I've been trying to stay positive, but it's waning by the day/week here.
Let's recap:
- AYR management talked up the potential for cobalt, referencing our cobalt-rich neighbours HAV and COB, and the prospects of finding more cobalt in our tenement.
- VTEM surveys were conducted and supposedly "exceeded expectations".
- They then raised $600k at a lowly 0.4 cents for drilling of these supposedly high potential areas.
- After a week of drilling they announce one of the worst drilling results announcements we've seen, saying that they've found nothing.
- And now the company is languishing at 0.4 cents, with no money, and a bunch of disgruntled investors who have to sit around and hope that something happens.
AYR Price at posting:
0.4¢ Sentiment: None Disclosure: Held
