Wedgetail Mining, as MOY used to be called, lost its way years...

Wedgetail Mining, as MOY used to be called, lost its way years ago, when it developed a focus on moly. There is new management with Brian Rear.

MOY is one of the "safest" gold companies, with a good hedging price- so not completly reliant on POG movements, debt managed (still owes $42m), a bit of cash (has $10m, expects $23.4m outflows from this Quarter, mainly from gold sales), regularly puts out updates, and is a reasonably solid performer.

Look at other gold companies- UML- will have large debt if itcomes through, and no way to pay it off unless it raises capital; TRY- still to develop a new mine, and has other ageing mines to worry about; PRU- just keeping its head above water; NCM- large debt. These are just a few I watch, none of which I hold, but in a low POG environment, if one wants sustainability (no capital raising in the short-term, and long term viability) one can only look at the safer gold companies.

Not saying MOY won't go down, becaue it still could, but watch the higher depth if MOY goes lower, because everyone will know it is good value. It is a reasonably low grade sustainable/viable project with the hard work already done.