AYC were committed to sending their ore to a nearby plant that is owned by an overseas outfit that has some major financial issues. We are lucky we got $5.1M in the current climate, even if it was in shares. Gold appears to be turniing around so we have got chance of making several hundred percent or more on the investment.
This way the plant gets ore rated at around 10-12 g/t au, and the cash bleed at Maldon stops. Good luck to all longs.
AYC Price at posting:
3.0¢ Sentiment: None Disclosure: Unspecified
ORS Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
