how many have taken up the offer, page-10

milesy, "Were previous management that incompetent?".

Two lots of previous management have failed to make this profitable. The first AYN lot thought they had the problem solved by improving the crushing, did test samples of ore through a quad crusher to make sure the recoveries increased sufficiently - but in the end the full scale crushing doesn't seemed to have followed the trial samples. So I'm not sure that it is incompetence, either for the AYN or the previous MMN team (although MMN's extraction from the liquor using EWW wasn't too smart - in hindsight).

Holders do need to believe that management were incompetent (or, at least, got things wrong through no fault of their own) to a certain extent - otherwise the current team won't be able to improve recovery rates either.

Personally, I think it should be left on C & M with the leach pads running (low cost) and extract what silver comes out (should be a cash positive scenario) until the POS is firmly above $40. Then there should be no doubt about its profitability, so long as costs haven't shot up. Abandon the CR until that $40 is reached and they can do it then with far less dilution.