AYN 0.00% 0.1¢ alcyone resources ltd

perfect cue for ayn, page-3

  1. 183 Posts.
    Hi Dargie,

    Maybe we have no choice and buy issued shares, and just hope management can pull things around.

    However, AYN won't answer my emails, so I am suspicious.

    I would be delighted if you can provide evidence that management can make it profitable at $20/oz, when I understand it was unprofitable at $30/oz.

    If you can't provide any evidence:
    -It doesn't make sense keep producing at a loss since that takes AYN further into debt.
    -Better mothball AYN until it is profitable, ie when silver rises much higher as it surely will.
    -What's the point in going further into debt, risking bankruptcy, and missing out on a big silver bull market later.
    -2 of 3 directors own zero shares/options (and the other only owns 1m shares). I wished all the directors had a lot of shares, so saving AYN would be higher priority.
 
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Currently unlisted public company.

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