ALK 1.27% 40.0¢ alkane resources limited

Ann: Alkane Appoints Outotec for DZP Early Contractor Involvement, page-3

  1. 328 Posts.
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    Dizzy,
    I tend to agree with your comments... to a degree.
    However what is "in progress" atm: waiting for the remaining approvals and licenses, and doing the hard yards of chasing finance options. Nothing that involves expenditure, so effectively it is on care and maintenance already
    I am not averse to minor advancement of the project providing it is funded by TGP revenue. Realistically ALK will not revert to paying dividends unless the markets really go to hell, and Gold and AUD probable movements if that happened would mean TGP is a massive earler. Provided none of the milestones reached have expiry dates/clauses I'm happy to creep forward.
    Reading the other thread on NTU discussion, the comparison of situations is oblivious to the fact AKL has a working gold mine with a PE of 3-4.... and discounts that entirely.
    DZP will happen IMO. It may be 2-3 years, it may be 4-5 which would be as you suggest a result of the market making finance too difficult. In either case though there's a happy ending
    DYOR.

    DZP fan/realist
 
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