Moly and GoldI agree. The moly property has not been priced in for awhile and lack of promo was apparent. Yes they do have alot of knowledge of the area and they are not the typical 90's style "nearby" players that are popping up now as they always do.
I bought it for the moly property, and I started buying in June. Bought a bunch more prior to the first rally as I could see on the chart the weekly momentum was increasing even though no significant price jumps were apparent. I was also watching the 200 DMA which, if you have been watching, is turning positive for the first time in 2.5 years, combined with the largest volume on any chart in it's history, I am confident this is just the beginning a good strong move. However, as always, I will not become attached and look for an out when the market tells me to.
The chart is a 3 year so I could clearly show the significance of the recent moves. Look for some poetential resistance to get over .20 though. After that, if a financing has not been announced, I suspect it will easily move to .40 or so. If DEC releases some more positive news, look for strong moves up. Bottom line, there are currenty! alot of positive indicators right now.
