This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

ALK - Alkane Resources

Jump to new
mr. jeff said:
Boggo - looks like you really nailed that trade last year, well done - I was well off the mark there.
Now what are your thoughts - consolidation, nothing of interest yet ?

Cheers.
Click to expand...

Sorry mr.jeff, I completely missed your post until just now.

I have gone long again at 1.34 today, both a daily and weekly (chart below) signal on my MS system.

(click to expand)
 

Attachments

  • ALK W 240212.png
    42 KB · Views: 18
A bit of rejection last period, but it has coverd the gap back in september...looking good
 
ALK returning to strength ?
Looks like potentially moving above that serious area of resistance.
Not sure where projects are up to, but from memory

$107M cap raising with "very strong" interest, at 1.10 on 6 March.
Removal from ASX 200 during current rebalance 2nd March.

Dubbo Zirconia progressing well with some parties signed up.



Looking at 1.90 next if this moves.

Watching. Can anyone add more info on what is happening on the ground ?
 
Following on from my stock tipping competition choice of ALK, hard to say if the rise will replicate June/July 2017 and a month hold for the comp. probably won't work out as prices doesn't adhere to monthly time frames in movement. Highly recommend disregarding my stock comp. choice.
 

Attachments

  • Untitled.png
    64.6 KB · Views: 11

Nice move north today on no news. Almost 19 million shares traded and an increase of 16.28% to finish the day at 25c. Is there news expected soon? I haven't gone through the recent announcements so I'm not sure. Today's volume is huge compared to any other day this year.

Looks like the bottom was in at 18c.

 
I got a email today from ProTrader recommending to acquire upto 25c. This might account for some of the volume.
 
Hmmm, something afoot .... or is it aleg.
 
I really loath pump and dump stocks. They are a setup and lack ethics in my opinion. I have watched them with horror over the years listening to the poor souls who think they are on a winner only to see the price fall away with them still "holding the faith" and trusting the "fundamentals" (aka spin and cow manure). This is why I like charts, I can see what has gone on from all their years of past history.

I always suspected the big volumes or spike may be the buy in, to use later to slowly sell the price up with a ripper yarn. Once they are out of stock, well the sale is over and it will slowly fall back. Or there could be another scenario, where one company buys stock and gives it to another company who then loans money using shares as collateral to our company who then announce they have a great loan on which they can start mining for say....93 years supply of Pyrite in Woy Woy and isn't that exciting and don't you want to be in on it?

Anyway, who knows, enough of my fantasizing....

You might like to glance at this notice on the ASX if you do fundamental stuff and can understand it...too hard for me being a chartist and dyslexic, but it might explain the vol spike for those that understand this stuff!
14/11/2018
8:27 AM
Change of Director's Interest Notice

7 pages
384.6KB

Good trading and now for a chart for ALK which goes back around 27 years.

 
what do people think of this stock? potential good Rare Earth company given the "trade war".
 
joeno said:
what do people think of this stock? potential good Rare Earth company given the "trade war".
Click to expand...
I believe this is an excellent growth stock.
Please also review the report published on ASX this morning.
The company has exceeded the upper limit of production. The real challenge is 0 7 gm gold per ton. Still it managed to produce lesser than $1000 per oz. With great turn around on DJ last night I am hoping market to cheer with Alkane holders.
But who knows if market hsn already the good news.
I hold.
 
ALK powering ahead since last week's two announcements:

June 5 - Gold production for FY19 at the Tomingley Gold Operations is expected to be approximately 48,000 to 49,000 ounces, which is above the upper range of previous guidance range of 42,000 to 47,000 ounces. Cost guidance for FY19 has reduced as a result to $950 to $1,050 per ounce.

June 6 - Alkane Resources through its wholly owned subsidiary Australian Strategic Materials Limited has executed a binding agreement with South Korean company Zirconium Technology Corporation to fund the final stage research and feasibility in relation to a clean metal process to convert metal oxide – including key Dubbo Project metals - to metals of high marketable purity.

ALK has convincingly broken through the previous high of 35c today and is currently trading at 38c, up 11.76% on Friday's close. Volume is increasing and supply looks to be drying up.

 
Great update. I am not complaining with my holding
 
Miner said:
Great update. I am not complaining with my holding
Click to expand...

More good news announced yesterday Miner.

Significant gold mineralisation has been confirmed by RC and diamond core drilling between the Roswell and San Antonio prospects, showing a continuous strike length of 1,600 metres of gold mineralisation located within 4 kilometres south of the Tomingley Gold Operations (TGO) processing facility.



Some great results there and the ALK share price has been firing up yesterday and today following the announcement and is currently trading at 43c, up another 7.50% today.
 
Thanks mate. Hopefully this gain would compensate my losses from pathetic CGC.
 
Miner said:
Thanks mate. Hopefully this gain would compensate my losses from pathetic CGC.
Click to expand...

@Miner hope you saw the announcement from ALK yesterday, a pretty significant Cadia style gold copper drill result



Price has reacted strongly, every discovery starts with the first drill hole, it will be interesting to see how this plays out

 
@Padowan
to be honest, I did not see the announcement first but saw the prices were jumping and then checked the announcement. Happy holder and it is always the question of why did not buy more earlier. Well, I asked myself the same question why did not sell off SYR! One hand takes and the other hand gives.
Could there be anything else would also happen with ALK? the grades of gold and or copper reported are actually nothing extraordinary IMO. Who knows what punters are putting the money for. Not complaining however.
 
You must log in or register to reply here.

Similar threads

April 2024 DDD
3 4 5
Replies
98
Views
9K
ducati916
February 2025
2
Replies
33
Views
2K
ducati916
ZYAU - S&P/ASX 300 High Yield Plus ETF
Replies
0
Views
1K
divs4ever
Abolishing Abortion in the US
Replies
8
Views
2K
basilio
PGOL - Patriot Gold Corp (Royalty Company)
2
Replies
30
Views
7K
TacoTed
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...