Ann: Update on Capital Raising and Operations , page-42

Who is going to buy the commodities though? China is going backwards. All QE1 and 2 achieved was to prop up the markets - it didn't stimulate demand. Banks sat on cash rather than lending it out. Same with the LTRO in Europe - except it was worse over there. LTRO stigma meant that any bank borrowing from LTRO immediately became suspect, and their borrowing rates went up, so they need to borrow more money ....

If "massive amounts of liquidity (are) injected into the system" then bond prices will start to fall rapidly, pushing interest rates up, and that cannot be afforded by the US. Already half the Federal income is used to pay interest, at the current record low rates. Any increase in rates will see more money needed, and so it goes.

AYN need to come through the next 12 to 18 months to be safe. Cut back on exploring and get the production working properly. With a 7 to 10 year mine life currently, there shouldn't be any panic to develop new resources, especially at the expense of not getting the Twin Hills operation cash positive. It will not get any easier to raise capital over the next few years.