Very quiet here so I thought I’d post my thoughts.
I have bought into this because to me it looks like:
• Other silver miners on the ASX started to move around this point in time as they got nearer to production (aided by rising silver prices).
• Silver was around $16 when the project was started. It’s now in the low 30s after a pullback and if some are to be believed it’s destined for triple digits. Share price doesn’t seem to have corrected yet for the higher silver price. I was particularly encouraged after watching this video found in the silver forum recently regarding silver and China -
http://www.youtube.com/user/PressTVGlobalNews#p/u/21/i_P00geLNsk
• Revised resource estimate due after December drilling has finished and DFS due early 2012 – positive announcements?
• AYN currently has a market cap four times ARD with a similar annual target of 1.5-2Moz and a shorter mine life of 7-10 years.
• It looks like it could be a good entry point as the SP might be at the bottom of a channel. Could a technical trader confirm this?
I am here to learn (very green) so would be happy to hear others thoughts and opinions.
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Change
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Mkt cap ! $43.31M |
Open | High | Low | Value | Volume |
3.0¢ | 3.2¢ | 3.0¢ | $275.5K | 8.949M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1038211 | 3.0¢ |
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Price($) | Vol. | No. |
---|---|---|
3.2¢ | 472008 | 6 |
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9 | 3731524 | 0.029 |
9 | 1671283 | 0.028 |
9 | 1996445 | 0.027 |
15 | 2594814 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 451000 | 5 |
0.033 | 1278681 | 9 |
0.034 | 812999 | 3 |
0.035 | 947707 | 9 |
0.036 | 1433063 | 5 |
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