There are just too many stocks with great short and medium term news and earnings. I'd be surprised if any shareholders have bought for the long term. My guess is most of you have probably bought well north of $1.00 all the way up to $4.00.
Moly's iron ore project will deliver cash flow but I will be surprised if it's positive after allowing for general admin expenses, exploration, production and development costs.
I will gladly apologise if I am wrong come the end of January when the quarterly reports are due and they show otherwise.
;)
Nic
PS: Moly is a long term buy and shareholders can only hope that nothing changes between now and commencement of production. It's a long way away.
These are my opinions based on my own research. Let's hope China keeps chugging along.
- Forums
- ASX - By Stock
- MOL
- why moly won't ride any waves up
why moly won't ride any waves up
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MOL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online