Lion I agree, and that's why I dont understand your postings,...

Lion I agree, and that's why I dont understand your postings, for your benefit I have pasted below the post I placed last week, have a read of this then comment.

"Take Moly Mines. It's aiming to operate a 10 million tonnes per annum copper and molybdenum mine at Spinifex Ridge in Western Australia. Prior to the credit crisis last year, things were going swimmingly. Molybdenum is a hardening agent used in steel-making. There aren't a lot of economic ore bodies in the world. Moly, according to the research we published in April of 2008 in Diggers and Drillers, had one of the most economic deposits.

--But it all went off the rails with the credit crisis. The company couldn't secure the funding it needed to bring the project into production. And the share price fell. That made management amenable to any offer that would secure financing and rescue what was still, by all accounts, an immensely valuable and lucrative resource.

--Yesterday, the Foreign Investment Review Board (FIRB) approved a $200 million investment in Moly by China's Sichuan Hanlong Group. It gives the Chinese group majority control in Moly and could see the development of the project at Spinifex Ridge begin in the middle of next year.

--Good on the Chinese for finding a great project to invest in at a bargain price. The truth is, Australia has more good mineral and energy projects than the local capital markets can realistically fund (given the preference by the banks for investing in/spruikin property). BHP CEO Marius Kloppers made this point yesterday in a lecture to the Lowy Institute in Sydney

You say to talk to analysts and people in the industry, well I dont think it comes much better then Diggers and Drillers or The Daily Reckoning and the fact that the CEO of BHP thinks MOL is a "great investment at a bargin price" these are the analysts and people in the industry that we SHOULD listen to.

I certainly know who I am going to listen to thats for sure, it just seems that you may be the one that has the blinkers on when it comes to MOL.

We all have to do our own research and listen to who we want to listen to!