It is just a simple message (other companies do it all the time)...

It is just a simple message (other companies do it all the time) but for MOY it is a big step forward.

In my last note on MOY I already spoke out my trust in the management team. After this message I can repeat myself. But make no mistake. This is a huge announcement with much more "depth" in it behind the scenes.
Management is giving shareholders a big boost with this announcememnt. Implicitly there are telling us: dont you worry, we also think that the SP does not reflect the true value of this company. Therefore this is not the time to issue more shares. The provider of the facility (a wellknown name in your country) also puts its trust in the company by approving this facility.
The management also puts its trust in the "growth story" of the company. Also a big step forward. MOY can really become a miner on a bigger scale (scale brings higher valuation on the horizon).

So to all the shareholders who got tired of the bad performance SP of the lasts months the company is saying: we will do anything to bring this company on a higher level. But not only that but we will also pick the best way to get there. NO new shares but a creditfacility. If the POG will stay at the AUD 1,700,- level I think shorters will think twice to "short" this stock.

So I am happy today and will keep my shares of MOY till the fruits are ready to pick. For me that is a level of the SP of at least in the thirtys. So welldone management.