re: Ann: Share Purchase Plan dipatched to sha...
Good to see some sense and being conservative there jbmurc.
However the gold to silver ratio is currently (without looking it up now) about 60 to 1. Over the last few years it has been roughly 45 to 1 and historically 15 to 1.
Now we know that silver has other very important uses and I am informed there is less silver than gold above ground and with mines starting to run out.
There is no doubt in my mind that this way out of whack ratio will soon start to close and silver stocks will then outperform gold stocks. Not against them, hold NCM and NST but AYN from my years of study, the mine itself and PM's says that this is going to be a ripper when silver begins to overshoot the other way towards a 15 to 1 ratio.
Well worth pondering.
And often think that some of you downrampers who do not hold are trying to get in at a lower price. The way silver has performed the last week in the face of a worsening economic climate tells me that lower prices in this stock may well be over.
Cheers to holders
AYN Price at posting:
2.6¢ Sentiment: LT Buy Disclosure: Held