Here is the back ground: http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=238565#736128
Extract: "MOL has 29.6 mill shares, 1.47 mill year 2007 options, 1.07 mill year 2008 options and 13.4 mill 2009 year, a total of 15.87 mill options, all unlisted. Fully Diluted: 45.54 mill .
Note that Production is supposed to begin on 1 June 2007, so all these options will be exercised after the start-up. However, it is best to present the final data in undiluted and diluted forms".
COMMENT: Where appropiate, some positive share pricing activity normally takes place some time before a Feasibility Study takes place to the start of Plant construction.
This has much to do with progress and removal of risks over time.
This time we have a Preliminary Feasibility Study which will be a great introduction to the BFS which is due in June when construction starts. (Paydirt article)
A lot of data will be presented including the profitability of the Project, alternatives of supply and ramifications.
That is in December, not long to go now.
Gerry Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.
Latest: Molybdenum (Moly) Oxide: $US31/lb
MOL Price at posting:
0.0¢ Sentiment: None Disclosure: Held
