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Does anyone now the reason behind the sudden interest in Mol from the Canadians. An sp rise of 22% in two days???
MOL - Moly Mines
- Thread starter imajica
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The Sprott Moly Fund to launch soon
And the jump in Moly prices.
DGR had a great run yesterday, few other moly plays which have not moved yet
And the jump in Moly prices.
DGR had a great run yesterday, few other moly plays which have not moved yet
Sorry, don't know the answer to that one, especially since half the world's molybdenum occurs in the U.S.
However, the Canadians do keep an eye on the Australian market, I suspect our shares are much cheaper than U.S. shares and Molybdenum is a very important metal in steel production, used in aircraft, armour plating and many other things, but I'm sure you know this:
check this link: http://en.wikipedia.org/wiki/Molybdenum
I'll probably buy into this sector.
Cheers
Taurisk
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MOL has been consolidating for quite a while now. looks like it might just have enough for a breakout soon, if a good ann comes.
but looks like it's only stock specific - THR and CYL have not had that great a run themselves.
but looks like it's only stock specific - THR and CYL have not had that great a run themselves.
Although Thor Mining PLC (THR) has not done too bad of late - up 6.5% today to 41 cents. regards YN
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Although Thor Mining PLC (THR) has not done too bad of late - up 6.5% today to 41 cents. regards YN
Yeah, seems like Thor is starting to put all that chinese pullout and insider trading fiasco behind and starting to move again.
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Here is a report prepared by Far East Capital on the state of play of Tungsten on Molybdenum prospects in Australia. It mentions a couple of companies - THR and QOL amongst them - looking to produce tungsten and molybdenum mines in the short to medium term.
View attachment tungsten21June07.pdf
To quote the report:
'The tungsten market has been overshadowed by the
surge in molybdenum prices from US$25/lb in February to US$33.50/lb at the end of May.' Could be explaining some of the renewed interest in this sector.
No mention of the company you are interested in but should help with your overall segment analysis.
PS: hope attachment works. First time I am having a go at using this forum.
View attachment tungsten21June07.pdf
To quote the report:
'The tungsten market has been overshadowed by the
surge in molybdenum prices from US$25/lb in February to US$33.50/lb at the end of May.' Could be explaining some of the renewed interest in this sector.
No mention of the company you are interested in but should help with your overall segment analysis.
PS: hope attachment works. First time I am having a go at using this forum.
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Hi, I Hope that some of you who have commented on this are still holding.. Very strong price increases in the last week and really breaking out, the volume remains reasonable small.
Sean K
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Hooly dooly, this has gone balistic. No ann? Speeding tickets? Golly, something in the wind here. Takeover? But such low volume? Moly is certainly one of the metals to be digging up at the moment.
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Moly mines is flying now up to $7.00 .. this is a really breaking out no..
Not alot of volume yet though.. hopefully not just being manipulated.
Not alot of volume yet though.. hopefully not just being manipulated.
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I cant believe more people are not holding this stock or commenting on it. Anyway high at 7.25 still low volume and not may sellers..
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Mass mutual financial group has become a major share holder round 5% with majority of shares being purchased at around 6.52.
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Moly mines came down substanially over the past week almost 50% of where it was peaking prior to the market change .. I have taken this opportunity to double up the money I have invested and expect a strong recovery.. There are limited sellers of this stock ..
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I've repurchased most of what I sold but leave a little available just in case there is a bigger drop to sub $3.
Time to buy up the world class mines starting production next 2-3years
Time to buy up the world class mines starting production next 2-3years
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Forget sub $3.00 MOL is heading back to $7 where it belongs.. Strong buy orders around $4.50.............................
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Anyone following Moly Mines? DFS out! Increased volume on TSX 2mill closed up 11% $4.30 c. circa $4.60 Aud bringing in line with asx. Does Sprott know something, any thoughts?
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DFS is an excellent.
MOL has already started moving engineering personnel to undertake detailed engineering. If my sources are correct then it is the same team with WOR backing who were engaged in FMG project.
As you know Molybdenum is an important ingredient in making alloy with high speed steel etc. Not preaching metallurgy but the alloy steel with Chromium and Moly onto it are value added products. Same applies with Manganese. Under lay man terms if you are buying an ordinary steel (structural as used in construction industry) for one unit then a special steel with Moly and Chrom will fetch 12 units for the same weight. The project has great potential and excellent team. With iron ore increase in price means steel price increase and obviously as a correlation Moly price will go up. Unfortunately that means our car prices will go up too (Please correct if I am wrong here)
However as an ordinary Miner I do not know the synergy between Aluminium maker and Steel maker. Yes I am referring to recent addition in teh board and would be observing the effect in company performance . Please refer to Worsley Alumina expansion record, Alcan in Gove record which are excellent . But they are not from Ferrous Group.
Let us think positive.
MOL went up to $7 for few days and probably by fluke. But this time it will be no fluke with solid DFS.
Happy investing
Regards
MOL has already started moving engineering personnel to undertake detailed engineering. If my sources are correct then it is the same team with WOR backing who were engaged in FMG project.
As you know Molybdenum is an important ingredient in making alloy with high speed steel etc. Not preaching metallurgy but the alloy steel with Chromium and Moly onto it are value added products. Same applies with Manganese. Under lay man terms if you are buying an ordinary steel (structural as used in construction industry) for one unit then a special steel with Moly and Chrom will fetch 12 units for the same weight. The project has great potential and excellent team. With iron ore increase in price means steel price increase and obviously as a correlation Moly price will go up. Unfortunately that means our car prices will go up too (Please correct if I am wrong here)
However as an ordinary Miner I do not know the synergy between Aluminium maker and Steel maker. Yes I am referring to recent addition in teh board and would be observing the effect in company performance . Please refer to Worsley Alumina expansion record, Alcan in Gove record which are excellent . But they are not from Ferrous Group.
Let us think positive.
MOL went up to $7 for few days and probably by fluke. But this time it will be no fluke with solid DFS.
Happy investing
Regards
