I am interested to hear what others are thinking around Moy’s recent restrained s/price action, given the significant upside to the stock of a successful plant upgrade.
The questions I have been asking myself are:
1) Is the development of Bartons and the sulphate plant ramp-up going well, but the s/price subdued because of the looming poor June cash flow report? 2) Or are there issues with Bartons and the plant, but the high gold price is propping up the s/price at its current levels? 3) Or is it just too early to gauge whether the project will be successful and the s/price will move dramatically when this information finally becomes available.
My opinion is that is probably more likely point 1, but am Interested to hear others insight.
MOY Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
