-
Share
938 Posts.
17
05/05/11
20:39
Share
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.
-