Glenn Dovaston said in todays announcement:
"We are delighted with the Quarter’s results on every level and we believe there is much more to come for our shareholders.”
After MOYs rebirth from 0.03 AUD times, the researchers and lucky early ones bought in and used the capital raising for 0.04 AUD...;-)
MOYs shareprice raised until 16c and cosolidated at 12c.
The smart ones unsed this consolidation to top up massively..;-)
Proper researcher did know, that this was only the beginning of a bright future.
The brilliant management and stuff have turned MOY into a high profitable gold producer with huge potential.
The only reason, some people didn' used the silly cheap shareprice, was the life of mine.
If you read the last announcements properly, you will be in the know, that the life of mine is secured for a long long time.
Argonaut, who was a big owner of the cheap MOY shares from 0.04 AUD capital raising sold massively in the last weeks for window dressing, or whatever. So many gold miners had a huge upside while POG climbs.
MOYs shareprice did not have this big raise, but you could have seen wonderful, what happened, when the seller had left the building a few days before.
And this is only the early beginning of MOYs way to a bright, brilliant future for their shareholders.
MOY is still absolutely undervalued.
As some here pointed out with brilliant calculations, MOYs shareprice is fair valued at 60c now.
And there is more to come.
Glenn Dovaston and his team have something, that is very rare to find in the mining business:
He always is underpromissing and overdelievering!
What do we have next?
Have a really good look at todays announcement and read between the lines...
As FullMoonFever just found out, MOY bought a significant amount of new tenements.
Who knows, what an exploration programm has to show us?
Deep Drilling Program!
This will be a very nice proof, on what MOY is sitting.
We just have 27% increase in ore reserves after a 3 months drilling program!
Have a look at the last drilling results.
I don't call MOY the second NST now, but the potential is very huge, if the brilliant geogolists find with the deep drillings, what they are searching for. Nothing more to say.
MOY is a cash machine and the big ones are waking up now and will lift up MOYs P/E to a fair level.
So, 50c isn't far away. Especially looking at the current momentum in the price of Gold.
There is rumble in the jungle on paper moneys planet.
The serious specialists are sure that a new cycle of POG has started and will last long minimum 18 months.
Whos knows where MOYs shareholders be sitting end of 2016..;-)
So i let Glen Dovaston speak:
"We are delighted with the Quarter’s results on every level and we believe there is much more to come for our shareholders.”
Good Luck everybody,
stay strong, hold your shares.
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