on 5th March 2014, Alcyone is asking more money from Alcyone share holders by issuing Right Issues. Which means Notion has to inject more money to the company. At the same time, exploration has to be suspended, but silver is still produced from the heap.
Then 18th March, ASX, the Australian Stock Market operator suspended Alcyone's listing in failing to provide Financial report! The Alcyone management has come out to explain that it was done deliberately in view of the proposed right issue. I find this baffling, Why can't financial report be provided with a planned right issue? I could only speculate the report might be very poor.
Not a good development.
Happy Investing !
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