Ann: Change in substantial holding, page-7

So total cash raised from the placement ($20.0M) and rights issue ($20.6M) is $40.6M.

Out of that $40.6M, the Chairman put in $13.5M by himself - so exactly a third of all cash raised was from the Chairman.

This is from the guy who bought $1.07M of ALK on-market straight after the initial Boda discovery a few months ago.

I'm guessing he's pretty confident in what Boda will turn out to be?

Why wouldn't he be:

Boda proven up will be massive for ALK.

But 3, 4, 5, or 6 Bodas will be 3, 4, 5 & 6 times as massive.





After all, the only two other Australian Porphyry mines (both in the area) both occur in clusters/multiple (5-6) deposits (ie. multiple Bodas) at Cadia Valley and Northparkes.

Happy days.

Cheers,

GB.