MOY has become the star performer of my much reduced goldie...

MOY has become the star performer of my much reduced goldie portfolio, and is offsetting my growing loss on RSG which I have high hopes of becoming a star "in the fullness of time".

Been in and out of MOY a few times since 2015. I have been attracted by the honesty of management, the exploration potential, the prospect of lowering costs while they expand production, and benefits of operating in Oz (lower AUD/higher POG, and low country risk).

When I got back in again this year my thoughts were that MOY had better upside value than its two near peers, SLR and RMS if one disregarded what SLR/RMS had in cash, and looked through into the near term future. With the decline in the share price of SLR/RMS and the lift in MOY's share price that value gap is a lot lower.

I will continue to treat MOY as a long term self-funded exploration spec. Hopefully they can clear their debt and rebuild their cash reserves in the next 12 months.

GLA

loki