snippets from 1980 mining review journal. ALK Exploration...

snippets from 1980 mining review journal.

ALK Exploration (Terrigal)NL
Directors F.H.Lean(chairman)M.A.Mayger (secretary)R.M.White
1979 4,706,281 fully paid 50c shs & 4,733,745 50c shr paid to 10c
Dec 1977 co had shareholders funds $149000.

Sh/pr movements ALK did break thru $1 in 1970 however for most of 70,s shs traded below 10c level.
From 1978 low 4c rose to 40c due to strong buying pressure from institutions & nominees.
From late 1978 to late 1979 shs traded in the 18c to 20c region reaching 24c in sept 1979.

activities in 1978 directed towards oil,gold,diamonds.

Alk started its life as a oil explorer holding offshore leases in the Sydney basin, 10% in wa80p in west Australia Otter Exploration main holder.
Diamonds 20% interest with Carr Boyd Minerals in West Kimberleys along with a number of interests
in other company's operating in the Kimberleys.
Gold,1/3 interest in a consortium comprising Alk, Golden Plateau NL and others. Consotium can earn up to 80% interest in exploration applications covering areas in central NSW.
Up to sept 1979 Alk realized sh trading profits exceeding $100,000.

I hope the next qtly is more up to date,esp in regards to financing DZP.