MOL to announce Chinese regulatory approval for Hanlong purchase in coming week(s), demand for Moly expected to rise above current strong prices, Iron Ore prices continue to be strong on spot market. Perceived need for Moly in Chinese economy equates to streamlined access to funds.
Imminent positive announcements ahead. Why then does this continue to stagnate. Am i missing something?
I have picked up another 50,000 this week at what i consider a bargain... am i deluded??
DBM
MOL Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held