For now excellent buying opportunity for long term holders. Hanlong obviously has finance flowing NOW but just keeping it simple they will be drawing down the US$500 million over a period of 1-3 years with machinery, infrastructure and incidentals. Its really like a bank overdraw facility but is a biggie. For now steady as she goes and watch out for a big announcement. With Hanlong dilying about with Moly in US and also talking about the other plans of US$5 billion on investments obviously anything can happen. Obviously its all up to the Chinese Investment Authorities - isnt it. For now excellent buying weather before the storm hits.
MOL Price at posting:
62.5¢ Sentiment: Buy Disclosure: Held
