ALK - Alkane Resources

[Dona Ferentes]

When I settled end of the day to post the same as above, noticed, you have already posted. Good work and it saves my effort too
Nonetheless, ALK rose good level today after the announcement.
Reading the company's ambitious project schedule, I am a bit startled or surprised.
https://www.asx.com.au/asxpdf/20200520/pdf/44hyxqhpkbf190.pdf
It will be a world record in the field of Project Management if the key milestones are met and company produces at the design plate capacity so soon and meteoric ramp up..

Happy to help
Yes, it's ambitious, Boda will make or break their ambitions

 

[Dona Ferentes]

Market seems to like the numbers coming out for Tomingley drilling
Significant Thick High Grade Intercepts Confirmed by Infill Roswell and San Antonio Resource Drilling
Drilling to infill the Inferred Resources at the Roswell and San Antonio deposits continues and 44 holes have been drilled for a total of 9,880 metres. The drilling has confirmed continuity to the defined resources.

Alkane is currently preparing preliminary plans for both open-cut and underground mines at Roswell and San Antonio. These will enable finalisation of economic and environmental assessments to seek approvals to commence underground and open-cut mining.

 

[Dona Ferentes]

5 up days, to what are highs for what is now a Cu-Au explorer; nudged $1.27 today. Sensibly the Rare Earths label doesn't apply any more.

 

[frugal.rock]

Alkane Resources’ (ASX:ALK) Tomingley Operations meet 2020 guidance
https://themarketherald.com.au/alka...ley-operations-meet-2020-guidance-2020-07-07/

Gotta love the name of the MD...
Nic Earner

 

[mullokintyre]

Surprised that ALK has not fallen further today.
I got my allocation of ASM shares this morning, so ALK is now a smaller entity than it once was.
Some tenements, land, buildings and 20 mill in cash to the new entity ASM.
You would think that it would be less valuable.

 

[Miner]

Surprised that ALK has not fallen further today.
I got my allocation of ASM shares this morning, so ALK is now a smaller entity than it once was.
Some tenements, land, buildings and 20 mill in cash to the new entity ASM.
You would think that it would be less valuable.

Did you get ASM share allocation by email ?
I could not find one on my in box

 

[aus_trader]

Did you get ASM share allocation by email ?
I could not find one on my in box

I also only have ALK listed in my brokerage account, no ASM shares thus far...

Will have to update the Speculative Stock Portfolio with the allocated ASM shares once they appear.

 

[mullokintyre]

Did you get ASM share allocation by email ?
I could not find one on my in box

They appeared in my brokers account, still there this morning.
They are supposed to start trading tomorrow I was told.
Mick

 

[mullokintyre]

They appeared in my brokers account, still there this morning.
They are supposed to start trading tomorrow I was told.
Mick

And they are now trading. Currently 1.38. I got 13,000 allocated, so thats 17k for nothing. My ALK share holding did not diminish by 17k, so I reckon thats a win.

 

[aus_trader]

And they are now trading. Currently 1.38. I got 13,000 allocated, so thats 17k for nothing. My ALK share holding did not diminish by 17k, so I reckon thats a win.

My ASM shares also appeared in the trading account this morning and ALK shares are still there as usual.

 

[mullokintyre]

ALK report out this day was only so so. The one thing missing was guidance for next year. I rang the investor relations lady and she said that that info will come out about a month before the AGM in November when we get all the glossy pictures , feel good statements etc etc.
Pity, given the cut in production when shifting from open cut to underground mining, I am not sure
whether it was a one off or a new lower level.

 

[aus_trader]

Wish I held onto my ASM share a bit longer, has gone KABOOM since I sold...

 

[frugal.rock]

Just Announced.


High Grade Depth Extensions Identified at Roswell
Below Current Inferred Resource

Drilling to infill the Inferred Resources at the Roswell and San Antonio deposits continues;
48 holes have been drilled for a total of 13,000 metres.

The drilling has confirmed depth extensions at Roswell with intercepts approximately 80 to 100 metres below the base of the previously defined Inferred Resource and confirm potential of the system to extend to depth.

Significant intercepts from the Roswell Deposit at greater depth than the previously defined Inferred Resource include:
RWD037 13.0 metres grading 6.17g/t Au from 484 metres;
incl 5.0 metres grading 11.5g/t Au from 488 metres;
and 2.0 metres grading 3.84g/t Au from 519 metres.

RWD039 16.5 metres grading 4.74g/t Au from 483.8 metres;
incl 1.0 metres grading 21.0g/t Au from 489 metres;
and 3.0 metres grading 13.2g/t Au from 494 metres.
RWD040 22.1 metres grading 5.96g/t Au from 534.9 metres.

It's going to be a super pit.
They nearly own the whole area now, I believe. (Or under contract)

 

[Trav.]

ALK is another goldie that got smashed this week with investors jumping out of gold.

Oversold ? you would think so. Added to the watch list and will monitor the gold price over the weekend.

 

[Miner]

ALK has been travelling very nicely including a spin-off ASM Australian Strategic Materials which rose meteorically.
But sadly ALK has been falling down and down. In January itself the price has dived down by about 20 pc.
It has started bleeding since first week of November 2020 and not sure where it will go.
Any one following ALK, please comment on chart.

 

[mullokintyre]

ALK is not the only one.
Most gold miners have fallen since November.
I think its merely an opportunity to buy back in a t a cheaper price.

 

[Miner]

Having sold out ALK few days, I have been still keeping eye on ALK movement.
Today I just compared the performance of ALK and KLA (irony that both are having opposite sequence of lettering, and their change pattern for the period I have reproduced, is almost similar.

 

[mullokintyre]

I bought back in at 80 yesterday.
Looks a little undervalued to me, especially as the Gold price is creeping up again.
PE of 33 is a bit of a deterrent, so only in for a 20 cents rise.
Mick

 

[greggles]

I bought back in at 80 yesterday.
Looks a little undervalued to me, especially as the Gold price is creeping up again.
PE of 33 is a bit of a deterrent, so only in for a 20 cents rise.
Mick

It dipped a little further after you bought, but it has bounced back nicely today after some good copper-gold assay results were reported.

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.

Two further holes were also reported. One at Boda:

And another at Boda Two:

These results are looking very promising. Could be a big deposit here. Drilling continues at Boda and Boda Two, testing extensions and adding definition to the identified mineralised systems.

Share price has bounced back 19% to 87.5c and looks like it might be heading back to $1 soon if more good assay results are reported.

 

[Sean K]

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.

These results are looking very promising. Could be a big deposit here. Drilling continues at Boda and Boda Two, testing extensions and adding definition to the identified mineralised systems.

Share price has bounced back 19% to 87.5c and looks like it might be heading back to $1 soon if more good assay results are reported.

Some pretty significant widths there but lowish grade, though it is a porphyry. They're trying to compare this with discovery holes at Cadia but you can see the high grade intersections at Cadia were much more significant. Still, looks big!