Grabbed 40k @ 0.215, close enough. Promised not to look at...

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AlbertM

266 Posts.

28/11/16

16:39

Post #: 20940251
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Originally posted by smit2100 ↑

Totally aligned with your comments and your not on your lonesome on unfamily friendly fly in fly out rosters. Unions in WA would have a field day with a 4 and 2 roster. Thats 4 months on and two weeks off . That said, I have worked on a 2 billion dollar gold expansion project this decade closer to home and unlikely to see anything near that magnitude being spent on a mining project for the rest of this decade or early next.

That said, you don't need a 2 billion mining project to make paper money. Nothing wrong with buying MOY at 20.5 cents today if you caught the low. Seems like some smart investing (trading or not) getting in at that price. If you traded it by lunchtime, you made you annualised ASX type returns of 12% within a couple of hours. Hold on for a year instead and who knows. Plot a straight trend line on the fy2016 price graph and 40 cents does not seem ridiculous as it sounds by this time next year, especially when you take into account, not all producers book quarterly revenues and have project payback periods that are based on current spot gold pricing.

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Grabbed 40k @ 0.215, close enough. Promised not to look at commsec until next year.
There is a lot of miss-information, for us in mining, 2017 may give us slight improvement in job prospects, not salary.
Wife is coming to Saudi, she's looking for a burka hahhahha.

MOY Price at posting: 22.5¢ Sentiment: Sell Disclosure: Held
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0 Great analysis

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