As someone who was formerly on an AiM resource board before being taken over, I can say with conviction that the constant requests for directors to buy and support the share price was very frustrating. NED's are not all wealthy, some are there to provide valuable guidance from a technical or corporate perspective, others it would seam are there to provide a bit of grey hair and supposable contacts into the finance world, they may have a bit more spare cash..... They (we) get paid £2k a month for work which entailed much more than 2 days/mth, normally 4-5. even with a semi-full time primary role, putting up 10-50k a year is often a struggle for some, or perhaps I should say most!
Also it is only on about 4 occasions a year during 2-4 week periods that you can actually buy!
conversion of fees to equity is now the norm given the tough times.
Excluding our Mali assets, ALO still has a prosperous outlook with Kerboule. If Kerboule achieves a considerable resource estimate - 250 drills have been drilled already of which 2/3rd were significant - ALO can secure finance for construction and operate a 25k oz per annum mine. Given that we are surrounded by 2 other juniors and it is in their best interest to work together, I am hopeful on the Kossanto East front. I cannot comment on Kossanto West.
Dominic Doherty used to be based in Bamako in charge of exploration. It seems Mali projects are now on ice, awaiting offers of JV. Hopefully he's busy on the latest acquisition. It's all worryingly vague.
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