Thanks Dbm on that great news. Certainly a nice liftEXPECTED once it all becomes official.
Early in January JUST speculation skyrocketted MOL to $1.17 (I think) so the STRONG interest is there.
And once the FINANCIAL institutions know that the deal is set in concrete, I would anticipate a steady buying from CHINESE institutions and investors as well as those in Australian institutions once they sense some progress of developments at Spinifex and Port Headland are now happening.
Im hoping for $1.30++. Wasnt this the price (or HIGHER)also when Hanlong brought their offer in about October 2009. For now at least Ive got my bets on the table for now. Just waiting for the magic ball to drop on my number!
MOL Price at posting:
86.5¢ Sentiment: Buy Disclosure: Held
