"What gives ?"Certainly frustrating orevast22.
One can always reason that there are more attractive/better buys in this sector of 'the Street'.
1. trading for junior mining issues like MOA is manipulated to a large extent, not unlike the OTCBB in the United States. The game is controlled by brokerage houses and their sales personel. Really, with MOA's listing in Vancouver with its own infamous stock exchange history, would a careful investor wish to throw his/her monies in this locale of publicly traded penny issues? Proof is the never ending large volume blocks that appear at the 'ask' price when occasional aggressive buying comes in.
2. most sectors in the market move en masse, pushed to retail clients by brokerage houses. MOA shareholders must wait for the summer to finally end and hope that by October, the POG remains sufficiently high for the promotion in this sector to start.
03. Mr.Gary Woods or a member of the BOD needs to involves his/herself more actively getting MOA's story to the Street, not in Vancouver but in Toronto, New York or Chicago where positive news carries more weight with a larger investing/speculating public. A public relations campaign will make MOA visible to more serious investors who are willing to take risk. Attendane at mining conferences, interviews with credible mining newsletters and websites are badly needed.
The truth is MOA is just one publicly traded junior mining company is a sea of many. Estimating its present, not potential, value for any potential purchaser of MOA paper at any given point in time is just a game of guessing and, I s'pose, salesmanship. Only when successful production is at hand can a more precise share price figure be assigned to MOA paper and that may be 18-24 months away. It's all guessing until then and as I stated in 1 and 2., brokerage companies love the game to be in their house.
Shareholder discontent should be directed at Leadership. Only it can provide solutions!
I think I've been holding an MOA position for well over 8 years. . Long term investing has not been in vogue for many years. Trading adroitly is where it's at. I know most MOA players here well and can't say many have been successful over this timeline. I know I have not. I'll see what the fall brings but my eternal hope for MOA as a significant winner in my portfolio is more rapidly fading.
Best of luck to all,
DSH