It is interesting to see that the SP of MOY is moving around the 16,5 to 17,5 cts. It has come off from the 20 cts. level. I fully understand the proces of SP fluctuations when a company is in a equityraising proces. It is the way these things work. But take a step back an try to oversee the whole proces. MOY is a company with a management who up untill now delivers what they promise (I like that a lot). And not only that but they are really working on a brighter future for MOY. I believe the words of the management. When you look around you can see that companies like RMS and GOR for example, after a long period of "show me the evidence first", have finally entered a period of a re-rating of their SP. And right so. It is not that hard to see the same will happen with MOY when the equity raising is behind us and the management keeps on delivering. It then has at least some catching up to do. From a investors perspective: there is some value to get your hands on. I would know what to do with for example with my NST shares.
MOY Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held