Going into administration doesn't mean anything.
Do remember a company called Anaconda Nickel?, it went into administration and is currently being run as Minara Resources.
Do you remember a company called Pasminco?, it rose from the dead as Zinifex, which is now OZ minerals, after the merger between it and Oxiana.
The fact that it has been re-capitalised, is a major plus, as i doubt whether they will be going cap in hand anytime soon.
There aren't many pure silver plays in Australia, your options basically are CXC,CCU and AYN.
If analysts are right about where the price of silver is headed over the next 12 months, AYN being near production, will certainly bring it into play imo.
Do not take my advice.
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