Agree Fontenay.The messages coming from the company appear...

Agree Fontenay.

The messages coming from the company appear garbled and confused.
The suggestion seems to be that they are exploring all avenues for financing and to some extent are desperate.

On the positive side they have support of Harbinger and recent addition to management which increases expertise in fund raising.

Also the dynamics of the company, the setting up and preparatory progress, etc suggests that success is inevitable.
A fantasy suggestion perhaps but for example might a Chinese interest be prepared to buy Moly out or purchase half share.
The iron deposit has not excited the market and seems to be a distraction.

The potential of this company is there, timing is bad --- so holders may have to grit teeth and hold on patiently.

Remember a week can make a huge difference.
A positive announcement regarding finance would see a strong break out.
September is the proposed date.
We should expect a later solution.