Day Traders and long term traders need eachother equally. As a long term holder in this company I try to look beyond people making a quick buck with share fluctuations, but have to take my hat off if they can do it successfully. Despite being a bit envious,it really doesn't impact on the fundamentals of a company. China has got an excellent deal with buying this company, and obviously would not have done so if they were not going to see it into full production of the Mo, with the Fe as a bonus. I really do wish Australia could have funded this project, but as with many deposits here in Oz, we need foreign capital injection to make them a reality. I only hope that the royalties are spent wisely by the govt. and that our dependence on primary resources can be shifted up the line to technology/manufacturing etc before this global resource rush comes to an end.
All the best to all who have had faith in this company!
MOL Price at posting:
87.0¢ Sentiment: LT Buy Disclosure: Held
