AYN 0.00% 0.1¢ alcyone resources ltd

expected to list early this week, page-2

  1. 282 Posts.
    lightbulb Created with Sketch. 5
    Silver peaked last in late march 08 at $21.44/oz.
    Are we above that?
    No
    Is the silver price about 30% lower the peak with gold hitting new all time highs?
    Yes
    Are COTs for the Commercials at or near record levels?
    Yes
    I remain convinced of a massive correction in the silver price and again draw the analogy with the oil price a year or so ago when it went ballistic only to drop 70%.
    Oil is far more valuable to man than gold or silver so if the analogy holds true expect even greater corrections in their prices.
    Maybe there will be a premium in AYN when it relists, but the fundamental basis for this does not exist.
    There are no facts to support this only speculation and opinion otherwise management would surely have provided this in its submissions rather than allocating more time and money to metalurgical testing and verying resources and grades.
    While I concede that there may be some euphoria on listing it will have no long term fundamental basis.

 
watchlist Created with Sketch. Add AYN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.