AYN

Discussion in 'Stocks & Derivatives' started by KnK, Nov 10, 2011.

  1. KnK

    KnK New Member

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    Does anyone know why Alcyone sold some of it's leases at Twin Hills and who they sold them to.
    It seem strange that they are cashed up and setting up for 7-10years but selling sections off.
     
  2. euphoria

    euphoria New Member

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    Huh? link?
     
  3. SilverSanchez

    SilverSanchez Active Member

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    Yeah they sold the twin hills project to a junior i think "invictus" but not sure
     
  4. KnK

    KnK New Member

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    Many thanks for that SilverSanchez.
    I will look up Invictus.
    I have little faith and always question the reason and what others have to gain. I have learned to trust only when the people have proved to be trustworthy.
     
  5. KnK

    KnK New Member

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    Euphoria,

    I thank you for the response but did not understand the comment "link?"
     
  6. SilverSanchez

    SilverSanchez Active Member

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  7. KnK

    KnK New Member

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    We thank you for that Silver Sanchez.

    The ASX shows AYN sold off some leases and our inquisitive minds clicked into gear and came up with a variety of questions / possibilities (and some answers).

    Just doing a bit of homework before taking action.
     
  8. KnK

    KnK New Member

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    SS -I forgot to put the thanks in the correct box. It comes up in the posting section. Many thanks KnK
     
  9. KnK

    KnK New Member

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    SS - Tally Ho is just out of Mackay - Comfortable with that decision - Makes sense (to us at least)
     
  10. euphoria

    euphoria New Member

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    Was after a link to the announcement or article.
     
  11. KnK

    KnK New Member

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    Nothing that simple Euphoria.
    We were researching AYN at the ASX prior to making a share purchase and discovered they had sold some leases.
    My / our minds took us straight down the doubting Thomas trail to wonder why they were sold and who had purchased them. (Who stood to gain)

    SilverSanchos, kindly informed us it was lease called Tally Ho which turned out to be a bit S/West of Mackay.
    It seems they were divesting themselves so they could concentrate on their prime lease which would have most likely freed up some capital.

    We are getting a hang on this forum stuff now.

    Euphoria, many thanks for your help and cooperation

    KnK
     
  12. euphoria

    euphoria New Member

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    No worries. How very polite of you. All the best. I also hold AYN
     

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