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Genereal Moly has one of the largest undeveloped molybdenum mines in North America. Moly is necessary for high strength steel which is used in many industrial applications such as oil drilling and nuclear reactors. Demand is growing again as the economy is bottoming out in China and in other emerging markets. A breakout through $2 on volume will catapult this stock to $5. Arcelor mittal put a lot of money into this company and I wouldn’t be surprised if they got a takeover bid at this level from Thompson Creek Metals.
[...] Another Move, Adding Under $3.10 In Stock Movers on September 30, 2009 at 8:21 pm Since my original recommendation General Moly is up 50%. I still believe my long term target of $5 will come sooner than later as [...]
[...] recent breakout moves my target up to $6 which will be a 200% increase from my original recommendation at [...]
[...] (GMO) Poised To Be Largest U.S. Moly Only Miner In Stock Movers on April 15, 2010 at 2:59 pm Last year following the major market crash I recommended General Moly to purchase at $2. At the time General Moly needed a major investor to push their major molybdenum projects forward. [...]
[...] introduced General Moly to my subscribers in May of 2009. At that time, the permitting process was not paramount, financing was the critical consideration as [...]
[...] Members-Only Premium Stock Analysis Service NOW!I introduced General Moly to my subscribers in May of 2009. At that time, the permitting process was not paramount, as financing was the critical consideration [...]
[...] introduced General Moly to my subscribers in May of 2009. At that time, the permitting process was not paramount, as financing was the critical [...]