The reason why MOL scaled back the SPP is obviously because of the Hanlong deal (report says that). The SPP would not have been entered into if the deal was struck earlier (so be it). The deal might have been done earlier but the SP was gaining momentum quickly, in turn with the MO price (negotiations changed quickly thats why no decision). The shareholders have done f-all for MOL recently (i would have looked elsewhere too). The company has got more support now, than any shareholder could give them (not silly, and time was wasting). The company would be broke by now, if they relied on some two-bit trader. Happy to hold a lot (and laughing at the comments a lot too). Go MOL! Go HANLONG! So MOL will be right for the next 25 years, I wonder where the current traders will be???? Not with MOL... I bet.
E.
MOL Price at posting:
91.5¢ Sentiment: ST Buy Disclosure: Held
