AYN 0.00% 0.1¢ alcyone resources ltd

raised $1.6mil, page-10

  1. 6,815 Posts.
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    Not holding since 9c but still watching.

    According to the $ 33 hedging and all the production ramp up news from 2010 and 2011 there should have never been a CR neccessary. I was " blinded " too, believed in the story but decided to stay on the sideline.

    That the PoS hasn't reached $ 100 or 200 is not managements fault, but that the current production is not profitable is, according to it's then updates, a disgrace. And that is reflected in the current sp.

    I am not saying AYN is dead, a higher PoS and an efficient production process will turn things around but much needs to be improved.

    GL to you current holders, the current sp is tempting to buy but it can still fall further.
 
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Currently unlisted public company.

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