Moly Mines Limited T.MOL

Another Director Resigns

[OnDaBall]

https://www.asx.com.au/asxpdf/20140320/pdf/42nj45jp7dr5lh.pdf I wish they would give some sort of explanation as to what is happening to our company. This is not instilling a great deal of confidence or optimism in our future. Natalie needs to issue some sort of statement to appease shareholder concerns.

[narmac]

w,,,,,,,,,,,,,e can assume he was told to resign,,,,,,,,,,,,,,,just adjusting the furniture in the directors' room for a majority Hanlong board. ,,Very obvious!

[G1945V]

Hello narmac..nice to see that your here as well. Where in your opinion is this stock going.  G1945V

[narmac]

Well,,,,,,,,,,I have owned this play for a number of years now and it has done absolutely nothing,,,,,,,,,,no I lie to you,.....,it has!!!!!... it has devalued itself in share price continually,,,,,,,,,,,so if you look at the share price and managments ability to uphold its' value,,,well,,,,,,,,,the chart  speaks for itself.............where is MOL going?? I assume sub .10 cents. 

[narmac]

,,,and if MOL had a share buy back they could possibly hold up share value,,,,,,,,they have twice as much money in the bank, or there abouts, to what the entire share structure is worth,,,,,,,,,,,,,,,,why wouldn't they buy some shares back?????????????,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,the issues around this company smells!!!!!!!!!!!  ,,,,, I wish I had never heard of this comnpany and

[G1945V]

Buying back shares is not a bad thing, depending when they bought them. Mainteains some stability in the share price. They can always dump them later when the price goes up.  But overall. looking at the financials they are still good. $72M in cash with about $6.3M in current liabilities. A P etc. Bottom line equity @ $72M..nets a share book price of 20 cents. ..stock price 10 cents