Ann: $15 Million Fully Underwritten Rights Issue, page-17

thanks.

yes moy is an oddity  and seems happy to bubble between say 17.5 -> 24.5 despite anything and everything happening in the world. 

my sense is that this fall is underwritten by the right sissue ... maybe people taking the opportunity to lower their average buy price from wherever they were to 16.5c ... tbh I expected it would get closer to 16.5 ... maybe that rush is on its way.

otherwise moy should be moving forward on the back of improving gold price.  they seem to be ticking the boxes and but for visibility of longer mine life, they have not been lazy.  i recall even when they boasted rolling 100koz achievement, mr market hardly raised a yawn.

I think they are about 1 month from some serious commissioning ... it will either be a roaring success or dismal failure.  I'm tipping at worst OK news, at best great news and success.

here's hoping.

have a great weekend.