Interest in MOL shares growingAs the AGM approaches, interest in MOL seems to be growing. In Australia today (lat night here in NA) almost 320,000 shares changed hands raising the SP to $0.11 - an increase of 4.76%.
Here in Toronto, as we move into the afternoon, bids are rising, approaching 200,000, trying to buy in at the extreme deal price of $0.105. However, there seems to be a generally optimistic POV that Moly is going to announce some good news at the meeting.
I have nothing to base it on, but I, too, believe that there wil be good news coming out at the AGM on the 28th, probably concerning some sort of acquisition. Also, as Zorro99 has pointed out, the revenue generated from the iron ore mine gate sale supports a SP of $0.21, so MOL is undervalued by about 50% as it stands now.
GLTA