Thanks KDG.Moly might be taking off on a management basis but...

Thanks KDG.

Moly might be taking off on a management basis but the share price is suggesting some problem/s.

Logically there may well be difficulty in obtaining finance.
Hardly unexpected.

The iron deposit aparently has impurities making the deposit suspect.
But management is suggesting the sale of the deposit - or other arrangement - may be a trump card.
Desperation?
Mind - with the high cost of sourcing iron ore, less desirable deposits are more economic.

There is obviously a big seller or sellers unloading.

Share price has reached a low from which previous bounce has taken off.
Any lower would be a major concern.

Traders take note.
Any recovery will give decent percentage rewards.

A month is a long time for this company - much can happen with share price --- in days even.

The management has been positive and thorough.
From the same stable as Fortescue Metals and support of Andrew Forest.