Australian Silver miner Alcyone Resouses Ltd has announced it has Produced First 100,000 Ounces of Silver at Texas QLD, 4385. View Company Announcement at www.alcyone.com.au
Classic example of another mining stock under the boot, soon enough the owners of the boot will end up in jail or be forced to flee
I don't know much about shares, but I saw this... :O Holder Name Shares Percent 299,240,643 22.74 JP Morgan Nominees Australia Limited (Cash Income)
This is quite normal, it just means they have been provided shares as collateral for loans or they have directly invested into the project. I'm not sure about this but i didn't think any silver mines were making profit even at the current silver price, that's why most mines only come up with silver as a bi-product of whatever they are there to mine.
The initial point of reference for this share AYN.AX is The Daily Reckoning website... The Two Best Silver Speculations on the ASX Silver Speccy 1 is a virtually unknown 29 cent miner that's still two years off first silver production. A lot needs to be ticked off in that two years. But if the market valuation of this up-and-comer's peers is anything to go by... it's share price is in for an exciting ride. Silver Speccy 2 is even more exciting. It's a smaller company, but much closer to production. It could be the FIRST EVER pure Aussie silver miner to pour silver bars. If you have the risk tolerance, and you're bullish on precious metals, these are two powerful stocks to add to your portfolio. To learn more, please refer to dailyreckoning.com.au
GEEWIZ states- 'Classic example of another mining stock under the boot, soon enough the owners of the boot will end up in jail or be forced to flee' Dunna understand...Care to pls explain Mr Wiz?
Sure, Gold and Silver are obviously suppressed and that's makes the mining stock suppressed plus the general mining industry is shorted by the big boys. Foremost though is when people flee currency for something they have to park there money somewhere making physical gold and silver harder to come by through demand. Wealth will then likely to be poured into gold and silver mining stocks in my opinion. So the owner of the boot? its the evil banksters and usual Illuminati suspects with their kill-us-all agenda.
I own shares in AYN. They used to be called Macmin silver, around GFC time. They basically went broke, but not 100%. Then they changed their name and existing shareholders got shares in the new Alcyone company. What this meant for me was that my $700 speculative investment turned into $40. If they can make money, then good. But keep that history in mind. They might not be too good with their finances.
Very interesting.... a higher silver price now compared to GFC time may keep them afloat this time around... but thanks very much for the heads up Dogmatix
