MOL 0.00% 6.9¢ moly mines limited

whats going on, page-12

  1. 49 Posts.
    Once U.S congress confirms the $700 Billion bailout, which has been agreed upon in principle, renewed consumer and money market confidence will hopefully start to move. The U.S and UK markets both up overnight with positive sentiment following the news and our market will no doubt mirror that today.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=a92UMtHy0tqc&refer=home

    Moly mines will prevail have no doubt! good buying at these prices, also remember Molybdenum is a little known commoditie in australia with no australian analysts coverage of the stock and very little media coverage. If we were talking Iron ore or an other known commoditie for example, it would be a different story.

    With regards to our performance on the TSX I think we must remember that their are so many Molybdenum companies being traded on the TSX for canadians to follow. I feel that initially on listing on the TSX we tended to follow their trading days and the roles seems to be somewhat reversed unless either has a spectacular day.

    Who knows the phsychological impact! the canadians may be thinking if Moly mines with such a great project isn't doing great on the ASX their own backyard so to speak,and they have no local analyst coverage maybe they no something and are cautious and thinking the same as us.

    Confirmation of this $700B injection can only help our cause.








 
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