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Message: Molybdenum demand marches forward
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fishbeecee
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Re: Molybdenum demand marches forward

in response to Molybdenum demand marches forward by mikebanks
posted on Mar 06, 08 12:09PM

This is all great news anything to get this stock moving in the right direction again. Although, I do not believe it is the underlying fundamentals of the commodity that is affecting the SP. I have to wonder if it is not the current credit crunch and access to financing that is undermining confidence in Adanac. As it is still requiring financing from lenders to complete the build of the mill and mine site.

I have owned the stock since the $2.00 level and have had to swallow hard and re-read all my research to help steady my nerves and avoid panicking and hitting that damn sell button.

Technically this stock performance scares me because really it looks like it could go lower before it goes any higher. The current decline does not show support until the .60 range.

I hope that is not the case but should it happen I would suggest a re-examination of their financing and if all still looks good then it may be an opportunity to add to a position...I know I will.

 

Cheers

Fish

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