Hi guys, Sorry about not posting earlier but have been out on a friends farm today. Re the trading halt........ The new ceo had a group of investors/analysts tour the mine production site earlier this month from memory and was doing a presentation to the board a week or two ago with recommendations on the forward plans etc. I phoned him earlier this month to congratulate him on the excellent progress he was making with the organisational review and reporting of his plans for the company. After reviewing the announcements, I suspect there will be an expansion of the processing facility which I expect will require funding. The U.K institutional investors have funded the the recent capex/opex by way of the last cap raising around 10c and I'd anticipate there might be another to get the feed rate maximised through plant upgrades etc to take advantage of the sales potential. There's no point having a heap of resource and a processing plant without being able to operate it to achieve maximum output and therefore sales. Possibly a 6 month plan involving a capex to maximise production and would expect the institutional investors would be on side with funds but will have to wait till the ann' ( monday prob'). I've heard a couple of rumours myself about one of the big identities in aust' mining becoming involved but I'll believe that when I see it. I think MOO is a "buy" sentiment, not a "strong buy", until I see the results of the recommendations to the board and if they back Christie.
MOO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
