Just would like to hear everyone's thoughts on this stock.
Viewing from the technical chart, the upward trends is definitely looking positive.
Fundamentally, first silver bar expected to be produce in May and revenue expected in June as announced by the company. (Nothing new here)
I've heard people talking about how the rise of Silver price affects this stock. True, I believe it definitely does, but I believe that's probably after the company goes into full productions.
The company stated that the operating costs is forecast at approx A$14/oz. Currently, Silver price is around the A$43/oz mark and is still trending upwards strongly.
Unless Silver price drop enormously, this company is definitely a revenue generating stock.
Despite mkt drop today, the stock price is still holding up over 13%. For both LT and ST s/holders, I'm sure we are in for an upward ride!
- Forums
- ASX - By Stock
- AYN
- price upside in relations to silver price?
price upside in relations to silver price?
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AYN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online