Hi guys have been out of touch, away up in the North West of Aust. If anyone tells you the mining game is in the doldrums have a look at whats going on in W.A.
Could not believe whats happened to the S/P in a very short time. Last time I looked back in July it was below 50 cents.
Todays Ann: perhaps puts some light on the matter, with a share placement about to be made a healthy S/P is good news for the Company.
I am ever hopeful that this Spinifex Ridge will get off the ground, the Iron Ore is the ace up the sleeve, giving a quick cash flow.
As the rest of the world come out of this down turn the price for all commodities will head back to where they were.
MOL Price at posting:
$1.28 Sentiment: Buy Disclosure: Held
