wuhan steel buys 50% stake, page-2

Whilst on holidays in Singapore, have had time to read the Wuhan Steel story, Klob25 not all is lost yet. Hold a large stake in THR, too many warrants though { Ooooouch } and just look at MOL - Moly Mines down from high of $3.99 last July to a low of 17c this month, and QOL a big % loss also. Have personally asked THR what they intend to do with the warrants { give extensions etc ???? and am waiting for an answer }

Pirra in the process of transferring this now small asset to a new super fund to take advantage of the capital loss to offset large gains made earlier, virtually no tax problems now.

These companies all into molybdenum & tungsten, these products being a large requirement in the steel making process by all steel merchants/factories, and when the wheel turns { it always does } the future of will be sound imo. Great buying opportunities around atm, if you have the readies.

Again, PATIENCE and lots of PATIENCE is required to make money on these very volatile markets.

Time will tell. Always does