Let's see if I have got this straight. Moly have burnt through $20m or so over the last few years watching Days of Our Lives and occasionally leaving the Aircon office to catch a business class flight to look at numerous international projects, and have come up with........wait for it.... Nothing!
Now that they have fired all the technical staff and put the janitor in charge on a huge salary, we can rest assure that the acquisition is near? Oh I'm sure it is! But I suspect it's one that no-one here in Australia will be happy with.....
Too bad there wasn't a politician on the board to get ASIC's interest. I think it would provide better reading than the AWH scandal, with everyone's snout in the trough.
MOL Price at posting:
7.0¢ Sentiment: None Disclosure: Not Held