Moy had its run 12 months ago based on potential, but has now come back to earth.
Now the market wants to see some real outcomes like final decisions on underground mining and sizeable resource upgrades etc before it is repriced. We’ve had many good drilling results but few substantive upgrades.
I’m quite confident that this is all going happen (otherwise I would sell up) but I’m not expecting a big move in the sp until the decisions are made and resources are confirmed.
Of course if someone was to find a couple of nuggets laying around the place it could be a different story.
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