Moly – AMM reported that while General Moly Inc. (NYSEMKT:GMO,TSX:GMO) has acknowledged that the termination of its $125-million loan deal with Hanlong (USA) Mining Investment was a "serious bump in the road," it believes it has sufficient cash to continue on until it finds a new financing parter for its Mount Hope project.
Articles Tagged "General Moly"
Commodity prices have slumped and costs have escalated, squeezing the margins of major mining companies. Falling equities of junior miners have scared investors away along with the capital to keep themselves afloat. Necessity is the mother of invention, however, and many mining companies are learning that the key to survival is doing things differently.
Moly – General Moly Inc. (NYSEMKT:GMO,TSX:GMO) announced that at its annual Meeting of Stockholders it received approval for all the proposals it had submitted.
Moly – Low demand kept molybdenum prices low in 2012, but the next few years may deliver improvement.
Moly – The Denver Business Journal reported that the value of General Moly Inc.'s (TSX:GMO,AMEX:GMO) shares rose 7.35 percent on Tuesday.
Moly – General Moly Inc. (TSX:GMO,AMEX:GMO) provided an update on its finances, noting that it has terminated its $125-million subordinated loan agreement with Hanlong (USA) Mining Investment Inc.; the loan was intended to help finance General's Mount Hope project and the termination was mutual.
Moly – On Tuesday, American CuMo released encouraging results from infill drilling at its CuMo project.
Moly – 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.
Moly – General Moly Inc. (TSX:GMO) released its unaudited financial results for the first quarter of 2013, commenting that it saw a net loss of $3 million for the period, slightly less than the $3.2 million it lost in the year-ago period.
Moly – The Denver Business Journal reported that shares of General Moly Inc. (TSX:GMO,AMEX:GMO) rose 11.8 percent on Thursday, making it the best-performing Colorado stock.