OTCQX:MEAUF - Post by User
Post by
investornoton Sep 20, 2018 1:51pm
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Post# 28657290
Likely to start building... again
Likely to start building... againMoneta has been cyclical and predictable. I was hoping that it might dip well below 0.10 as it has done in past before attracting attention but I don't see that happening now. So this may be as good of a buying price as there might be in the short term.
The recent finds are encouraging but a long ways from determining if they will prove out a minable asset. Most of what Moneta has found in past have been low grade finds beyond open pit mining depths. It will take more capital and drilling to define the boundaries of the recent finds and see what it might truely be worth. Capital that Moneta does not currently have.
With a little more than $3MM in cash on hand Moneta will be a position to have to raise capital early in 2019. Historically that presents an investment opportunity. I can see some promotion and some take-over talk coming out this Fall to raise expectations and price to at the very least put Moneta in a better positon to go raise more capital for future operations. That based on my experience is their cycle and it generally provides for a very decent short term return. I just took up a position again in Moneta and may add to that over time as things unfold. GLTA.