Fingers crossed the next lot of results throw up some interesting grades etc. I agree brooke, the only real recent positive sign is the MD buying a few million on market but its generally a very good indicator that he is expecting a positive future. It was a few dollars that he spent and i am guessing he like everyone doesnt like to waste it. I also was very surprised and encouraged by the recent take up of the entitlement offer. Almost 49 million of the 62 million shares were taken up. Only a relative small shortfall which I would hope the MD will find a home for real quickly to take away any perceived loose shares. the sooner they are placed the better so hopefully its his current priority along with finding significant on market buying support also. I really expected a very poor take up with the current shares price and current company perception of late however the take up was very good I felt all things considered. Almost 80% taken up was fantastic I thought. Reading the annual report it seems that any south east asian deal is off the agender so the WA warmblood gold area is now the focus again. With 100,000 ounces already and a large relatively unexplored area the current market cap of only $3 million seems crazy so hopefully any kind of positive drilling news will see a big and long overdue move in the share price
AYR Price at posting:
1.2¢ Sentiment: None Disclosure: Held
