MOL 0.00% 6.9¢ moly mines limited

trading at 1/3 of cash backing!!!, page-2

  1. asf
    9,888 Posts.
    john, yes, you may double your money- at some point in the future (or maybe not, depending on what they do with the cash). However, I disagree with your "no downside risk". On the 22nd April, MOL disappears from the ASX. The share price may rise and fall in the interim, but be prepared to have your cash tied up for ?? period of time, while MOL and perhaps Hanlong dither about. A cash box itself, tends to trade at about 1/2 cash backing, which is where MOL were trading before this recent ANN.

    Hopefully, MOL will do the right thing, and get themselves project soon. But effectively, you have no idea how long they will be in suspension. A lot will be trading on swings until the delist, and some will be "investing" on the hope that they will make money while de-listed, but it is a matter of how long people are prepared to have their money locked up when MOL is not on the ASX. It's time to be realistic about this one.
 
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