Ann: Australian Gold Conference Presentation, page-18

It was not my intention to offend anyone.
Merely stating a proven definable fact.
If I didn't care about other people, I wouldn't spend the time sharing my research on here or bother to comment
on other's assumptions even when I know they are statistically incorrect.

I make no apology for selling back in April.
Those were practically all profitable trades.
I make no apology for re-entering between 10c to 20c below my previous selling price.

Not a fan of the CFO TBH.
That hedging agreement looked rubbish the first day it was entered into it.
Why would you cap your potential profit in a highly inflationary environment?
Having said that I commend his decision to open the 150k oz 3k strike put options. Yes, the puts 7 million value seemed steep but at least options do not cap future gold price movements.
Re-financing the bank debt was another solid recent move by the CFO.

For the record I made money trading ALK last time however I still do not believe it was a good trade due to opportunity cost.





You're right, I'm underwater on my newly entered ALK trades however I have strong conviction that this will ultimately turn out to be a fantastic inverse risk reward play.