MOL 0.00% 6.9¢ moly mines limited

Nic,No not holding anymore.I am getting into start up DSO Iron...

  1. 938 Posts.
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    Nic,

    No not holding anymore.

    I am getting into start up DSO Iron Ore plays with a big resource. Crush it and ship it!

    No intention of cross company threading here.

    MOL has potential, but like any product that requires a processing plant the operating cost are high and always eating into the bottom line.

    I also think the market has already factored the $500m in.
    This is old news now.

    I hope for the current shareholders that the MOL SP improves, but I cannot see it unless Molybdenum gets to its pre GFC price of over $30US lb.

    MOL went to as high as $7.00 on much hype and fanfare.

    Unfortunately the GFC has put flight to money to burn and each dollar now so much more valuable to investors.

    Question answered I guess.

 
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