Can't say i agree re: positive announcement, negative sp impact but then there are always examples as you have highlighted.
MOL's sp has been disappointing to date but i've stayed in for one very basic reason - i believe the company is a winner. I am very happy to have an exposure to Molybdneum, Iron Ore & Copper and i like the idea of a mine that has all it's permits & licences and will be producing Iron Ore in 7 months and Molybdneum/Copper in 18 months.
So i guess i'm an investor and as such daily/weekly/monthly demand fluctuations as highlighted by charts don't give me a reason to buy or sell - i'm in for the long haul.
Keep watching MOL Mitta - it's a good story in the making.
MOL Price at posting:
83.0¢ Sentiment: Buy Disclosure: Held
