Perhaps I am a bit grumpy this morning, but this announcement...

Perhaps I am a bit grumpy this morning, but this announcement annoys me.
ALK did have liquidity of approx $95m on March 31st, but... it does not now. They have $7.7m less, so more like $88m.


As for the restructure of the hedging, it's a bittersweet update. Yeah, great to get more gold sold into spot in the near term, but....................
This comes at a great cost over the longer term. Especially when you look at the forward contract prices.

In any case, it's done. Now ALK and Nic needs to step up and provide shareholders with the clarity they want and deserve regarding production, guidance etc. I think most are accepting that there are price increases, and that they are likely to have to modify the LOM plan and the highway diversion, but what they also want is not to be left in the dark. The company surely has internal plans in place for all of the above, yet, no real discussion of any sort has occurred with the market.

To end with a positive... of sorts. I noted that Cadia, was a large copper gold discovery which sat for many years, before... it became what it is today, because.... a higher grade discovery was made nearby, which transformed the projects economics. @Antipater_100 has been banging on about this for a while now, but I needed an example to crystalize how important it could be to Boda/Kai. Perhaps others might know more about to better summarize what happened. Though in saying that, from my meager understanding Boda/Kai is already able to justify development.