AYN 0.00% 0.1¢ alcyone resources ltd

capital raising - trading halt, page-2

  1. 2,164 Posts.
    lightbulb Created with Sketch. 29
    You'd certainly hope a capital raising would be material to the company....

    Not at all surprised, it was only the $2M prepay that was keeping them afloat last quarter.

    Proceeds from borrowings - $2,000,000
    Cash at end of quarter - $1,985,000

    Hopefully the silver price can break upwards before AYN breaks up.

    Still think this is a good play, but getting riskier by the week.

 
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Currently unlisted public company.

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