AYN 0.00% 0.1¢ alcyone resources ltd

shorts heighest in 20yrs - good news!!!, page-15

  1. 1,611 Posts.
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    Spot on Milesy

    Question is whether AYN can survive

    For all those who talk of silver price manipulation and how they think silver will go through the roof ... go and trade the commodity itself.

    AYN is a miner and at this stage its in a heap of trouble. If funding cannot be resolved then administration is the next step. Then shareholders can flush their holdings down the toilet.

    All silver producers have to take the current silver price. Right now it costs AYN more to extract silver than what they can get for the product. Company is here because AYN cannot mine their product successfully.

    Hope AYN can get out of this mess. Wonder where is that Dr Alex Cowie and his "view" on AYN. Oh yeah guess he only likes to talk of his winners but not the 10 losers that accompany the one winner.
 
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Currently unlisted public company.

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