Post by
VRM on Dec 12, 2011 10:30pm
Misterious MOZ
I am wondering why the MOZ supporters continue to rave about the great management team that MOZ has.
MOZ is the operator of VL and has the lead role in the developement of this project. The news releases throughtout 2010 indicated a lot of very positive drilling news resulting in share price increasing for both companies right up to the release of the 43-101 that did not take into account any of the previous 43-101 results, that by the way both companies had posted on their web sites and continusly used in promoting this project. Suddenly the old results did not count any longer and we start anew with the December 2010 43-101. Of course MOA share price droped by half for most of 2011.
2011 brings 25,000 meters of drilling, the heart of gold, J Frank etc, lots of positive drilling results in the news releases and a new 43-101 expected in the 4th quarter. Now it's some BS about the weather or some other excuse putting off the 43-101 until early 2012 and the slight share price gain we were strating to see in late fall has disappered and we are dead in the water price wise once again.
Seems to me that it is the erratic way that MOZ operates that has produced these crappy share prices for both companies.
Comment by
Ridgeback on Dec 13, 2011 9:31am
Nothing Mysterious about MOZ it's called exploration and will continue to enhance both MOZ and MOA.Don't expect much upside until late next year with a few moves along the way as 43-101 details come out. Good luck on today's MOA news. It show diversification of resources.