ASX All Ords performance over last 3 months

Covid 19 pandemic took a big chunk off the value of ASX All Ords. From 7230 peak (21/2/20) to 4562 (23/3/20) over a month. That is a nearly 40% plunge. Even gold fell but I suspect it was sold off mostly to make up for 'shortfalls'; currently rising towards its all time peak.

From its recent trough, it has gone to 5608 (22/5/20), a rise of ~22% from its trough. Our trough would be lower as we invested in mainly non-blue chips. I am delighted that our portfolio has almost returned to its peak. And so I suspect, we have returned higher than 40%, with much to thank Dr Mohammad Choucair. AXE had gone from 13c on 23/3/20 to 54c on 22/5/20; I piled in at 13c with its SPP. And of course, our gold producers (B2G at TSE, EVN, GOR and NST) has over-performed in spite of production fall due to lockdowns. There will be a relapse in the number of Covid 19 cases but hopefully the containment will be more prompt the second time around.

ALK

It has found a big porphyry system and is drilling to confirm its size.  When the grade is good and the layer is thick and not too deep, the market loves it.

But when it digs on the periphery and never reached the end of the deposit, AND the superficial grade is not as good, the investors dumped it.  It is silly because the announcement showed that the grade got better the deeper it is... and it is opened at the end of the drill hole!  That means the grade may be better and the deposit could be thicker!

Am I reading English wrongly?

I was going to top up the next day, looking for suckers who are dumping more of their holdings but someone saw the light!

AXE

Over the year, it appointed two doctorate holders (in quantum computing/technology) to the upper echelon of the company.  Where it once was an explorer, it now wants to focus also on high tech uses of its graphite.

When Dr Mohammad Choucair became the new CEO last year, nothing much happened but I suspected that he must be brilliant to anointed into that position.  Last week, when it was announced that IBM is in collaboration with it, the share price rocketed up.  When it dipped the next day, I took the opportunity to top up.  Today with another good announcement, when I was expecting the share price to drift further downwards (before the announcement), another rocket was put under the share price!

In Nov 2019, I wasn't expecting a full allocation from my full application during its SPP.  It was 13c a share... and today it is 49c, in just 6 months!