MOL 0.00% 6.9¢ moly mines limited

looks like those frickin harbangers are back.., page-26

  1. 4,659 Posts.
    lightbulb Created with Sketch. 14
    redux

    that report you produced IS talking about MOL so - either it is an old report from when portphillip publishging first started promoting MOLY or, the company has done an about face and started promoting the stock in the last week or so because here is what they wrote about MOL on 14th Oct-08:

    "Action to Take: Sell your Moly Mines (ASX:MOL) Shares

    Moly Mines recently closed below the stop-loss mark of 65 cents we set last week. If you haven't sold your shares already, we recommend you do now.

    It's a shame, because this is a good company. But its finances have become too great a risk. Raising hundreds of millions of dollars in this financial climate won't be easy.

    Watch for a full update on all your other Diggers and Drillers tips later today or early tomorrow.

    Regards,

    Diggers and Drilllers"

    It was preceded by this Alert to subscribers on 2nd Oct-08"

    "Diggers and Drillers
    Thursday, 2 October 2008
    Melbourne, Australia


    ***Action to Take: Place a 25% Stop-Loss on Moly Mines (ASX:MOL) from Today's Closing Price of 87.5 cents

    This week Moly Mines finally got some of the financing it was after. It was a good thing for the company's prospects. Read your most recent weekly update for the details.

    Bu today, the shares took a big, big fall. The Canadian listing of Moly set it off last night with a 20% loss. A large trading volume went through in Canada. One or two big investors may have just gotten out of the stock.

    In yesterday's update we said that we were still bullish on the stock in the long run. Today's trading shows that it's possible Moly may not be around long enough to take advantage. It's a small company in an ugly market.

    And the market is truly crazy right now.

    But this kind of one-day movement isn't common, even in a bear market. It's enough to warrant securing your capital a little more. Up until now, the selling has been speculation on Moly's finances. But if the large shareholders start dropping out, Moly could be in trouble.

    So we're setting a 25% stop-loss from today's price of 87.5 cents. If it goes beyond that we're selling. If it turns around from here we're sticking with it"


 
watchlist Created with Sketch. Add MOL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.