AYN 0.00% 0.1¢ alcyone resources ltd

Ann: Twin Hills Operations and Production Update , page-44

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,197 Posts.
    re: Ann: Twin Hills Operations and Production... why would you dance with the devil especially during ramp up?
    are you guys on top of this, even aware of the risks.... what are the details, amounts and delivery dates?

    From the quarterly (Jan 31st):

    "The current historically high silver price has enabled Alcyone to enter into a 12-month Forward Structure and Pre-pay under which it has agreed to sell a total of 700,000oz COMMENCING IN JANUARY 2012, at an average $33.77/ounce. The facility is fully secured by way of a charge over the Company’s assets.

    The Pre-pay of an additional 102,000oz realised a total of $A3 million in cash, strengthening the Company's cash reserves while cash flow from the heap leach operation continues to ramp up."

 
watchlist Created with Sketch. Add AYN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.