Re: there you go again ...traderdad's post stockhouse
in response to
by
posted on
Nov 09, 2008 08:15AM
(Edit this Message from the "Fast Facts" Section)
Moly Mines was last trading at A$0.65
End of article.
When commodities begin to turn around (maybe sometime in 2009?), and the moly market as well, investors will begin to seek out advanced pre-production juniors. Moly Mines indeed "has managed to tick just about every box since inception." When I spoke to Mr.C the other day, he said that virtually NO money was available for juniors, except maybe flow-thru. With their $150M, MOL can continue operations and not have to go to the market anytime soon. Major financing is all that's left. Yup, that's a biggie for sure. But, every single would-be junior will also have to face the same hurdles down the road. After Climax and Spinifex Ridge, I ask myself, how easy will it be to convince bankers to ante up a billion dollars for yet another massive moly project. First come, first served I believe.
Honestly, I really cannot see what TTM has on MOL right now, in my opinion. Except, TTM has less S/O , but of course that will change too. HOw much does a pre-feas cost, what about a bankable feasibility ? What about offtakes ? Where's the water baseline study ? What about how long it takes to get permits ? (see Adanac's lengthy wait an an example of BC beauracracy).
My money is on MOL, now. Best of luck with TTM. The whole pre-feas (that really never was), was the final straw.
Sandy9 : of course he bought.. then it goes to 30 cents lol!!! but he biught higher as well $1.38 so i'm told
Then recently like yesterday he post this at stockhouse on the wrong board again
have had the same concerns.
Unfortunately, the First Wives Club at A g o r is in denial. I just found it too suspicious that nobody seemed overly concerned about the pre-feasibility not coming out, when everyone there was certain (and expected) it would. Now, not until end of 2009 apparently?
Yes, isn't anyone at that "The First Wives Club" concerned at all that it 'could' be many, many years (in my opinion) before their moly is pulled out of the ground - when many others junior moly players seem so much further advanced.
Yes, a few moly juniors are NOW struggling to raise big funds for construction (Adanac, Moly Mines, ). But, at least they are actually at that STAGE. The CHewers have to drill another (how many km ??) of holes just to get to a measured category.
Too little, too late in my opinion. I have seen the light.
Sandy9: He says "i have seen the light"
The light lolotf!! You have seen the light that you lost
most your money and are bashing on all ttm boards
hoping to get your money back to buy back at TTM again
cause you realize you made a mistake. If you believe in
what you bought (mol)... go their and tell them the merits.
Really you are of no use to us here. If i wanted to but mol
or tcm .. i would buy and post there.. but i certainly would
not sell stock ... then continue to post on the wrong board
unless either one of the below:
1./ paid basher
2./ completely lost my senses
The board members here can decide.. perhaps they can
can find reasons 3./ or 4./ dunno.. but none comes
to mind for me???
Atb
Sandy9