MOL 0.00% 6.9¢ moly mines limited

Discussion seems to have gone quiet on MOL>Overall I good...

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  1. 169 Posts.
    Discussion seems to have gone quiet on MOL>

    Overall I good quaterley result

    Positives:
    -Operation costs down
    -cash up from $40M to $50M
    -No debt

    Negative:
    - No long term direction on what to spend the cash on
    - Hanlong as major shareholder

    Again I cant see any down side risk with this

    Just some patience needed pending future direction of company. Trading voluems are small and I assume the only people selling are those who cant wait for some strategic direction to be set byt he company.

    As the current prices , good value and well below asset value
 
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Currently unlisted public company.

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