Having been a holder of MOY for probably far too many years, I have patiently waited, and waited. We are still essentially waiting.
Despite what is now 12 -18 months of 'good' 'outstanding' 'exceptional' drilling results we still don't have a few basic things:
- Mine life extension confirmed with a plan of which section will be dug next, what the forecasts are etc etc
-Dividend to shareholders, companies exist to make a profit for holders. All current profit is back into exploration. At the current rate if everything goes amazingly its probably five years before shareholders see a dividend. Yes wipe that shock off your face I said MOY and dividend in the same sentence
It is too late for me to sell out, but every few months I check the chatter on this. It doesn't change much over time. Share price goes up a small percentage when a drilling announcement comes in, then goes down, fact is we are down 300% in five years.
2015-2016 holders are laughing but still need what we all need.
Return on investments - dividend, and this looks like a long way in the distance
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