Now that the panic merchants have moved on looks like the price has settled.
Just a thought out of left field regarding Hanlong's decision to delay financing on the spinifex moly project.
Zamia Metals(ZGM) is busy proving up and drilling out its 'Anthony' Molybdenum project in central QLD. Currently Diamond Drilling and working thru a scoping study with 130M tonnes and climbing, getting some exceptional hits. Market cap of $24M.
I wouldn't be suprised if Hanlong and maybe even MOL together in partnership are eyeing this project off to either buy outright or take up a stake to increase profitability and protect against volatility in the Mo price.
Disclaimer: I hold both stocks.
MOL Price at posting:
$1.17 Sentiment: Hold Disclosure: Held
