The statement I like within the quarterly report and what I believe the market is waiting for to give the sp a boost is the excerpt below.
The Company has continued to progress “strategic investor” discussions and is currently in detailed negotiations.
The focus of all strategic investor discussions is to deliver to shareholders a path to full project financing certainty for the Spinifex Ridge Molybdenum Project. There can be no assurance that these negotiations will be successful.
The molybdenum price, capex, and financing costs just to mention a few things have all been helping to keep this stock down. Conditions are improving and with the iron ore to help things along a cornerstone investor would be just the answer we need. The underlying fundamentals have not changed.
MOL Price at posting:
$1.46 Sentiment: None Disclosure: Held
