red on a very green day??, page-6

Lion2009

This is a dog thats about to bark!!

I think that they will get FIRB approval, FIRB have approved several projects in the past few weeks, with the Chinese having more than 50%, This is how I see it

1 Hanlong are a private Company ( not state owned)

2 Moly is not a strategic resource

3 Mol needs a partner with the cash

4 Hanlong should have little trouble raising the loan because MOL will have cash in the bank and income from Iron Ore.

I do have concerns, management awarding themselves huge bonus for a deal that gives away control. Unacceptable pay rises, which I think we should vote NO.

With regard to the SSP and the current S/P I do not think the Company are concerned. This will raise $16mil towards the debt with TCW. Once FIRB approval comes through the share price will head north, and probably like a rocket.

These are only my own thoughts and time will tell if I am right or not.