AYN 0.00% 0.1¢ alcyone resources ltd

care and maintanince now, page-4

  1. 4,717 Posts.
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    Yep. Understand.

    The company had such good assets and seemed a winner.

    I just don't see where they could raise capital from, given the amount of shares on issue, the complexity of its financial structure (pretty hard to tell how much debt we have and when it's due), the beleaguered shareholders and the fact we don't know if/when profitability is possible.

    Production rates and ore grades still haven't been proven. It was a disaster even when silver prices should have made us a profit.

    I would also like to see a turn around and a return on some of my $, but in the ASX casino, this one to me is a punt already lost.

    Milesy
 
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Currently unlisted public company.

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