AGAIN, NOT LSE:MLY Sprott Molybdenum share price is just above $1.00, a far cry from its IPO of $5.00 and high over $6.
Moly price had held around $33 but in this past 4 weeks has dropped to about $17 a pound. MLY does hold 30% in cash but does have a high content of Junior Moly Explorers.
At a dollar ten or less, time should prove this a bargain.
Note that Sprott is buying back its shares too...
g.p.
(MLY on the TSX)