MOL 0.00% 6.9¢ moly mines limited

fontenay,You seem like a good fella so I will give you a...

  1. 938 Posts.
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    fontenay,

    You seem like a good fella so I will give you a tip.
    Metals like this one have far too much volatility. A better alternative is Iron Ore as a bulk commodity. Companies like SDL presently have a good entry level. The only reason that Molybdenum went up to $36.00 lb was because of the extreme demand for Iron ore pre GFC.

    The price of Iron Ore is likely to stagnate around where it is for sometime yet. The Moly price will stay where it is until there is a dramatic rise in the price of Iron Ore.

    All I am saying this that you can get better bang for your buck eslewhere.
 
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