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ALK - Alkane Resources

Discussion in 'Stocks 0-H' started by rub92me, Sep 5, 2006.

  1. rub92me

    rub92me Don't look back

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    Surprised that I couldn't find an existing thread for this one. I have been holding them for about 9 months now. Bought for 0.21, ticked up nicely for a while and then it crashed in May. Did some more research and decided that I still liked it so kept holding and bought some more in June for 0.14. Has been going up steadily for the past 2-3 months and now around 0.24. I like their longer term prospects...
     
  2. MalteseBull

    MalteseBull Well-Known Member

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    Re: ALK - Alkane Exploration Limited

    Significant Gold Intersection out today..

    worthwhile looking at
     
  3. MalteseBull

    MalteseBull Well-Known Member

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    Re: ALK - Alkane Exploration Limited

    i forgot to mention that most of their base metal results have not been released either so when they are this will give a better indication of where the company is headed...
     
  4. rub92me

    rub92me Don't look back

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    Re: ALK - Alkane Exploration Limited

    Does anyone see this one on their radar yet, or is it just me? Would be interested in the chartists' view on this one...
     
  5. kennas

    kennas hoarding tinned food

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    Re: ALK - Alkane Exploration Limited

    Broken out, on volume. Looks good. Hope you had this yesterday?
     
  6. fleathedog

    fleathedog Active Member

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    Re: ALK - Alkane Exploration

    Seems not many watching this one. Had a top day today!! Still only very small but got huge potential IMO.

    BC iron has been a big winner for them. They could have got a lot more value by raising money internally but in terms of getting a non core project moving quickly it has worked extremely well. They now have a valuable and (relatively) liquid asset in listed shares.

    The zircon project looks like THE project that'll turn this into a 10 bagger. I'm really looking forward to seeing the pilot plant results. Interestingly, they have uranium as a significant resource along with the other minerals. In the current frenzy over U this one seems to have slipped under the radar. It's only going to be a by product (if they are allowed to extract it).

    Their gold project is small and high cost. But I like that coz it gives much more leverage if/when the gold price moves up again.

    On top of that, they have what could be a very promising gold and zinc prospect in JV with Newmont. They are getting some very wide intersections of gold and zinc and have an agreement that will free carry them to a 20% interest if/when it goes to production. Majors like this don't get involved with cowboys so I think this is a very good reflection on management.

    I'm sure you've all heard enough of my blathering!! Good luck all :)
     
  7. BraceFace

    BraceFace Well-Known Member

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  8. danewbee

    danewbee Member

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    Re: ALK - Alkane Exploration

    TLK is a company goes nowhere in the past ten years, and maybe in the next 10 years if it still exists. The management has very limited credibilty.

    I heard that the Dubbo project could be 10 bagger, 5 years ago, then 3 years ago, and then 1 year ago, just check the share price, opps, still no bagger.

    Anyone hopes Dubbo project could be 10 bagger, just think carefully. There is no shortage for it in Australia, and in the world. And Dubbo's resources is radioactive, it will cost any company a lot to remove the contiminations. It is only a good project for scientists, not a project to make you 10 bagger.
     
  9. BraceFace

    BraceFace Well-Known Member

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    Re: ALK - Alkane Exploration


    Is that because the share price hasn't done much and you haven't made any $$ on them, or because of something else you might like to share with us?
     
  10. danewbee

    danewbee Member

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    Re: ALK - Alkane Exploration

    BraceFace, are you an American? Because you assU&Me. How do you know I haven't make any $$ on it? and how dare you accuse me have inside information? It is serious accusation. They might put me in jail in Australia. We do things differently here, and no lawyer can save me no matter how much money I will pay. And we cannt bribe government by doing the "we neither admit nor denial" either. Just kidding, after two 6-pack, I can say anything I want, right?

    Let's back to your question. I make very good money on ALK by doing just one thing, never buy it. You know every cent I saved I invested in PDN, and SMM, CMR, OXR, LHG, CDU, CBH, JML....

    But I like to listen and read how the MD and Chairman bullysheet from time to time. Changing stories from time to time. You don't need inside information about the weak management. It has written on the MD and Chairman's face all over....

    OK, I do have an advantage, I used to live in Dubbo and Orange area. Now you know why I still care about ALK.

    There is another company you might be interested, ORO. They have operation around the same area. I know there is a lot of gold around Sofala, not far away from Orange and Bathurst. I used to dig gold along the creek every weekend. A family was running a joint on the road side. These gold became my prize collection, and my hard currency just in case the downunder is invaded. I can show ORO where to drill. I still remember all the sweet spots....

    Cheers...
     
  11. BraceFace

    BraceFace Well-Known Member

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    Re: ALK - Alkane Exploration


    OK then, judging by that response you have no creditable information to add to this forum regarding Alkane. Just because you used to live in Dubbo counts for diddly.

    I live in Perth(not the US) - does that mean I know everything that's happening in the greater Perth area. No.

    I do know a bit about the Mineral Sands industry as well as the chemistry involved in extracting Zirconium and Hafnium as well as the other rare earth elements. This is what Alkane are doing at the moment in your old town.

    Hafnium has a huge potential in the semiconductor industry. In a few years, it will completely replace Silicon Dioxide as the major component of intergated circuits, just like the ones on your PC my friend. See my previous link......

    That's worth paying a little attention to.

    As far as Alkane's Gold prospects go, that's not what I'm interested in. If I want to invest in Gold, as you point out, there's a lot of better positioned companies out there than Alkane.

    As far as ORO go, you're a bit off track again . They are a Western Australian gold/nickel exploration company with tenements in and around Kalgoorlie. Nothing in Dubbo - check out their website
    www.oroya.com.au

    By the way - who is going to invade us?!
    Can you send me some of the stuff you have been smoking!
     
  12. tomcat

    tomcat Well-Known Member

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    Re: ALK - Alkane Exploration

    Guys,

    Appears to be some support for this one at the moment...anyone have any speculation as to why, I think inside trader has tipped it and mentioned that one of the directors recently purchased almost 1/2M.
     
  13. rub92me

    rub92me Don't look back

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    Re: ALK - Alkane Exploration

    No idea what exactly is going on, but I noticed a few things:
    1) A big transaction of 5 million shares @ 25.5 cents on 24 Jan
    2) From 25 Jan, someone stuck in a buy order of 1 million shares @ 0.25 which held up the share price for a while and took about a week to fill.
    As long as it is heading up, I'm not too fussed about it ;)
     
  14. mmmmining

    mmmmining Well-Known Member

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    Re: ALK - Alkane Exploration

    Which company is sitting on 10,000t of U3O8, and cannot extract any value of it? US$2b worth..

    I am studying ALK purely for my holding in CMR because CMR keeps mention it for an interests on the gold project.

    Well the latest proposed options for executives are very modest, exercise price is 25c and 30c, comparing all existing out of money options between 45c -and 60c. The board are getting smarter :sly:

    This company has constant promising things, and keep promising things but hardly anything has happened. Maybe the last person believe the story has gone.

    This is the time I start to believe it, or not. I believe the lady luck might return to ALK this year or next.

    Old news, keep promising, without result:
    -Definitive Feasibility Study at the Tomingley Gold Project; and
    -Trial Plant for Dubbo Zirconia Project
    -With $5m in the bank;

    New development:
    -$6m investment in BCI;
    -JV with Newmont having significant gold and zinc discovery, could be very big in the region.

    I am just fancy a possibility, if they can export the Zirconia ore to China or India, so they can process it, and extract uranium along with other good staff as wish.

    We can export iron ore, why not sands?

    Technically, it has a support level at 20-22c.

    The conclusion is ALK is a very difficult stock. It needs some luck to get the SP up. Very high risk. But the rewards might be huge. The only question is When?
     
  15. sleeper88

    sleeper88 Well-Known Member

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    Re: ALK - Alkane Exploration

    correct me if im wrong..uranium mining or extraction is banned in NSW, any chances of that changing?
     
  16. mmmmining

    mmmmining Well-Known Member

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    Re: ALK - Alkane Exploration

    It is banned totally. But it is a Zirconia project with uranium contamination. It is not banned for mining zirconia. If it is shipped to another part of world, who cares what are going to do with it?
     
  17. YOUNG_TRADER

    YOUNG_TRADER Well-Known Member

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    Re: ALK - Alkane Exploration

    I heard from a mate that they have to actually put the U back in the ground, I remember reading this somewhere too, that they aren't allowed to remove the U, as such they probably aren't allowed to dig it up at all.
     
  18. mmmmining

    mmmmining Well-Known Member

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    Re: ALK - Alkane Exploration

    NSW does not have much radioactive staff, so the government decide to ban it all together. Smart politicians. Poor state citizens.

    My suggestion to ALK is to ship out the Mineral sands without processing in the name of Zirconia. The processing is done by an non-related party. If they decide to extract the uranium as by products, it is their business.

    If they can put it on a train/ship, and can sell the ore for US$20 to US$30/t, bingo!
     
  19. rub92me

    rub92me Don't look back

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    Re: ALK - Alkane Exploration

    ALK is on the run again today after drifting back to 21 cents over the past couple of weeks. Nothing spectacularly new in the presentation/interview as far as I could see, but the market seems to like it :D
     
  20. BraceFace

    BraceFace Well-Known Member

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    Re: ALK - Alkane Exploration

    More movement in recent days...
    Peaked at 26c today.
    Somebody is showing some interest.
     
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