ALY 0.00% 0.7¢ alchemy resources limited

drilling started 16 october 2012, page-55

  1. 1,731 Posts.
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    Hi all.

    The Investor presentation certainly woke up a few brokers. If you study the ground ALY have and just look at what has been discovered by other explorers it is hard not to believe that we are sitting on some very promising ground. It is a matter of proving it. The management have been absolutely shameful in the handling of drilling but appear to have their act together now. Maybe they are after a pay rise but it is difficult to understand why they have waited so long. The method used these days to find where to drill next is proving to be 100% accurate. I think brokers know this and seeing what Sandfire have we are seriously undervalued in comparison.
    It is a pity we have to wait so long for drilling to start and results known.. ... My concern now is will it hold up this week as it has certainly had a good run.
    If I was Sandfire I would be buying all the shares in ALY I can get my hands on to protect their long term investment.It would be a lot cheaper than a take over and easily fit into their future plans of expansion.
    But alas companies don`t have the wisdom to do this.

    I would be happy to see SP hold last weeks close next week.
 
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