your posts are most interesting, but lets look at moy from the beginning, a new company, new infrastructure and expected to produce between $40-60 million per year after start up, out of that a pay back scheme to reduce debt which would have been achieved after two years.
so what in fact occurred, initial sp around .07c fell to around .03c, then a consolidation 10-1, sp .40c, today .115c, then a $7m loan from imc
whats happened in the meantime, ah yes it rained, and trucks couldn't use the roads, at least the shire fixed the roads, what has the bod done to fix all this another hedge at almost 1/3rd of production for next two years, so I ask, what is our bod doing for the next two years now that they have secured the future of moy, still receive their remuneration no doubt, how many meetings will be held, what do they anticipate talking about, ah yes pog and the weather.
MOY Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
