AYN 0.00% 0.1¢ alcyone resources ltd

3 for 2 at 0.6c to raise $14m, page-15

  1. 183 Posts.
    No choice really.
    We shareholders have to do everything to support the stock, and trust management. Compared to our holdings, extra cash now is only a small extra % of what we have put in.
    (If not, we risk liquidation, or another "Navigator" with 1000:1 dilution).
    With silver going to $50+ on way to $100+, if AYN has greater costs than income, then AYN should:
    1) raise $ to pays debts (to remove liquidation risk), and
    2) put projects on hold with directors not paid and workers being stood down (not sacked, just stood down until silver recovers)... better that than making losses, and going back into debt.
    I don't mind if stock is suspended from ASX until net profits are made.
    This stock will have enormous leverage with rising silver.
 
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Currently unlisted public company.

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