Ann: Production Update, page-17

Hi Guys,

It has been nearly 2 months since I last posted here.

The price is still at or around 20c as I had expected.

Also the Investec loan has been drawn($10 million) as per last announcement and I expect it to be fully drawn for the plant upgrade completion.

Fair to say if I was fully invested in MOY all this time, I would be very disappointed.
I am withholding any further purchase until the results of the plant upgrade which is few months away.

From my highest probability assessment, the price is not running away anytime soon. Also from my painful experience if price finds no catalyst for upward momentum, it usually retreats as lots of tired & frustrated investors/traders tend to exit providing an excellent buying opportunity.

I will check in few months time.