, this is kinda of radiculous IMO
this is a huge pull back from the high of 1.19.
and if you as me, also IMO there is nothing wrong with this company..
there are some bad as people doing some sneaky things here...

 

[Agentm]

Re: ALK - Alkane Exploration

stop loss shake down

its great pickings really, when you think its all being flushed out atm.

you could get around .73 today easy

top up time

 

[stefan_invester]

Re: ALK - Alkane Exploration

yeah true when you think about it.
but now it feel soooo far away from the 1 dollar mark.

 

[brerwallabi]

Largest volume for a long time in this, over 6 1/2mil before market closes.
Check the volume out.
The smart money might be soaking this one up as stop/losses hit and weak hands sell off.
Fundamentals are brilliant bought back today.

 

[pedalofogus]

Yeah, trailing stop has been hit for ASCI subscribers, and it appears they (along with others) are getting out in a big way. It's one of the downsides of being featured in those investment newsletters.

Agree with previous posts that the fundamentals are still great. Good opportunities to get in or top up holdings.