Moly Mines Limited T.MOL

Thanks...OnDaBall

[Zorro99]

Really appreciate the link...OnDaBall.
Nothing is happening at MOL but
spend CASH ON HAND. Anyway,
That is what it looks like to most of us !!!
JMHO

[OnDaBall]

You might be right, but aren't all of us who have been hanging on for so long more optimistic than that? I keep thinking that they are still trying to grow the business. After all, aren't ALL molybdenum miners suffering right now? The price of molybdenum as reported at https://www.mineralprices.com/ is showing minor increases, this year, but not enough to make mining profitable. The minor

[narmac]

Exactly,,,,,,,,,,,,,,,,,,,,,,,downsizing in order to get bigger!!  :o)  ,,,,,,,,,,,,what happens when they buy that mining operation in never never land??  ,,,,,,,,,,,,,,, hire new people ??  Out with the new old and in with ,,,,,,in with,,,,,,,,,,,,,,,, well we will need to wait for the next episode to air in this soap opera to find that out!,,,,,,,,,,,,,,,,nope,,,, getting

[G1945V]

narmac:..So whats left after ...Spinifex Ridge iron ore project sell off ...for MOL....the end..?? G1945V

[OnDaBall]

Well, the way I see it is this. There are two options: sell what you have now and take a hit, or, hang on and find out. Personally, I'm betting (literally) that they are working on something and that sometime this year they will announce an acquisition of some description and there will be a bounce, giving those who have had enough of MOL a chance to get out. But the choice is up to you. GTLA

[narmac]

,,,,,,,,what's next for MOL??,,,,,,,,,,,,,,,,,,they don't know themselves so how would I or anyone on this board know??..................they have a resource that was once valued at about $50M which is now down to $5 and it is too low a grade to mine profitably until world economics or the price of Mo moves to an acceptable level,,,,,,,that may not be in our lifetime............there is