ALY 12.5% 0.7¢ alchemy resources limited

Ann: Karonie RAB Drilling Results, page-13

  1. 13,820 Posts.
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    I would have been very pleasantly surprised if this shallow RAB drilling had revealed wonderful grades and/or widths. It's preliminary drilling isn't it?

    This little company, supported by NST as a big holder (about 15%), has been gradually building up its holdings here and there, and to the extent that it now has a decent spread of tenements and a variety of minerals to explore.

    Today saw some impatient ones depart, dumping the SP in the process.

    I have owned ALY for about 4 years. I had though until a month or so ago substantially reduced my holding because I needed the money, but I am now back buying again.

    It's hard to believe, when compared to some rubbish, that the MC is only just over $7.2m.
 
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