From the Drilling results you get basically no direct indication...

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Peterkles

24 Posts.

05/10/17

20:41

Post #: 27695460
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Originally posted by flaming ↑

Hi Guys,

To say I am disappointed would be an understatement.
Not happy with Gold, Gold stocks in general and MOY.
It is just not happening.
Far too many good announcements in the last two months, yet no to little share price appreciation.
In fact the share price went down.
I know there are bots working, but they are everywhere.
A good demand of shares should overwhelm the bots.
The bots operator are trying to make money just as we are.

Maybe I can't see what others are, but I don't see anything wrong from the management side. Maybe I am biased.
Or other reason could be there is just so much, so many bargains in the gold space that MOY is not a top priority for many investors.
Its been a very difficult time in the gold space.....far too long than I had ever anticipated.
The most patient man will run out of patience.
Recently there has been few merger and acquisitions happening in the gold space. RED5's taking over two old mines from SAR and Goldfields. RMS taking over Evoulution's Edna May mine. (This one has raised a lot of curiosity & confusion in my mind)

By the way if there is anyone with good knowledge about mining and geology, what does all this outstanding drill results mean at the end. i.e At the end of 2017 how much mine life would MOY have increased after spending 20 million dollars. It has to be meaningful otherwise we are spending too much money for too little return.

Thanks in advance.

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From the Drilling results you get basically no direct indication (there is a indirect indication in the long term, of course) for the extension of mine life. These results are in the area of exploration drilling, so to find new resources. After exploration you drill additional holes to move the resources up to mining reserve. Usually you do not report this results (as you reported them already as part of exploration).

MOY Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
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