I am not sure exactly what mol are doing, looking to buy other distressed assets. With what, they have to pay for the long lead items due to be completed by the end of March.
The vast majority of metal prices are down, so in a way we should be grateful that we are not producing or we could be a distressed asset.
Windimurra was put into administration today, at what price would this be viable in todays market. The world is awash with vanadium.
It seems that the chinese are very keen to buy up resources, so perhaps Mol are on the right track.
MOL Price at posting:
29.0¢ Sentiment: LT Buy Disclosure: Held
