Ann: 70% Increase in Ore Reserves at Nullagine, page-9

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DemGainzz

292 Posts.

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06/02/19

08:09

Post #: 37343399
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Originally posted by flaming: ↑

@stix 14
@bertie

I really didn't wanted to break the news.........but this chart below says it all.....and it was saying when the share price of MOY was 19c. in late November 2018.

View attachment 1436799
(From the chart above I have never ever bought or hold BLK and GCY at any price.....both are absolute garbage.)

Now the MOY share price is 21c.
MOY is fully priced in fact a little bit overvalued.
Time after time there are pumpers who appear here.
30c.....40c....upto $1 dollar target. I don't know what are they smoking???

The only thing one has to ask is what has MOY done in the last 2 years and what it will do in the next 2 years. It has only increase its mine life just a little more than it depletes. Management & workers are getting paid. How are the shareholders going to be paid?????
I really don't see MOY will be in a position to pay dividends for the duration of its LOM period. The only way to make money here is to trade the dog. A while ago there was a report from Mr Bob Moriarty mentioning MOY business as an employment agency.

I know a lot of people are going to be upset reading this. I have been a bull on MOY for a very long time.
It served me well. But in the last year lot of other opportunities got created, since then I have been neutral to negative on MOY. Right now I would only consider buying below 18c, that is if no other fundamental changes.

Another comparison chart

View attachment 1436817

Sadly MOY didn't make into this comparison chart.
If it was it will standing in between Doray minerals and Saracen minerals. Richly valued.

View attachment 1436821

Expand

I am starting to feel the same way. We are in pretty much the same position as we have been for the last 2 years but the SP has been dropping. My biggest hope is that it gets added back into the all ords index

MOY Price at posting: 22.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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Ann: 70% Increase in Ore Reserves at Nullagine, page-9

Top Stories

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

HotCopper Highlights: Your most watched stocks for Week 47, 2024

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Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

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MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

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Sales growth pushes Lovisa's fortunes (and shares) upwards