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.
MOL Price at posting:
80.5¢ Sentiment: Buy Disclosure: Held