Goldman Sachs says Aussie dollar might get down to 75c, so there is some hope for moly project in a few years time.
Yes, my view is a bit short-sighted, but every time I dip into this stock I made more than double. In current market, I'm focus on short term quick gain consider my avg purchase price is only 11c and big holding.
I just feel this global debt problem may drag on for another 10 years. Gail Kelly (Westpac) was saying the same thing. It can turn out like Japan 30 years of pain.
Do you have any idea which company/project MOL is interested in?
MOL Price at posting:
13.0¢ Sentiment: ST Buy Disclosure: Held