Moly Mines Limited T.MOL

Blood Moon tonight, & Blood in the Streets for MOL --

[siempre33]

Baron Rothschild's purported adage on investing, buy when there's blood in the streets, applies now Molycorp, because all the bad newz has certainly created a 'blood in the streets' scenario...
received this info in an email from Danny Deadlock today >

Shares Outstanding: 385 million (1 Chinese shareholder owns 207 million)
 
Financials Dec 31st:
Cash $77 million + Receivables $8 million / Liabilities $15 million
Approx. Net Cash & Investments = $70 million or 18 cents per share
 
"Cash is king and patience is a virtue. We are very well positioned in the market to go for quality projects in accordance with our strategy. Every effort will be made to ensure we secure key assets best suited to the future growth profile of the company."  [CEO April 9th]
 
Cash rich MOL continues to frustrate their shareholders as they will temporarily lose their Australian Stock Exchange (ASX) listing on April 22nd for failing to meet listing requirements. They have been unable to put their war chest of cash to use and secure a merger or acquisition. I cannot blame them for taking their time but many older shareholders are tired of waiting and started dumping on the delisting news last week.
 
The TSX has more liberal listing requirements and there are dozens of TSX listed companies simply sitting on cash hoping to put it to work. MOL has one of the largest bank accounts in this cash rich category and is also trading at the deepest discount to cash value.
 
I have followed MOL for several months now (since 11 cents) and I will continue to follow their progress. The delisting notice in Australia should be creating an opportunity at 7 and 8 cents. So long as you understand this merger / acquisition process can be lengthy.
 
They have made senior management changes to preserve cash until a merger or acquisition target is secured.

[Loudermilk]

He's has also increased his holdings to 200000 shares from 150000.

[G1945V]

You say:  "MOL has one of the largest bank accounts in this cash rich category and is also trading at the deepest discount to cash value." IYO; would you consider "ELR"  (Eastern Platinum)  as being another one that fits that bill..?? G1945V

[Loudermilk]

Short answer. No.

[G1945V]

Well don't stop there...!!!