The original independent directors told us that this was on the cards, when the got booted out. I am afraid that we are being taken for a ride. The recent re shuffling of board members is a clear indication of there being no intention of Moly making any attempt to use the cash in the bank for the good of minority shareholders by making an acquisitions. In fact I would be very surprised if they have made any offers or even done any due diligence on any company or project. The only reason that I am still holding is because I am so far underwater I may as well sink or swim.
MOL Price at posting:
7.6¢ Sentiment: None Disclosure: Held