MOL 0.00% 6.9¢ moly mines limited

The lower sp has nothing to do with 'strategic supply' or the...

  1. 2,099 Posts.
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    The lower sp has nothing to do with 'strategic supply' or the company's name.... please.

    The impact on the sp has been three fold -
    1. High AUD
    2. Market sentiment worldwide
    3. THE FINANCE CANNOT BE DRAWN DOWN UNTIL THE PROJECT IS FULLY FUNDED... IT IS NOT FULLY FUNDED, the project's cost has increased $200M (~$700M), due to the high AUD... (this has been worded to say the deal is done, but conditional upon full finance). If you want to speculate, then it is believed HL will throw in the extra $200M

    But, what is true... It will all come together in 2013... Why?
    MO price will increase substantially
    AUD will be a lot lower
    Other metal credits CU, AU etc. and...
    the project will have huge cash reserves for expansion and MORE exploration

    E.
 
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Currently unlisted public company.

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