RE: Moly Mines to sell stake in projectI like the news release. Even though I don't want to lose a portion of the project it makes more sense than diluting here. From the news release:
``The rationale is with our share price where it is at the momentwe would rather sell equity in the project as opposed to equity in thecompany,'' Fisher said. ``We don't believe our share price isreflecting the value in the project.''
A senior executive who actually thinks things through :) Wow. I continue to be impressed by management. Normally this could easily have been 100% debt financed but in the current climate selling a portion of the project is a very reasonable approach to getting into production as soon as possible.