Hardiman, what really matters is the market cap. It would be worth the same if there were 11 shares on issue each worth $1 million (extreme example). Would you think the company is great then? You shouldn't.
They can do a share consolidation, i.e. on a certain date each 100 shares you own become one share, and each share would then be worth, say $0.20.
Psychological affect of the price is perhaps what matters, and the huge jumps of each tick e.g. today one tick up is 100% gain. It only has to go up 6 ticks and you've 4x your money.
(Not trying to tell you how to suck eggs here.)
Recent releases suggest that AYN have done what they said they were going to do - mine 100K ounces a month. Question is can they sustain that and most importantly, at what cost. Best case we are treading water and wait for a PoS gain. I don't believe in $100 silver spikes near term, but $30-35 would make AYN a nice earner. Who knows what will happen with this other mine now, but at least cash should be there to support all this until PoS rises.
AYN Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
