Interesting article in Investorintel.
https://investorintel.com/sectors/technology-metals/technology-metals-intel/alkanes-golden-moment/
Lasts para:
"The issue now is whether the gold division might be even more gainfully employed as a big hit capital generator by being spun out. Such an action would give existing shareholders a payday, raise capital for Alkane and make the separated gold entity self-funding for its own exploration efforts.
Much depends on how the gold markets and AUD evolve over coming months."
From what I am reading the price of gold could well go up this year. But as usual there are so many variables. After the AGM in Sydney last year I immediately sold half my holding, buying back a similar amount of shares last week. I think long term, not in geological time, but rather months, I have a short attention span, Alkane could pleasantly surprise us as a sound investment for the future. (Months and developing over a couple of years)
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