MOL 0.00% 6.9¢ moly mines limited

About new Moly offer from today, page-2

  1. 1,913 Posts.
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    I'm back after a long hiatus... there are definitely some games happening here. My take is...........,
    Its better for MMI to own 51%, than the whole 100% of GULF (look at the combined entity)... I cannot believe that shareholders would consider diluting MMI even further, than what it already is and going into even more debt, when shareholders could choose MOL and have no debt, plenty of cash in the bank, another project in WA (awaiting moly price increase).
    MOL sp is cash backed at 22cps, then add the GULF acquisition and MO spot increase... surely GULF shareholders can see MOL will open many cents higher after re-listing, than its closing price, when they were hit by underhanded trading and a GFC, which smashed the MO spot price.
    There are too many positives by going with MOL and not MMI. But it is the shareholders decision.
    1. Go for MMI and enjoy more dilution (which is the norm for MMI as they usually pay for their debts with script), and massive debt, OR
    2. Go for MOL and enjoy no debt, no dilution, substantial cash at bank, and a fully permitted world class Moly mine, waiting for spot price increase. The ASX will re-list MOL with the GULF acquisition.
    MMI shareholders should be very careful here, because sometimes you 'cant see the forest for the trees'.
    MOL IS CLEARLY THE RIGHT DECISION AND NOT MMI.

    PS. The MOL sp was only 6.9c at close in 2014... should bag out on re-listing

    E.
 
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