6 replies to this topic

[Cirrus]

GMO is a favorite industrial metals play based on LT investment merit. I own a little now having recently trimmed down position after the runup. The charts look great for the LT but the weekly looks like it needs some extended basing. I'm looking to reup the position on any retrace on the weekly chart. GMO is an emerging Molybdenum miner. You can go their web site and check out the presentation if you're interested in fundamentals and valuation. Molybdenum should have a very bright future and exhibit some outstanding relative strength compared to other industrial metals--I hope .

http://stockcharts.c...57308&r=772.png

[hiker]

hi Cirrus,

do you have any idea who else produces moly? worldwide

April 24 article about GMO -

http://www.spokesman...y.asp?ID=186106

another article on moly -

http://www.gold-eagl...eser040507.html

there used to be a moly mine near Challis, ID which I believe is now closed -

http://findarticles....100/ai_12842521

Edited by hiker, 27 April 2007 - 02:44 PM.

[Cirrus]

Check out BLE, ROK and AUA. All trade on Canadian exchanges. BLE is the "name" in the emerging Moly sector. GMO will likely require a secondary and some debt issuance to bring their properties to full production. Actually, it wouldn't surprise me to see GMO acquired prior to production fundamentals hold up over the coming couple of years. It's simply too cheap and many producing companies in the sector have massive cash hoards to spend now.

[mss]

Note also:
"Climax Molybdenum Co., a subsidiary of Phelps Dodge Corp., is the world's leading molybdenum producer and supplier. Founded in 1916, our global operations include both primary and byproduct molybdenum mines. Integrated global operations and local customer care provide our worldwide partners with the most reliable supply and highest quality molybdenum and rhenium products."
mss

[hiker]

thank you, Cirrus and mss.

[Caduceus]

More information about Moly Stocks:

http://silverstockre...indication.html

I have owned GMO from $2.07

[Cirrus]

More information about Moly Stocks:

http://silverstockre...indication.html

I have owned GMO from $2.07

Caduceus....you should have posted your idea here! Nice job as you got in at less than half my price!