AYN alcyone resources ltd

plan b

  1. 1,025 Posts.
    lightbulb Created with Sketch. 32
    Just to calm everybody's (and my own) nerves a bit at this time when POS dropped like a stone (went to a low of USD 29.76 overnight):

    The good Doctor wrote in the April issue of Diggers & Drillers that AYN have put options to sell the first 750,000 Oz of silver produced at a minimum of AUD 27.

    Hope this is still correct, as it will help them survive a time when, due to the costs of commissioning and ramping up production, they are probably a bit vulnerable with not a lot of cash reserves in the kitty.

    So even if silver really tanks in the short term, there is a plan B in place.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

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