This pr is a very bullish sign for sprott's moly companies. This is indeed good news. Pay particular attention to the area's in bold.

I think moly is poised for another serious run!!

Sprott Molybdenum Participation Corporation announces sale of its position in physical molybdenum

TORONTO, Aug. 14, 2008 (Canada NewsWire via COMTEX News Network) --

<< /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ >>

(TSX: MLY, MLY.WT) - Sprott Molybdenum Participation Corporation (the "Corporation") announces that on August 13, 2008, it entered into a contract to sell its holding of approximately 600,000 lbs of physical molybdenum, in form of molybdenum oxide, at an average market price over the six-month period from July to December 2008. More specifically, physical molybdenum will be priced over six separate quotation periods in increments of approximately 100,000 lbs for the specified months.

The proceeds will be used to repurchase and cancel the Corporation's common shares under the normal course issuer bid announced on August 12, 2008 and/or to invest in companies that explore for, mine and/or otherwise transact in molybdenum. "We continue to be strong believers in the molybdenum story and are bullish on the price of the metal. The sale is prompted by our view that if the price of molybdenum moves up, upside benefit should be greater for molybdenum equities than for physical molybdenum. We also feel that the funds could provide a greater return to shareholders through the buyback and cancellation of the Corporation's shares", commented Eric Sprott, President and CEO.

BBOB