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

posted on Mar 07, 08 09:50AM

Hi Fish,

”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.”

I doubt you will see 60 cents while at the same time you will have any meaningful financing news to base your re-examination on. If time drags on without securing financing, Mr. Market will eventually figure it out that financing is not IMMINENT as IR would have you believe. In principle I agree with you that 60 or even 50 cents is a possibility later on in spring. Such a SP could spell lights out for the current management team. Buying at 60 cents or under will be just a buyout gamble. Maybe a worthwhile gamble if you are a firm believer in the strength of the moly market and the merits of the project.

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