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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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.21M |
Open | High | Low | Value | Volume |
1.4¢ | 1.5¢ | 1.4¢ | $52.14K | 3.678M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 2641772 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 1685051 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 2641772 | 0.013 |
12 | 3793510 | 0.012 |
10 | 1915908 | 0.011 |
4 | 950000 | 0.010 |
1 | 166666 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 1666667 | 1 |
0.015 | 1177622 | 3 |
0.016 | 1067376 | 6 |
0.017 | 2614097 | 8 |
0.018 | 3965083 | 9 |
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