impending announcement

What effect will the impending announcement that Hanlong have taken a controlling interest in Moly Mines have on its future.

I have no doubt that this Ann: will be made with much fanfare, this is the biggest investment for a privately owned Chinese company outside of China.

Whilst its taking longer than anticipated to get over the line, due I believe to Hanlongs bankers doing due diligence for the $500mil loan. Mol will waste no time to promote its vast moly resource. So we should expect to hear a lot from Derek Fisher,in the press and B/Radio, one thing you can't take away from him is his passion for MOL

You have to hand it to Hanlong they are building a mine that will be able to take advantage of timing. Build while the market is coming out of a slide ready for the next wave up. They are buying at the bottom to reap profits from the start of production.

Lots to look forward to in the coming months.