MOY 0.00% 5.1¢ millennium minerals limited

Ann: Guidance Update, page-46

  1. 1,270 Posts.
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    Sounds like MOY is in need of a good QTR where everything is at steady-state rather than having major expansions and upgrades. That way the background ASIC can be seen without the confusing cloud of cost associated with development obscuring the average ongoing costs vs income. Looks like our new MD may be looking at doing just that for the next Qrt by delaying further expansion plans for awhile. Upside is that we should get a better Qtr report for the Oct-Dec Qtr, downside is that it's a long time until the end of January to find out in the Qrt report. I guess that has been factored in by folks who are bailing on the latest announcement to sit back and watch for awhile. Certainly can't see any positive news coming out between now and then to help lift the SP. Not even monthly production numbers, which will actually decline from the last report presumably, to 6,670 Oz, in line with the 20 Koz Qrt target. But happy to hear if anyone has any thoughts on upcoming positives?
 
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