Oh yes, fantastic. AYN has gone from needing no more finance to suddenly touching the market for $8m. Strong cash flows indeed. And what is all this nonsense about needing money to connect to the grid? This grid connection work started last year - how long does it take? In the 17th May 2011 it was stated that production would be ramped up to 1.5m to 2.0m oz per year by Sept 2011. Every single announcement since then has been saying how well everything is going - but now all you can hope for is 1.2moz to 1.5moz by Christmas 2012. 75% of promised output over a year late. With Xmas presents like that, once a decade would be too often.
Get your cheap shares before I can buy them much cheaper.
Oh yes, and don't forget to read the old announcements. Just to see where the company should be.
AYN Price at posting:
3.2¢ Sentiment: None Disclosure: Not Held