ALK 0.00% 65.0¢ alkane resources limited

Investments in CAI and GMD - what next?

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    I do wonder what ALK plans to do with their investments in CAI and GMD, both made pre the exploration success at Tomingley South and Boda, a time when things did not look so rosy on the gold front.

    They have some 15% of Genesis Minerals (ASX: GMD) and 13% of Calidus Resources (ASX: CAI).

    CAI is on a bit of a roll over the last 3 months with a 50% list in share price as they prove up more than 1M ounces at the Warrawoona prospect. So what does ALK do here? Sell down and use the cash on their own prospects, maintain their current holding which will need some extra investment as CAI move to mine, or increase their holding?

    GMD are also slowly moving upwards as they progress their Ulysses Gold Project near Leonora, WA which sits at just under 1M ounces.

    The same question applies as for CAI above. Do ALK keep invested in one or both of these companies? It all seemed a sensible strategy pre the recent exploration success but maybe now is the time to divest and use the money and retain focus on their own existing prospects, which we all agree are substantial. Thoughts?
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