its trading at the net value of its assets, that's probably fair
doesn't matter how much gold is in the ground and how much profit they say they will get. They need to prove they can get it out at a profit
if the quarterly can show they are cash positive it should move.
Even if they aren't cash positive but manage to clear some of the money they owe it may still move. Im not talking about the loan , but the trade and payables. The annual report showed they owe 14.8 m to people.
Im definitely interested in moy but am willing to forgo the chance of some profit by waiting to see if they are the real deal. Transitioning to producer is tuff, they have had to spend a lot of money to get there. If they can show they are slowly working there way out of the red for a couple of quarters I will be in.
Hopefully I wont miss some bonza drill grades.
good luck all
MOY Price at posting:
37.4¢ Sentiment: None Disclosure: Not Held