re: look at moe
I do believe that this stock is being re-rated. POG held very firmly today so anyone's guess about the open on Monday - probably $1.80 and a little higher intra-day. Touched CAD$8.25.
I think when compared to its peers, its prob undervalued though discount built in for being in Congo. But you can see that Congo is hotting up as a destination to be. You only have to see the attempted takeover of a company (cant rmbr name) by First Quantum (Zambia). Basically, the time for Congo could be here and Moto are there at the right time. To me the attaction is its touted low cost of production helped immensely by the simple geological conditions.
DT
MOE Price at posting:
0.0¢ Sentiment: None Disclosure: Held