MOY 0.00% 5.1¢ millennium minerals limited

Ann: 2018 Production Guidance, page-6

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  1. 2,798 Posts.
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    Not sure it can be misread. It seems to me that MOY have stated today:
    (a) a measurable date when they'll achieve the 100koz p.a target aka Dec qtr;
    (b) pre-stripping q2 and q3 will increase apparent or interim AISC but targeting A$1280 ~ A$1350 CY18 ... as in this calendar year. This against a soft gold price somewhere around A$1700...
    (c) they've been focused on about this target now for quite a few months so I think it might be read like, "... we told you we would, we are now going to, so stay tuned..."

    And most importantly, shouting from the roof tops, they are demonstrating that they know exactly where they are headed and the 100koz p.a. target is clearly understood by MOY and is now inevitable IMO.

    I think its a good announcement ... more commitment, less airy fairy

    Having said that, the market will likely trash MOY...

    have a great day
 
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