Ann: Tomingley Debt Restructured, page-51

A great interview.
Nic's understanding of the M&A drivers in WA is apparent, and the absence of those in NSW.
Good grasp of his team's capabilities.
Also a good grasp of where Alkane is in their project phases and lifecycle - they need to stick to their knitting and deliver on the higher production at a good profit.
He shows why he is a good MD for the company IMO.

One piece of historical insight that may be relevant for the future of Boda that came to my mind:
Before ASM was floated off, Alkane had been approached numbers of times for sale or JV - and in rejecting those approaches, they clearly indicated that they were not interested in lowball or unrealistic offers (which by all accounts were readily available). Eventually they decided floating was the best approach - which the Jury is still out on, but looking increasingly promising.

That hard headed commercial approach would be in Ian Gandel's DNA, and it will not have dissipated with time.

As I see it, the reason for doing a 5m tpa version of the SS (which Nic clearly says is too small for the resource size, but which Alkane could fund by themselves without JV) is to allow relative profitability calculations for any of the JV proposals that will be coming their way in the coming year or so. I don't see Alkane board being a soft partner in any negotiation.