Still over $50M cash in the bank to spend. Increase of cash at bank of $1.9M... Making a profit with lower IO price, with the hedging, that seemed to work fine.
"In light of the iron ore price, the Board is currently reviewing the merger and acquisition strategy previously announced as being a key priority for the Company. In addition, the Company is also reviewing the potential to divest the iron ore mine. Discretionary corporate and administration expenditure is being reviewed as part of the approach to reduce costs and preserve the Company’s strong financial position."
I just wish MOL would HURRY UP AND BUY SOMETHING!!!!
E.
MOL Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
