Not sure what's coming with this announcement. Conditional finance has previously been secured (once a fixed EPC contract has been finalised) and announced, that announcement came with a caveat detailing a go/no go:
'The EPC contract will not commence until Moly Mines has received unconditional financing for the Project and the Board of MMA makes a final decision to proceed with the Project.'
As a long term shareholder this announcement better confirm unconditional finance and the green light to commence, if it's the flip side then MOL will get hammered back to the 20's.
That said i cannot see how Hanlong and the Moly Board could see any value in not going ahead, Moly prices may be floundering a little but it's not where it is now, it's where it will be in 2 years when this mine starts producing.
Could be a big Green day tomorrow.
Not sure what's coming with this announcement. Conditional...
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