I agree with your comments fontenay I think the fact that Hanlong is a private company also will allow the FIRB to be more easily persuaded to allow the deal to go through. I find it hard to imagine that they (FIRB) would allow the company to fail when it offers substantial prospects for growth and employment in Australia. They may add riders about arms length sales of commodities in order to ensure that molybdenum is sold at market rates. I understand they have done similar things with other Australian companies recently. Given that the FIRB go along the prospects down the track are excellent.
Cheers, Countryshares
MOL Price at posting:
$1.24 Sentiment: Hold Disclosure: Held
