Any why shouldnt we feel GREAT. 1 All 3 Chinese Investment Authorities have said YAW YAW YAW. 2 The export facilty will be in operation for at least 25 years exporting IRON ORE, MOLYBDENEM ore, COPPER ore. (Are they going to do any refining on site???) 3 The last Chinese Investment Authority said Yes on Monday 15th March. 4 Presently Hanlongs bankers now are ensuring all legals are water tight so that no snags in the future.
5 The next obstacle is on 24th March with whereby Hanlong need to settle some outstanding Interimit Financing Facilitycash of US$1.005 million. They obviously will settle otherwise a US$38.5 million fee wiil apply - OUCH. So maybe news next Tuesday as to this .
6. All formal TRANSFER transactions to be done by 30th April 2010.I assume that on this day Hanlong will hand over US $140 million dollars so that Hanlong receives 200 million shares and 51 % major holder and OWNERS of Moly Mines is official.
7. A few other sweeteners have been included to Moly like 10 year loan of US$60 million.
8 PERHAPS the final transfer on 30th April will signal a new approach from OVERSEAS investors. Me still thinks they could start their charge anytime after 24th March. Certainly great feeling to be on a company that IS moving FORWARD every day. Watch out for swoopers - could just drop in anytime Im of the opinion.
MOL Price at posting:
87.0¢ Sentiment: Buy Disclosure: Held
