MOL 0.00% 6.9¢ moly mines limited

After my comments/posts on hotcopper on 21st/8, a bit of action...

  1. 2,689 Posts.
    lightbulb Created with Sketch. 39
    After my comments/posts on hotcopper on 21st/8, a bit of action on sp moving upwards.

    I think in MOL's quarterly, MOL can sell their stockpiles (70,000t+ high grade, 620,000 lower grade) for several millions. Since they are stockpiles (not in-ground), my guess is mining expenses already paid or partly paid. This money (selling stockpiles) is NOT included in 21c cash backing (currently) as company stated "no value been assign".

    Compare to other companies, MOL is in best form.

    Every 13c share you buy, you get:
    1) cash backing 21c
    2) stockpiles could worth several millions; IMHO with most expenses paid
    3) hopefully something for moly project
 
watchlist Created with Sketch. Add MOL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.