ALY 0.00% 0.7¢ alchemy resources limited

option overhang gone, now some upside?, page-3

  1. 321 Posts.
    Hi mono, good post too. I agree they have made progress, and I think this is a good long term play. I back the company and think they can deliver.

    However i'm yet to see Michael deliver 100% in any area up to now. eg, MOU with Barrick has been in play for ages. They have talked it up that Barrick will process gold ore etc, however the terms of a deal, timing etc is all still grey - hardly a good negotiation position.

    Previously, i think there may have been too many balls in the air, so reduce the numbers and focus on nailing one or two and you've got a company, cash flow and funding for the rest. I >THINK< think is where we are now, so hopefully some results and solid process is underway.

    Remember they have said March production of Wilgeena, only 6 months away so they better get a move on!!
 
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