ALY 0.00% 0.7¢ alchemy resources limited

Thanks mate. Confirms my expectation too.The steady decline in...

  1. 321 Posts.
    Thanks mate. Confirms my expectation too.

    The steady decline in the sp over the previous weeks I believe is potentially becoming a product of nearing options expiry in August. (people selling shares and buying options)

    Obviously the RSPT didn't help the sector overall, and I don't think the market is feeling that with Julia leading the LP will be any different - well it hasn't reacted positively at all.

    A JORC of 40,000oz (or more?) at Wilgeena, and upgrade at Hermes from 131,000 to (estimate) 200,000+, and with MOU with Barrick, and recent announcement saying they should be producing within 9 months, this thing is cheap regardless of the options overhang!!
 
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