AYN 0.00% 0.1¢ alcyone resources ltd

Not pursuing perfection - profitability. And MMN and AYN have...

  1. 28,822 Posts.
    lightbulb Created with Sketch. 48
    Not pursuing perfection - profitability. And MMN and AYN have been very profitable for me.

    Rather than worry about La Gioconda (now, wouldn't that be a great name for a deposit!) I study the announcements. Generally that is how I make my profits. And to my mind, today's announcements are merely hype with the only information that affects the company's profitability being negative. Production estimate down again, money lost on drilling a no-go copper prospect (no blame there, just a fact: they had to drill to see what was there. But now they should stop) all indicates a need for more capital, so the SP will drop again.

    All silver companies will benefit when silver gets to $100, but there are much better prospects out there than AYN in terms of shares/oz. And $100 Ag was being spoken of when I first bought MMN in 2001 .....
 
watchlist Created with Sketch. Add AYN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.