AYN 0.00% 0.1¢ alcyone resources ltd

ayn in a trading halt ..., page-39

  1. 2,408 Posts.
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    ximing,
    I think they thought they had everything under control.
    Obviously they did not and have now run out of money.
    I guess the CR will be at about 5.5 cents in this current market.
    We could potentially see the low 4s over the next couple of months while they are sorting their production problems.
    I have rang the MD a couple of times over the past couple of months and never got a reply or return phone call.This led me to believe that things were not well.Their cash burn is way too high for an efficient operation.I will stay away from this one till i see a positive monthly established
 
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Currently unlisted public company.

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