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Moly Mines Limited T.MOL



TSX:MOL - Post by User

Comment by narmacon Feb 25, 2014 8:20am
179 Views
Post# 22246476

RE:RE:RE:RE:RE:RE:PDAC Metro Toronto Convention Centre March 2-5, 2014 Booth #

RE:RE:RE:RE:RE:RE:PDAC Metro Toronto Convention Centre March 2-5, 2014 Booth #Yes,,,,,,,,,,I am not sure how much is outstanding....not much at this time..the last annual report is very difficult to interpret to accurately assess MOLs' debt position...the point after all is said and done is why MOL managment does not deal with the banks to take out the Hanlong shares. They were being looked at for repossession a while back by the Chinese banks,,,,,,,,We have all but been totally destroyed in asset value here for a reason,,even trading in open market at half our book value,,,,,,,our molybdenum resource is listed at a mere $5m down from $40m on the books in the previous report in 2012. Between asset depreciation,,,,care and maintenance costs, the salaries across the company and the third party contracts we will burn through our cash in short order since no new business activity is started and we now have no revenue stream. It would be interesting to know just how much input Hanlong have with MOL and the banks at the moment while the criminal activity review goes on in the back ground. Maybe we get real backers taking out the Hanlong shares at a fair price..like .45 cents or so!!  :o)  Wishful thinking for sure,,,,!!
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