re: Ann: Company Secretary Appointment/Resign...
Interesting timing as I rang last week to speak to the Company Secretary and was thinking I should spit the dummy for him not returning my call when the announcement come through.
On a positive note, the company is rightfully making some tough decisions to minimise costs.
As long as the bank balance is increasing and there is no debt, I cant see the down side of hanging on until a positive announcement is made.
If Moly distibuted the cash from the bank to shareholders, we will still be better off than the current share price.
It has been a long time waiting, but I undersatnd the pressure is on the Company to identify its future direction.
Just need to wait it out
Unlike many other companies, at least Moly is not going backwards
MOL Price at posting:
11.0¢ Sentiment: LT Buy Disclosure: Held