It is just a matter of time before this stock starts to rise.
Someone made the comment that the Chinese will just sit on MOL and not develop it.
They have a huge incentive to bring MOL into production, failure to secure the finance results in a US$46mil loss from the inital US$60mil they are loaning the Company. On top of that they lose the chance to purchase another 35.5 mil shares at C$1-00
Next week we will see the shareholder approval go through after that Hanglong will get Chinese approval, the bits of the puzzle are falling into place at the right time. Once finance is approved MOL will have a lot of analysts reccomendations. The patient investor will reap their rewards IMO
Hanlong have not come on board because the Molly price is down along with demand. They know its just a matter of time and its price will surge along with demand. To bring Spinifex Ridge into operation will take 18 months which should see us at a new much higher price cycle.
This is how I see MOL going forward, if you are in to make a quick profit you may be dissapointed.
MOL Price at posting:
81.0¢ Sentiment: LT Buy Disclosure: Held
