Kudo’s to all shareholders of AYC who remained resilient last few weeks in spite of big fall in Gold Prices (from USD ~ 1325/oz to almost USD 1245/oz). All Big to Smaller Gold Miner fell but AYC shareholders stood strong and did not dump it.
Things will definitely change for AYC with today’s (i.e. 20-Oct-2-16) news that it will generate positive cash flow from this quarter onwards.
AYC has capability to generate cash equivalent to ~ 75% of the current market capitalization (~ $ 21 Million) if the gold price remains around AUD 1600/oz (i.e. ~ USD 1250/oz); also they have enough good grades of Gold reserves which will help them to produce money continuously for couple of years.
I am highly optimistic that all current shareholders of AYC will be awarded very soon.
My personal price target is AUD 0.10 in next six months.
Note: Do your own research before investing in AYC
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