ALK 0.79% 63.0¢ alkane resources limited

ok the talks are over and apparently "increasing the total...

  1. 7,500 Posts.
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    ok the talks are over and apparently "increasing the total tonnage would have no bearing on the Project's economics..."

    I was trying to explain to them what they should have done to mitigate the resource shrinkage which the market was to and did take it as negative news and drove the SP down.
    Apparently is waste of money drilling outside the known resource or deposit margin right now. Well the zone around 108 and 094 is outside the current resource and is being drilled now - are they wasting money? They basically contradict themselves.

    They should have drilled around 108 and 094 as early as I pushed for and that would have smooth down the resource shrinkage at Kaiser and possibly push the overall grade up. They should have drilled about 5-6 follow up holes and declare small, inferred resource along with the Kaiser MRE upgrade.

    If they are serious about JV then adding more tonnages is the way to go but if they are planning to develop NMPP on their own then the resource is big enough to start.

    And amazingly there is not acceptance about management and the BoDs making any mistake. I only pointed out the SP and compared to rest of the gold miners. If today's SP fell from $1.80 down to $1.65, I would have been fine and accept it is because of POG movement. But ALK's SP is at 62.5c while ALK holds 14.7Moz Eq resource at 0.58g/t AuEq which is very acceptable grade on global scale.

    These people clearly don't care about the share price only worry to get paid. And now I blame the BoDs as well for the performance of the SP. I wish I sold at 72c as I was tempted.
 
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