They played a short video at todays meeting, from a presentation that was used for our politicians in gaining FIRB approval.
After Derek Fischer emphasised a few points,
Head Office is to remain in Perth,
Hanlong should have Chinese approval before the end of this month.
Hanlong are activley engaged in raising the finance,
Hanlong have a large Molly deposit they wish to develope in China and will use MOL.
Hanlong are looking to buy more Molly resources and bring them under the MOL banner.
Its also important to understand that any new acquisition would require minority shareholder approval. They may have the day to day running of the Company, but any major changes needs approval from shareholders and because they have a vested interest they will not be able to vote.
Today MOL could be the start of a very big company, lets look back in a years time and see whats transpired, all good I hope.
MOL Price at posting:
83.5¢ Sentiment: LT Buy Disclosure: Held