kh, the company is telling us nothing solid about the costs. Or the production rates. The company's "thoughts" on mine life are meaningless without such data.
"3.Institutions buy in at 4.8 cents.So its quite obvious that your thoughts dont extend to smart monies thoughts." LOL!! Smart money buying at 4.8c when the sp is 3.3c! Glad I'VE no funds with those smart instos.
The average price for the hedge is $33.77 AUD/oz, as per the half yearly report. To me, that looks a lot closer to $34 than $35.
No, I don't hold any shares at the moment, but having been in and out of AYN and MMN since 2001 I've plenty of experience of the company, profitable experience, and continue to monitor it in case there occurs another entry point. The sp is now below my last entry point - but unfortunately I can't see any reason to buy in again yet. Smart insto buying is usually a contrary indicator IMO, along with the absence of concrete data on costs and production.
AYN Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
