AYN 0.00% 0.1¢ alcyone resources ltd

They get the next lot on first achieving production of 100,000oz...

  1. 132 Posts.
    They get the next lot on first achieving production of 100,000oz of silver in a 1 month period, not necessarily after 3 months .

    And as far as I can tell Reed and Harris are and were employees of the company and did receive wages. From the prospectus :

    1. Mr Reed was appointed an executive Director on 15 March 2013 and was recently appointed as Managing Director of the Company. Previous to this appointment, Mr Reed held a senior management position within the Company and was responsible for the management of the Company’s Texas Silver Mine.

    2. Mr D’Sylva was appointed a Director on 13 March 2013.
    3. Mr Morrison was appointed a Director on 13 March 2013.

    Neither D'Sylva or Morrison have recieved any wages ( at least in the 2012/13 FY), but Harris is the CFO and I presume did and continues to receive a wage ?

    So I would assume its fair to say Reed and Harris are in some way responsible for the state of AYN before and after the Market suspension ?
 
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Currently unlisted public company.

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