My 2 cents worth about the ALK SP.
I expect there is still downside risk to the POG - what I hear in the video posted above has been stated by other observers ie investors are getting out of paper gold which is causing selling pressure on gold and this may persist until June. The shorters will persist under this scenario for at least a few more months IMO.
I don't expect any real change in ALK SP from the FS results unless they are speculator which is extremely unlikely.
The only catalyst are results from Boda and they will need to be extremely good to cause ALK to move significantly higher and that is possible. I expect quite a lot of Boda results between now and June. No5 sure if there is much downside risk from Boda results.
Re Boda the one aspect that is probably being totally ignored by investors in ALK is the price of copper - it has surged by 10% to 11% % so far in February and expectations are that it will continue to rise over next few years. As we see from NCM this results in a negative ASIC which will only become even more negative. In my view this is offsetting the falling POG to a very significant amount but is being ignored by ALK and NCM investors.
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