AYN alcyone resources ltd

As I see it the main hope for Ayn is simply a rise in the Pos,...

  1. 7 Posts.
    As I see it the main hope for Ayn is simply a rise in the Pos, and it doesn't need to be a huge rise in order to get a good increase from .oo1 to .oo2 (100%-not bad) Many respected PM commentators are saying that precious metals are either at a bottom or near a bottom. I am biased toward PMs having not yet bottomed, but that the recent upturn could give way to another smallish decline (perhaps courtesy of JPM,BOFA and Goldman's) which could last a few months before the real and sustained resumption of the PM bull market commences. And this is where Ayn investors could do extremely well. One thing is pretty sure and that is that PM prices will rebound and possibly before mid year, or maybe even earlier. And that's when Ayn should go. Of course the risk is that Ayn goes into admin. but would the Malaysian and other interested parties allow this? Holding on to Ayn until about mid year seems a reasonable strategy, and by then the PM price direction should become much clearer. Patience is the name of the game.
 
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