ALY 0.00% 0.7¢ alchemy resources limited

Ann: Change in substantial holding-ALY.AX, page-72

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  1. 122 Posts.
    Seems they farmed out very good prospects in the Bryah basin and got some cash to keep ALY alive until some smarter people found something. Now they will likely blow the cash on trying to do with possibly less prospective areas what they could not do with the highly prospective areas farmed out to NST and IGO. And then they will need to raise capital, something they avoided with the previous farm outs because it would have been disastrous. I have some difficulties with the logic.
 
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