AYN 0.00% 0.1¢ alcyone resources ltd

History repeating for me!Ex-longterm holder here. Sold today at...

  1. 533 Posts.
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    History repeating for me!
    Ex-longterm holder here. Sold today at huge loss. For me, nothing says run for the hills than the mention of "Bergen"
    Have held AVQ shares forever and watched SP plummet there at the hands of Bergen last year. What's ironic is the 3.3c SP for AYN was exactly the same as AVQ at the time of the "secures funding" ann. For the record AVQ SP a few months later dropped to 0.6c at the hands of relentless selling by the new funder.
    Not saying same will happen here but not prepared to find out after experiencing it first hand.
    One positive out of the AVQ experience was that those who held on through it all (including me) took the opportunity to average down at less than 1c when the SP showed signs of recovery and saw nice gains thereafter.
    Will continue to watch and look for re-entry post Bergen or when a recovery looks likely.
    GLTA
 
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Currently unlisted public company.

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