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General Moly Stops Work on Loan Amid Questions About Creditor
Mar. 21, 2013 11:09AM PST
Industrial Metals InvestingBloomberg reported that General Moly has suspended work supported on a $665 million loan on news that the creditor responsible for the loan has been detained in China, sending stock price tumbling yesterday.
As quoted in the market report:
Bloomberg reported that General Moly has suspended work supported on a $665 million loan on news that the creditor responsible for the loan has been detained in China, sending stock price tumbling yesterday.
As quoted in the market report:
The company is seeking clarification from Sichuan Hanlong Group about the reported detention of Liu Han, Lakewood, Colorado-based General Moly said in a statement. The stock fell 14 percent to $2.37 yesterday in after-hours trading in New York.