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Business Description: Alkane Resources Ltd (ALK) is a minerals exploration company, primarily engaged in gold and other rare earth minerals projects in the central west of New South Wales. ALK currently focuses on its flagship projects, Tomingley and Dubbo Projects, in New South Wales.
Strategy Analysis:
Alkane Resources reported negative cash flow of $3.69m for quarter ended 31 December 2011. Operating cash flow for the period was $(3.56m). Payments for exploration and evaluation were $(2.32m). Investing cash flow was $(131,000). Financing cash flow was nil. Cash in hand at the end of the quarter was $9.52m.
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