Moly Waits for Better Climate

The West Australian reported that Moly Mines (TSX:MOL) is considering strategies to raise funds to develop its Spinifex Ridge project.

The market news is quoted as saying:

Moly is considering corporate activity. The size of any acquisition would depend on whether Moly, which had $31 million in the bank at June 30, invested alone or invested with its Chinese shareholder, Hanlong Mining.

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