3,50 in January? I only have 2 $ on my radar, but 3,50 are OK too. It´s really silly to think the Chinese could not approve. MOL is an important strategic source for various reasons. It´s also silly to assume that MOL will be "robbed" by the Chinese. They will assist to run the company highly profitable. Everything else would spoil their reputation. And that would not be approved by nobody in the market. I will stay cool here and wait for double digits as soon as the moly prices rises. This is only a matter of a few month.
MOL will also rise if the main markets shall dip again. That is - thanks to the chinese - the difference to all the promising explorers that are just too far away from production.
Just let fundamentals reign, sit back and enjoy the ride!
MOL Price at posting:
88.5¢ Sentiment: ST Buy Disclosure: Held
