I was hoping that they would have done a little more drilling in the right areas (closer to BDR), before going for a farm in. Feels as if the directors sold cheaply, without maximizing shareholder value. Unlisted company involved, I wonder who the main shareholders are? Does anyone know?
They should be able to focus more on the Polish Mo project. Could they be clearing the decks for a sale? Market cap is so small and on paper the project looks good, why doesn't some just take it over?
I was going to look at the Moly Mines project and see how it compares with STZ. Initial discussion with a Geo was that MOL's project is low grade and high cost (circa $2b), which makes the Polish project look very attractive. Infrastructure is already there, no other Mo mines in Europe, as well.
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