I think you are right, there is always a move by majors to get...

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Champee

7,882 Posts.

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28/06/20

11:46

Post #: 45496018
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Originally posted by RabbitTrap: ↑

Well said PovertyBoy.

I will quote from two previous posts that I made on Hotcopper from the 2017 and 2020 AGM's.

In 2017, "... It was mentioned in passing that ALK will entertain any offers for their projects if the price was right but IG in particular would only accept a very good offer for the DP"

From the 2020 AGM, it was stated that "It is expected that if the pilot is successful, that the standalone business based on that component could potentially be established with could have a cash flow of $30 - $40 million on the basis of this component by the end of 2021. It would use feed stock sourced from offshore."

So assuming the pilot testing in South Korea are successful, it is very unlikely that ALK would give up the DP project to takeover, unless there is a very good offer. I personally originally got into ALK back in 2008 on the promise of the DP project.

I do not think any takeover will come till after a split in the company as I am sure that nobody interested in the DP part would want the gold component nor would anyone interested in the gold projects want the DP component. Time will tell.

The next couple of months despite the COVID issues will be very interesting for shareholders as so much news flow is expected.

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I think you are right, there is always a move by majors to get big resources in there ownership, to develop and reward there investors in the future. I would think Nicks door will get a few knocks.
The journey is not finished yet.

LTH.
Champee

ALK Price at posting: $1.23 Sentiment: Buy Disclosure: Held
7 Upvote

1 Great analysis

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