ORS AGM Presentation full of imfo .... like if one values AYC at their CR price you will be getting 1.51c in Value
But fact is unless AYC can raise the funds how will the have enough funds to drive exploration to increase the life of operations past just a few years since taking over in full in FEB they haven't done very well ...I know some of the CR is underwritten but how many AYC holders will be happy to fork out more cash?
Just Wait till APRIL/JUNE pre-TAX Loss selling and see what AYC trades for with hundreds more ex ORS holders on board ...I don't think it will be pretty
Just so much risk here ...small plant if grades drop ..big trouble ..loans to pay GOLD down near $200oz AUD from recent highs etc ,,
you get this feeling of AYC running on a knife edge ...they really need to get it all together and soon or they will go the same way many Micro-caps goldies have gone in the past ..
ORS Price at posting:
0.9¢ Sentiment: Sell Disclosure: Not Held
