ALY 0.00% 0.7¢ alchemy resources limited

I believe the fall in price is due to profit taking from those...

  1. 11,111 Posts.
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    I believe the fall in price is due to profit taking from those holders who had shares released from escrow .Their purchase price must have been tiny and they would still be making a profit selling at today's price .That said the next few weeks represent a great buying opportunity for the newer holders .Remeber that ALY control a large area of the Jenkins and other fault lines as well as a large slice of Narcoota volcanics .The key is of course the VTEM survey and subsequent drilling to follow .They have the cash ,the approvals so no native title delays and the Hermes deposit which can and will be mined i think this coming year .Their MOU with Barrick means that processing ore is not a problem .I hold and will continueto hold and buy more as the price falls ,for now sitting with my finger on the buy button waiting .
    To put it into perspective .......imagine being able to buy something in the scale of SFR' deposit at 65 cents a share .I note with interest that TLM recently acquired a small lease on SFR's western flank .
    Remember also that the Doolgunna area seems to be out of the spotlight for now and most companies in the area have fallen by 20 to 40 % off their highs ,the general market is also down off it's highs and will be i think until this festive season is over .This company can and i think will turn around in the blink of an eye .It depends on a holders time frame if you are thinking short term ,less than 2 months .......time to bale out. If thinking 3 to 6 months time to hold or buy
 
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Mkt cap ! $7.068M
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0.7¢ 0.7¢ 0.7¢ $10.39K 1.484M

Buyers (Bids)

No. Vol. Price($)
6 1560826 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.8¢ 2806724 7
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Last trade - 15.10pm 03/12/2024 (20 minute delay) ?
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