MOL 0.00% 6.9¢ moly mines limited

I actually prefer if MOL kept the iron ore project and use cash...

  1. 2,689 Posts.
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    I actually prefer if MOL kept the iron ore project and use cash ($50m) + shares for T/O other projects/companies. Once MOL gets new project then sell iron ore project if needed.

    Alternatively, I prefer special dividend of 20c. Then slowly sell off their iron ore stockpiles and moly project to Hanlong for more special dividends (to wind up the company). This will get sp fire up.

    I only bought for 11c, so already in ok profit (consider lot of shares). I won't sell my shares at this price. More upside than downside (ie hard to see sp falls below 11c my purchase price).
 
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Currently unlisted public company.

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