MOL 0.00% 6.9¢ moly mines limited

share price manipulation

  1. 169 Posts.
    I have noticed over the last few days that before openning there has always been 4 sellers selling a total of 83,332 shares at 1 cent below the previous closing price.

    This shows some share price manipulation is occurring.

    Despite this, the volumes are low. and I assume someone is attempting to push the price down so they can buy up big and profit from an increase in price.

    Whilst I agree with other posters about the lack of long term company growth prospects,the company has an inreasing cash reserve, no debt, an approved debt facility and a book price of 35 cents,

    I would like to hear other peoples views on the down side risk of owning this stock.

    To me this is a low risk stock to own and sit on at its current price.
    Happy to be convinced otherwise.

 
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Currently unlisted public company.

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