posted on
Mar 02, 2009 05:45AM

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Message: News
I agree. And yes I see the market action after this news as what I may of expected but hoped would not happen at this point not much. Right now the tsx is down 334 points. Hard to gain any momentum on such a down day.
My guess is that they are looking to find out who anon is and basically get them out of the way. Just like they did with the sprott moly fund. Which is fraser mackenzie below. Between fraser and anon that is almost all of the selling. If we had them out of the way who knows where we would be sitting at? As far as the deposit looks very much like there could be an open pit and in time could be developed into a shaft.
This PR is indeed good news. But with the price of moly where it is at all moly plays will attract very little interest. When it does turn around those who are buying at .12 cents will be laughing down the road.
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