Hi Robbo, Moy announced its first quarter operational downgrade in March around the same time as the S&P rebalance and then later that month we witnessed the unexpected and unexplained resignation of a popular and successful CEO. Since then further operational downgrades have impacted the price and obviously kept the big boys money in their pockets.
However, to the new management’s credit they have weathered the storm and stuck to their exploration program and strong results have followed. And we now confidently await much stronger cash flows, a resource and operational upgrade and a rising sp in a period of high $A gold price. The big boys are a conservative mob but their interest will follow.
MOY Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held
