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Thursday, September 04, 2008 7:25:33 PM

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First, this is NOT LSE:MLY, a totally different venue.
MLY is on the TSX (Canada). The IBox does show how this participation fund started.
Since then, Moly has kept a fairly good rate (about $34 lb) and the fund -see SEDAR for reports- somehow, has slipped from its $6.00 soon after inception to its current $3.10 or thereabout.
Mind you, so many mines are at near year lows that this is not that much of a surprise.
At any rate, www.sprottmoly.com will put you up to date with this underpriced stock.


Sept 4: Check London. Cobalt and moly may become commodities as per this recent news item:
''Posted: August 30, 2008, 12:54 PM by DrewHasselback
The London Metal Exchange, which is regarded as the source of the benchmark spot price for host of base metals, is mulling whether to launch trading for cobalt and molybdenum futures.

Cobalt and moly were once considered relatively exotic products with a small number of customers. Traditionally used to reinforce steel for specialty applications like pipelines, demand for cobalt and moly has picked up steam over the past few years as the metals are also used in a lot of technological applications, such as electric cars, iPods and laptops.

The LME will consider the trading at a board meeting scheduled for Sept. 4. The LME figures it would be easy to trade cobalt and moly contracts. The metals tend to be produced as byproducts of other higher profile metals already featured on the exchange. Cobalt is often produced as a byproduct of nickel mining, while a lot of the world's moly comes from copper projects. Of course, the surging interest in both metals has led many junior miners to promote pure play projects...''
Day Range:
Last Trade Time:
Total Trades:
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  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y