Sorry if I misled you Wysiwyg. Thor has 2.21 millions tonnes with a grade of 0.21% MOS2.
Their mining reserve contains 4.8 million pounds of molybdenum. This information is from their latest review of operations.
Trust clarifies your query.
Thor therefore has 4 872 215 994.3 pounds (almost 5 billion pounds)
You obviously meant pounds for Thor.
Thor therefore has 4 872 215 994.3 pounds (almost 5 billion pounds)
You obviously meant pounds for Thor.
Santos has secured a new gas supply contract with Moly Mines that could earn it as much as $US380 million ($A534.45 million) in revenue.
Well doesn't look like their is much stopping these guys pushing ahead.....even though the SP has tanked......admittedly things could be quite different in six months....but which way...better or worse??
Well doesn't look like their is much stopping these guys pushing ahead.....even though the SP has tanked.....
Secondly: Up until the day they advised subscribers to 'sell out' of Moly Mines, they were promoting the company on their 'Daily Reckoning' email.
Thirdly: Their strong promotion of companies in Diggers and Drillers (of which I'm a subscriber) seems to be at odds with the general pessimistic tone of The Daily Reckoning, ie: one website is promoting the fact that things are due to fall apart while the other recommends 'a Buy' on a list of companies, which have mostly suffered over the past few weeks..
Does any one know what this means to Share price and future development of Moly Mines
"Cancellation of 330,000 Employee Options "
Does any one know what this means to Share price and future development of Moly Mines
"Cancellation of 330,000 Employee Options "
This is one of the latest headlines in a Stockbroking web site I subscribe to, but when I try and read the Pdf on it from this site, it doesnt allow me to open it for some reason. Technology, you cant beat it.
to be fair rg - I received a pre-emptive email warning they may have to reconsider their hold recco after the canadian listing where at least one large holder bailed and they pointed to possible finance doubts as possible reason - a couple fo days later they confirmed the sell so that seems reasonable to me
agree the disparity between D&D and TDR is perplexing
Look at www.infomine.com and check out molyb price - big drops in last few weeks. From about $US36/lb in late Oct/08 to about $US15/lb now.
Never have understood why - maybe someone can help, Molyb price moves in very large and very very infrequent steps.
Upon the issue of Notes under the second tranche, MOL is obliged to issue Warrants to the Note subscribers equaling 15% of the fully diluted issued capital of MOL (on a post Warrant issue basis) at that date. The Warrants have a 10 year maturity and are exercisable into 1 new ordinary share in MOL for each Warrant held at an exercise price of $0.0001. The Notes are due for repayment in 12 months from the draw down of the second tranche.
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