Alkane ALK TakeOver Target?
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     dug
Member
Username: dug
Post Number: 3012
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Saturday, March 29, 2008 - 11:48 am: |  
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As the Word is for Gold Juniors is their possibility for TakeOver,I'm trying to pick some candidates and ALK is fitting some Criteria for TakeOver Chance.
Namely it is involved with another listed Company in Joint Venture ie Newmont [NEM] with a $304 mil Market Cap.This,as far as I know,is one of the 'Indicators" of Possible TakeOver ie already has an Industry Partner.
Isn't this the angle to the LST/IRN ploy?
Anyway,a brief blink at ALK news shows Headlines of Gold Grading Improvements.
A Chart Read shows the Going is Good in that ALK is not suffering dump/downgrading at present.
I looked at the Qtrly[not the recent Annual Report] and ascertained ALK has/had $6.5mil in Bank against a $1.4 mil Cash Burn Qtrly.ALK seems to get paid by NEM for Drill Results.
So on first glance Alkane seems worthwhile spending some time on "investigating".
Even if TakeOver doesn't happen,ALK still looks like a Goer.
Seems pretty controlled,sedate even,hey? Does that mean it has "Beyond Sharpie" shareholders who know the Gold Game and how to pick "d'Worthwhile"?
There are too many FACTS in things like Assay results in Gold Minering Juniors.Too often Good Grades etc do NOT result in Share Price Solid Movement.
Considering it is ShareMarket Lore that a diversified portfolio say for DIY Super should include some Gold Exposure,I'm hoping to identify the Best Chances amongst Emergers from the current kerfuffle.
So far it's IGR with ALK and maybe HEG.
anyway enough for today.
Even 'til Jaded.
Dig for the sake of it.
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