MOY:ASX - Millennium Minerals Limited
Robbo24's idiosyncratic opinion: watchlist because it might go up
I think the fundamentals are great, $20m cash on hand, high cash flow, only hedges are above the current AUD gold price and no debt. Currently drilling to increase life of mine. PE ratio of somewhere between 2 and 3! Recent trading update tells a great story.
Technically speaking, just scribbling on some squiggley lines... Inset pics are a picture of a bullish triangle breakout and also the AUD gold price. I'm cautiously optimistic that MOY might get some traction upwards. Yesterday's close above 25 cents could be a nice little sign, given that it hasn't happened in nearly 3 years. The weekly chart is particularly telling, below.
Day Trading 20 July Pre Market, page-2
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