Ann: Tomingley Debt Restructured, page-7

@Joelstar

well said both of you.

What is done is done and all is missing now is to inform the market and, in my view, to throw someone under the bus - that would be the MD and at least one Director.

Yes, SS from Boda/Kaiser will show these deposits will make money but ALK needs to find another orebody - preferably with higher grade than the average grade from Boda/Kaiser. That will be the catalyst. Boda2/3 or one of the other projects could provide such news - I hope.
But does the investment community think this BoDs and MD can actually deliver such project?

Regarding Tomie - ALK needs to add more resource to this operation to justify the additional costs. And this is where ALK's BoDs and the MD showed yet again zero vision - or perhaps they don't care as they get paid to deliver next to nothing while people keep voting for them.
These people new the project was blowing the budget and had to seat down and think of the impact of that and what would be needed to change the metrics. And the only thing to change the metrics is to add more resources - if there was no possibility to bring costs on the expansion down.
So yes, ALK had to spent another $1m on exploration there already which would have allowed them to add another ~100Koz - 200Koz (if not more) along with perhaps another discovery that could led to another resource.
It won't matter much if the Balance Sheet shows $2-3m less at this stage - let alone ~ $1m.


Yes, the volumes are at spec levels with no sign of instos even looking at ALK and I wonder why ---- I know - it's the sentiment but not the one BoDs, the MD and few spruikers here think.
And the real sentiment is serious investors have zero confidence in the BoDs and the MD.

The only way to change this sentiment is to refresh the BoDs and hire new MD.

Until that happens every good news will trigger small rush in buying from retail investors and SP will fall back where it started from in a day or two.

Only some very significant discovery may change things. And for that to happen ALK needs to explore more - or get very lucky with the current spend - possible.


all my own views.