I asked that question last week to the company rep!
At the moment that don't have a Managing Director to replace the old one because a new MD may come out the company they merge with.
At the moment it is a matter of being patient. The company is producing cash and has NO debt! and has a debt facility that can be draweded down as well as Molybedeum project that can start up if ecocomic conditions change to make the project more economically favourable.(Note the project is currently classified as sub-economic)
At the monent I cant see much more down side but agree it is just plodding along and some direction about new projects would be good. If a good projct is announced and depednding upon the macro financial conditions at the time, the share price could rise rapidly
MOL Price at posting:
14.0¢ Sentiment: LT Buy Disclosure: Held
