There is nearly $1 million dollars worth of buyers on the bid at 2.8c that could be dumped on any time which is very gutsy if its just to pump the price.
Someone is still selling a line at 2.9c. My guess is IMC has to sell some MOY due to their takeover of LRF. If IMC buys LRF as they are trying to do they will end up with well over 20% of MOY.
Once the selling stops at 2.9c the next leg up will begin, will be ahrd to time as the brokers who are selling will know when the line is finished and you can bet their clients will come in straight away. This will create the run and the gold pur will push it more.
I have a 5c target on this one over the next month.
MOY Price at posting:
63.8¢ Sentiment: Buy Disclosure: Held