The smart money (people who move the markets) are finally moving in.
It takes big money to move the stock. So from 145-185, quite a move. (~25%)
During the weekend I sat down to find some dogs. Most of the dogs are complete junk.
Some are valued way way higher for nothing. There is no income coming, hardly any money in the kitty and they are valued for 40 mil to 180 mil. I came across PNR. Less Resource and less reserves than MOY.
I can't figure out why would this company be valued more than MOY. Maybe there are some metrics I am not aware of.
Anyway, I came to the conclusion that MOY and some well known junior miners are way way discounted by the market.
MOY at 30c would not be a stretch by any valuation metrics. Let alone the exploration potential.
So, I think the smart money has noticed MOY, and will be slowly taking position. More and more will join further increasing demand eventually pushing the share price.
I feel like come back in a month and see where it is trading.
Any guesses guys.
MOY Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
