Ann: Reinstatement to Official Quotation (14.03.1, page-7

re: Ann: Reinstatement to Official Quotation ... Not sure I can explain but will add some thoughts.

Firstly, can't see why anyone would want the AYNO at any price. SP needs to 12 bag from here to get these in the money. But I guess if the SP goes to .075 (15x current .005) then AYNO will have a .015 intrinsic value. That would be a 15x profit from .001. Any increase above that would see buying AYNO today gain more over the buying AYN today. However, with at least 3B shares on issue, the MC at .08 would be 240M. That equates to 1.2M oz/yr at $20/oz clear profit and a 10x P/E. Certainly on the optimistic side, and there is a zero return if the options don't hit the money. So a very high risk strategy to increase returns IMO, because unless the SP hits .075, you lose it all.

Perhaps AYNOA are going cheap because they were 'free' and some investors in the CR don't want to have options on the books, just heads. So they are selling and getting anything they can for them.

I have the new shares and options on my account now.