When reading company Ann;s its not so much what they say, its what they don,t say.
There is no mention of any further developments with regard to a aquisition, is this now off the table.
Will they now raise capital to pay off TCW and push ahead with financing for Spinifex Ridge. Molly prices are starting to improve, and by the time the mine is in production prices should be much higher.
Mol is the most advanced project ready with all approvals and could begin mining once finance is approved. Have TCW lost interest in the Company?????
Getting finance is another question, but with Molly prices improving and the Iron Ore reserve pulling out 1mil tons per year, this could improve the chances of finance.
I have no idea of operating costs for I.O does anyone have any ideas of how much 1mill tons would give MOL per year.
The next few months are going to be very interesting, does anyone have any thoughts.
MOL Price at posting:
42.5¢ Sentiment: LT Buy Disclosure: Held
