MOJO, I am a big fan of MOY, even moreso after watching the new video out. From the video- aims: 77,000oz produced by year's end; debt @ $25m; overall aim to be a 100,000oz gold producer; possible dividend policy in 2014, after capex spend, etc. All good!
My comments on share price relate only to IMC. They have bought on dips, and the last dip was 24c post-consolidation equivalent. I am not sure the dips can continue at this level, though, when MOY keeps kicking goals.
Beardy, of the $6m, with $3m going into the reserve debt facility, and $1.5-$3m working capital, it ends u having a fairly neutral affect, imo. Cash in itself usually has some discount, because it goes.
If we see MOY as a $100m company currently (market cap of $63m + debt of $37m), then as MOY pays debt down to $25m, the market cap *should* rise to $75m. Depends on what IMC wants, though.
MOY Price at posting:
29.0¢ Sentiment: None Disclosure: Not Held
