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)
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
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.
Tomingley celebrates 500000 ounces milestone
Probably my favourite chart:
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