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Bullboard - Stock Discussion Forum Moly Mines Limited T.MOL

TSX:MOL - Post Discussion

Moly Mines Limited > Aussie exchange
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Post by matus on Apr 25, 2014 12:48am

Aussie exchange

The reason why the market is closed for moly is due to the fact that moly has failed to come up with a further mine purchase. If a company holds a large percentage of cash in the bank comparing this to the book value the company it gets delisted. 
They have kept mentioning that they are looking into other mines to buy but but but. 
The law in Canada and Germany is different. That's why it can still be traded on those exchanges.
Comment by narmac on Apr 25, 2014 7:25am
Correct,,,,,,,,,,,,,,none issue at the moment,,,,,,,,,,,as nothing has changed with MOL in the back ground and their shares are trading as normal on the other two exchanges.  Cash can be moved with the press of a button while a full operating mine can't. Therefore a book value based on cash alone is seen as being artificial when there is no revenue stream fueling earnings and or future ...more  
Comment by narmac on Apr 25, 2014 8:16am
Mr.  Doug Buerger,,,,,,,,,,,,,I am not sure we have talent here either!! Very disappointing. https://www.theaustralian.com.au/business/unwelcome-find-at-bendigos-field-of-dreams/story-e6frg8zx-1111112824186
Comment by narmac on Apr 25, 2014 8:49am
Nope,,,,,,,,,,,,,I don't see any talent here with Doug on board,,,,,,,,,,,,,,,,I see Unity Mining Limited is almost worthless after raising and squandering multi millions of dollars on projects these past 10 years that ended up now to be basically worthless,,,,,,,,,,,,Unity has a market cap now of $12 million AUD dollars,,,,,,,,,,,,,,,,I think after the merger with another company from what I ...more