Australian (ASX) Stock Market Forum

AYN - Alcyone Resources

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laurie said:
$47.48 :D:D:D:D
http://www.kitco.com/charts/livesilver.html

Look at the jump on the green line this is too good to be true I'm getting nervous :eek:
Click to expand...

No worries. The market is the boss as always. We do have a good trend in silver and in a good trend the old saying goes "its like climbing a wall of worry" Winning takes b.ls

I do think that the market will run up a lot in the next few hours but stall when the comex comes back into full swing. A lot of short contracts are trying all they can to extricate apparently so one would expect a big show and then a very sudden drop. Good support for silver lies at about US$45.50 and a shake out/consolidation would be a very healthy thing at this stage. We shall soon see.

As for AYN, our open Wednesday is a long way away in this tumultuous market. :)
 
explod said:
Yep, my view too and fully loaded.

Silver already up over 2% this morning.

However, via clients Jpmorgan hold more than 30% of this stock and as with most other p/m's stocks they will continue to try and hold things down IMHO.
Click to expand...

Don't know much about the share register or major holders, but how will JPM try and hold things down?

Sell into strength I take it?

There seems to be a lot of sellers @ 0.14

Not sure how this will play out. There is a lot of debate re: POS. FA Strength? vs a TA Blow off.

Nervous Laurie ... Im not surprised.
 
I was under the impression JPM hold nominee accounts so those nominees are just like us individuals that can sell or hold without JPM permission :2twocents
 
Is anyone still holding shares in AYN? The stocked dropped so much over the past days.
 
I emailed the company today asking if they had considered securing another Put contract to lock in current prices for the bars that are to be ready this month in order to insure profits against any further deterioration/sell-off/profit taking/bubble bursting etc in the silver price.

still holding but a little rattled no doubt
 
Don't worry about any tracks,

volume change and rise against a falling silver prices says news will be soon.

Pouring due to be announced any day of silver ingots means those buying will provide the tracks.
 
IMO if you didnt see this opp as a top up or entry level, you may be kicking ur selves.
Diggers and Drillers buy recommendation in the wind??
 
I just sent an email to Alex Cowie at Diggers Dealers before reading this thread on AYN.

It was interesting to see last two days AYN dropped down and then rose up today by about 10%. DIggers and Dealers recommended AYN to buy after the market closed. Dr Cowie's so called research on AYN is based on meeting the staff members of AYN and not necessarily the directors . Do not get me wrong as often D & D publishes a recommendation and next day share goes up on the roof . So please DYOR and it is me who is not convinced on directors sale.

I struggled to see the reason however why Charles Morgan from AYN dumped 30 million shares in two lots in first week of March 2011 and never returned to buy again. I do not think he was cash strapped in race or wanted to pay his mortgage. I would borrow or sell family jewels if I am convinced on company's sucess.

Interesting and I am now questioning if D& D is helping to ramp up certain shares like AYN!! Don't know and Don't hold

Sharing with rest of AYN enthusiastics to learn more.
 
Looks like the Silver price took another hit again last night - currently down 12.55% ($34.55). It's now fallen $14.71 (29.8%) since it's high on the 28th April. Obviously with the overnight drop in silver, AYN is likely to have a bad day.
http://www.ft.com/cms/s/0/6520b326-773d-11e0-aed6-00144feabdc0.html#axzz1LVnb9gFI

I've previously bought / sold and looking to buy back in again... but not until the price of silver starts heading in the right direction. Even if AYN is able to produce lots of silver ingots, they'd better hurry up (target for 1st production was May with sales revenue expected in June). With only 7 weeks to go in this Quarter, they are quickly running out of cash... $9.6m current cash, $6.5m estimated in expenses this quarter.

Twin Hills construction programme on schedule with commissioning for full-scale commercial silver extraction scheduled to commence in the September Quarter of 2011 (approximately 125,000 oz per month)... but that's 6 months since March 2011... and they are cutting it fine. I can see another capital raising in June / July to see them through to full production start up.

Looking to buy back into AYN around 5-6c after capital raising. ;) :2twocents
 
zzaaxxss3401 said:
Looks like the Silver price took another hit again last night - currently down 12.55% ($34.55). It's now fallen $14.71 (29.8%) since it's high on the 28th April. Obviously with the overnight drop in silver, AYN is likely to have a bad day.
http://www.ft.com/cms/s/0/6520b326-773d-11e0-aed6-00144feabdc0.html#axzz1LVnb9gFI

I've previously bought / sold and looking to buy back in again... but not until the price of silver starts heading in the right direction. Even if AYN is able to produce lots of silver ingots, they'd better hurry up (target for 1st production was May with sales revenue expected in June). With only 7 weeks to go in this Quarter, they are quickly running out of cash... $9.6m current cash, $6.5m estimated in expenses this quarter.

Twin Hills construction programme on schedule with commissioning for full-scale commercial silver extraction scheduled to commence in the September Quarter of 2011 (approximately 125,000 oz per month)... but that's 6 months since March 2011... and they are cutting it fine. I can see another capital raising in June / July to see them through to full production start up.

Looking to buy back into AYN around 5-6c after capital raising. ;) :2twocents
Click to expand...
That just proves it... what ever I say... everyone do the opposite! AYN obviously just had an upgrade to a bullet-train! :D
 
The price of silver getting clobbered, yet AYN manages to go up 23% in a day.
Utterly baffling. Speeding ticket?
 
nope, because a certain newsletter made a recommendation.
buy up to 13.5 c and may see it generating good cash by September.

full production around 1.5-2 Moz /year, costs $13.5 /oz
should have first pour soon, resource upgrade soon, new drill targets and news soon.

Much upside here at the moment.
 
mr. jeff said:
nope, because a certain newsletter made a recommendation.
buy up to 13.5 c and may see it generating good cash by September.

full production around 1.5-2 Moz /year, costs $13.5 /oz
should have first pour soon, resource upgrade soon, new drill targets and news soon.

Much upside here at the moment.
Click to expand...

I just read that D&D article with interest. I was very surprised to find it doing a google search. Must be an influential newsletter to cause AYN to go up 23% when silver prices are plummeting. I wonder how many people are subscribed to it.
 
LifeChoices said:
I just read that D&D article with interest. I was very surprised to find it doing a google search. Must be an influential newsletter to cause AYN to go up 23% when silver prices are plummeting. I wonder how many people are subscribed to it.
Click to expand...

If you are into AYN (I am up to my neck) then it is a very bullish report all round. But its just a report, one should always DYOR. You can find the report here:-

http://www.portphillippublishing.com.au/osi/issues/osi201104silver.pdf

:)
 

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