I didn't take up any shares but if I had of then my plan was to sell all my MOL as soon as I bought them..... I figure that is what people have done today. I only hold a small parcel so I'll stick with what I've got for now.
The deal wasn't fair to shareholders (as the BDO report stated) and too many doubts around of how Hanlong will 'use' Moly Mines going forward.
It isn't in our (shareholders) hands anymore so there is no certainty of it's long term asperations from a profit perspective.
MOL Price at posting:
83.0¢ Sentiment: Hold Disclosure: Held
