MOY investors are one of the best positioned shareholders on ASX...

MOY investors are one of the best positioned shareholders on ASX in my opinion.
Why?
Let's have a look to the world wide economy...
The "never has been tried before" money printing experiment from all the central banks on our planet has blown up stocks, real-estates, bonds...whatever.
Yields were near zero and have created a debt tsunami, that is raising and rolling and rolling to us.
Banks all over the planet are struggeling hard and some are just collapsed without creating attention.
The whole finance system is worse unhealthy and the desease of this system is now showing the first symptoms.
Economy worldwide is down very hard.
Have a look at the baltic dry index for example:



The oil imperium is struggeling very strong too.
This all are signs, that we are driving into a worldwide recision.

In this times, all people over the world are craving for security.
And we all know, that GOLD is the most asked thing, when people are concerned and feary.

So, what do we have here?
One of the biggest chance, that past my way ever!
The negative news will flow in and will be bigger and bigger.
That is perfect base for a raising price of gold.
Did you ever had the dream to be one of the first in a row.
Here you do have it. A unique chance.

http://www.*****.com/LFgif/au3650nys.gif

The price of gold has been fallen since 2011.
It seems next cycle started and the crises from 2008 is a childbirthday in relation to what is coming soon.

Back to Millennium Minerals.
MOYs rebound potential is very huge as you can see in following chart:



In 2014 the Chairman changed and Richard Procter has been appointed.
As a christmas present Mr. Dovaston has been appointed 18th December 2014.
He changed a looser stock into a profit company and cut costs very good.
One of the rare people in the business you can trust.
He is a "Promise and Deliver" honor person.

If you have a look at the board, you can see that Greg Bittar is also an executive director.
He is well connected in the finance sector, what can be very important.

Board of MOY

The look into the top 10 holders could be very interesting too.
One of the biggest holders is IMC. A finance group. We have a member of them, Michael Chye, in our board.
You dont need to be a hyper brain to know, what they want to do with their investment in MOY.

MOY is backed fine with capital currently.
743 mln shares at current level after todays gain up to 6.8c gives a market cap of 50.5 mln AUD.
With current free cashflow about 28 mln AUD this gives a P/E ratio still under the factor 2!
A gift still at current levels.
Cash at hand was 11.4 mln AUD and raised by today. Current debt of about 2.5 mln AUD will be repaid until end of next month.
You can ask, why they do not pay the debt now, and do not wait until end of March.
Pretty simple....this would cost the company round about 30.000 AUD, to cancel the debt contract before lapsing.
And this is one good example, how serious Mr. Glenn Dovaston is handling our company.

Here you can get an impression of our CEO with the last interview from September 2015 at Recources Rising Stars meeting.


There are hedged ounzes that will be served in the next three month it seems.
A very good situation for MOY to get the total spread of production cost and gold price.

All what the board needs to do is to drill and to widen the resource.
There is so much potential to extense the mine life and some very good drill results have been announced in the past weeks already.

Here is the Research Report from Argonaut and Beer & Co., December 2015.
Beer & Co. Research Report 12/2015
Argonaut Research Report MOY 12/2015

Here is the last research report from Beer & Co.
Research Report Beer & Co. MOY 20th January 2016

The fair value from Beer & Co. has been calculated at 14.5c.
So more to come.
We only have to wait for the resource upgrade and the valuation will raise extremely well.

The prognosed calculation from Beer & Co. have been at a gold price of 1625 AUD.
While i am typing, price of gold crossed the 1700 AUD mark. Very fine.

Have a read on the last Quarterlies and you will get a clue, on what we are sitting here.
Quarterly Activities Report
Quaterly Cashflow Report

The last presentation from October 2015 you will find here:
Millennium Minerals Investor Presentation 10/2015

MOY has overdelivered in the past months on every fronts and is building attention now.
So the people who are very informed and did research have the chance to get in at this chaep prices.
Think about, what will happen, when more and more money flows and shift from the other sectors into gold and what will this mean for MOYs shareholders.

I think we are sitting on a xxbagger here.

Please do your own research before investing.

Good Luck,
Mikrokosmos