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
MOL Price at posting:
12.5¢ Sentiment: LT Buy Disclosure: Held