Some very impatient hands were holding MOY for a quick bump but I have always believed they are a 6-12 month hold minimum. Need to wait for earnings to watch that cash at bank grow.
The hedge we have in place for 23k ounces from memory still has until the end of September to deliver and it's a price of 1620? That's still well above what they got for their hedge price in the prior quarter. If management want they can sell majority of gold produced into the spot which is above 1700.
I'm looking forward to further drilling results.
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