MOE 1.76% $5.21 moelis australia limited

On monday morning thought it was going to go to 60 cents no...

  1. 5,599 Posts.
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    On monday morning thought it was going to go to 60 cents no problems!If someone said to me on Friday night it would be at 51 cents at closing today I would have said no way.

    Haven't really got any ideas other than that this has never been a favourite with the Aussie market-not in comparison with other companies anyway.The volume except on a few occasions has been pathetic.

    The Canadians know what they have got and are pushing it up accordingly-just hope the Aussie market keeps following it.

    Next mths resource estimate should see more action if not sooner,but would not be surprised to see it back at 45 cents either who knows with this one.

    Just when I think it is going to run to what it is worth it has always disappointed.

    Longer term I think it will do very well,if it stays around these levels at Christmas I'm bailing I would have lost my patience with it by then.

    Cheers
 
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Currently unlisted public company.

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