ALY 0.00% 0.7¢ alchemy resources limited

Very dissapointing 6-9 months for ALY. I was advised back in...

  1. 880 Posts.
    Very dissapointing 6-9 months for ALY. I was advised back in March the reason for the delay in drilling was because of severe weather. However this allowed the geology team to gain a better understanding of the district. Now these guys floated back in 2007 and are coming on 4 years, i would have thought they would know the area off the back of their hand.

    The new MD - Robert Brierley is more than happy to put a hand in he's pockets and buy into BZL but doesnt really seem all that interested in ALY.

    I have a feeling the company is hoping a suitor might come along and and take over their ground. JRL would be peeved at the performance of ALY and i wonder what their intention's are. They have almost 7m in cash and already own 9%. They might do a better job than the current board.

    Im still looking and hoping this company turns around. I will get back in when/if it ever does.

    Gl all
    rambleon
 
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