New to this stock in that I only bought in recently after seeing that strong move. I should have bought into it a little earlier but I guess the research didn't sink it till it had bolted :( That said, the only reason why I bought it is that I feel its still got a long way to go. A tad over valued IMHO on the following factors; * huge resource * possible 'super cycle' for gold (on everyone's radar now ~ truly) * continued success in drilling * low mkt value compared to peers e.g. Bendigo, Bolnisi * "celebrity" management * possibility of takeover * simple geology = lower risks of production * low costs of production
Being in the DRC is definately the number 1 reason why this is being discounted. But if the management are credible and reserves are on the $, then this should have continued upside - at least $2 once the resource revision/update is out. Plus the good thing is that Africa is now being a focus and DRC seems to be a reasonable place to be - despite the risks. If Moto can't handle it, then someone like AngloAshanti can certainly take it to production.
Good luck to all holders!
DT
MOE Price at posting:
0.0¢ Sentiment: None Disclosure: Held
