MOL 0.00% 6.9¢ moly mines limited

With Hanlong having a big foot in the door of an $80M company...

  1. 2,801 Posts.
    With Hanlong having a big foot in the door of an $80M company holding a $200-300M asset in spinifex ridge on top of the iron ore operation within its keeping. Aren't they just squeezing the life out of this with the project parked in order to buy it out cheap? Its an envious position for them, project parked, metal price flat and a large blocking stake. They can sit on this for another 12 months and the share price could continue to fall.

 
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Currently unlisted public company.

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