AYN 0.00% 0.1¢ alcyone resources ltd

Ann: Trading Halt , page-24

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  1. 183 Posts.
    Also this has a long way to go...
    -don't underestimate directors determination to have AYN survive - they own a lot of shares
    -even if you are correct about creditor deadlines (and that is a big if), the next step is not liquidation (or death as some have put)... it is voluntary administration, where debt payment comes first, before working capital and director salaries. This is where we hammer administrator about need to pay off debts, and put on care and maintenance, until silver price takes off.
 
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