MOL 0.00% 6.9¢ moly mines limited

trading at 1/3 of cash backing!!!, page-5

  1. 1,712 Posts.
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    I would prefer the company closing down and distributing the profit whilst there is still some value. The suspension itself isn't a real issue as they still have to abide by ASX rules. If they get a new advanced stage project, then the company may be worth persevering with. The only time I will be concerned is if the board tries to de-list MOL in the guise of saving costs. The best cost savings would come from having a bare minimum of directors and lower salaries until they actually have something to do.

    It's hard to have confidence in Hanlong working in the best interests of all shareholders.
 
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Currently unlisted public company.

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