Moydow Mines fka MOY

[amarksp]

sold additional 25% of MOY at US$1.24...
then sold additional 25% of MOY at US$1.27...

covered NEM short at breakeven (loss of commission...), there goes the hedge...

Have 20% of MOY left, will hold this...

At NEM = $39, value of MOY for NEM distribution alone = US$1.15

Will look to purchase MOY again if and when it starts selling to a discount to the NEM distribution...

FWIW, John Embry was not using fully diluted shares when he cited his $1.20 distribution (actually $1.13). Further, at C$1.70 there are more warrant shares that can be exercised at this price, further diluting the distribution...