ALQ 3.19% $16.16 als limited

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  1. 7,719 Posts.
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    Well I bought too early, and then I bought the dip - I think this is very good news - and makes it more likely this co will survive to have more periods with a ROE in the high teens, low 20s. Eventually the SP will probably be back above $10, as long as you are willing to be patient. In fact - they have done a lot of cap ex, and probably don't need to spend up for a while - so cashflow could be even better than ever before.

    I noticed there was a possible iceberg buyer at 480 earlier, and suspected it was disabled by a shorter jumping to 479. So under 480 - I felt that it was a matter of time before the bidders re-asserted themselves.

    Good luck all the same - you'll need it in this resources market - lol
    Last edited by CaptainBarnacles: 16/01/15
 
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