Fontenay has summed the situation very aptly.Agree - agree -...

Fontenay has summed the situation very aptly.
Agree - agree - agree.

Share price is weak but turnover is low on TSX.
Suggesting institutions are holding on.
No motivation to keep buying right now.
Usual dribble of selling.
Share price floor around $2.40 to $2.50 mark?

Mol's "Strategy for project execution" originally indicated financing to be complete by 31st March 08.
Had this been achieved gut feeling suggests share price would be much higher now. Perhaps $5 to $7 range?
Failure to meet objectives disenchants and weakens share price.

With Andrew Forest's influence and backing and companies strategic moves and key major shareholders there can be little doubt that finance will be forthcoming.

Finance may be obtained more readily if management is prepared to give ground and allow financiers to profit more -- at shareholders' expense.

To obtain finance for maximum benefit to shareholders may take longer and require extended negotiations and, as Fontenay suggests, clearing obstacles - red tape.

The market conditions and U.S. financial crisis has possibly slowed the process down.

As MOL is to some extent a first cab off the rank for new moly mines time is important.

The bottom line now is that shareholders need to be patient and be prepared to tough it out.

When finance has been obtained - whenever - there will be a wave of relief and accumulation rather than selling of MOL shares will occur.
Not a huge surge in share price -- Perhaps $4 to $6 dollars? -- because production is not likely until late 2009.
Expect random surges in share price mid 09 and later.
$7 plus would be a reasonable expectation??

For now all you need is ----- Patience and balls of steel!