I'm not sure why anyone would sell now. Yes it has taken longer than all of us thought but grades on the pads are now higher and ounces should hit the target in the short term.
As for current share price, i'd still be happy to buy in the raising at 4.8c. The free oppie per 2 shares bought will more than make up for the difference IMO.
2015 expirey date could very well see the oppies hit the price the ordinary shares are right now. Maybe higher. I'm sure AYN can go past 10c again which would see the oppies at 4c +. Free money as far as i'm concerned. Mr morgan seems to think the same.
Scorp
AYN Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held