MOL 0.00% 6.9¢ moly mines limited

Once the dust settles with the transfer of ownership from Moly...

  1. 2,145 Posts.
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    Once the dust settles with the transfer of ownership from Moly to Hanlong will there also be a name change.
    Highly likely.
    But this would be minor compared to what other events will take place or are taking place,

    1 US$140 million initial takeover payment.
    (Pays out outstanding debt)

    2 US$500 million initially to develop the iron ore,copper and Molbdenum site.(processing plan,expansion of site and transportation.)

    3 With the price of iron ore again going north to US$130 tonne AND ANNUALISED pricing GONE and as well as molybdenum also undergoing pricing restructuring in LME / Europe and China - these changes bode great guns because obviously China will have another of its own source to maintain leverage of for pricing for both Molybdenum and Iron Ore.

    4 Certainly the clock will be ticking for Port Hedland facility to be accessible and available . Once this occurs the rate at which Hanlong/China involvement will take a new urgency of direction and haste obviously.

    For now its just being obviously drawn out to reach those conclusions 1-4 anticipated - but unfortunately that is like a "domino falling event".
    1 has to fall before 2 then 3 then 4 before this company become marlin flyer.
    For now just a slippery fish just out of water. No direction or purpose.
 
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