SEO got a few good drill results. I think MOL is looking for a project in Australia and an advanced project (ie ready to start and generate cash). MOL stated it does not want too much sovereign risk.
I think it is good fun for everyone to guess which company MOL is interested since not much happening with MOL.
KZL (in voluntary administration because of their zinc project) their copper project in Australia which is profitable and running, has been offered by a mysterious buyer. I don't think it is MOL. KZL's copper project is not a bad little cash generating project.
On the distant note, at what price moly/pound needed before MOL's moly project becomes profitable to mine? Some experts think moly price is get to $19/pound, is that profitable for MOL?
MOL Price at posting:
13.5¢ Sentiment: ST Buy Disclosure: Held