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Moly Mines Limited T.MOL



TSX:MOL - Post by User

Bullboard Posts
Post by derekcson Jan 04, 2011 10:03am
416 Views
Post# 17921516

Shares

SharesAs someone already eluded to. Considering Hanlong controls 55% of the shares or approximately 196 000 000, the shares available on the open market are only around 170 000 000, assuming Hanlong isn't trading their shares which I can say with ALOT of confidence, THEY AREN"T.  Subtract institutions and insiders that are holding the stock and you could guesstimate that their are ONLY around 100-120 million shares for average JOE to get his/her hands on. Alos factor in that MOL did not participate in the run up enjoyed by many in the last year and I'd say we should see this sp consolidate around the 2.25-2.50 range B4 we see another surge after the financing. Take a look at AVL and their run in the last few weeks. Rare earth elements are the story of the future not to mention the iron ore. MOL has the market by the BALL$ and there's no telling where we are headed!!!!
Bullboard Posts