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March 05, 2010 – Comments (6) | RELATED TICKERS: GMO

Holy Moly, What happened to General Moly (GMO) today? Up 47%...

6 Comments – Post Your Own

#1) On March 05, 2010 at 12:56 PM, Tastylunch (29.20) wrote:

Earnings and huge positive news

http://www.streetinsider.com/Corporate+News/General+Moly+%28GMO%29+In+Agreement+wHanlong+for+80%25+Funding+of+Mt.+Hope+Project%3B+POSCO+Commits+to+20%25+Mt.+Hope+Equity+Interest/5413035.html

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#2) On March 05, 2010 at 1:44 PM, dragonLZ (99.59) wrote:

I know Tasty, I know, but 47% (right now 42%) is quite a jump (and I love it).

Thanks.

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#3) On March 05, 2010 at 1:46 PM, lemoneater (81.74) wrote:

Southern Copper SCCO also produces Molybdenum. I don't know much about the industrial uses of Moly, but evidently there is some demand for it. Interesting!

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#4) On March 05, 2010 at 1:56 PM, Tastylunch (29.20) wrote:

yes well given the news it's a justifiable one. Doesn't seem unwarranted or unsual move to me just sudden, if it was I'd be looking to short. The fundamentals of the compnay have litterally changed that much or so with this announcement. It's quite possible ( I haven't run the numbers so I don't know) that it could go up much higher from here as well over the next several years. I had considered this one as a long a couple times and am regrettinhg it now :(

not real crazy about the fact that the chinese have bought into yet another asset we could use though. But good fro GMO though

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#5) On March 05, 2010 at 2:21 PM, Ticker007 (23.10) wrote:

Google it (what is Molybdenum used for) - a lot of stuff.

This is great news and now a great buy. No more speculation.

GMO even with this spike; now become a good long term play. I don't have a crystal ball, but this is a mulit bagger. In several years Lord only knows what the share price will be. This is another TC in the making but, GMO has more of it.

I'm going to see if it settles a bit, but that may not happen. Strong buy, I'm going to buy. No brainer

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#6) On March 06, 2010 at 12:52 PM, Flightequipt (< 20) wrote:

GMO's chart looks awesome now!

Link to chart:

http://flightequiptstocktraders.com/2010/03/06/gmo-keep-an-eye-on-this/

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