The MOL-bashing here by Lion is quite a joke. MOL has spend years, people have spend millions of dollars, greedy bankers have checked the numbers a thousand times and finally a compelling BFS shows, that MOL is set to become one of the major moly-players on this planet. Hanlong, as one of the big international players has invested hundrets of million dollars based on that BFS that is calculating with production costs of 7-8 dollars/pound, making MOL a highly profitable company in the near future as moly prices have begun to rise again.
And despite all this there is an anonymous poster talking about his "mining experience" saying production costs are more than twice as much. Huuuhh...
What a laugh!
My impression is there might be some frustration involved about not having any money to profit from a setting that can be regardes as a historic chance of investing
regards Julia
MOL Price at posting:
87.0¢ Sentiment: ST Buy Disclosure: Held