AYN 0.00% 0.1¢ alcyone resources ltd

Complain to ASIC., page-2

  1. 36 Posts.
    Hey Penny,

    It does seem all really odd. Could you just clarify your last post a little so i can understand (me being a Noob).

    So basically we had 25 mil in place for a credit facility to expand investment, nothing was ever invested with it.. and we are now in receivership. So is the question, what happen to that money and was it spent recklessly?

    I dont really understand what happen either, I know the price of silver is going down. But couldnt have half this money been spent on putting it all under care and maintenance for a few years, the other half be used to reduce the cost of production?

    Thanks for your patients.

    Ricky
 
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