Still a holiday in China but hopefully the paperwork all done NOW. Waiting with baited breadthe.
Interesting that once Hanlong come on board say this week - what next?
Hopefully with great urgency PUSHED along by the Chinese need to VALUE ADDED STEEL and a supposed dwindling in BIG deposits in China we would hope the momentum will gather pace. Keeping in mind thatthat MOLY could rank as upto one of top 5 -10 or so in the world once the production starts.
Also once they are on board as the 51% plus shareholders - we know that anything is possible.Gradual or fast accumulation or takeover? Hmmm....
I have vivid recollections of where Chinese interests were strong in some stocks I saw a few quick ++$2million dollar transactions very surprisingly during a one tradingday. Me thinks we could see a few big actions without notice BUT thats the name of the game.
But we could also have a gradual rise as the work continues at Spinefax/ Port Headland. Still a few stumbling blocks to overcome but clock is ticking. All forward after the final approval announcement hopefully Wednesday.
MOL Price at posting:
83.0¢ Sentiment: Buy Disclosure: Held
