I have been a holder of MOY for a while and watched a steady reduction in share price over this time. Understanding that the company has a relatively large amount of debt, with a sliding gold price most of production will go into rapying debt I think they said about 65% in the last announcement.
So I guees my question is where to for MOY in 2014. Produce gold all year, pay off debt. Work towards a payout to shareholder in 2015 to 2016 ???
MOY Price at posting:
19.0¢ Sentiment: None Disclosure: Held