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Re: geopic post# 302

Monday, 03/30/2009 3:10:43 PM

Monday, March 30, 2009 3:10:43 PM

Post# of 344
A quick update: Hi Ho has dropped considerably since my last, here. One major factor is the price of Molybdenum. It dropped from about $32 to well under $10, starting last October (or so). The bid is well below a nickel and last trades were at or near 52-week low. There is not much hope of a quick recovery both for moly and HHS. Hi Ho should remain well under .10 until some major recovery.
Not anticipated, unfortunately.
g.p.