I gave my reasons a while back why I sold out for a $20k loss. I did not like their financials and they were spending too much on capex etc relative to cash inflows. I decided to recover my loss elsewhere rather than buy in again when it more than halved from my exit. In hindsight buying MOY would have been a good move since it more than doubled on hopium, but hindsight is always a winner and that short term recovery may not have happened.
Perhaps admin will not mean the end for MOY, just significant share dilution to existing shareholders. Its impossible to say, and may depend on whether the new plant to extract more gold from the sulphide ore is working to specification and exploration luck (if they have money for that activity).
I traded MOY a couple of times successfully, but the final loss probably took all, or most of, my previous gains.
GLA.
loki
MOY Price at posting:
5.1¢ Sentiment: None Disclosure: Not Held
