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Last edited one year ago
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#Bear Case
stale
Added one year ago

Further smackdown for ALK courtesy of MSCI Australia rebalance

Check if your stock is on the list to to see why your holdings underperformed or outperformed.

Bit of a shock PLS and IGO is there and explains the lacklustre performance this month (I nearly bought IGO)

6887996369c488aa0744453ec8d7b1776ec5d5.png

#Management
stale
Added one year ago

Notice came out that Gandel reduced his holding in Alkane

Done the same late in the week and no longer hold given the price has been underperforming other goldies at present. Plus had the feeling he was selling given he tipped more money into ASM on the recent capital raise.

Still keeping on my watchlist to see how Boda/Kaiser shapes up and Tomingley extension approvals as well.

#Business Model/Strategy
stale
Added one year ago

Edison Broker report

4A1381B2-D927-8F23-F1B134A5CFB62616.pdf

One of my underperformers here and IRL. If it wasn't for ALK I'd probably be outperforming the ASX.

Weather could be impacting underground operations due to all the rainfall in NSW West and South West.

[held]

#ASX Announcements
stale
Added 2 years ago

Gandel just sold 19m of shares in a large cross trade to raise funds for his personal takeover of Alliance Resources.Probably could not get those funds through debt channels so had to sell some ALK shares as a result.

Not sure who the buyer of those shares were though.

Held

#Company Presentations
stale
Last edited 2 years ago

To add a bit of context on the Boda resource estimate and what it means, there is a useful chart in the presentation representing tonnage versus grade

3d774f0820cc2e8039ecaa6d9acf62d929c55f.png

Basically the chart shows that at high tonnage, the grade is low (around 0.51g/t) at 0.3g/t cutoff grade (which implies higher capex). But as we move across and cutoff increases, the grade is higher but tonnage is small so resource will be smaller than before at the 0.3g/t cutoff.

You could also put the numbers in excel and it will clearly show the MRE numbers trending down as the cutoff increases..

This chart would explain be why share price did not move much on the announcement. Nevertheless it presents a good picture of the challenges faced at Boda to find a way of getting the grades or tonnage increased compared to the cutoff.

Held.

#ASX Announcements
stale
Added 2 years ago

Tomingley celebrates 500000 ounces milestone

Probably my favourite chart:

c64e03c5bfd0b2058ee6695630bb02c812b4c8.png

Still remember when my mum bought and sold at a loss in FY10 during the Rare Earth bubble. But when talking about gold and mining in the Dubbo region with a friend from Lithgow, my first thought was Alkane and Regis so I bought Alkane again when it was literally in the dumpster in FY18 even with the Dubbo RE project. Definitely full circle for me.

Made up for Mum's loss and then some with the free ASM shares

I probably owe my friend a drink or two as well!

Still Boda to look forward to as well.

Held

#Business Model/Strategy
stale
Last edited 3 years ago

Noosa mining conference recording

https://vimeo.com/575239796

Updates

Upgrading mill for production ramp up for Fy24 and beyond at Tomingley

Boda results expected to Mid-July early august.

Shorted stock reduced by 50% to date after initially being top ASX shorted stock!

 

held

#ASX Announcements
stale
Added 3 years ago

Tomingley Mine Life Extended Beyond 2030

Alkane’s Roswell and San Antonio Resourcesto be mined as part of an expanded Tomingley Gold Operations that extends the mine’s life to at least 2031

Alkane’s lifeof mine (LOM) plan incorporates the defined Roswell and San Antonio Resources (refer ASX Announcements 4 November 2020 and 16 February 2021), to be mined by both open cut and underground, beginning in FY23

This current plan shows the production of approximately 745,000 ounces of gold(ozAu) for the period, with processing ramping to a 1.5 million tonne per annum feed rate

The planned production profile (averaged for each period) is:

• 50,000–60,000ozAu per year for FY22 & FY23;

• Production escalating from 60,000 ozAu per year through FY24to;

• 100,000–115,000ozAu for FY25 to FY27;and,

• 55,000 –65,000 ozAu for FY28 to FY31

The expected AISC over the LOM period is A$1,350 to A$1,450per ozAu

Substantial upside potential exists to extend the Roswell underground and maintain production over the FY28 to FY31 period at or near FY25to FY27 levels, and beyond

This is old news but thought I'd share

https://investors.alkane.com.au/site/PDF/6fdfebf9-0c01-4558-a60a-4bddd7c67d71/TomingleyMineLifeExtendedBeyond2030