AYN 0.00% 0.1¢ alcyone resources ltd

Nothing much to sell for now. Most were hanging on to be in for...

  1. 2,882 Posts.
    Nothing much to sell for now. Most were hanging on to be in for the spp and that will mean a rebound shortly. Those who wanted to sell to trade off some soon to be surplus private stock, has already sold. The spp value is .035c so little gain as opposed to the usual uptrend that should follow at some point, for another month or two. The JORC will be released soon so far better to be in.

    Repost of what's coming up (read good reasons to buy in now while the sp is low and at spp prices):
    This the first ASX silver mine to go back into production (something no other silver company can say). Investors like it when companies are rerated from explorer to producer. It means they are becoming more mature and will have the cash capital they need to conduct additional drilling. AYN has a regional expansion plan and will use the funds to develop its blue sky potential from its many mines.

    In addition to (1) production, AYN has

    (2) Tornado,

    (3) Tomcat and

    (4) Hornet drilling results and

    (5) a JORC updgrade on the way, in addition to

    (6) new prospects at Rivertree and

    (7) and Twin Hills (a good result me thinks)

    (8) and its other regional expansion mine sites.

    Also, that New York Commodities article mentioned Alcyone Resources. Alcyone's name as the first ASX listed company to go into production is very helpful to AYN as it can capitalise on the $30 sillver prices.

    ...& The silver price is being touted as continuing to rerate upwards by a long way in 2011.

    Newminer.
 
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Currently unlisted public company.

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