ALK, like many gold stocks currently is down trending on the charts (since mid-Oct). It failed to hold Support around 69-70c. No short-term bottom has presented itself yet. This often happens with stocks that have a bit of euphoria (which happened after ALK announced the potential for a porphyry deposit). Look at STX/WGO charts now drift, even though they have confirmed one of the largest gas deposits found onshore in Australia. The euphoria has worn off and the charts have topped and Stage 4 declines look set to gather momentum.
Thank you for your thoughts. Used to have this stock at 25c. Sat there for so long I gave up. I don’t think it will return there unless their current discoveries turn sour.