MOL 0.00% 6.9¢ moly mines limited

what's wrong with moly mines, page-9

  1. 5,583 Posts.
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    Derek and crew stuffed up - there's not much else to it, with the amount of time they've spent in a sloth-like stupor the dream of having the moly mine operational has passed us by.

    29/06/2011:
    "Total capital and owners costs, based on the EPC contract awarded in May 2011, are estimated at US$720 million, excluding working capital and debt service during construction."

    23/05/2011:
    "The EPC lump sum contract price for the Project, which includes Australian dollar and US dollar denominated packages, is estimated at US$608 million."

    Did that pearl of a inconsistency pass you by? The management can't even give straight figures let alone lie with a straight face. Still waiting for that call Derek?

    Sold my lot last week between 85 and 75c... Goodbye MOL.

    Good luck to that seller, you'll struggle finding buyers of size.
 
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