Dear Mr SidrAYN hedged @ $33 before silver fell below $30 oz,...

Dear Mr Sidr

AYN hedged @ $33 before silver fell below $30 oz, considering the estimated production costs to be less than $20oz this looks to be a pretty good deal (excellent management foresight).

They only hedged 700,000oz - 50% of the 1st years production, again they can sell into the hedge more when the price is low and less when it rises (excellent management foresight)

They received funds to enable the mill commissioning without further shreholder dilution to me this is another example(excellent management foresight)

I think you will find it is JPM Nominees, if you dont understand what a Nominee company is/does then you need to do some research but it is probably not the evil empire / JPM bank trying to corner the AYN silver production.

Thats my opinion, I maybe proved wrong in the future but for me, at this time, in these circumstances, I think they are doing a good job.