Ann: Quarterly Activities Report, page-2

What can be said other than its a disappointing report.
Yes, the ramp up is delayed a little, but now ongonig and they are starting to stock pile sulfide ore which did cost them hence, the higher AISC, but... mistakes have been made and they are now having to change the mine plan slowly.

That being said, they did mine 25k of gold, which is quite impressive considering the grade was lower than planned.
If they fix the U/G and the new expansion goes to plan, MOY will be a bargain at this price, but... management have to date, been quite good at hitting their targets, this is not one of their finer days. Although I do still respect their transparency.

The rest of this year is important. The MOY team really need to focus on the operations and almost nothing else. Sure, a bit of exploration is fine, but... I do think they should reduce it a little to ensure things don't get tight.