AYN alcyone resources ltd

When AYN relisted last year I had a good read and after 33% of...

  1. 80 Posts.
    When AYN relisted last year I had a good read and after 33% of the shares traded in the first 3 days it occurred to me that it would go down much lower. While it dithered its way past 2.5c the buy sign came in the form of a director buying 40mill shares for a million bucks. What a signal.
    The real reason I kept this company on my watchlist was that there was a good chance that the way the banks had moved in and shut the mine down when it had already been built by the previous shareholders reminded me of the banks and their move on Century Zinc which in turn returned as Zinifex. The century mine was built and the banks found a great excuse to shut it down and then resurrect it.
    From memory Zinifex went from $2 to $20 a share and I do not think there are many banks on their share registry anymore. They have moved to other tasty enerprises like AYN.
    So, I see AYN at 60c but I will probably bug out at 25c because there well be other more tasty offerings from the banks.

    leave you with it guys
 
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