Post by
templetooth2 on Sep 18, 2023 10:17am
First glance
My immediate reaction is it looks like all the remaining cash is going to be thrown into moly.
I'm no expert, but it seems to me that moly is a very volatile plain vanilla commodity. I would rather invest in copper than speculate on moly.
If some other company doesn't materialize with a takeover offer on the back of this "news", real quick as in weeks not months, I'll be gone.
Comment by
TELEMARKER on Sep 18, 2023 2:12pm
MOLY Greenland Resources is talking about developing a new moly mine. Capex $1 billion or so. CG has Thompson Creek and Endako in BC CG reopening one or both of its old operations might stall the Greenland project. Moly price has been a boom and bust business.
Comment by
templetooth2 on Sep 18, 2023 3:32pm
Better Idea - Sell Thompson Creek and Endako and Pennsylvania to Greenland if they're so enamoured with moly. Take proceeds and do something accretive in the gold space, like buy control of Skeena.
Comment by
TELEMARKER on Sep 18, 2023 4:17pm
CG could sell either or both Thompson Creek and Endako. Doubt if they would sell Pennsylvania