You do keep moaning about management, but the only suggestions you have offered that they could do better at is to load up on debt to take over another company or dig more holes and hope for a jackpot.
They've stated before that they have looked at other opportunities but have decided that ALK shareholders money is better spent on internal green and brown fields exploration. Why load up on debt in this environment, or dilute the share base to buy some turd rolled in glitter?
And as for drilling more holes, their stated strategy has been to drill out B and K before undergoing regional expansion.
And as for blowing up the budget on Tomo expansion, what are you on about? The exploration shaft was a cheaper option to get on ore then diverting the highway, so appears a pretty rational decision. The paste plant will improve grade recovery, so over the life of the project, more cash will be generated, another sound decision. The second tailings facility had to be built to continue the expanded operations, money required to be spent.
So please enlighten me on how you would run the operation better to create long term value for the average mug investor. R
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Mkt cap ! $346.9M |
Open | High | Low | Value | Volume |
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2 | 47384 | 57.5¢ |
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8 | 115145 | 0.570 |
4 | 140233 | 0.565 |
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1 | 9310 | 0.555 |
Price($) | Vol. | No. |
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0.585 | 20486 | 2 |
0.590 | 53384 | 9 |
0.595 | 50000 | 2 |
0.605 | 22000 | 1 |
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