Molly Corp got burnt because of the China Illegal mining of Rare Earth Metals. China does not ship Fracking Sand.
The new change I see is the commodity market is taking a dive. Money is not so free anymore. Well I guess we will wait and see together. We will either make A LOT of Money or lose everything. I have my Lotto Ticket, well 40K of them
Not getting their funding since OIL and commodities are down. i would expect delays till things improve. It is strange how NO NEWS from the company.
I Will hold my stock NO NEED TO BUY MORE
they took a big stake in HCLP... all I am saying. Just hope they do not take us out at $15
Good pickup. Hope it holds too, keep us posted. I am done with NM, no more buying. I did nail HCLP today at $11.12
From the article:
"Because of our confidence in our technology and ability to lead this market, we've laid the groundwork to execute large-scale refrac operations through alternative business arrangements. To this end, we're pleased to announce that we have entered into a memorandum of understanding with BlackRock to provide a funding mechanism specifically for refrac projects up to $0.5 billion in capital over the next three years"
article from Yahoo Finance HAL NEWS links
How would you feel if the Navios group merged into one. Merge NM with NNA, NMM.
I for one would like it. I think it would smooth out earnings a little.
Looking over the 10 year chart this 3:30 - 3:40 seems to be support. CHINA will pump in a lot of capital to prevent a recession. Well, lets hope....
I believe CHINA is the reason too. But I was looking at the chart LOOOOOONG term and it seems 3.30 was bottom back them too and hung around there for about 1.5 years before moving up. I think we will remain low for a long time till China and India pick up steam.