150 million approved yes, page-30

Its nice to see everyones opinion and read your posts,

This is a very difficult market that Moly is in, however they are pushing ahead to bring this project on stream.

They don't just have molybdenum, coming out of the same pit they have copper and tungsten and a small amount of silver. Then there is the deposit of high grade iron ore.

I was surprised by the interim finance package, and in fact a bit baffeled to how they intend paying back the $150ml in 12 months. Does this mean they intend borrowing that amount again to repay the loan and if so how much of the company do they intend selling. At the rate they are going our shares will be diluted, anyone have any idea by how much that could be.

One more point I would like to throw into the debate, the prospect of full finance must be very high, what investment company would put up $150ml US if they thought that full financing was not on the cards. No hole in the ground no income to repay loans