Not sure if the announcement will push it up 20c but i think we will receive a rise for the sole fact that the announcement is just another hurdle that has been passed on the road to getting Moly mining.
If we all have the assumption that the deal will go through and MOL is on a fast track to mine Spinifex Ridge then the price would be around the $2 mark - not hovering in the mid to high 80's cents. Punters are looking for certainty not assumptions (me included).
Just my thoughts, DBM
MOL Price at posting:
88.0¢ Sentiment: Buy Disclosure: Held