There is still uncertainty regarding their cash position and immediate mine development/production profile... however, they have indicated that gold is being sold at a profit and they are able to pay off debts. Mining is picking up and we should have a quarterly report soon. So the next few months should see the cash rolling in and will reduce the risk profile. We should also see some positive announcements around the corner. That's why this is a buy for me.
AYC Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
