Ann: Kaiser Resource Drilling Includes High Grades Near Surface, page-41

or we can perhaps have civil debate if the BoDs and MD are doing good job or not without throwing jabs and then complain if an uppercut came back as some chums do.

ALK SP has been falling for while now and short/med/long term is relative - every person has different idea of what those mean.

If the company is not perceived to have good growth prospects then its SP falls. SP falls can be attributed to many other things such as cycles, sentiment and very short-term developments such as missed Q numbers.
Also, low SP can be impacted if investors don't think current BoDs and management is up to the job.

But it is BoDs and MD's job to be able to see medium and long term developments and to form correct view how those developments can impact the SP and take appropriate steps to avoid or at least smooth the impact of any negative developments or take advantage of future positive developments.

And yes, the ultimate judgment is the SP over medium to long term. We are very much passing the Mid-term now with SP in the gutter. Yes, sentiment and IG selling did not help and I acknowledge that but there were steps the management could have taken to present ALK as growth company and they did not - failed to make m&a deal when deals were flying left-right-centre and did not do much in terms of early-stage drill-testing few targets to set the stage for continuous growth - to name two.

Long term ALK's SP will probably go much higher but there is also a possibility for things to go wrong and SP to fall down to 30c. Would be lot safer if any unforeseen negative development to play out when SP is at around 90c - don't you think?

Also, at these levels ALK is TO target and if IG get stuck and is forced to sell the lot at heavy discount then TO bid at 65c may actually get over the line.

In short you trying to say SP being in the gutter is no issue at all but fail to consider many risks that come with such low SP - and calling others simple. lol