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Aya Gold & Silver Inc AYA


Primary Symbol: T.AYA Alternate Symbol(s):  AYASF

Aya Gold & Silver Inc. (Aya) is a Canada-based silver producer with operations in the Kingdom of Morocco. The Company operates the high-grade Zgounder Silver Mine and is exploring its properties along the prospective South-Atlas Fault. The Zgounder Silver Mine is an underground silver mine located approximately 260 kilometers (km) east of Agadir in Morocco. The Zgounder mining permit covers over 16 square kilometers (km2). It owns 100% of Zgounder Millennium Silver Mine S.A (ZMSM), which owns the Zgounder property. It also owns 85% of the Boumadine polymetallic project and owns the permits related to the Amizmiz, Azegour, Zgounder Regional and Imiter bis properties. All of these properties are located in the Kingdom of Morocco. Aya owns 75% of the Tijirit project located in Mauritania. Aya also owns Tirzzit Project, which consists of seven permits located approximately 25 km from the Zgounder property. Its wholly owned subsidiary is Aya Gold & Silver Maroc S.A.


TSX:AYA - Post by User

Post by retiredcfon Aug 31, 2017 12:08pm
288 Views
Post# 26642507

No Logic

No LogicThere have been frequent examples within these markets where the trading in particular stocks shows no logic. The SP will fall for no reason for a number of weeks and then suddenly rebound.

TSGI would seem to have fallen into this category. They had lots of insider buying and then released good results on 9 Aug. Concensus targets were raised to $31 and the SP responded accordingly, rising to over $24. Since that time, we have dropped approx 13% for no specific reasons that I can see. So you can pick from non specific reasons like market jitters (Trump/North Korea, etc.), profit taking or short selling. While it's certainly annoying, from where I sit, the fundamentals are just as sound as they were on 9 Aug so eventually the SP will once again reflect that. 

In the meantime, enjoy what's left of the summer and/or add to your holdings. GLTA
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