I cant speak for Haspete, but I would expect MOL to be over $2.00 when the PFS is announced. This should happen by the end of the month, perhaps early Feb.
There seems to be strong institutional interest based on the size of the bids ie.
At 1.70 this morning 30,000 at 1.68 this morning 50,000
the broker revised the orders down to 10,000 each later in the day as everyone was just jumping in front of them.
As far as price targets are concerned, the PFS should give us profitability indications based on moly at forecast prices.
The chairman has a proven track record in raising finance.
MOL Price at posting:
0.0¢ Sentiment: None Disclosure: Held