AYN 0.00% 0.1¢ alcyone resources ltd

3 for 2 at 0.6c to raise $14m, page-7

  1. 3,967 Posts.
    lightbulb Created with Sketch. 13
    50% discount to current price, and much higher discount considering where the share price was a few months back.

    I don't see we have much choice. I hate 'averaging down' by coercion through such share issues, but wonder if administration might be the alternative? (My opinion only).

    So, yes, will probably take up the offer and hope silver prices rise to help profitability levels. Management sound confident, and appear to be communicating well, so maybe they can turn this flea ridden mutt into at least a well groomed family pet (not expecting a pure bred show dog though).

    Still plenty of time to consider and happy for it to remain in suspension for now. We won't know if it is the right decision until much later in the year at the earliest.

    Milesy
 
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.