There's no SLV index as such because there are so few pure SLV miners. The Gold index is a proxy for all PM's and is indicative of market sentiment rather than if one company is run better than another.
AYN's trials and tribulations over the last 6 months or so has magnified the industry's negative sentiment. The reality is that many other small cap miners are in the same boat.
What many here forget is that by their very nature small caps are not capatalised in depth and rely on bringing production levels past break even as quickly as possible.
With SLV miners that's even more problematic when you have such a volatile price market. If the SLV price had remained in the high 30's we'd all be sitting on big gains and AYN would be an immensely profitable little mine with the revenue available to continue to explore and expand the resource.
The current price is going to dither around in the basement for a while yet. My bet is that the new management team will get the funding issue resolved with little or no further dilution. Once that is settled in the next few weeks it's back to business. My instincts tell me that once this issue is resolved AYN will be a better and more resilient company as a consequent of these trials.
I won't be surprised if SLV goes as low as $26 again before this is over. Given that it's up over 300% in a little over 4 1/2 years I'm not too concerned with the long term outlook at all.
AYN Price at posting:
0.9¢ Sentiment: ST Buy Disclosure: Held
