At this time there is nothing happening with the price of the stock or the production and export of the commodities.
There is NO BIG buyer(s) out there. So the stock is in the doldrums.
BUT lets look at a few facts which could easily cause this stock to skyrocket.
Moly has now had all debt payed off!
Moly has a US$500 billion ready to spend of infrastructure.
Although there are now 360 million shares (ONLY), 55% are well and truely locked FOREVER. Hanlong aint giving these away unless there was a takeover.
Now did Hanlong say something about another US$5 billion in infrastructure being available. Now if they linked MOLY to this in terms of a railway development opening the region around Spinefex region then what would this do do Moly stock?
With just 160 million real share around ONLY for now AND all we want for now is a bit of interest from an institution in China to try to buy up these remainder.
Well leave the rest for you with your imagination.
AND yes Sept-Oct should be a good indicator as to whats going to happen. Bring on the production and Copper- Molybdenum side of things and then then try to buy MOL then. Again leave that up to your imagination!
This is a stock that will change price dramatically once the real news starts to happen. Just could be sooner rather than much later but to me October is soon enough. Given todays price and my own confidence will be happy to double if not triple my current holding hopefully ssoon at todays price. But to each there own strategies.
MOL Price at posting:
77.0¢ Sentiment: Buy Disclosure: Held