Your right company has had its fair share of problems, and that's why their shares are cheap. Your holding for the same reason as everyone else, a spike in the price of silver, hard to predict. Ayn has managed to get some great support and progress with their operations well IMO. They are in the box seat if silver takes off soon, they just need to keep their heads above water until that happens, having 3.7 BN shares on issue keeps the price low,I personally think if silver stays around the $22 mark for the next 6 months or so AYN will do a share consolidation, say 1:5 lifting the price to 1 cent in theory, then if silver stays at the same level for another 6 months or so we will see our depleted share holding back at the current price of 0.002, now if that does happen and the corner stone investor is still backing the company and they manage to pour silver at their estimated $15-17 production cost then its an even better buy than it is today. It's a spec company but has had and continues to get alot of investor attention in what many analysts predict to be the next boom sector, they are the only pure silver producer operatng in the country ATM. If silver goes above $35 in the next 6 months then were in for a wild ride, any futher rise above $35 oz then who konows where this could end up, personally I think if a share consolidation is on the cards and AYN management can wait long enough, do it when the silver price is on the rise.
AYN Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
