Been trading MOY for a couple of years now, riding through the highs and lows. MOY has treated me very well and I tend to hold a certain amount just in case. They have been working really hard and are on track to deliver more ounces later this year. I think the downtrend in SP in mainly due to lower gold price and also this June quarter looks like AISC is going to go up. Not looking good in the short term, meaning time to buy some when it hits mid-teens. Could MOY be possible takeover target too if the SP keeps going down and ounces keep piling up?
MOY Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held