"Will be interesting to see what P/E we get at for the March quarter."
After AYN's well documented ramp up issues this quarter do you seriously expect AYN to make more money from silver mining than AYN spends this quarter?
I sure don't.
For AYN shareholders let's hope AYN is cash flow positive this quarter - but with no January or February silver production figures released to the market - and ramp up issues documented in a special 22nd. February ASX Production Update release - I'd be very surprised if this is the case.
In view of AYN's cash position at 31st. December - $1.7 million - I've been expecting a trading halt to be announced followed by a capital raising at a discount to market.
I'm surpised this hasn't happened already.
AYN Price at posting:
4.7¢ Sentiment: None Disclosure: Not Held