Ann: Entitlement Issue - Acceptances and Under Su, page-4

re: Ann: Entitlement Issue - Acceptances and ... his point is that over the past 3 years they have spent a bucketload of money on operational and administrative expenses including their own salaries and fees and done very little prospecting.

yes they have increased the inferred resource of gold but they have done little more than kick a few rocks around at other prospective sites when other companies have completed serious drilling… i could list at list 10 companies that have the same opportunities in the same regions and have done serious drilling - but probably close to 20 or more.

I wouldn't care if they had had a real crack came up short. I point to the fact that they got in the JV partner as an admission that they have wasted their opportunity. I welcome the JV partner - hopefully they have more of an idea than the current tea,.

Since 2009 the SP has steadily declined from $1.10 (yes unbelievable!) to 2.5c.

There are plenty others in the region whose SP has faired badly but this company is one of the worst. In my opinion possibly the worst because unlike some of the others, ALY actually has shown it probably has a decent amount of gold and should be well on the way of mining it - and lets not talk about the price of gold over that period.

the directors have to take responsibility for their inaction and for not managing shareholder expectations so that they continue to support the company. where is the strategic plan? two high grade deposits identified in 2009 at Hermes and here we are in 2014 and yes its good that the inferred resource at Hermes has increased substantially over that period but it is not good enough that no further action ha been taken to turn this into value - ably reflected by the markets judgement on performance i.e. the SP.

The new board came in in 2011 and promised to take action. They have failed to deliver on this promise.

All well and good for you to keep talking about potential, upside and promise. Good for you if you want to continue to support a company that behaves in this manner but me and plenty of others have had enough and thats been shown up in the pitiful take up of the CR.