The market has severely discounted it based on cash-flow issues as raccoondog mentioned, The question is whether this is oversold or not, and how much management can achieve with re-negotiation of principle payments.
I think insiders are buying into this volume on anticipation of a good outcome. The large sell volume is coming from index funds forced to sell. We shall find out soon, AUD Gold at $1513 at the moment. I think the new LOM is using a long term average of $1400.
MOY Price at posting:
12.0¢ Sentiment: LT Buy Disclosure: Held
