RE:Why hasn't Moneta shot up in price?Not sure when and at what price you bought it but ME has not performed great for some time so I expect you will have a good chance to see a decent return... eventually.
If ME was a true producer and not just the set up man, then the price would likely be higher given the PEA. It would also then sit there for a period of time while waiting the lengthy process and delution that would come from going from here to raising the capital required to go into production. That is not ME though. They are interested in building as strong a case for Porcupine to return to producing status with good econonics and find a buyer big enought to cover the costs of bringing it to production.
It has been well set up at this point with the PEA as proof of its value. The share price will react positively to any rumours of a suitor and could also see gains if the price of gold makes its known resources even more valuable. Only warning I would have is that if a buyer truly becomes interested is the potential for manipulation and buying of cheap shares to lead to a low bid takeover. I have witnessed a couple of those first hand in recent years. Not saying it will happen here and there are other companies in the Timmins area that might work in ME's favour to keep things reasonably competitive.
This is all IMHO. The future of ME though is pretty much known but what it not is what price it might attain before or when it is bought out. I think very likely that a decent run up will occur into this coming Winter that will open the door to a PP at a better price. That will require the issue of fewer shares to give ME the working capital it needs to continue exploration and expand their resources. Last significant run took it to 40 cents. I am hoping for history to repeat itself and it could improve on that if gold prices add to the mix. OK, I have rambled on enough but at the current price this is a wait and see buy. How long of a wait is the big question, but it might not be all that long.