Just about every PM resource stock has faced challenges over the last two years with escalating costs and PM manipulation. AYN is no different having over the last 3 years bought a defunct mine back to life. Y1 saw reinitialisation of the mine, Y2 commishining and production ramping and Y3 continued ramping keeping in mind production challenges etc. Very few resource mining projects run trouble free and given the small size with limited capital small problems can and do cause difficulties. This isn't to say management are rocket scientists but they are not incompetents either.
AYN was never a production mine come business play. It was always about the price of silver. 10% business 90% silver price.
AYN is a small high risk resource play in a financially challenged world. Simple. If you can't stand the heat get away from the fire. So go hard or go home.
AYN Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held