IG stands in the way of such developments mate. In my own view...

IG stands in the way of such developments mate. In my own view this guy will rather see ALK destroyed than to allow to be diluted. It seems he is short on cash and this is why I think he needed to sell ALK again so he can participate in ASM CR, I can't see how ALK can do CR without diluting IG and IG will not allow it - the supportive Chair.


So, my hope is IG ends up in a situation where he has to sell his controlling/blocking stake in ALK so ALK can have more independent BoDs and start functioning like proper publicly listed company.

all my own views..

Now let's see if Roswell ramp up goes according to plan and if ALK meets their production guidance.

Clearly they mean to drill further in the area and prove more resources for TGOE. Drilling from UG is cheaper when targeting deeper zones. And this is what they need to do now to prove TGO LOM will be well above 2040. It smooths down the hedge-book to a point.


Note to everyone - when calculating how bad the hedge-book is please take in consideration that only retail investors pay the spot price when buying gold from gold dealers. Miners would normally sell well below that price. For example when spot price was $3750aud the Aus gold miners were probably selling their unhedged production at around $3450.
This is rough estimate but much closer to the real price of what miners would be getting instead of the very top price we see on our live charts. Today spot price is $3650 and miners will probably take around $3300 per ounce. Still well above the $2800 where ALK's hedge-book is but not as bad as many think.