Ann: Appointment of Managing Director, page-29

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16/08/19

11:57

Post #: 40015110
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Originally posted by Fish3: ↑

Strange that MOY kinda went down on the news of a new MD with extensive mining experience rather than up. Maybe folks see it as our major shareholder now starting to call the shots as Black Cats good friend TX Rogers suggested on Stockhouse? Which could be good, or bad depending on the call.

Personally, I've no idea, but if as some others have suggested, there were some personal issues between CEO's of MOY and NOVO that precluded cordial relations, then maybe a new CEO may be a good thing? I certainly do think we should at least be exploring any toll-treatment proposition from NOVO for Beatons Creek ore if that is able to be effectively processed at MOYs plant (i've no idea). Given soo much funding has gone into the plant it would be crazy not to maximise its use, and have a back-up feed and income stream if the current MOY mines and prospects start to run out in a few years. I'm aware ARV fell into the trap of believing NOVO would use its plant at Radio Hill to process ore from Comet Well and Purdy's Reward, only to have NOVO shy away from the conglomerate play there after ARV spent the last of its $ on refurbishing their plant and adding a gold module. So certainly MOY would need to be very wary of NOVO given its somewhat deceptive history, but hey, knowledge is powerful thing and can be used to your advantage. MOY have something NOVO really need to get Beatons Creek up and running, they cant afford to build their own plant from scratch (or to wait for it) so its time for some deals, advantage to MOY!

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Great post.

For me investors won’t get in to Moy in a big way until the company provides updated production and AISC guidance for the next 18 months.

MOY Price at posting: 11.8¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Ann: Appointment of Managing Director, page-29

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Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

BCI reaches close of funding facility for salt-first part of Mardie project

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Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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