MOL 0.00% 6.9¢ moly mines limited

Does moly have disclosure issues ? They can't add up their...

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  1. 10,824 Posts.
    Does moly have disclosure issues ? They can't add up their quarterly expenditure, and the can't deplete the reserve as they mine it. Last AGM overstated reserve confidence and reported undepleted tonnes. I'd avoid them like the plague. I almost bought at 15 cents - glad I didn't. I suspect they are losing money hand over fist - all up costs will be about $130/tonne and they wont be selling at that. I'd expect $2 to $2.5 million loss this quarter finishing.
 
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