Yes...it is MOL they are referring to.
Trouble is Diggers & Drillers is the only Aussie stock newsletter or Broker follwoing the MOLY story...plus the finance is why the price is dropping.
However, before anyone gets TOO negative or fearful...just remember, the $150m parcel keeps things ticking over in terms of developing the mine.
I communicated with the company through my Broker this week and they confirmed that the total $1.1b cost has not yet blown out. So, the $150m enables them to keep moving forward.
Not that the market is too interested.
MOL is a very volatile stock. It is not one for leveraged investors or those with weak hearts.
In 2 years - despite the world environment - we could see this one at $7.
Coop
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