jp morngans manipulation of the price

Hi Guys,

Sorry for the negative news on the weekend but it needs to be addressed.

I have been out of AYN for a while as I am expecting a production update by the end of the second week of Dec so may get back in soon but i am in GGP at the moment and expect a better return there (I hold physical gold and silver also).

Anyhow, I have been watching the price of AYN and all will agree that despite good news with production and locking in fixed costs by hedging etc the price seems to be declining at a constant rate.

It seems that JP is forcing the price down by constantly selling. The latest update on the AYN share registry states that on November 30th JP morgan held 278million odd shares.

This is reduction of approximately 120 million shares or a reduction of 30% of their holdings in April (see details below).

I am unsure if they are intentionally forcing the price down to keep people out of the silver and gold market or tarnish the impression of gold and silver miners or if they are truly jumping ship in an orderly manner.

Your thoughts would be welcome.


November 25th - 46,220,200 - 6.13%
January 24th - 139,061,654 - 13.58%
March 12th - 348,506,373 - 26.63%
April 4th 397,068,619 – 30.25%
June 30th - 326,262,489 - 24.29%
September 30th 298,812,034 (unknown)
November 30th 278,391,645 - 21.04%


http://www.alcyone.com.au/about_us/capital_structure.phtml

http://www.investsmart.com.au/shares/asx/Alcyone-Resources-AYN.asp

http://www.buysellsignals.com/BuySellSignals/report/Australia/Stock/PDF/Daily/Australia_pdf_1398.pdf

http://www.alcyone.com.au/about_us/capital_structure.phtml