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No Upside Potential for General Moly Until Financing Issues Resolved
May. 07, 2013 10:54AM PST
Industrial Metals InvestingiStockAnalyst reported that disruptions in the financing of General Moly Inc.’s (TSX:GMO) Mount Hope project have caused a correction in the company’s share price. So far its shares are down 56 percent year-on-year.
iStockAnalyst reported that disruptions in the financing of General Moly Inc.’s (TSX:GMO) Mount Hope project have caused a correction in the company’s share price. So far its shares are down 56 percent year-on-year.
As quoted in the market news:
“We believe any upside potential for the shares will remained capped until there is clarity on who will provide project financing and when,” RBC Capital Markets analyst Fraser Phillips said in a client note.