I think we're waiting for the next leg, Buckland- the news that re-rates. The trading has slowed down a lot for MOY, with less volume. Buying/selling piles (encouragers/discouragers) are placed and removed each day, depending on where the powers that be want the share price to go. The markets have been pretty dreadful for days in a row, so I reckon being @ 3c is ok. We know more news will come in November and December- 6 weeks is a long time for a share. Meanwhile, options become available at low levels, so can be bought and converted. I reckon we'll be above 3c by conversion time, and there may be that re-rating opportunity. Can't wait to see those options converted into $45m.
MOY Price at posting:
66.0¢ Sentiment: None Disclosure: Not Held