Ann: Company Update , page-18

Fact is sometimes stranger than fiction,

Go over what Moly has accomplished in the past two and a half years;
Between Nov2008 and Mar2009 MOL is trading in the low .20's and in deep trouble.
May2009 Moly announces financing from Hanlong--SP hits a high of $1.9 in Aug2009--& saves it from oblivion,like many went during THE GFC.
Nov2009 Moly announces spp @.80
Nov2009 FIRB ok's Hanlong majority stake.
Iron ore prices and exports firming up through out 2010--GFC is forgotten.
Suddenly the terms of the $500mil package don't look quite as attractive.
Maybe Moly is trying to use Hanlongs delays for our advantage.
Fact is the global economy is slowly recovering with a lot of delayed infrastructure in the pipeline,plus all the new nuclear reactors in the build stage(all requiring molybdenum)
China is cutting back on exports of the stuff
We've still got it and the iron ore will keep Moly solvent.
Fact is the A$ has been high for sometime this shouldn't have come as such a big surprise.