Peter, Your German mate has bagged a good stock by comparing it...

Peter,

Your German mate has bagged a good stock by comparing it to its past history. Wrong...

All the issues the previous company had have been solved, not to mention silver prices in comparison. Main issue was that they were not crushing it enough and getting poor retainment in the leeching.

This is a new company, new practices, better expertise, some new equipment, fully funded with directors who hold around 16% of the company.

There are lots of stocks on the ASX who have gone bust, been brought and then turned into gems of a company.

There is one in the process of that now other than AYN, thats CCC (longer term stock, hold 2015).

Maybe he should stick to investing in Volkswagon or Volvo or something... that way he can analyse it correctly, rather than bagging a stock from the other side of the world.

No hard feelings, just don't like people bagging a stock they clearly haven't researched. Fine if its not for him after that, but keep his thoughts to himself, not on here where he doesn't own a cent of the company.

No hard feelings, cheers.