I'm not easy to please - I'm just a realist. Regardless of which company you invest in, all of us small shareholders will be screwed over. The question is whether in the medium - longer term management creates value for us small shareholders.
I see this is a very positive sign for the company as all the major players are giving the company a seal of approval. The banks and the instos in particular. I have always thought that they might do another capital raising as their cash balance was line from when they last raised capital. It funded them to production, but didn't leave much for operating costs post consturction. With this raising, I'm very sure we will not be tapping the market for a while (if ever). All their cash requirements should then be funded by sales - For the gold punters to see what could happen once the company is producing cash flows and continue to have positive exploration result, look at NST.
Moving forward, we will start mining in June so will start seeing a slow appreciation in the share price.
MOY Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
