Mate, not knowing all the details of this acquisition and...

Mate, not knowing all the details of this acquisition and limited research of the company, seems the owners of the Red Arrow had no knowledge of what was going on even though they are in receivership.

http://www.cortezjournal.com/article/20131219/NEWS01/131219815/0/FRONTPAGE/Red-Arrow-now-under-new-ownership

"After investing $25 million into Red Arrow Gold, Maximilian Investors claim they are still owed nearly $11 million in outstanding loans after partnering with Red Arrow Gold owner Craig Luikko and American Patriot Gold.

Last week, an Australian company announced it had secured $4.5 million in financing to purchase Red Arrow’s gold and silver claims."


My initial opinion stands that the gold and silver in this area of Colorado has had its day. There may be a few strikes here and there, but the "easy" gold and silver is gone.

Looks as if Red Arrow had in excess of $30M invested in this mine (possibly other ventures) and could not get it sustainable. What were their production figures?

Why would it be any different for AYN? Where will they get the funds to revive this mine? 6.7B shares on issue. That's a lot of paper with little assets. What are AYN's gold and silver reserves?


Still at work here pal.
Christmas Day is tomorrow for me.

Switch off the pc/tablet/phone and enjoy your day with the family.This crap can wait a few days. I am sure AYN directors aren't working today.

Merry Christmas