re: News: Millennium ramping up profitable go...
I have been a knocker of the Management main due to a few decision they made which to me has caused the market to stay clear of Moy and let the SP fall.
However the upside to the MOY story is that they are at least paying off debt at what appears to be a very good rate. Once the debt is repaid then the monies going to the debt repayment become profit or at least releases monies for further expansion.
At the current SP one needs to seriously look at least placing it on a buy watch and if the SP starts to trend up and continues to go then one would consider a buy.
I will wait and see what the December quarter brings also.
Mine life ATM is around 7 years and with further exploration it should start to move to around 10 years.
These are my comments not meant as a trading guide
DYOR
MOY Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
