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0.7¢ alchemy resources limited

Ann: Independence Commences RC - Diamond Drilling at Bryah Basin, page-104

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pfuzzy

3,010 Posts.

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20/07/15

22:06

Post #: 15664674
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Originally posted by Shady Merv ↑

@ pfuzzy re pog, I don't think so. The SP has dropped from $6 to $4 over the past 2+ months. Something has hit it, maybe a combination of things. Excellently-run company in my view, so I am a bit perplexed.

@fib, yes maybe you are right, but it stills looks odd to me. Maybe though the SP of ALY was too low before and has now caught up because of the Monty hit - sparked some interest that IGO's exploration, pre-the RC/D drilling announcement that is, could not arouse. The RC/D ann was a catalyst too I expect. Finally, outsiders started to take some interest, hence the SP rise. Peaked now? Monty, although there may be a geo connection with Neptune, is quite a distance away.

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then let me add SIR purchase price too high and some core investors bailing combined with the falling price of gold. there are plenty of people saying they've paid way too much for Nova.

ALY Price at posting: 4.6¢ Sentiment: Hold Disclosure: Held
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