AYN 0.00% 0.1¢ alcyone resources ltd

For more than 2 years they have promissed to become cash flow...

  1. 6,815 Posts.
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    For more than 2 years they have promissed to become cash flow positive, for more than 2 years they've said next quarter we will reach max. capacity. And now the production manager, who has been responsible for the operation all this time, joins the board and is hailed as the super-guru.

    I always liked AYN's potential but I am not convinced that they will get out of this mess if PoS stays at the current level and Bergen wants its money back by converting to equity and then causing the sell-off.

    According to the silver deposits this should be a cashcow,
    maybe the next owner, if operating smarter, will make a " Mozza ".

    On the other hand, it is just too cheap to ignore.
 
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Currently unlisted public company.

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