@stix 14
@bertie
I really didn't wanted to break the news.........but this chart below says it all.....and it was saying when the share price of MOY was 19c. in late November 2018.
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(From the chart above I have never ever bought or hold BLK and GCY at any price.....both are absolute garbage.)
Now the MOY share price is 21c.
MOY is fully priced in fact a little bit overvalued.
Time after time there are pumpers who appear here.
30c.....40c....upto $1 dollar target. I don't know what are they smoking???
The only thing one has to ask is what has MOY done in the last 2 years and what it will do in the next 2 years. It has only increase its mine life just a little more than it depletes. Management & workers are getting paid. How are the shareholders going to be paid?????
I really don't see MOY will be in a position to pay dividends for the duration of its LOM period. The only way to make money here is to trade the dog. A while ago there was a report from Mr Bob Moriarty mentioning MOY business as an employment agency.
I know a lot of people are going to be upset reading this. I have been a bull on MOY for a very long time.
It served me well. But in the last year lot of other opportunities got created, since then I have been neutral to negative on MOY. Right now I would only consider buying below 18c, that is if no other fundamental changes.
Another comparison chart
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Sadly MOY didn't make into this comparison chart.
If it was it will standing in between Doray minerals and Saracen minerals. Richly valued.
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